Banking Changes

Give HOOPP enough notice

Please remember HOOPP requires 30 days’ notice to make any banking changes.

Switching banks or accounts

If you want to switch banks for your direct deposit, please complete the Pensioner Information Change Form.

HOOPP requires 30 days’ notice. For example, if you want to switch banks effective July 1, please submit your signed form by May 31.

Once you’ve submitted your form, HOOPP asks that you not close your old account until payments are being deposited in the new one – and taking this precaution will ensure there is no interruption in your payments.

Switch to direct deposit

If you currently receive your pension by cheque and bank with a Canadian financial institution, we strongly suggest you consider switching to direct deposit, also known as electronic funds transfer (EFT).

Your pension is automatically deposited to your account – eliminating worries about mail delays or having to get to the bank.

About 95 per cent of pensioners have made the switch to EFT.

To make the change please use a Pensioner Information Change Form.