Sign up for CRA direct deposit through your Westoba online banking!
CRA direct deposit allows you to receive tax refunds and benefit payments faster, securely, and directly into your Westoba account.
This option is available to Westoba members with a personal account.
Please note that registering for direct deposit is only signing up to have the funds automatically deposited into your account. Signing up for funding needs to be done through the government directly.
Frequently Asked Questions
You will need to have your SIN number for CRA to be able to validate setting up direct deposit through Westoba and ensure the money is going to the right person.
Direct deposit allows you to receive your payments from CRA conveniently and without delay. It’s a safe and reliable way to deposit your payment into your account. If you are receiving funds from the Canada Emergency Response Benefit, we recommend signing up for direct deposit to ensure you receive them as soon as possible.
You can change or cancel direct deposit through CRA My Account.
You can log in to your CRA My Account; once the forms processed, it will show up as your direct deposit on record.
If you are eligible, you can receive your Canada Emergency Response Benefit payments directly to your bank account.
You can also receive payments such as your income tax refund, benefits and credits such as the Canada child benefit (CCB), the goods and services tax/harmonized sales tax (GST/HST) credit, Canada workers benefit (CWB), and provincial and territorial payments such as the Ontario Trillium Benefit (OTB).
Once you provide consent for your banking information to be shared with the CRA, your direct deposit information will be updated by your financial institution the following day. The CRA aims to process your direct deposit enrolment 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 your financial institution.
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).
- Westoba 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 enrol 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).
For more information on direct deposit from the CRA, visit: https://www.canada.ca/en/revenue-agency/services/about-canada-revenue-agency-cra/direct-deposit.html