Canadian Bankers Association announced that Banks in Canada are working collaboratively with the Government of Canada to offer online enrollment of Canada Revenue Agency’s (CRA) direct deposit.
Direct Deposit is the easiest, and secure way to receive SIN‑based government benefit payments, including the new Canada Emergency Response Benefit (CERB). Canadians will be able to apply for the Canada Emergency Response Benefit (CERB) from April 6th.
According to the news release, Canadians should visit their bank’s website for information on how to enroll for CRA direct deposit or, for those already registered for the service with the CRA, update their account information. Payments can be verified by checking your bank statement or by logging into CRA’s My Account.
In addition to the big banks, other banks through which you can set up direct deposit include: Alterna Bank, Alterna Savings, ATB Financial, Coast Capital Savings Federal Credit Union, Desjardins, KOHO Financial, National Bank, Peoples Trust, Simplii Financial, STACK, UNI Financial, Cooperation, Vancity, and We Financial.
CRA is also adding Meridian Credit Union, motusbank and Servus Credit Union to the list. See CRA direct deposit page for more information.
KEEP IN MIND:
Neither the banks nor the CRA will ever send you an email, text or a link directing you to a page asking for your personal information to receive your benefit payment. These are scams and people should never respond to these fraudulent communications or click on any of the links provided. The direct deposit enrolment link is only available to you through your bank’s secured online or mobile banking channels.