The Government of Canada is switching from cheques to direct deposit for all government payments.
What does this mean for you?
All payments that you would normally receive in the mail from the Government (GST/HST cheques, EI cheques, Canada Child Tax Benefit cheques, etc.) will now be deposited automatically into your bank account!
This is a way to receive your payments without having to deal with postal delay. This way, you get your money faster, and you can be sure that it will never be lost, stolen, or damaged. Also, if you move, your money will still be delivered to you (HOORAY!)
What’s a Government Cheque, you ask?
They usually look like this:
And they usually make you feel like this:
And they usually cause you to do this:
Allow us to enlighten you further…
Did you know…
Swedish banks have stopped manual cash-handling services altogether in 65-75% of their local branches. They say cash is out as Swedes rely on credit cards, the Internet and mobile phones to make all their payments.
Those crafty Swedes, they think of everything! It’s likely that North America will follow suit, since most of us are basically connected to the Internet at the hip.
RentMoola is aware of these economic updates and is here to make sure that you can get ahead of the curve with your rent payments. Sign up (free) for paperless, recurring payments and ditch those pesky, paper wasting cheques for GOOD!
For more information on how to sign up for direct deposit in Canada, go to this link http://www.servicecanada.gc.ca/eng/sc/direct-deposit/
And for more information on how easy it is to sign up with RentMoola go to this link
This has been another helpful tip from your friends at RentMoola!