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Payroll Deduction Services

LCBO Employees

Payroll deduction is available to all LCBO employees under the following guidelines:

  1. Payroll deduction is available to permanent LCBO employees only. This includes PPT (Permanent Part Time), Managers, Full Time and Casual employees.
  2. Payroll deduction can be started for as little as $25 per pay.
  3. Changes can be made to deduction set up at any time through a simple phone call.
  4. Payroll deduction can be split among a number of different accounts – Platinum Savings, TFSA, RRSPs, Loans, PCA, etc. 

Honeywell Employees

Honeywell employees can have a paycheque directed whole or split to the credit union. Set up can be completed over the phone with a signature to the payroll department.

Shell, Allstream and other Employee/Members

All of the other groups – Shell, Allstream, etc. the employee/member can initiate payroll deduction through their individual payroll departments.

Set Up Your Payroll Deduction

or 1.888.560.2218

Other Options

Member Savings Credit Union can also set up regular transfers to/from other financial institutions. We can set up an automatic transfer that would debit or credit another FI on a regular basis (bi-weekly, weekly, monthly, etc.). Please contact us for more details.

Deposit Insurance

Protect Your Investments up to $250,000 
(unlimited for registered savings accounts)

The role of the Deposit Insurance Corporation of Ontario (DICO) is to protect depositors of Ontario credit unions. Deposit insurance is part of a comprehensive protection program in all Ontario credit unions, which is backed by provincial legislation.

Deposits include:

  • savings and chequing accounts;
  • term deposits, including index-linked term deposits;
  • guaranteed investment certificates (including registered & non-registered funds);
  • interest and dividends payable on deposits.

Every member of a credit union in Ontario is covered by deposit insurance. Deposits may be held in individual accounts, joint accounts, trust accounts, corporate accounts, partnership accounts and registered savings plans. Funds held in registered savings accounts (RRSPs, RRIFs, TFSAs) have unlimited deposit insurance coverage.

* Effective as of January 1st, 2018, coverage is now increased to $250,000 on deposits held in your name and $250,000 on deposits held jointly.

For further details of deposit insurance coverage, please refer to or you can call us for our FREE information booklet, which provides details and answers to many commonly asked questions.

Interac e-Transfer

The simple, secure way to transfer money from anywhere to anyone.

Send, request or receive money in a snap with Interac e-Transfer. All you need is an email address and an account at a Canadian financial institution. As a sender, you don't need to worry about figuring out where the person banks and they won't know where you do your banking, because all account details and financial institutions are kept confidential.

Whether you owe a friend for pizza, need to pay your share of the rent or expect to receive a payment from a customer, we've got you covered.

Start Using e-Transfers Today

or 1.888.560.2218

It's easy. 

There's no need to set up any new accounts, user IDs or passwords. As long as both parties have online banking accounts, all you need to send or receive money is the recipient's email address.

It's secure. 

When you send an Interac e-Transfer by email, the money never travels with the message. Instead, recipients receive an encrypted link to deposit the funds using their own banking credentials.

It's convenient.

With Interac e-Transfer, you can use any computer or mobile phone to send or receive money instantly by email. Whether you owe your friend, he owes you or they just don't take plastic, you'll never need to worry about carrying cash again.

It's quick.

Recipients are notified by email that they have received a payment within approximately 30 minutes from when the sender initiates the transfer.


Ways to use it

Interac e-Transfer is a quick and convenient way to transfer money for almost anything, such as:

  • Repaying money you borrowed from a friend
  • Sending cash to children at college or university
  • Transferring your share of rent to your roommate
  • Sending money in place of a gift
  • Paying the invoices of suppliers (on single and dual-signature business accounts)
See our Privacy and Security section for more information on how we keep your financial information safe.

® Trademark of Interac Inc. Used under license.


  1. Login to your online banking
  2. Create a profile with your email address, if you have not already done so
  3. Select 'Send Interac e-Transfer' under 'Transfers'
  4. Select a recipient, or add a new recipient profile, by entering the person's name or business name, plus an email address
  5. Create a security question and answer that only you and the recipient know
  6. Add a personal message (optional) but don't include the answer to the security question
  7. Select an account from which to make the transfer and enter the amount
  8. Send the Interac e-Transfer (your account will be debited the transfer amount immediately, plus any applicable fees)


  1. Ensure the link received via email offers a secure connection that takes you to a site with the 'https' prefix, rather than 'http'
  2. Click on the link and you'll be taken to a secure Interac website
  3. Follow the instructions on the site to select Member Savings and click 'Deposit', and you'll be redirected to our online banking login screen
  4. Login to answer the security question and accept the transfer
  5. Select the account where you wish to deposit the money