Producers from Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, and Yukon can use this form.
Frequently Asked Questions on AgriStability Direct Deposit Payments
Q1. What is an AgriStability direct deposit payment?
A1. An AgriStability direct deposit payment is an electronic transfer of your AgriStability payment directly into your chequing or savings account instead of mailing a paper cheque.
Q2. What are the benefits of direct deposit?
A2. The benefits of direct deposit are:
Convenience – Faster access to your money, as AgriStability payments go directly to your bank account.
Security – Direct deposit is fast, reliable and safe. AgriStability payments have virtually no risk of being lost, stolen or damaged.
Low-Cost – It costs the government pennies to do a direct deposit payment, compared to the cost of printing and mailing a cheque.
Q3. How do I register for AgriStability direct deposit payments?
A3. You must complete an AgriStability Direct Deposit Registration Form. If you are in Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, or Yukon, you can download a form or call us toll-free at 1-866-367-8506 to have one sent to you.
A5. All federal government departments are replacing paper cheques with direct deposits.
You will have to sign up for direct deposit to receive AgriStability payments.
Details on when the Government of Canada will be phasing out cheques are being finalized.
Q6. Do I have to open a new account for AgriStability direct deposits?
A6. You may use an existing chequing or savings account. You do not have to open a new account for your AgriStability payments.
Q7. Can my AgriStability payments be deposited into a joint chequing or savings account?
A7. Yes, AgriStability payments can be deposited to a joint account. You will need to include the name of all account holders of the joint account on the AgriStability Direct Deposit Registration Form.
Q8. I want to use my savings account for AgriStability direct deposits. How do I determine my financial institution account information?
A8. You need to visit your financial institution to get this information. Additionally, your financial institution must stamp the form.
Q9. Can my AgriStability payments be deposited to my AgriInvest account?
A9. No, AgriStability payments cannot be deposited into an AgriInvest account. The AgriInvest account can only be used for AgriInvest program purposes. Other types of deposits into the account are not permitted under the AgriInvest program authorities.
Q10. Where do I send my completed AgriStability Direct Deposit Registration Form?
A10. Send your form to:
AgriStability P.O. Box 3200 Station Main Winnipeg Manitoba R3C 5R7
Q11. I recently mailed a completed AgriStability Direct Deposit Registration Form. How can I verify that the form was received?
A11. Contact us toll-free at 1-866-367-8506.
Q12. How long will it take to process my form?
A12. Your direct deposit information should be processed within 30 days from the date we receive your completed registration form. If you are entitled to an AgriStability payment while we are processing your registration form, we will issue the payment to you by cheque.
Q13. What if I want to change my chequing or savings account in the future?
A13. You will need to complete another AgriStability Direct Deposit Registration Form with the new account details and send it to us.
Q14. Who do I contact if I have questions on AgriStability direct deposits?
A14. Contact us toll-free at 1-866-367-8506.
Q15. How can I be sure that my banking information will be protected when I register for direct deposit?
A15. The Government of Canada considers privacy and security of utmost importance in the issuance of payments.
Any information you provide to the Government of Canada in support of direct deposit is protected under the Government of Canada Privacy Act.
Access to your bank account is governed by your account agreement with your financial institution. Please consult with your financial institution for more information regarding security measures for accessing your bank account.