The Simplii Financial direct deposit form is a pre-filled PDF you download from Simplii’s online banking under “More Services.” Sign in, pick the account you want paid into, generate the form, print it, sign it, and give it to your employer or other payer. The form already contains your name, transit number, institution number, and account number, so you rarely need to write anything except your signature.
Getting the Pre-Filled Form From Online Banking
The fastest route is Simplii’s online banking or mobile app. Sign in, open the account you want deposits sent to, and look for “More Services.” Inside that menu is the option to generate a pre-filled direct deposit form with your name, transit number, institution number, and account number already filled in.1Simplii Financial. Simplii Financial Direct Deposit Print it, sign it in pen, and it’s ready to hand off.
Select the correct account before you generate the form. Simplii’s No Fee Chequing Account is the default,1Simplii Financial. Simplii Financial Direct Deposit but the High Interest Savings Account can also receive direct deposits from employers, government agencies, and other financial institutions.2Simplii Financial. Simplii Financial High Interest Savings Account If you want your pay landing in savings, switch to that account first so the right transit and account numbers appear on the printed form.
What’s on the Form, and the Void Cheque Alternative
Every Canadian direct deposit setup relies on three numbers, and all three show up on the pre-filled form:
- A five-digit transit number identifying the branch tied to your account.
- The institution number, which for Simplii is always 010 (the same code used by its parent, CIBC).
- Your ten-digit account number. If a form asks for more digits than that, add zeros to the front until it fits.
You can also find these numbers on the bottom of a Simplii cheque, in your account details screen, or on a statement.3Simplii Financial. No Fee Mobile and Online Banking
If you’d rather skip the form, a void cheque does the same job. Write “VOID” in large letters across a blank Simplii cheque and give that to your employer. The transit, institution, and account numbers are already printed along the bottom.3Simplii Financial. No Fee Mobile and Online Banking Most payroll departments accept either one.
Filling Out an Employer’s Own Form
Sometimes an employer hands you their own direct deposit authorization form instead of accepting yours. Enter the five-digit transit number, institution number 010, and your full account number. Check every digit against what Simplii’s online banking displays. A single wrong number can send your pay to someone else’s account, and recovering misdirected funds is not straightforward.
Make sure the name you write matches your Simplii records exactly. A mismatch between the name on the form and the name on your account can cause the payer’s payroll software to reject the setup. If you’ve recently changed your name, update it with Simplii before submitting anything.
Submitting the Form
Hand the signed form or void cheque to your employer’s HR or payroll department. Many organizations also accept a scanned copy through a secure HR portal or as an encrypted email attachment.1Simplii Financial. Simplii Financial Direct Deposit Some workplaces still want the physical original for identity verification, so ask your payroll contact what they prefer.
The form needs a handwritten signature. The CRA’s electronic signature policy applies only to a specific list of tax forms and does not extend to direct deposit enrollment.4Canada Revenue Agency. Using Electronic Signatures Print, sign with a pen, then scan if a digital copy is required.
CRA Direct Deposit Is a Separate Process
Getting Canada Revenue Agency payments into your Simplii account does not use the void cheque or the direct deposit form you’d give an employer. Instead, log into Simplii’s online banking or app and complete the CRA direct deposit registration built into the platform.5Simplii Financial. Set Up Canada Revenue Agency (CRA) Direct Deposit It asks for your name, date of birth, Social Insurance Number, and which Simplii account should receive CRA payments.
You can also register or update these details through your CRA My Account online. Phone signup is no longer available. A paper enrolment form is still accepted by mail, but processing can take three months or longer.6Canada Revenue Agency. Direct Deposit for Individuals Online is almost always worth the effort.
When Deposits Actually Start
After your employer receives the form, expect one to two full pay cycles before electronic deposits begin. You may still get a paper cheque during that window while the payroll system verifies your details. Some employers run a small test transaction first to confirm the account can accept deposits, usually a few days before your first real payment.
CRA direct deposit set up through online banking is faster and can take effect within a few business days for future payments.
If You Entered a Number Wrong
Errors typically show up as a missing or delayed payment. Under Payments Canada’s rules, an error correction can be made up to three days after the funds become available, and you can refuse an error correction made to your account within 90 days.7Payments Canada. Direct Deposit Contact Simplii immediately if a deposit is missing or a suspicious reversal appears. They can investigate and, in some cases, claw funds back from the wrong recipient.
The longer you wait, the harder recovery gets. The best insurance is checking your transit, institution, and account numbers one more time before you hand over the form.
A Note for U.S. Persons
Simplii is a Canadian institution, which triggers a U.S. reporting obligation for account holders who are U.S. citizens or residents. If the combined value of all your foreign financial accounts exceeds $10,000 at any point in the year, you must file a Report of Foreign Bank and Financial Accounts (FBAR) with FinCEN.8FinCEN. Report Foreign Bank and Financial Accounts A separate IRS rule under FATCA may require Form 8938 as well, with different thresholds depending on filing status and residence. Neither filing replaces the other.