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What's direct deposit and how do I set it up?

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Direct deposit is a convenient way to automatically put funds into a bank account. Your employer, a government agency or other financial institutions can deposit funds directly into your account for you. 

To set up a direct deposit, complete a direct deposit form and give it to those who make regular payments to you. A direct deposit form is available through online banking by completing the following steps:

  1. Sign on to online banking
  2. Select More Services on the left-side menu
  3. Under Moving Money select Set up direct deposits
  4. Follow the on screen instructions 
"SIMPLII FINANCIAL" and the SIMPLII FINANCIAL DESIGNS are trademarks of CIBC. "Simplii Financial" is a division of CIBC. Banking services are not available in Quebec.
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