Set up or change direct deposit
EI, CPP, OAS, tax refunds, and many benefits pay faster by direct deposit. Banking information must match the account holder; joint accounts may need extra confirmation at the bank.
Updates and delays
Changes can take one or more payment cycles. Keep old account open until the first successful deposit lands in the new one.
Direct deposit
All-services “Set up or change your direct deposit”.
Refer to Canada.ca for authoritative information.