Payment Resources

PAYMENT RESOURCES

Overview

An automated clearings house (ACH) is a computer network that provides electronic processing and settlement of domestic transfers between accounts maintained across different Financial Institutions (FI).

If your salary is automatically deposited to your account each month,it’s probably done via the ACH if your account is not at the same FI as your employer.

When you send a local funds transfer across FI to a friend, a family member or a business via your bank’s mobile application or internet banking, it’s probably done via the ACH.

When you write a cheque to someone who banks at a different financial institution and you see it debited from your account within a few hours, it’s done via the ACH.

If you see your monthly insurance payment automatically debited from your account and applied to your premium, it’s probably done via the ACH.

These are just some of the ways that citizens and business across the ECCU use and benefit from the services of the Automated Clearing House (ACH).

Direct Deposits

Direct deposits allow companies to deposit funds directly to a beneficiary account regardless of which bank they do business with.  This is how many people are paid.  Employers request their bank to make direct deposits to their employee accounts at various banks and the payment and settlement of these funds are processed across the ACH.  This allows employees to be paid in a timely and efficient manner.  This process can also be used for other types of reimbursements and payments.

Direct Payments:

Direct payments are an electronic transfer to make payments from one party to another.They allow you to make payments for invoices, to pay your bills, tuition, send funds to a friend, a family member or even donate to your favourite charity.  Payments are fast and efficient and are often completed on the same day, if processed within the cut-off times set by your financial institution and the ACH.

Direct Debits

Direct debits allow insurance companies, utilities, banks and other institutions to automatically debit your account for payments due to them.  To facilitate this, you just have to make an agreement with them to collect the funds due on a particular date and the rest is handled by them, the commercial banks and the ACH.

While direct debits are not currently active on the ECACH, they are so useful, we hope to have them available soon.

 

Making a Payment via the ECACH

To complete a payment via the ECACH, you must provide your Financial Institution with the following information:

  • • Beneficiary Name
  • • Beneficiary Account Number
  • • Beneficiary Bank of account
  • • Beneficiary Branch of account
  • • The Beneficiary Account Type (Savings or Chequing)
  • • The amount you wish to transfer

In addition to the above, your Financial Institution may request additional information for compliance (KYC/AML) purposes.  They may also have specific instructions for completing payment instructions via their online or mobile platforms.

Please contact your Financial Institution for additional details on sending payments via the ECACH or on other ACH service options.

PAYMENT RESOURCES

Electronic Funds Transfers

PAYMENT RESOURCES

Cheque Clearings

Cheque Truncation:

Cheque truncation allows the digitisation of a physical cheque so that it can be exchanged and settled electronically via the ACH.  Copies of the cheque images become legal representations of the physical items and are exchanged between the presenting and drawee banks electronically.  This eliminates the need to transfer physical instruments between branches and reduces the clearing cycle from days or even weeks to within 24 hours in most cases; even across territories within the ECCU.

Overview of how it works:
  • • Stan (Originator) wants to make a payment to his cousin Jeff (Receiver/Beneficiary).
  • • Stan initiates the payment with his financial institution (Originating Depository Financial Institution – ODFI) using his mobile app, internet banking or in-branch.
  • • Stan’s bank (ODFI) transmits his instructions via the ACH.
  • • Based on the data entered, the ACH routes the instructions to Jeff’s bank (Receiving Depository Financial Institution – RDFI)
  • • Jeff’s bank (RDFI) will credit Jeff’s account making the funds from Stan available to him.
Cheque Standards

Cheque standards adhere to the Canadian Payment Association (CPA 006). If your cheques do not meet these standards, please contact your bank to have them replaced.

Front of Cheque:

  1. 1. Date
  2. 2. Customer / Company Name and Address
  3. 3. Name of the payee
  4. 4. Amount in Words (Legal Amount)
  5. 5. Amount in Figures
  6. 6. Bank Name and Address
  7. 7. Memo
  8. 8. Signature
  9. 9. MICR

 

Back of Cheque:

  1. 1. Payee Endorsement Area
  2. 2. Payee Bank Endorsement Area (Teller Stamp)
  3. 3. Additional Endorsement Area

 

Sizes

  • Cheque size must be within the range from 7” (length) x 2.75” (height) to 8.75” (length) x 3.667” (height)
  • Cheque paper sizes and characteristics are required to comply with ANSI cheque standard No. X-9
  • Image Exchange – X9.100-187
PAYMENT RESOURCES

Routing Numbers

Anguilla

FINANCIAL INSTITUTION FI NUMBER BRANCH TRANSIT BRANCH EFT ROUTING NUMBER
National Commercial Bank of Anguilla Limited 038 00001 St. Mary’s Street 000010388
Republic Bank (Anguilla) Limited 072 10101 The Valley 101010724

Antigua & Barbuda

FINANCIAL INSTITUTION FI NUMBER BRANCH TRANSIT BRANCH EFT ROUTING NUMBER
Antigua Commercial Bank Limited 069 00132 Thames & St. Mary’s Street 001320695
Caribbean Union Bank Limited 070 28201 Friar’s Hill 282010708
Eastern Caribbean Amalgamated Bank Limited 071 00000 Head Office 000000712
Eastern Caribbean Amalgamated Bank Limited (formerly Bank of Nova Scotia) 002 60335 High Street 603350021
18325 Wood’s Centre 183250023
First Caribbean International Bank Limited 010 09626 High Street 096260100
08016 ECI Operations 080160106
09141 St. John’s 091410104
24671 Old Parham Road 246710109
24681 Corporate Banking 246810106
27521 Small Business Banking 275210104
09002 Premier Banking 090020100
09258 Montserrat 092580101

Dominica

FINANCIAL INSTITUTION FI NUMBER BRANCH TRANSIT BRANCH EFT ROUTING NUMBER
First Caribbean International Bank Limited 010 09150 Old Street 091500108
09151 Portsmouth 091510101
27025 Corporate Banking 270250101
27525 Small Business 275250106
National Bank of Dominica Limited 020 50008 Hillsborough Street 500080203
Republic Bank (EC) Limited 072 20102 Roseau 201020724

Grenada

FINANCIAL INSTITUTION FI NUMBER BRANCH TRANSIT BRANCH EFT ROUTING NUMBER
ACB Grenada Bank Ltd. (Formerly RBTT Bank) 069 00140 Corner Cross & Halifax Street 001400696
035 09706 Grand Anse 097060121
09709 Grand Anse 097060120
09710 St. George’s University Campus 097100120
09716 Grand Anse 097160121
First Caribbean International Bank Limited 010 09270 St. George’s 092700101
09171 Grenville 091710105
09272 Carriacou 092720107
09473 Grand Anse 094730108
27026 Corporate Banking 270260104
27526 Small Business 275260109
Grenada Co-operative Bank Limited 023 00000 Head Office 000000233
Republic Bank Grenada Limited 035 60106 Carriacou 601060355
60206 Gouyave 602060354
60306 Grenville 603060353
60506 Melville Street 605060351
60606 Republic House 606060350
60806 Halifax Street 608060358
60706 Grand Anse 607060359

Montserrat

FINANCIAL INSTITUTION FI NUMBER BRANCH TRANSIT BRANCH EFT ROUTING NUMBER
Bank of Montserrat Limited 024 02011 Brades 020110242

St. Kitts & Nevis

FINANCIAL INSTITUTION FI NUMBER BRANCH TRANSIT BRANCH EFT ROUTING NUMBER
The Bank of Nevis Limited 031 00001 Charlestown 000010317
00002 NCCU 000020310
00003 Development Bank 000030313
BON Bank Ltd. – formerly RBTT Bank Limited 012 02600 Chapel Street 026000123
East Caribbean Automated Clearing House Inc. 101 00000 Bird Rock 000001012
Eastern Caribbean Central Bank 100 00000 Bird Rock 000001009
First Caribbean International Bank Limited 010 09251 Basseterre 092510100
27028 Corporate Banking 270280100
09152 Charlestown 091520104
27527 Small Business 275270102
Republic Bank (EC) Limited, St. Kitts and Nevis 072 30203 Basseterre 302030723
30103 Bird Rock 301030724
30303 Charlestown 303030722
St Kitts-Nevis-Anguilla National Bank Limited 021 00000 Head Office 000000217
00001 Nevis Branch 000010210
00002 Sandy Point 000020213
00003 Saddlers 000030216
00004 Pelican Mall 000040219

Saint Lucia

FINANCIAL INSTITUTION FI NUMBER BRANCH TRANSIT BRANCH EFT ROUTING NUMBER
1st National Bank St. Lucia Limited 033 10000 Bridge Street 100000337
Bank of St Lucia Limited 036 00000 Bridge Street 000000369
First Caribbean International Bank Limited 010 09386 Castries 093860105
09211 Bridge Street 092110102
09266 Vieux Fort 092660102
09104 Soufriere 091040105
24682 Corporate Banking 246820109
09102 Jeremie Street 091020109
09246 Bois D’ Orange Gros Islet 092460108
09703 Vieux Fort 097030106
27522 Small Business 275220107
Republic Bank (EC) Limited 072 50105 Castries 501050724
50305 Rodney Bay 503050722
50205 Vieux Fort 502050723

St. Vincent & the Grenadines

FINANCIAL INSTITUTION FI NUMBER BRANCH TRANSIT BRANCH EFT ROUTING NUMBER
Bank of St. Vincent and the Grenadines Limited (Formerly National Commercial Bank (SVG) Limited) 034 00000 Head Office 000000343
First Caribbean International Bank Limited 010 09756 Kingstown 097560100
24683 Corporate Banking 246830102
27523 Small Business Banking 275230100
09260 Halifax Street 092600104
1st National Bank of St. Lucia (formerly RBTT Bank – St. Vincent and the Grenadines) 012 01400 South River Road 014000122
01402 South River Road 014020128
Republic Bank (EC) Limited, St. Vincent 072 40104 Kingstown 401040724
FINANCIAL INSTITUTION FI NUMBER BRANCH TRANSIT BRANCH EFT ROUTING NUMBER
National Commercial Bank of Anguilla Limited 038 00001 St. Mary’s Street 000010388
Republic Bank (Anguilla) Limited 072 10101 The Valley 101010724
FINANCIAL INSTITUTION FI NUMBER BRANCH TRANSIT BRANCH EFT ROUTING NUMBER
Antigua Commercial Bank Limited 069 00132 Thames & St. Mary’s Street 001320695
Caribbean Union Bank Limited 070 28201 Friar’s Hill 282010708
Eastern Caribbean Amalgamated Bank Limited 071 00000 Head Office 000000712
Eastern Caribbean Amalgamated Bank Limited (formerly Bank of Nova Scotia) 002 60335 High Street 603350021
18325 Wood’s Centre 183250023
First Caribbean International Bank Limited 010 09626 High Street 096260100
08016 ECI Operations 080160106
09141 St. John’s 091410104
24671 Old Parham Road 246710109
24681 Corporate Banking 246810106
27521 Small Business Banking 275210104
09002 Premier Banking 090020100
09258 Montserrat 092580101
FINANCIAL INSTITUTION FI NUMBER BRANCH TRANSIT BRANCH EFT ROUTING NUMBER
First Caribbean International Bank Limited 010 09150 Old Street 091500108
09151 Portsmouth 091510101
27025 Corporate Banking 270250101
27525 Small Business 275250106
National Bank of Dominica Limited 020 50008 Hillsborough Street 500080203
Republic Bank (EC) Limited 072 20102 Roseau 201020724
FINANCIAL INSTITUTION FI NUMBER BRANCH TRANSIT BRANCH EFT ROUTING NUMBER
ACB Grenada Bank Ltd. (Formerly RBTT Bank) 069 00140 Corner Cross & Halifax Street 001400696
035 09706 Grand Anse 097060121
09709 Grand Anse 097060120
09710 St. George’s University Campus 097100120
09716 Grand Anse 097160121
First Caribbean International Bank Limited 010 09270 St. George’s 092700101
09171 Grenville 091710105
09272 Carriacou 092720107
09473 Grand Anse 094730108
27026 Corporate Banking 270260104
27526 Small Business 275260109
Grenada Co-operative Bank Limited 023 00000 Head Office 000000233
Republic Bank Grenada Limited 035 60106 Carriacou 601060355
60206 Gouyave 602060354
60306 Grenville 603060353
60506 Melville Street 605060351
60606 Republic House 606060350
60806 Halifax Street 608060358
60706 Grand Anse 607060359
FINANCIAL INSTITUTION FI NUMBER BRANCH TRANSIT BRANCH EFT ROUTING NUMBER
Bank of Montserrat Limited 024 02011 Brades 020110242
FINANCIAL INSTITUTION FI NUMBER BRANCH TRANSIT BRANCH EFT ROUTING NUMBER
The Bank of Nevis Limited 031 00001 Charlestown 000010317
00002 NCCU 000020310
00003 Development Bank 000030313
BON Bank Ltd. – formerly RBTT Bank Limited 012 02600 Chapel Street 026000123
East Caribbean Automated Clearing House Inc. 101 00000 Bird Rock 000001012
Eastern Caribbean Central Bank 100 00000 Bird Rock 000001009
First Caribbean International Bank Limited 010 09251 Basseterre 092510100
27028 Corporate Banking 270280100
09152 Charlestown 091520104
27527 Small Business 275270102
Republic Bank (EC) Limited, St. Kitts and Nevis 072 30203 Basseterre 302030723
30103 Bird Rock 301030724
30303 Charlestown 303030722
St Kitts-Nevis-Anguilla National Bank Limited 021 00000 Head Office 000000217
00001 Nevis Branch 000010210
00002 Sandy Point 000020213
00003 Saddlers 000030216
00004 Pelican Mall 000040219
FINANCIAL INSTITUTION FI NUMBER BRANCH TRANSIT BRANCH EFT ROUTING NUMBER
1st National Bank St. Lucia Limited 033 10000 Bridge Street 100000337
Bank of St Lucia Limited 036 00000 Bridge Street 000000369
First Caribbean International Bank Limited 010 09386 Castries 093860105
09211 Bridge Street 092110102
09266 Vieux Fort 092660102
09104 Soufriere 091040105
24682 Corporate Banking 246820109
09102 Jeremie Street 091020109
09246 Bois D’ Orange Gros Islet 092460108
09703 Vieux Fort 097030106
27522 Small Business 275220107
Republic Bank (EC) Limited 072 50105 Castries 501050724
50305 Rodney Bay 503050722
50205 Vieux Fort 502050723
FINANCIAL INSTITUTION FI NUMBER BRANCH TRANSIT BRANCH EFT ROUTING NUMBER
Bank of St. Vincent and the Grenadines Limited (Formerly National Commercial Bank (SVG) Limited) 034 00000 Head Office 000000343
First Caribbean International Bank Limited 010 09756 Kingstown 097560100
24683 Corporate Banking 246830102
27523 Small Business Banking 275230100
09260 Halifax Street 092600104
1st National Bank of St. Lucia (formerly RBTT Bank – St. Vincent and the Grenadines) 012 01400 South River Road 014000122
01402 South River Road 014020128
Republic Bank (EC) Limited, St. Vincent 072 40104 Kingstown 401040724
Read our FAQs
FAQs page
ECACH Volume and Value Statistics
The ECACH currently processes more than 6 million transactions per year with values exceeding $28 billion EC Dollars in 2021.

The total number of cheques continues to decline slowly, while the number of electronic funds transfers are increasing annually.

Note: EFT commenced in 2018 therefore no comparative data is available for 2016-1017

PAYMENT RESOURCES

Volume Data