The biggest myth about federal direct deposits
(NC)—Canadians who have yet to sign up for direct deposit of their federal government payments, such as the Child Tax Benefit or Canada Pension Plan, may think they need a computer or Internet connection when in actual fact all they need is a bank account.
By signing up to receive your cheques electronically, you're giving the federal government permission to deposit your cheques directly into your back account instead of sending paper cheques in the mail, which can take longer, especially in the event of a postal strike. Eighty percent of Canadians have already signed up for direct deposit and are now receiving their cheques faster, more securely and reliably than ever before.
Why not sign up for direct deposit yourself and get your federal government benefits without having to check the mail box or travel to your bank or financial institution once your cheques arrive. Something none of us wants to do during winter especially.
All you have to do is ask your bank or financial institution for a form and they will help you fill it in. If you have any questions about direct deposit, you can also call 1-800-O-Canada.
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