BMO has added SimplePay as a ‘Payee’ enabling direct deposit funds ‘push’ rather than a ‘pull’ transaction reducing funds collection confirmation from 3 to 1 or 2 days. This will reduce direct deposit timeline from 4 to 3, sometimes even 2 days. To use this feature, contact us to update your account to direct deposit push setting. 

Simplepay.ca is now listed as a biller in RBC online banking. This changes the standard ‘pull’ transaction requiring a 4 day payment cycle to a 2 day ‘push’ transaction eliminating 2 days from the direct deposit payment timeline.