Direct Deposit
Direct Deposit
A convenient, safe, automatic way for depositing pay cheques, GST cheques, Child Tax Benefits, and other payments.
Benefits:
- Saves time with same day deposit.
- Worry-free in case of illness, vacation, travelling or inclement weather.
- Earns interest immediately, if savings account.
- NO risk of lost, stolen or damaged cheques.
CRA Direct Deposit
You can now log in to online banking to enroll in the Canada Revenue Agency’s Direct Deposit via Financial Institutions service to receive direct deposits for payments.
Direct deposit is a fast, convenient, and secure way to get your CRA payments directly into your account. Sign up now to receive your Canada Revenue Agency (CRA) payments via direct deposit, to receive your benefit payments sooner.
• Canada Emergency Response Benefit
• Income Tax Refund
• Goods and Services Tax/Harmonized Sales Tax (GST/HST) Credit
• Canada Child Benefit
• Canada Workers Benefit
Steps to Sign Up Through Online Banking
1. Log in to online banking.
2. Sign up for the CRA Direct Deposit.
3. First navigate to the sidebar and click on Account Services, then click on Set up CRA Direct Deposit. Click Next to proceed.
4. Select your account. You will be asked to select the account where your like to have your payments deposited to.
5. Terms of Service. Once you have agreed to the Terms of Services, click Submit on the Authorization Page.