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Email this12:48 pm
March 14, 2023
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All that plus the numbering convention has been around for decades and, when started, the idea of providing a full account number for electronic transfers was likely not on anyone's radar. Changing now would be a nightmare for FIs and customers.
I'm old enough to recall hand written entries in a passbook. And having one bank account as being the norm.
12:51 pm
February 7, 2019
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Wrayzor said
All that plus the numbering convention has been around for decades and, when started, the idea of providing a full account number for electronic transfers was likely not on anyone's radar. Changing now would be a nightmare for FIs and customers.I'm old enough to recall hand written entries in a passbook. And having one bank account as being the norm.
And we all insist on backward compatibility!
| CGO |
5:35 pm
April 6, 2013
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Direct deposit routing is fine. The institution, transit, and account numbers combined unqiuely identifies the account.
Problem is the person provided CRA with the wrong transit number. No different than someone providing an incorrect property roll number to their bank's online bill pay service and paying someone else's property tax.
6:53 am
February 20, 2013
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UPDATE: CRA insists that FI should have rejected the deposit. CRA says they will recover total funds from FI (not the account holder) and then auto deposit funds to DIL (corrected account details). DIL still waiting for funds.
This is good news and will be very good news when the funds are actually received by DIL. I will update when the funds are received.
7:54 am
October 27, 2013
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That is indeed encouraging!
9:50 am
February 20, 2013
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UPDATE: Happy to advise that DIL has received the funds that were deposited in error to another account. I think she is very, very fortunate to have received the funds in this scenario. 
Kudos to CRA in this instance.
7:56 pm
November 21, 2022
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Good news! And fortunate indeed.
Pirithous
"Sometimes I do what I want to do. The rest of the time, I do what I have to."
5:48 pm
January 12, 2019
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frugal lady said
UPDATE: Happy to advise that DIL has received the funds that were deposited in error to another account. I think she is very, very fortunate to have received the funds in this scenario.
All's Well, That Ends Well And it's a Good Reminder for us All ... check everything Twice (or more),
before hitting ENTER.
- Dean
" Live Long, Healthy ... And Prosper! "
5:34 am
March 30, 2017
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Its a good ending but I also think its because the OP's DIL got lucky and got a passionate CRA staff who is willing to pursue to have it fixed (vs someone who just go lazy and says it cant be reversed and pointed at the bank)
1:44 pm
March 15, 2019
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Whew! I recently got a direct deposit from the CRA. All good.
You can go to "My Account" on the CRA website and check your bank direct deposit info to ensure its accuracy.
Question: Were CERB payments direct deposited?
1:52 pm
February 7, 2019
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COIN said
Whew! I recently got a direct deposit from the CRA. All good.You can go to "My Account" on the CRA website and check your bank direct deposit info to ensure its accuracy.
Question: Were CERB payments direct deposited?
Yes they were. I believe everything goes Direct once you serup Direct Deposit.
And, whenever a change is made to your account, you immediately get an email. Your current email is also notified if it's replaced with a new one.
| CGO |
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