Applications for EFT Purse Payments due March 1

Applications for EFT Purse Payments due March 1

TORONTO, February 20, 2024 – Woodbine Entertainment and Standardbred Canada are transitioning to distributing purse payments for all Ontario racetracks to Canadian residents through Electronic Fund Transfer (direct deposit), as of April 1, 2024.

All owners, trainers and drivers are reminded that the deadline to complete the EFT application is March 1, 2024.

EFT, commonly referred to as direct deposit, is the globally accepted best practice for payroll, and other forms of payment worldwide, including in security conscious industries such as banking and insurance. The EFT option for purse payments was launched in late 2022.

For horses owned or leased by more than one person or more than one stable, the first owner of record will receive the EFT payment, but all owners must complete the EFT submission form.

Sign-up can be done through Standardbred Canada’s Member Services.

For more information on the transition to the EFT process, please contact Standardbred Canada Member Services at 905-858-3060 x254 or email [email protected].

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Mark McKelvie
Mark McKelvie Sr. Manager Communications, Woodbine Entertainment

 

 

Horse Racing - SB
About Woodbine Entertainment

Woodbine Racetrack is Canada’s home the biggest and most exciting thoroughbred races. Located in Toronto, Woodbine Racetrack typically operates thoroughbred racing from April through December. Premier races include the longest continuously ran horse race in North America, The Queen’s Plate, Breeders Cup win and you’re in races the Woodbine Mile, Summer and Natalma Stakes, along with the fan-favourite Canadian International Stakes. 

Woodbine Entertainment
555 Rexdale Blvd. Toronto, Ontario.