You may choose one of three methods to receive proceeds from the online transaction process. The choice depends on your country of residence and the rules in your company. Please be aware that service fees may apply for some of these choices, and your personal bank may impose a charge for you to receive funds electronically or by wire.
You may receive proceeds using one of the following three methods:
- Cheque by mail – a cheque can be issued and mailed to the address on file in your Shareworks account.
- EFT (Electronic Funds Transfer) – for participants with Canadian bank accounts, you may complete an electronic funds transfer to deliver the proceeds to your bank account.
- ACH (Automated Clearing House) – for participants with US bank accounts, you may complete an Automated Clearing House payment to deliver the proceeds to your bank account.
NOTE: It is extremely important to enter your financial information accurately because EFT/ACH transactions do not have tracking numbers, and if a transaction is rejected by a bank, there may be a delay of 5 to 10 business days before the funds can be re-issued.
- Wire to account/International Wire Transfer – funds can be electronically wired to your bank account as specified during the transaction process.
NOTE: Wired funds can be easily tracked if there are any issues with your financial information. Proceeds are typically credited to your bank account shortly after the settlement date of your transaction.