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  2. Canada Deposit Insurance Corporation - Wikipedia

    en.wikipedia.org/wiki/Canada_Deposit_Insurance...

    The Canada Deposit Insurance Corporation ( CDIC; French: Société d'assurance-dépôts du Canada) is a Canadian federal Crown Corporation created by Parliament in 1967 to provide deposit insurance to depositors in Canadian commercial banks and savings institutions.

  3. Interac - Wikipedia

    en.wikipedia.org/wiki/Interac

    Interac is a Canadian interbank network that links financial institutions and other enterprises for the purpose of exchanging electronic financial transactions. Interac serves as the Canadian debit card system and the predominant funds transfer network via its e-Transfer service.

  4. Routing number (Canada) - Wikipedia

    en.wikipedia.org/wiki/Routing_number_(Canada)

    Routing number (Canada) A routing number is the term for bank codes in Canada. Routing numbers consist of eight numerical digits with a dash between the fifth and sixth digit for paper financial documents encoded with magnetic ink character recognition and nine numerical digits without dashes for electronic funds transfers.

  5. What Is Direct Deposit? How It Works and How You Can ... - AOL

    www.aol.com/direct-deposit-works-set-181952941.html

    Direct deposit is a payment option where your funds are electronically transferred to your checking or savings account, eliminating a need for physical checks.

  6. What Are the Benefits of Direct Deposit and Automatic ... - AOL

    www.aol.com/benefits-direct-deposit-automatic...

    With direct deposit of your paychecks and automatic payment of your bills, you don’t need to worry about mail delays and shuttered bank branches. You can access the money faster, avoid missing ...

  7. How To Save Money by Splitting Your Direct Deposit ... - AOL

    www.aol.com/finance/save-money-splitting-direct...

    A split direct deposit gives you the ability to deposit your paycheck into multiple accounts. You can do this by depositing a percentage or set amount in your chosen accounts each pay period. Here ...