Transcript for Benefits of direct deposit for retired Canadians and seniors video

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(A retired couple is shown walking through their flower garden and another couple sitting on a wooden swing in their backyard.)

When it comes to using new technology, (a daughter with her mother who had a stroke are also shown at the retirement residence) to make the most of their money, older Canadians can teach a thing or two to their younger fellow citizens (a man is shown by a backyard pond feeding fish).

(The word "Convenient" appears on a white screen.)

(A couple describes their experience with direct deposit while sitting in their flower garden. Mr. Beauchamp asks) "We’ve been retired for what now? A little over nine years." (Mrs. Beauchamp replies) "that’s for sure. Nice wonderful years. Right from the start, we asked that the pension cheques be deposited directly into our bank account." (The couple is shown enjoying refreshments in their backyard. Mr. Beauchamp states) "When we travel or if we’re sick, we don’t have to worry, the money is being deposited automatically. (Mrs. Beauchamp states) "We don’t have to walk to the community mailbox, get the cheque and then have to drive to the bank to deposit the cheque. (Mr. Beauchamp states) "we don’t have to worry about the money not being there, the cheques are deposited on a specific date so we always have the money to cover the withdrawals. It gives us a lot of free time to do whatever we like best for instance in my case I love gardening (Mr. and Mrs. Beauchamp are shown enjoying each other’s company and Mr. Beauchamp is shown gardening. Mrs. Beauchamp states) "and I have just more time to sit by the garden and enjoy what he has done."

(The word "Reliable" appears on a white screen).

(A daughter is shown sitting in a park with her mother who suffers from disabilities due to a stroke. Ms. Rousseau explains) "about four years ago, my mom had a stroke and it was a very difficult time in our lives. I had to manage her doctor’s appointments, I had to manage her personal affairs and she couldn’t organize her finances either anymore. (Ms. Rousseau is shown with her mother on a deck by the water.) So she was getting Canada Pension Plan, Old Age Security. She was getting income tax returns and she was getting Goods and Services Tax and Harmonized Sales Tax credits. So the first thing I did was I enrolled her for direct deposit and they were just going into her bank account. (Ms. Rousseau is shown in a park with her mother admiring flowers.) I didn’t have to worry about losing any cheques and I knew right away that they would be there on the same day every month and it was so reliable for me. (Ms. Rousseau is shown admiring family photos with her mother in her bedroom). That was one big thing that was off my list. It made my life really simple."

(The word "Secure" appears on a white screen).

(Mr. and Mrs. Laurier are shown sitting a table in a backyard. Mr. Laurier explains) "We’ve been living abroad for 32 years. (Mrs. Laurier states) "we moved away in 1982 and we moved to the Alabama Golf Coast where it’s always nice and warm. (Mr. Laurier states) "Alabama was in need of physicians then." (Mrs. Laurier explains] "we used direct deposit to manage our Government of Canada cheques. In the beginning, I preferred to have my cheques by mail. And then one time my cheque was lost so I immediately called and the person on the phone suggested I use direct deposit and I agreed. And we did it right there over the phone, it took just a few minutes. It was so easy and now I don’t have any problems with my cheques anymore."

(The two couples and the daughter with her mother are shown in various images in the garden and at the retirement residence.)

For more information on how to enrol in direct deposit, visit directdeposit.gc.ca or call 1‑800‑593‑1666 or speak with your bank teller at your financial institution.

(The words "directdeposit.gc.ca or call 1‑800‑593‑1666" appear on a white screen followed by the Government of Canada Wordmark).

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Benefits of direct deposit for retired Canadians and seniors video.