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What are the advantages of direct deposit?

  • It's reliable - your payment will always be on time, and you can start using the money and earning interest right away.
  • It's secure - there's no risk that your payment will be lost, stolen or damaged.
  • If you're sick, on vacation or travelling, you will still get your payment automatically.
  • It saves money for Canadian taxpayers, since we have to print and mail fewer cheques.
  • It's confidential, since there's no cheque for someone to see how much money you get.
  • It's environmentally friendly because we use less paper and help save our forests.