Banking transactions

You can order cheques by contacting our advisors at the Telebanking Centre at 1-800-252-1846 or for Commercial Banking clients, you can contact your Business Centre coordinator.

You can pay a bill via LBCDirect online or any Laurentian Bank automated banking machine.

Akin to bills with fixed numbers, you can add a bill with variable numbers via the LBCDirect website (under the BILL PAYMENT tab). However, just select the question mark icon located to the right of the screen for detailed instructions. In addition, you also have the option to call the Telebanking Centre at 514-522-1846 or toll-free at 1-800-252-1846. It will be their pleasure to be of assistance.

Since the bill number changes from one bill to the other (i.e. variable numbers), only the company name will be registered to your account. You will be required to enter the bill number for each payment.

Yes. Post-dated payments may be programmed for both fixed and variable number bills via LBCDirect.

You must make a stop payment by telephone by contacting one of our advisors at the Telebanking Centre at 1-800-252-1846 or your Business Centre coordinator.

When you contact the Telebanking Centre, you should have the following information in hand:

• name of the beneficiary of the cheque or payment
• exact amount of the cheque or payment
• date of the cheque or payment

Fees are applicable for this service. Refer to the My Transactional Tools brochure for all the details.

Information required to process a transfer into a Laurentian Bank of Canada account is usually the following:

1. Name of the beneficiary;
2. The Laurentian Bank of Canada’s S.W.I.F.T. code (BLCMCAMM);
3. The 5-digit transit number (begins with 0 followed by the branch number and ends with 1). For example, the transit number of branch 025 is 00251. This number appears on your monthly bank statement, on the LBCDirect website and at the bottom of your cheques;
4. The bank account number as well as the suffix of the Laurentian Bank account;
5. The postal address of beneficiary’s LBC branch;
6. The Laurentian Bank’s institution number (039);
7. The routing number (or “ABA”) of the Laurentian Bank of Canada (026 009 593).

Please note that cable transfers are subject to reception fees of $15.

You may transfer funds from the Laurentian Bank to another financial institution via a wire transfer or a bank draft. A wire transfer is the fastest way to transfer funds abroad.

Processing time ranges from 1 to 15 days, depending on the destination, however the delay is not guaranteed.

The following information is required to perform a wire transfer:

1. Name, address and account numbers of the beneficiary;
2. The bank transit number and the account number to which funds must be transferred as well as the name and address of the bank;
3. The receiving bank’s S.W.I.F.T. code;
4. Reason for payment

Except for wire transfers made to Canada and the United States, please note that the IBAN* code of the beneficiary must absolutely be provided to make a wire transfer.

Transfer fees in Canadian currency are:

• Transfer between $0.01 to $9 999.99: $20.00 per transfer;
• Transfer between $10 000.00 to $24 999.99: $28.00 per transfer;
• Transfer between $25 000.00 to $99 999.99: $40.00 per transfer;
• Transfer between $100 000.00 and more: $70.00 per transfer.

Transfer fees in other currencies are (fees to be converted in $US if the funds are debited from a $US account):

• Transfer between $0.01 to $4 999.99: $30.00 per transfer;
• Transfer between $5 000 to $9 999.99: $35.00 per transfer;
• Transfer between $10 000 to $24 999.99: $50.00 per transfer;
• Transfer between $25 000 to $74 999.99: $70.00 per transfer;
• Transfer between $75 000 and more: $75.00 per transfer.

Please contact your account manager or branch advisor for more information.

*The IBAN code, International Bank Account Number, is an international bank account numbering system. This code identifies the account and the bank, which facilitates transfers.

It’s possible to transfer funds from an account held at another financial institution to your Laurentian Bank account through our LBCDirect online banking service. However, it’s not possible to transfer funds online from your Laurentian Bank account to an account held at another financial institution.

If you wish to transfer funds from your Laurentian Bank account to an account held at another financial institution, you can establish a direct deposit agreement with the receiving institution.

A transfer of funds between two different accounts can be performed through LBCDirect under "transfers" in the “transfers” menu. You will be able to select between which accounts the transfer must take place.

You can also transfer funds between your Laurentian Bank accounts by choosing one of the following:

• Laurentian Bank & THE EXCHANGE® automatic banking machine*
• Interac e-transfer®*
• Official cheque (if the transfer is in Canadian $)
• Bank draft (if the transfer is in American $)
• Wire transfer
• Electronic Funds Transfer (EFT)

Important: * For customers with 2 signatories or more, you must have a transactional access within LBCDirect.

Pre-authorized payments are agreements, usually contractual in nature, made between you and a given company. Therefore, if you wish to interrupt payments, you must contact the company directly to make appropriate arrangements. Pre-authorized payments should cease automatically. Please note that we do not have the authority to terminate a contract between you and another company.

However, if the company fails to interrupt payments, you must send them a letter by registered mail and keep the receipt (as proof of delivery). If the company ignores the letter, please inform a branch representative and he/she will suggest appropriate actions to cease payments. Make sure to keep copies of emails and other correspondence to and from the company acknowledging your request.

The maximum holding period on deposits of cheques is 5 business days, regardless of the amount deposited. Refer to the My Transaction Tools brochure for more details.

Interac e-Transfer® lets you receive or send money to anyone who has an account with a participating Canadian financial institution.

Sending: a $1 fee is charged for each Interac e-Transfer^® sent. In addition, withdrawal fees may apply depending on the minimum balance held in your account or the number of transactions included in your banking package.

Receiving: there is no fee for receiving an Interac e-Transfer^® through LBCDirect.

Interac e-Transfer^® sent via LBCDirect are subject to the following limits:

• $3,000 per transaction
• $10,000 per 7-day period
• $20,000 per 30-day period

These delays apply starting on the transaction date and end 7 or 30 days later, as the case may be, after the transaction date in question. For example, if an Interac e-Transfer^® is sent on December 10, at noon, the 7-day delay remains in effect until December 17, at noon. As for the 30-day delay, it remains in effect until January 9, at noon.

You can receive up to $25,000 per transaction (no daily or cumulative limit).

Interac e-Transfers® can be sent at any time (24 hours a day, 7 days a week).

The recipient receives a transfer notification via email or text message, usually within 30 minutes of sending, and the funds can be deposited to their account immediately. The funds and applicable service fees are withdrawn from the sender’s account as soon as the transfer request is made. Please note that the $1 fee charged for sending the transfer is not refundable.

Anyone with an email address, access to LBCDirect online and a Canadian bank account can send money with Interac e-Transfer^®.

You can send money to someone using their email address or mobile phone number.

Funds may be received by recipients who don’t use or have access to online banking with their financial institution, but certain conditions have to be met. For more details, please visit interac.ca.

Yes. The Interac e-Transfer® service allows you to set up multiple receivers and keeps the information on file. When sending an e-Transfer, simply select your recipient from the drop-down list. Recipients can be edited or updated at any time.

Yes, if the recipient has not deposited the funds in their account. Once the transfer has been received, the transaction can no longer be cancelled. Please note that the $1 fee charged for sending the transfer is not refundable.

You can view your Interac e-Transfer^® transaction history and any transfers being processed (pending) using LBCDirect Internet. To view your transfer history, log on to LBCDirect. Once your LBCDirect session is open, select “Tranfers” in the leftside menu and click on “Send money”.

If the transaction has not yet been received by the recipient, you can choose to cancel the transaction from the Pending e-Transfers screen. If the transaction has already been completed and funds deposited to the receiver, then contact us.

Interac e-Transfer^® expire 30 days after they’re sent if the recipient has not deposited the funds. Once the 30-day period has expired:

• The recipient of the transfer will no longer be able to deposit the funds.
• The sender will be notified that the funds will be deposited back into their account. Please note that the $1.00 transaction fee will not be refunded.

The Cancel and Resend links will appear once the e-Transfer has been received and processed by Interac®, and the notification has been sent to the recipient, which may take up to 30 minutes*.

Once the sent transfer has been processed by Interac^®, you have the option of cancelling the transfer or resending the notification.

When the transfer has been completed, and funds received/deposited by the recipient, the e-Transfer will show a ‘Completed’ or ‘Processed’ status. Once completed, you cannot cancel the transaction.

Depending on the volume of e-Transfers being processed by Interac^®, this process may take as long as 2 hours, but on average you can expect processing within 30 minutes.

Autodeposit is a quick and easy way to securely receive electronic payments. With Autodeposit, funds are deposited directly into your account without the need to answer a security question.

Once you’ve registered for Autodeposit, your email address will be linked to the selected account. You won’t need to log in to LBCDirect to accept the transfer.

To register for Autodeposit in LBCDirect:

1. Log in to LBCDirect.
2. Select “Transfers”. From the sub-menu, select “Manage Autodeposit”.
3. Enter the email address you’d like to register for Autodeposit.
4. Select the account where you want the funds deposited.
5. Select the checkboxes to agree to the terms and conditions, then select “Register”.

Once you’ve submitted your registration, you’ll receive a confirmation email to complete your Interac e-Transfer^® Autodeposit registration.

To complete your registration, select “Complete registration”. You have 24 hours to confirm the registration.

No, you won’t be charged a fee when you register for or receive money with Autodeposit.

No, you can only register an email address for Autodeposit at one financial institution at a time.

If you register an email address that’s already registered for Autodeposit at another financial institution, you’ll stop receiving funds with Autodeposit at that financial Institution. Instead, funds will be deposited directly into your chosen Laurentian Bank account.

Request Money lets you request funds from your Interac e-Transfer^® contacts.

You can request money from an individual or business with a valid email address or Canadian mobile phone number that you’ve saved as one of your Interac e-Transfer^® contacts.

To send a Request Money in LBCDirect:

1. Log in to LBCDirect.
2. Select “Transfers”. From the sub-menu, select “Request Money”.
3. Fill in the request details.
4. Select the checkbox to agree to the terms and conditions, then select “Next”.

When someone sends you a Request Money, you’ll receive an Interac e-Transfer^® notification through email or text message.

To accept the request for money, select the “Accept request” link in the email or text message.

This will take you to the Request For Money page. Select Laurentian Bank from the list of financial institutions. You’ll be directed to LBCDirect to fulfill the request.

Once the contact completes your money request and the funds has been deposited into your account, you’ll receive an Interac^® e-Transfer email or text confirmation.

You don’t need to do anything to accept the funds. They’ll be deposited directly into your account once the request is completed.

You can cancel a request only if the contact has not fulfilled it.

To cancel a pending Request Money in LBCDirect:

1. Log in to LBCDirect.
2. Select “Transfers”. From the sub-menu, select “Request Money”.
3. Select “View Pending”.
4. Find the pending request you want to cancel. Open the Actions menu for that request and select “Cancel”.
5. Review the details on the Cancel Request Money confirmation page and then select “Next”.

To confirm that you’ve successfully cancelled your request, you’ll get a cancellation receipt.

The contact that received the request for money will be notified that the request has been cancelled.

A $1.00 service fee will be charged per accepted Request Money. Business packages do not include Interac e-Transfer^®.

The $1.00 service fee will be charged when the contact fulfills the money request.

There’s no charge to fulfill, cancel, or edit a money request.

Regular fees apply to transactions exceeding the limit provided by the Business package. Fee schedule in force as of December 1, 2023. For further information about this service and banking fees, please refer to My Transaction Tools.

Both Autodeposit and Request Money enjoy the same bank-grade security standard as Interac e-Transfer^®, one of the safest digital money transfer services in the world.