To create a Disbursement to Fairstone, for the Disbursement type, select either Mortgagee or Loan/Unsecured Line of Credit.
Here's how to know which to use:
Loan/Unsecured Line of Credit
If the payout statement was sent from a Fairstone Branch and includes a fax cover sheet containing the branch number and city/location, and the footer reads © 2021, ™ ® Fairstone Financial Inc., select Loan/Unsecured Line of Credit as the Disbursement Type.
Select the specific branch from the Search Payee results.
The Payee will be listed as Fairstone Financial Inc., and funds will be paid by cheque, delivered the next business day.
TIP: If the branch does not appear in the Search Payee results, contact Customer Service at 1-888-417-4818 or via email at help@surefund.ca
Mortgage
If the payout statement received is a Mortgage Discharge Statement, and has a header including the text First National Financial LP, and First National Home Equity Secured Mastercard Issued by Fairstone Bank of Canada
The Payee will be listed as Fairstone Bank of Canada at 33 Yonge St, Toronto. Funds will be delivered via wire.