I’m not sure of what my recommendation would be here yet. Just that
Etransfer payments from TK to any CGs won’t be an option anytime soon. So,
we’ll need to workshop that to discuss our options.
*From:* eclark@thekey.com <eclark@thekey.com>
*Sent:* Monday, November 25, 2024 4:06 PM
*To:* 'Laszlo Kovacs' <laszlo.kovacs@thekey.com>; 'Timothy Thomas' <
tt@thekey.com>
*Cc:* 'Lisa Barker' <lisa.barker@thekey.com>; 'Treasury Team' <
treasury@thekey.com>
*Subject:* RE: [EXTERNAL]FW: TheKey | Microdeposit Request (*URGENT*)
[C20241014BHJV6Y]
Are we talking about paying CAD CGs through the bank instead of through
Workday?
*From:* Laszlo Kovacs <laszlo.kovacs@thekey.com>
*Sent:* Thursday, November 21, 2024 8:57 AM
*To:* Timothy Thomas <tt@thekey.com>
*Cc:* Lisa Barker <lisa.barker@thekey.com>; Treasury Team <
treasury@thekey.com>; Elizabeth Clark <eclark@thekey.com>
*Subject:* RE: [EXTERNAL]FW: TheKey | Microdeposit Request (*URGENT*)
[C20241014BHJV6Y]
They are same day if processed by 5pm ET cutoff, but expensive. Think we
pay like $25 per.
*From:* Timothy Thomas <tt@thekey.com>
*Sent:* Thursday, November 21, 2024 10:54 AM
*To:* Laszlo Kovacs <laszlo.kovacs@thekey.com>
*Cc:* Lisa Barker <lisa.barker@thekey.com>; Treasury Team <
treasury@thekey.com>; Elizabeth Clark <eclark@thekey.com>
*Subject:* Re: [EXTERNAL]FW: TheKey | Microdeposit Request (*URGENT*)
[C20241014BHJV6Y]
Yes. How long do wires typically take?
On Thu, Nov 21, 2024 at 11:47 AM Laszlo Kovacs <laszlo.kovacs@thekey.com>
wrote:
Check or wire.
What are these advanced payments for? Are they payroll advances?
*From:* Timothy Thomas <tt@thekey.com>
*Sent:* Wednesday, November 20, 2024 1:34 PM
*To:* Laszlo Kovacs <laszlo.kovacs@thekey.com>
*Cc:* Lisa Barker <lisa.barker@thekey.com>; Treasury Team <
treasury@thekey.com>; Elizabeth Clark <eclark@thekey.com>
*Subject:* Re: [EXTERNAL]FW: TheKey | Microdeposit Request (*URGENT*)
[C20241014BHJV6Y]
Sure, what other mode is available?
On Wed, Nov 20, 2024 at 2:18 PM Laszlo Kovacs <laszlo.kovacs@thekey.com>
wrote:
Just a heads up that I received confirmation back from JPM that we will not
be able to initiate e-transfer out to CGs for now. They are working on this
functionality, but I do not have a timeframe.
Tim – Can we convince the CGs to accept advance payment via other mode of
transfer?
*From:* Timothy Thomas <tt@thekey.com>
*Sent:* Tuesday, November 19, 2024 8:50 AM
*To:* eclark@thekey.com
*Cc:* Laszlo Kovacs <laszlo.kovacs@thekey.com>; Lisa Barker <
lisa.barker@thekey.com>; Treasury Team <treasury@thekey.com>
*Subject:* Re: [EXTERNAL]FW: TheKey | Microdeposit Request (*URGENT*)
[C20241014BHJV6Y]
We will need to turn off auto deposit on the BMO account before going live
with the JPMC account. I'm off next week so one of your team members with
access to the BMO account will need to handle it.
On Tue, Nov 19, 2024 at 8:32 AM <eclark@thekey.com> wrote:
Thank you, Tim. Is this something you’ll do by reaching out to our old bank
to turn the service “off” or is this accomplished simply by providing JPMC
the email?
*From:* Timothy Thomas <tt@thekey.com>
*Sent:* Monday, November 18, 2024 7:53 AM
*To:* Laszlo Kovacs <laszlo.kovacs@thekey.com>
*Cc:* eclark@thekey.com; Lisa Barker <lisa.barker@thekey.com>; Treasury
Team <treasury@thekey.com>
*Subject:* Re: [EXTERNAL]FW: TheKey | Microdeposit Request (*URGENT*)
[C20241014BHJV6Y]
Works for me.
On Mon, Nov 18, 2024 at 10:35 AM Laszlo Kovacs <laszlo.kovacs@thekey.com>
wrote:
My vote is for 11/25, but will defer to Tim and when he wants to cutover.
*From:* eclark@thekey.com <eclark@thekey.com>
*Sent:* Monday, November 18, 2024 7:39 AM
*To:* 'Laszlo Kovacs' <laszlo.kovacs@thekey.com>; 'Timothy Thomas' <
tt@thekey.com>; lisa.barker@thekey.com; 'Treasury Team' <treasury@thekey.com
>
*Subject:* RE: [EXTERNAL]FW: TheKey | Microdeposit Request (*URGENT*)
[C20241014BHJV6Y]
*Importance:* High
Following up on this after seeing the response from CPT team, please review
and confirm the desired cut over date.
Elizabeth Clark
Director
*From:* eclark@thekey.com <eclark@thekey.com>
*Sent:* Friday, November 8, 2024 8:41 AM
*To:* 'Laszlo Kovacs' <laszlo.kovacs@thekey.com>; 'Timothy Thomas' <
tt@thekey.com>; lisa.barker@thekey.com; 'Treasury Team' <treasury@thekey.com
>
*Subject:* RE: [EXTERNAL]FW: TheKey | Microdeposit Request (*URGENT*)
[C20241014BHJV6Y]
Hi There-
Knowing Monday /Tuesday is our lowest eTransfer volume day, we can
transition on 11/25 or 12/2.
I’d recommend we plan to cut over on Monday 12/2 as opposed to the week of
the holiday, just in case we need support/we identify errors and there is a
ton of PTO across all organizations but open to feedback.
Elizabeth Clark
Director
*From:* Laszlo Kovacs <laszlo.kovacs@thekey.com>
*Sent:* Friday, November 8, 2024 7:01 AM
*To:* mitendra.itwar@jpmorgan.com
*Cc:* Gomez1, Jonathan <jonathan.gomez1@jpmorgan.com>; Treasury Team <
treasury@thekey.com>; Elizabeth Clark <eclark@thekey.com>; Etzel, Thomas J.
<THOMAS.ETZEL@jpmorgan.com>; Julie Cunningham <
julianne.cunningham@thekey.com>; Timothy Thomas <tt@thekey.com>
*Subject:* RE: [EXTERNAL]FW: TheKey | Microdeposit Request (*URGENT*)
[C20241014BHJV6Y]
Mitendra,
Excellent. Looking forward to getting into this. Thanks for the update.
Best,
*From:* mitendra.itwar@jpmorgan.com <mitendra.itwar@jpmorgan.com>
*Sent:* Thursday, November 7, 2024 9:13 PM
*To:* Laszlo Kovacs <laszlo.kovacs@thekey.com>
*Cc:* Gomez1, Jonathan <jonathan.gomez1@jpmorgan.com>; Treasury Team <
treasury@thekey.com>; Elizabeth Clark <eclark@thekey.com>; Etzel, Thomas J.
<THOMAS.ETZEL@jpmorgan.com>; Julie Cunningham <
julianne.cunningham@thekey.com>
*Subject:* RE: [EXTERNAL]FW: TheKey | Microdeposit Request (*URGENT*)
[C20241014BHJV6Y]
Hi Laszlo,
Thanks for reaching out, and happy to provide an update on the Interac
e-Transfer (Receive) pilot.
This weekend we are deploying an update to the product with the results
being reviewed by the middle of next week. If the update is successful we
will be able to share with you the forms on Friday November 15th or Monday
November 18th. Since there is no technical set-up required on your side
the pilot will be active once Interac completes the update.
Will provide further updates next week. Thanks!
Mitendra
------------------------------
*Mitendra Itwar, CPA, CTP * | Executive Director | Global Corporate
Banking – Subsidiary Banking Canada | *J.P. Morgan* |
66 Wellington St W, Suite 4500, Floor 45 | Toronto, ON, M5K 1E7 |
T: +1 416 981 2383 | mitendra.itwar@jpmorgan.com
<https://www.jpmorgan.com/commercial-banking>
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