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Direct Deposit: How To Set Up Direct Deposits or Pre-Authorized Debits

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0% found this document useful (0 votes)
153 views1 page

Direct Deposit: How To Set Up Direct Deposits or Pre-Authorized Debits

Ddf td
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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TD Canada Trust

How to Set up Direct Deposits or Pre-Authorized Debits

Customer Name
MR ROBERT CLAY

Transit No. Inst. No. Account No.


0 0 1 6 5 0 0 4 6 6 9 9 1 0 9

Use the account details provided to set up Direct Deposits and Pre-Authorized Debit Payments.

Direct Deposit
Direct Deposit is the most convenient way to receive recurring deposits (i.e. pay, pension, government payments, annuity,
interest, etc.) with immediate access to funds. There are no holds on your funds or a need for special trips to your local branch
or ATM to deposit your cheques.

To set up a Direct Deposit with the federal government:


1. Visit www.directdeposit.gc.ca for a Government of Canada Direct Deposit enrolment form and use your account
information from the fields above when completing the form.
2. If you do not have a cheque to void, have your local TD Canada Trust branch stamp the enrolment form.
3. Once complete, mail the enrolment form to the address provided.
Note: Additional information may be required on the form such as your Social Insurance Number or date of birth. The form
includes a toll free number for support with completing the form.

To set up a Direct Deposit with your employer:


1. Provide your account information from the fields above to the payroll department of your employer or company pension
provider.

Pre-Authorized Debit (PAD)


A Pre-Authorized Debit (PAD) is an automatic withdrawal taken directly from your TD Canada Trust account by a company or
financial institution that you have authorized to do so. PAD is a great way for you to save time with bill payments (i.e. utilities,
credit cards) you pay by mail, at the ATM, in branch or by phone; and may help you avoid late fees.

To set up a PAD:
1. Call or visit the website of the company you wish to set up a Pre-Authorized Debit (PAD) with to obtain a PAD
Agreement and use your account information noted from the fields above when completing the Agreement.
2. If the company allows for online form submission on its website, you will need to first register for its website and
should follow the instructions provided.
Note: If your billing company accepts Visa Debit in Canada (or Visa internationally) and you have the enhanced TD Access
Card, setting up a PAD will be easier than ever! Simply provide them with the card's 16 digit number in place of the
account information noted above.

534122 (0114)

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