Paying by cheque
Cheque use is steadily declining as electronic alternatives gain in popularity, but Canadians still use close to a billion cheques each year.
Paying by pre-authorized debit
Pre-authorized debits (PADs) are a convenient way to pay bills and make other payments automatically. Instead of sending a payment, a company withdraws funds from your bank account.
Direct deposit is a fast, secure and convenient way to receive payments, an example of this is having your pay cheque deposited directly into your bank account.