What to love about direct deposits

Get paid faster

Say "goodbye" to cheques and delays. Get your paycheques on time, every time.

Access your cash right away

Get same-day access to your money and pay your bills with ease.

Keep your money secure

We've got your back with encryption technology and our security guarantee. Plus, there's no risk of lost or stolen cheques.

What is a direct deposit?

A recurring direct deposit is when money is automatically deposited into your account at regular intervals.

Examples of direct deposits:

 Paycheques
 Pension

 Disability payments
 Government deposits

How to set up direct deposits

Laptop showing how to set up direct deposits on your desktop computer

STEP 1

Sign on to CIBC Online Banking®.


STEP 2

Select the account you want to deposit your money into.


STEP 3

Select the “Void Cheque / Direct Deposit Info” link on your Deposit Account Details page. This will open your prefilled Account Information form.


STEP 4

Print or save your Account Information form, add your signature and the date and give it to your employer or provider.

Smartphone showing how to get your direct deposit information on your mobile device

STEP 1

Sign on to the CIBC Mobile Banking® App.


STEP 2

Select the account you want to deposit your money into.


STEP 3

Select “Account Info” to get your institution number, transit number and account number.


 You may need to download and fill out the Payroll, Direct Deposit, or Pre-Authorized Payment Form (PDF, 510 KB)Opens a new window in your browser to give this information to your employer or provider.

Set up direct deposits today