TIB Finance is the Canadian payment platform that automates supplier payments, payroll and contractor payouts. Send one-time or recurring payments by EFT direct deposit, Interac e-Transfer, instant payment or wire transfer, in batches of up to 5,000 transactions, with approvals and automatic reconciliation.
Founded in 2018 in Quebec • 1,000+ businesses • $600 million in volume processed per year
The best way to pay suppliers in Canada is to automate your accounts payable with TIB Finance. Instead of printing, signing and mailing cheques, you approve payments in one platform and TIB Finance sends them by EFT direct deposit, Interac e-Transfer, instant payment or wire transfer, to one supplier or to 5,000 at once.
Every payment is tracked in real time and reconciled automatically with your accounting system or ERP. Your suppliers get paid on time, your finance team saves hours every week, and you keep full control over who approves what.
TIB Finance gives you every payout method in Canada from one platform. Pick the right one for each payment.
| Method | Delivery time | What the recipient needs | Ideal for |
|---|---|---|---|
| EFT direct deposit | 1 to 2 business days | A Canadian bank account | Recurring supplier invoices, payroll, bulk payments |
| Interac e-Transfer | Within minutes | An email address or mobile number | One-time payments, new suppliers, contractors |
| Instant payment | Seconds, 24/7 | A Canadian bank account | Urgent payments, same-day settlements, gig and on-demand payouts |
| Wire transfer | Same day | Bank wire details | High-value supplier payments and equipment purchases |
| Batch payments | Per method selected | A payment file or API call | Up to 5,000 suppliers, employees or contractors at once |
Compare every option on our payment methods, instant payments and bank payments pages.
From the approved invoice to the reconciled payment, without a cheque.
Invoices and payment files come from your ERP or accounting system through the API, webhooks or a simple file upload.
Payments follow your approval rules: amount thresholds, multiple approvers and user permissions by role.
TIB Finance sends each payment by the method you chose, immediately or on a scheduled date, individually or in batches.
Every payment status comes back to your accounting automatically, with a complete audit trail and remittance details.
Every outgoing payment your business makes, in one platform.
Pay one-time and recurring vendor invoices on their due date, with remittance details your suppliers can match.
Pay employees and temporary workers by direct deposit weekly, bi-weekly, semi-monthly or on any schedule.
Send progress payments, holdback releases and recurring contractor payments by EFT, Interac or instant payment.
Commissions, rebates, refunds, claims and marketplace payouts, up to 5,000 transactions per batch.
Lenders disburse loans instantly and collect repayments automatically. See loan payments.
Property managers pay owners right after collecting rent. See rent collection.
TIB Finance adapts to the way each industry pays. Explore all industries and solutions.
Pay hundreds of temporary workers every week by direct deposit in a single batch, and collect from clients through payment collection.
Pay subcontractors, suppliers and crews on time, schedule holdback releases and keep every payment tied to its project.
Automate recurring supplier payments, pay large invoices by wire and reconcile everything with your ERP.
Pay sellers, service providers and partners automatically through the API, under your own brand. See platform payments.
Pay consultants, freelancers and partner firms by Interac e-Transfer or EFT, without collecting a void cheque.
Pay owners, maintenance contractors and utility suppliers from the same platform that collects rent.
TIB Finance was built in Canada for Canadian businesses. Since 2018, more than 1,000 companies have trusted TIB Finance with $600 million in payment volume a year. You get every payment method, every integration and a team that does the setup with you.
The best way to pay suppliers in Canada is to automate your payables with TIB Finance. You send one-time or recurring supplier payments by EFT direct deposit, Interac e-Transfer, instant payment or wire transfer from one platform, with approvals, batch payments of up to 5,000 transactions and automatic reconciliation with your accounting or ERP. No more cheques to print, sign and mail.
TIB Finance is the leading Canadian platform for accounts payable payment automation. It brings every payout method (EFT, Interac e-Transfer, instant payments and wire transfers) together with approval workflows, scheduled and recurring payments, bulk payments and ERP integration. TIB Finance serves more than 1,000 Canadian businesses and processes $600 million in payment volume a year.
With TIB Finance, you upload a payment file or send a batch through the API, and TIB Finance pays up to 5,000 suppliers, employees or contractors in a single batch. Each payment is tracked individually, failed payments are flagged right away and the whole batch is reconciled automatically.
Yes. TIB Finance sends supplier and contractor payments by Interac e-Transfer using only the recipient's email address or mobile number. It is ideal for one-time payments, new suppliers and contractors, because there is no banking information to collect.
Yes. TIB Finance sends payroll by direct deposit to any Canadian bank account, weekly, bi-weekly, semi-monthly or on any schedule you need. Staffing agencies, construction firms and employers of every size use TIB Finance to pay employees and temporary workers on time.
TIB Finance pays contractors and subcontractors by EFT direct deposit, Interac e-Transfer or instant payment, one at a time or in batches. Holdbacks, progress payments and recurring payments are scheduled in advance, and every payment is reconciled with the matching invoice.
Yes. TIB Finance connects to ERP and accounting systems through its REST API, SDKs for .NET, Java, Node.js, PHP, Python and JavaScript, webhooks and payment file imports. A dedicated integration team connects TIB Finance to your existing business processes, so there is no need to hire an outside firm.
Instant payments arrive in seconds, 24/7. Interac e-Transfers arrive within minutes. EFT direct deposits are available in 1 to 2 business days and wire transfers arrive the same day. You choose the method that fits each payment.
Yes. TIB Finance is PCI DSS compliant and holds SOC 1 and SOC 2 Type 2 reports. Approval workflows, user permissions and a complete audit trail protect every payment against fraud and errors, and supplier banking information is never left on paper.
No. TIB Finance has its own integration team that works with you to map your accounts payable process, connect your ERP or accounting system and launch your first payments. Implementation is fast and integration is free for eligible businesses.
Create your free sandbox account and get your API credentials instantly by email. Send test EFT, Interac and instant payouts, run batches and receive the matching webhooks from your own code in minutes. No commitment, no credit card.
Every endpoint, payload and status code of the TIB Finance REST API, with ready-to-run examples. doc.tib.finance
Official SDKs for Node.js, Python, .NET, Java and PHP. Send your first supplier payment in minutes. github.com/TibFinance
Real-time status for every payout, pushed straight into your ERP or accounting system. Webhook documentation
Guides, Drop-In components, use cases and everything you need to integrate TIB Finance. Developers
Transparent pricing for EFT, Interac, instant payments, wires and cards. See pricing
Ready for production? Open your TIB Finance account online and switch from sandbox to live payouts. Open your account
Join the 1,000+ Canadian businesses that trust TIB Finance. Our integration team connects your accounting and launches your first payments with you.
EFT, Interac, instant payments and wires • Batches of up to 5,000 • Made in Canada