Direct deposit for businesses and individuals
The Government of Canada has announced that it is transitioning towards direct deposit as the primary payment method for all federal payments issued by the Receiver General.
As part of this initiative cheque stubs will no longer be printed starting the spring of 2015.
In order to receive direct deposits, recipients who currently receive payments by cheque are strongly encouraged to enroll in direct deposit by providing their banking information.
Why choose direct deposit?
Direct deposit is:
- Convenient – Payments will arrive in your bank account without mailing delays
- Reliable – Payments are always deposited safely
- Secure - No risk of your payment being delayed, misplaced, lost, stolen, or damaged
- Environmentally friendly – saves trees (paper), chemicals (ink), and lowers CO2 emissions (transportation)
Enroll in direct deposit
If you are currently receiving payments by cheque for goods and services or other (excluding benefit payments), you can enroll now.
Before you enroll
You will need to gather the following information, if applicable:
- your business name and address
- your Business Number (BN)
- a void cheque or your bank account information
- your email address
The easiest and most convenient way to sign up for direct deposit is to complete the Direct Deposit Registration Request form (PDF version, 1.0 MB) and mail it to:
Employment and Social Development Canada
CFOB Business Centre
140 Promenade du Portage, Phase IV
2nd Floor Mailstop 212
Gatineau, QC K1A 0J9
Modify your information
You must inform us of all modifications to be made to your account (financial Institution, branch transit number, account number) by filling out and mailing a new form.
Important information about your account
Until your completed form has been processed, you will continue to be paid by cheque. If you are changing any bank account, be sure to tell us about your new bank account. In addition, do not close the old bank account before we deposit the payment into the new bank account.
Note that direct deposit payments carry no stub information but a payment notification will be sent to the email address indicated on the request form. This notification will contain the amount of the payment, the invoice number (if applicable) and a description of the payment.
If you have any questions about Direct Deposit, call our Business Centre at 1-844-690-8360 or contact the Business Centre for direct deposit.
For more information on this government initiative, see Direct Deposit.
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