Re: Canada Balances and Sweep

From
Cheryl Cartwright <ccartwright@thekey.com>
To
Kate Goodrich <kate.goodrich@thekey.com>
CC
Timothy Thomas <tt@thekey.com>, Tim Thomas <tthomas@thekey.com>, Chuck Terlesky <cterlesky@thekey.com>, Sam Naffaa <hcao.accounting@thekey.com>, Laszlo Kovacs <laszlo.kovacs@thekey.com>, Trent Dillard <trenton.dillard@thekey.com>
Date
Wed, 17 Apr 2024 10
Folder
INBOX
Hi Kate,

The remaining clients tend to be those who are paying by e-transfer. Is
there a solution for these clients who wish to control
their payments rather than having them automatically deducted?
Similarly some banks still prefer to pay their clients invoices through
e-transfer. Any chance of Corporate opening one Canadian bank account for
all these clients to use that you could then transfer funds from there into
the JPM account?

Thanks,

Cheryl

On Wed, Apr 17, 2024 at 10:23 AM Kate Goodrich <kate.goodrich@thekey.com>
wrote:

> Good morning Canada leaders,
>
> Trent is OOO this week. As a reminder, please sweep excess balances over
> $10k to the JPM Canada Concentration account and provide updated bank
> balances at your earliest convenience.
>
> We appreciate your continued efforts on this and are eagerly approaching
> the final migration to JPM and the closing of these unintegrated accounts.
> With the final merchant processing transition underway and majority of
> deposits diverting to JPM, it is essential all remaining payments flow
> through the JPM environment and the official TheKey Payroll and AP
> processes. If you're experiencing any difficulty getting the last outflows
> over the finish line, please reach out so we can resolve without any
> interruption to the business.
>
> Thank you,
>
>
> *Kate Goodrich*
>
> Manager, Financial Analysis & Reporting
>
>
>

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