In order to successfully phase out the mailing of cheques, we are now required to add banking information to every single account. This means that if you ever wish to withdraw money, or deposit money into your account it is already set up and ready to go.
This is a mandatory part of updating your file now, set by our investment regulations.
You have 3 options for providing this:
- In Person:
- Bring a Void Cheque, or PAD print out to your in-person meeting
- How to Print a Void Cheque / PAD from your online banking
- By Email:
- Email us a Void Cheque, or PAD print out to info@sageadvicefinancial.ca
- Upload the cheque directly into your Investia Client Portal
- Step by step directions can be found here.
Why Does Investia Ask for Your Bank Account Info?
To make things easier for you, Investia uses something called a Pre-Authorized Debit (PAD) agreement. This simply means that—with your permission—they can automatically withdraw fees from your bank account when needed.
Here’s why it matters:
- Annual fees (usually $50 per client) help cover account administration and are charged once a year.
- If you use fee-based advisory services, those fees can also collected this way.
- Any unpaid or outstanding fees will be carried forward and eventually collected—especially if you transfer your account out.
Having your bank account on file ensures that payments are handled smoothly and on time, without needing manual follow-ups. You’re always in control—you can update or cancel your PAD agreement with notice, and you’re protected by Canadian banking rules if anything goes wrong.
For full details, you can check out Investia’s Administrative Fee Schedule.
So, when we ask for a void cheque or banking details, it’s just to make sure your Investia account runs efficiently and securely.
How to Pull a Void Cheque
Scotiabank:
- From your Accounts page, select your chequing account
- Select Direct Deposits & Payments
- Go to Void Cheque and select View/Print
Click Here for More Information
CIBC:
- Sign into CIBC Online Banking and select “My Accounts” from the menu.
- Select the account you want to link.
- Select the “Void cheque/direct deposit info” link from the “Manage My Account” dropdown.
- Review the Account Information form with your account information including transit number, institution number, and account number.
- Print the form, add your signature and date
Click Here for More Information
TD:
- From the TD app home screen, find My Accounts button and select Banking.
- Select the account into which your funds will be directly deposited.
- On the Account screen, select the tab Summary.
- Select the option Direct Deposit Information – View.
- At the bottom of the page, select the button Get Form. This will download a PDF copy of the Direct Deposit form to your device.
Click Here for More Information
RBC:
- Sign in and tap the Account you want to obtain the void cheque for
- Select Details (the 3 dots in the corner) and then tap Get a Void Cheque
- Tap Download to download a PDF of your void cheque, you can then save it to your mobile device, text, or email
Click Here for More Information
Simplii:
- Sign in to your online banking (cannot be access from the mobile app)
- Select “Set Up Direct Deposits” on the right hand side
- Select the right account and press ‘Print’
- Save a PDF of your void cheque