Direct Deposit

 

 

 

 

 

 

Direct deposit, also known as preauthorized credit, is a convenient, fast and secure way to access your money.  It saves you time from having to visit the branch or ATM to deposit your cheque. With Direct Deposit, your money is immediately available to you — no matter what you are doing or where you are. iNova Credit Union can help you setup Direct Deposit for Government and Employer payments so you can enjoy these benefits:

• Convenient. Faster access to your money. Your payments will never be delayed by postal delays or other delivery issues.
 Free, Easy and Fast. Direct Deposit is easy to set up and free to use. Your payment is deposited directly into your bank account.
• Reliable. Your payment will always be on time, and your money and earned interest will be available right away.
• Secure.  Direct Deposit is reliable and safe. There is virtually no risk of your payment being lost, stolen or damaged.

 
Required Account Information

The direct deposit form needs your financial institution and account numbers. For members with cheques, these micr numbers are printed on the bottom of the cheque. For accounts without cheques, the required information is below.

1. The first three digits are the cheque number; do not enter this number.
2. The five digits that follow are the branch numbers. Our is 40493.
3. The next set of three digits is the financial institution number. Ours is 839.
4. The last set of digits is your bank account number.
a. Note: On the Government’s Direct Deposit form, the account number field is 12-digits. Credit union member numbers are only 8-digits in length. Avoid your form from being rejected by:
i. Using all 8-digits in your member number.
ii. Do not use any dashes.
iii. If your account number has a leading zero, it must be entered as part of the number.
iv. The account number has to left justified in the field (League Data reads only the first eight digits of the 12 digit field).

The form has spaces for 12 digits. |__|__|__|__|__|__|__|__|__|__|__|__| 

Enter your 8 digit number like this.| 0 | 1 | 2 | 2 | 4 | 1 | 0 | 9 |__|__|__|__| 


 

Managing Your Money

Use our convenient MemberDirect® electronic services to verify the direct deposit to your account; you can use your landline phone, mobile phone (older and newer models), computer or ATM.  You can also transfer funds, pay bills and perform other transactions.   Learn More

 

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