Direct Deposit

Government Payments with Direct Deposit - It’s your money – Get it fast!

The Federal Government asked our credit union to help with their initiative to convert all of their payments by cheque to direct deposit by 2016.  The following payments are included:

  • Employment Insurance (EI)
  • Old Age Security (OAS)
  • Canada Pension Plan (CPP)
  • Public Service Pension 
  • Veterans Affairs Pension
  • War Veterans Allowance
  • Canadian Forces Pension
  • Goods and Services Tax(GST)/Harmonized Sales Tax (HST) Refunds and Rebates
  • Personal Tax Refunds
  • Corporate Income Tax Refund
  • Canada Child Tax Benefit (CCTB)
  • Universal Child Care Benefit (UCCB)
  • Federal Departments Accounts Payable


To read additional information on this initiative visit their website at:    Call 1-800-OCANADA if you have any questions about your Government payments.


How to Register Your Government Payments for Direct Deposit

Valley Credit Union understands that completing government forms can be overwhelming. Visit one of our  eight branches so we can help you complete and mail the form for you.  Or use your Government “ My Account” Online Service to enter the information from the comfort of your home.


Mailed Forms

The Direct Deposit form is completed and mailed to the Government, there are two form options:

  1. Government printed form with stamped envelope; these are available at our credit union branches.
  2. Online form or PDF fillable form.  These forms are completed online, printed, signed, inserted into an envelope and mailed. We can help you with these steps.
  3. If you prefer to do-it-yourself, here are the three links you need:

Government “ My Account” Online Service

The  Government departments listed below offer online My Accounts that require you to register and obtain a logon and password.  Logon to My Account, enter your direct deposit details and the Government instantly updates their systems; no waiting required.


Employer Payments with Direct Deposit

Ask your employer if direct deposit is available to you and what information is required to have your pay cheque automatically deposited into your credit union account.


Contact Us for more assistance or information


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