CRA Direct Deposit

CRA Direct Deposit Radius Credit Union
Sign up for CRA Direct Deposit through Online Banking

In light of COVID-19, and the introduction of the Canada Emergency Response Benefit (CERB), the Canada Revenue Agency (CRA) wants to make it easier for Canadians to sign up for its direct deposit service by creating an enrollment process that can be accessed through financial institutions.

Members are now able to securely transmit their direct deposit enrollment information to CRA through Radius Credit Union’s Online Banking.  With direct deposit, you will receive your tax refunds and benefit payments faster and directly into your Radius Credit Union account.

The following CRA payments can be received through direct deposit:

Sign up for CRA Direct Deposit through Online Banking

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

  1. Log in to online banking
  2. Click on ‘Account Services’ on the left sidebar
  3. Click ‘Set up CRA Direct Deposit’ on the main screen

Follow the prompts. This includes the following:

  1. After reading the information presented, click ‘Next’ at the bottom of the page
  2. Choose the account that you would like your CRA funds to be deposited into, then click the authorization box, then click ‘next’ at the bottom of the page
  3. Click ‘Submit’ at the bottom of the page

That’s it – you’re done!

Have questions or need some assistance with CRA Direct Deposit?

Avonlea: 306-868-4580

Ceylon: 306-454-2441

Ogema: 306-459-2266

Radville: 306-869-2215

Pangman: 306-442-2102

Torquay: 306-923-2177

Tribune: 306-456-2215

Frequently Asked Questions

What is a direct deposit payment?

Direct deposit is a secure electronic transfer of funds deposited directly into your account at Radius Credit Union, from Canada Revenue Agency. Direct deposit replaces the need to issue payments by paper cheque.

Why should I sign up for Direct Deposit with the Canada Revenue Agency (CRA)?

If you’re receiving payments from the Canada Emergency Response Benefit (CERB) or other CRA benefits, signing up for direct deposit ensures that you’ll receive payments faster than traditional mail.  

How do I set up Direct Deposit through Radius Credit Union?

  1. Log in to online banking
  2. Click on ‘Account Services’ on the left sidebar
  3. Click ‘Set up CRA Direct Deposit’ on the main screen

Follow the prompts. This includes the following:

  1. After reading the information presented, click ‘Next’ at the bottom of the page
  2. Choose the account that you would like your CRA funds to be deposited into, then click the authorization box, then click ‘next’ at the bottom of the page
  3. Click ‘Submit’ at the bottom of the page

That’s it – you’re done!

 
*If you would like someone to walk you through this process over the phone, please call your branch at:

Avonlea: 306-868-4580

Ceylon: 306-454-2441

Ogema: 306-459-2266

Pangman: 306-442-2102

Radville: 306-869-2215

Torquay: 306-923-2177

Tribune: 306-456-2215

Important: You will need to login to your “CRA My Account” the following business day to confirm that your direct deposit has been successfully set up.

Will I still receive cheques if I sign up for direct deposit?

No. Once you are enrolled for direct deposit, you will receive CRA payments such as benefits, credits and refunds directly to your account.

Is it safe to sign up for direct deposit?

In order to offer this direct deposit enrolment service, Radius Credit Union signed an extensive Terms of Use Agreement with the CRA, which obliges us to use consent and privacy statements with all our members who enroll in CRA direct deposit. By signing these consent and privacy statements, you will acknowledge and agree that: 

  • To facilitate your direct deposit enrolment with the CRA:
    • The CRA requires your name, bank account information, date of birth and social insurance number (SIN).
    • Radius Credit Union will provide to the CRA your name and bank account information as set out above, as well as the date of birth and SIN that we have on file for you.
  • Once the CRA has completed your direct deposit enrolment, the Receiver General will deposit any amounts to be paid to you by the CRA.

The Government of Canada considers privacy and security of utmost importance in the issuance of payments. Any information you provide to the Government of Canada when you enroll for direct deposit is protected under the Government of Canada Privacy Act and as described in Receiver General Payments (Personal Information Bank PWGSC PCU 712).

Why do I need to provide my Social Insurance Number (SIN)?

Social Insurance Numbers provide a unique identifier for every Canadian with the CRA. Providing your SIN number ensures the payment is made to the right person.

How long will it take to process my direct deposit enrolment or update through my financial institution?

Once you provide consent for your banking information to be shared with the CRA, your direct deposit information will be updated the following day. The CRA aims to process your direct deposit enrollment or information updates in one or two business days. Given the current environment, you may experience longer than usual processing times once the CRA receives your information from us.

How will I know that my direct deposit information has been updated?

If you are fully registered for CRA’s “My Account”, you can verify your direct deposit information through this online self-service portal.

How do I know that I have received my direct deposit payment from the CRA?

You can verify that the payment has been received by checking your account activity on your Radius Credit Union Online Banking, Mobile App, or statement. Your payment amount will be deposited directly into your 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. If you submit multiple requests to update your direct deposit information, the most recent enrolment you complete will become the account on file with the Canada Revenue Agency. Direct deposits will only be made into one account, at one financial institution.

Click here to sign up for direct deposit directly through the CRA website >>

If You Would Like to Request the CERB

*IMPORTANT NOTE: by registering for CRA Direct Deposit, you are only authorizing the CRA to make credits to your account. This form does not authorize them to make debits from your account.

**Please note that registering for Direct Deposit through Radius Credit Union's Online Banking does not register you for the CERB.**

If you would like to obtain the CERB benefit, you must apply for it directly on the CRA website beginning April 6.  Additional information and questions about the CERB can be found at the Government of Canada’s website.

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