RRIF banking information changes

To add or change a client's banking information, the banking information must be confirmed by providing:

Deposits must be made to a Canadian bank.

The owner of the bank account must be the same as the account holder.

Your request must be received at least 5 business days before the payment date or the payment will not go to the new account. This could delay the client receiving their payment as it may take up to 7 days for payments to be returned from the bank.

If there is an irrevocable beneficiary on the policy, both the policyholder and irrevocable beneficiary must sign either a letter or the applicable form above.