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We have a client here in Edmonton that has a request to use Bank of America - based in Toronto - to do Direct Deposit transactions from Canadian Payroll. I know we have some degree of flexibility, but, I have not seen BofA listed on the drop down and I was wondering if anyone else out there has had this request?
Client is being forced by Head Office to switch this account and it is a matter of some urgency as the 'former' parent wants the 'old' company off of their banking accounts as soon or sooner than may be possible.
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So after spending about 15 hours with Bank of America Canadian experts and being told that they are 'total different' than other banks, we submitted to them using the HSBC - CPA format and it was accepted without question on the first pass.
The Bank experts told us we made the 'right' changes - all we did was put in the Bank Transit numbers and submitted.
So, if anyone else is running up against Bank of America for Canadian Payroll, it can be done - we have done it, client is doing weekly payroll and encountering no errors.
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