Set up pre-authorized payments

Pre-authorized payments are a convenient and hassle-free way to ensure your regular and expected bills are paid on time, every time. They’re a great choice if you want to avoid unwanted late-payment penalties and would prefer not to have to manually pay your recurring bills. Plus, they can even help you maintain and improve your credit score.

Download a pre-authorized payment form (PDF, 44KB)

How to set up a pre-authorized payment from a Vancity bank account

Pre-authorized payments are set up with your service provide. You can usually find setup instructions on the back of your bill or you can contact them directly. You’ll need to provide them your account information:

• You full name and address as it appears on your account statements
  
  
• Vancity’s Financial Institution Number: 809
  
  
• The account number you’d like your pre-authorized payment to be paid from
  How to find your account number
  
  
• Your transit number
  How to find your transit number
  
  
• Your branch address
  Find your branch’s address
  
  
• Void cheque (if applicable)
  Some service providers may ask for a void cheque to set up pre-authorized payments. In many cases the service provider will accept your account information in place of a void cheque. If you already have a cheque, simply write “VOID” in large letters across the face of a cheque. If you must provide a cheque and don’t have one, here’s how to order cheques from Vancity.

Eligible accounts and pre-authorized payment transaction fees

Many of our personal and business banking accounts are eligible for pre-authorized payments, and you have options when it comes to what fees you’ll pay—or won’t have to pay:

• For personal banking:
  If you’re planning on setting up a pre-authorized payment from a personal banking account, we recommend you do so through either a Chequing Plus, or E Package Chequing Both of these accounts incur no fees for pre-authorized payment transactions.
  
  See Personal Service Charge Bulletin for eligibility and fees
  
  
• For business banking:
  Pre-authorized payment transactions from eligible business banking accounts incur fees starting at as little as $0.75 per transaction.
  
  See Business Service Charge Bulletin for eligibility and fees

What Vancity members use pre-authorized payments for

Vancity members typically set up pre-authorized payments for their regular and expected bills, like:

• Monthly hydro bills
• Strata payments
• Car insurance
• Gym memberships
• Property taxes

Have a question about pre-authorized payments?

We’re here to help. Please contact us and we’ll make sure you get the information you need.