Canada Savings Bonds

Enroll in direct deposit

Redemptions and annual interest payments can be electronically deposited into your bank account. Here’s how to set it up.

Requests for changes to Direct Deposit information are not accepted by phone.

For Payroll Plan Owners

Singe Plan Owners

Enroll online if you already have an online profile, or in writing.

Online

  1. Log in to CSB Online Services.
  2. Select Direct Deposit from the left navigation menu.
  3. Select Enroll Online (will appear if your plan is eligible).
  4. Enter your banking information.
  5. Select Continue.
  6. Review your banking information.
  7. Select Confirm.
Access to your online profile will only be available until May 2022.

In writing

  1. Complete the Change of Address and Direct Deposit (COADD) form.
  2. Fax or mail the completed form to Payroll Savings Program Customer Service.
For your protection, incomplete forms or forms with incorrect information will be rejected.

Joint and Third-Party Plan owners

  1. Complete the Change of Address and Direct Deposit (COADD) form.
    For Joint Plans, the bank account must be under the names of all plan owners, and the form must be signed by all plan owners.
  2. Fax or mail the completed form to Payroll Savings Program Customer Service.
For your protection, incomplete forms or forms with incorrect information will be rejected.

For Certificated Bond Owners and Registered Product Owners (Canada RSP and Canada RIF)

Enroll in writing.

  1. Complete the Change of Address and Direct Deposit Form and Guidelines (COADD).
  2. Fax or mail the completed form to Customer Service.

If funds are held in a Joint Plan, the bank account in which the funds are deposited must be in both owners’ names.