Direct deposit is a process where someone who is going to be paid on a recurring basis, such as an employee, or a recipient of a government entitlement or benefit program such as social security, is sent the payment owed to them into their checking or savings account. The reasons for doing this include:
- Instant access to the funds via an ATM or check card;
- A check can be lost or stolen anywhere between the sender and the intended payee;
- Payments made electronically can be less expensive to the payor.
Direct deposit eliminates mailing delays and alleviates the need to go somewhere to cash or deposit your check.
Direct Deposit Form For Cra In Bexar
Category:
State:
Multi-State
County:
Bexar
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
Form popularity
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Complete a new direct deposit enrolment form. Please do not use this form to provide change of address information.With direct deposit, you receive your tax refunds and benefit payments faster and securely, directly in your account at a Canadian bank or credit union. You can sign up for direct deposit to receive your payments from the CRA. You will need to find your banking information at the bottom of your personal cheques. If completing Part C of this form, account routing information can be obtained from the financial institution into which direct deposit payments are to be made. Get started with the CRA Direct Deposit demo. In this demo, you will learn how to enrol for direct deposit payments from the Canada Revenue Agency. Select "Set up direct deposit with CRA. Please select a CAD chequing or savings account into which you would like your Canada Revenue Agency payments deposited.
