How do I set up an automatic bill payment?

With so many bills to keep track of, it’s easy to forget a payment. You can set up automatic payments to ensure your bills are paid on time, every time, whether you remember them or not. There are 2 ways to set up an automatic payment:

Scheduled

(at a later date)

Recurring
1. Pre-authorized payment (set up with your vendor)
2. Scheduled bill payment (set up in online/mobile banking)

1. What is a Pre-authorized payment?

  • a regularly scheduled payment to a vendor from one of your accounts, usually monthly. Each month, the payment will be debited (paid) from your account
  • some popular vendors include: hydro and other utilities, loan payments, mortgage payments, credit cards, strata fees, insurance (ICBC), municipal taxes, etc. Learn more
  • To set it up, you need to obtain instructions from the vendor directly – you may need to submit a form by mail or online. The vendor will as for either a blank voided cheque or account details – such as your transit, financial institution, and account number.  To locate them, please refer to below.

2. What is a scheduled bill payment?

  • schedule a future-dated payment(s) on your own using online or mobile banking. Here’s how:
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