Electronic Funds Transfer (EFT) is a payment method that allows funds to be moved to or from a bank account. In SEDAR+ a Pre-Authorized Debit (PAD) account is an account which is used for conducting EFT transactions. Each PAD account is assigned a unique reference number in SEDAR+ and has associated details such as financial institution, branch transit number, bank account number and currency information. For more information about a PAD account, click on the following link to Create, View or Maintain a Pre-Authorized Debit (PAD) Account.