Five direct deposit facts

Question number two: Does direct deposit allow the government to take money from my bank account?

Fact: No! When you enrol in direct deposit, you don't authorize the government (or anyone else) to withdraw money from your bank account. The information can only be used to deposit money into your account.

Question number three: Will direct deposit still allow me to go to the bank?

Fact: Yes! After you've enroled in direct deposit, you can still visit your bank to withdraw cash, check your balance, pay your bills, etc. The only thing you'll no longer need to do is deposit your Government of Canada cheque. It will already be in your bank account!

Question number four: Does using direct deposit mean the government can monitor my bank account?

Fact: No! By enroling in direct deposit, you don't give the government permission to monitor your bank account. The information you provide for direct deposit is protected under the Privacy Act and access to your account is protected by your agreement with your bank.

Question number five: Without receiving a cheque, will I know that I have received a payment?

Fact: Yes! Switching to direct deposit will not change your payment schedule. Your money will be deposited into your account on the same day that your cheque would be cashable. You can also check your account balance at any time at the bank, at an ATM, online or over the phone.