Notice: If you are a merchant processing transactions through PSP Services Inc. or PSIGate, communications were sent to inform you that we will no longer be your acquiring financial institution as of August 5, 2024. For questions and/or support on relocating to a new payment process service, please contact [email protected]
Attention: Si vous êtes un commerçant et effectuez des transactions par l'intermédiaire de PSP Services Inc. ou de PSiGate, veuillez noter que plusieurs notifications vous ont été envoyées pour vous informer que nous ne serons plus votre institution financière acquéreuse à partir du 5 août 2024. Pour toute question et/ou assistance concernant la migration vers un nouveau service de traitement des paiements, veuillez contacter [email protected]
Confirmation of Down Payments & Requirements
| Down Payment Source | Requirements |
| Savings Account | Bank Account Statements from the last 90 days |
| Redemption of Investments | A copy of a bank statement showing the funds being deposited and a copy of the investment withdrawal |
| Funds that are gifted | Gift Letter & Proof of correlating deposit into Account (Note: A gift letter must come from an immediate family member) |
| RRSPs | RRSP statement for the last 90-days and evidence of the RRSP withdrawal |
| Funds coming from an existing credit facility at another Financial Institution | Evidence of sufficient credit availability – bank or loan statement |
| Funds coming from a new credit facility at another Financial Institution | A copy of new loan agreement / commitment letter |
| Sale of Existing Property | A copy of the accepted sales Agreement |
Forms & Purposes
| FORM | PURPOSE |
| Profile Form – Entity | For KYC purposes and confirmation of ownership, control and structure including Beneficial Owners, Directors |
| WHO: | Corporations or other entities |
| Profile Form – Individual | For KYC purposes and Identification of Individual Borrowers, and signing officers. |
| WHO: | Individual Borrowers |
| Profile Form – Family Trust | For KYC purposes and confirmation of ownership, control and structure including Trustees, Settlors, Beneficiaries |
| WHO: | Trusts |
| Profile Form – Widely Held Trust | For KYC purposes and confirmation of ownership, control and structure including Trustees, Settlors, Beneficiaries. |
| WHO: | Widely Held Trusts – Publicly Held Trusts – IE: REITs |
| Third Party Form | To collect KYC detail for third parties (Persons or other entities) when borrowers are acting on their instructions. |
| WHO: | An individual or entity, other than the account holder, who gives instructions about the account. |
| PEP Form | For clients who acknowledge PEP Status |
| WHO: | Politically Exposed Persons (PEP) |