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.
Blank Direct Deposit Form With Cra In King
Category:
State:
Multi-State
County:
King
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
Form popularity
More info
A fillable direct deposit enrolment form (PDF format) is found below. 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.If you are unable to attach a check, please write your permanent address in the space where the check should be attached. Download the CRA Direct Deposit Form. Select "Set up direct deposit with Canada Revenue Agency. This form can only be used for direct deposit payments destined for domestic (Canadian) bank accounts that use standard routing information, i.e. 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.
