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What are the benefits of having my pension payment deposited directly to my bank account instead of receiving a cheque in the mail?

April 26, 2017bank account Benefits deposited directly payment Pension

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What are the benefits of having my pension payment deposited directly to my bank account instead of receiving a cheque in the mail?

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Direct deposit saves you a trip to the bank and ensures your payment is deposited on the payment date. It also avoids delays in receiving your payment during peak mailing periods (e.g. holidays, tax season), and ensures the security of your payment.