Direct Deposit

A better way to get your money. The Government of Canada will increase the use of direct deposit by slowly phasing out federal government cheques by April 2016.

Why Choose Direct Deposit Payments?

  • Convenient — Faster access to your money. There is no risk of your money being held up as a result of unforeseen delivery issues.
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    Reliable — Your payment will always be on time, and your money can begin to earn interest right away.
  • Secure — Direct deposit is fast, reliable and safe. There is virtually no risk of your payment being lost, stolen or damaged.
  • Low-Cost — With fewer cheques to print and mail, we are saving Canadian taxpayers' money. The cost to produce a cheque is approximately 82 cents while a direct deposit payment costs about 13 cents.

Enjoy the benefits of moving to direct deposit now!


News Release - Government of Canada Increasing the use of Direct Deposit: Security, Reliability and Efficiency

Features - It's your money - Get it fast