Your direct deposit will expire on the Student Service Centre (SSC) after five years. If your direct deposit expires, you will need to re-enter your banking information.
Setting up direct deposit
Before you set up direct deposit
Be extra careful when adding your banking information. Make sure your mailing address on the Student Service Centre (SSC) is valid and up to date with a postal code or zip code. This will prevent errors and avoid delays processing your funds.
How to set up direct deposit
To set up direct deposit, you will need a chequing account at a Canadian financial institution.