CRA Direct Deposit Enrollment

Manage your direct deposit information with the Canada Revenue Agency!

Applying for the Canada Emergency Response Benefit? Sign up for direct deposit now to ensure your benefit payments arrive sooner!

We can help you sign up for direct deposit or update your direct deposit information with the Canada Revenue Agency (CRA). We encourage you to use direct deposit to avoid any delays and receive your payments faster.

You can receive these CRA payments through direct deposit:

  • Income tax refund
  • Canada Child Benefit
  • Goods and services tax/harmonized sales tax (GST/HST) credit
  • Canada Workers Benefit
  • Related provincial and territorial payments
  • The new Canada Emergency Response Benefit

To sign up for direct deposit or update your personal details, simply follow these steps:

  1. Log in to Online Banking
  2. Click “Account Services”
  3. Click “Setup CRA Direct Deposit”
  4. Select account you’d like direct deposit to go to and fill out form
  5. Authorize YNCU to submit your direct deposit information to CRA
  6. Check your CRA My Account in 2-3 business days to check that your direct deposit was set up

This feature is available on the desktop version of Online Banking. If you need any assistance setting up this feature, contact our Service Excellence Centre.

 

Fraud Prevention

  • You can verify that a payment has been received by checking your banking statement on the account you used to sign up for direct deposit. Your payment amount will be deposited directly into the account.

  • You can also confirm that the payment was sent by the CRA by logging into CRA’s My Account.

  • The CRA will never send you an email, text or Interac e-transfer to a link asking for your personal information to receive your benefit payment or refund. These are scams and taxpayers should never respond to these fraudulent communications or click on any of the links provided.

  • Direct deposit helps reduce the risk of mail fraud and delays caused by a postal disruption.

Click here to read Frequently Asked Questions regarding CRA direct deposit enrollment.

 

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