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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 personal banking services are provided by the direct banking division of CIBC. Banking services not available in Quebec.
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