Pre-Authorized Transactions

Pre-Authorized Deposits

Setting up automatic deposits is easy. Identifying the proper identification number is important so that these transactions process accurately and timely.

There are three identification numbers within the encoding on a cheque that are required to set up a pre-authorized transaction:

  • Transit/Branch
  • Institution
  • Account

Transit/Branch Institution Account

Pre-Authorized Withdrawal

Setting up a pre-authorized withdrawal or making a change is also easy. The options include:

  • Contact the receiving company directly
  • Most companies have on their websites the ability to set-up pre-authorized withdrawals online or a form may also be available OR
  • Contact our Member Service Centre at 1-855-220-2580 for assistance.

Always here to help.

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