Mastercard® Payment service

Mastercard credit cardholders can set up a Pre-Authorized Debit Service Payment Plan.

Pre-authorized debits

We can help you arrange to have all your regular payments, such as utility bills, loans and more, debited automatically from your account.

Pre-authorized transfers

Making loan payments, contributing to an RRSP or transferring to savings from your account can be done automatically for you.

How to set up a pre-authorized debit

To set up a pre-authorized debit, simply stop by your local branch or phone our Contact Centre at 306-842-6641 to receive the required forms.

Transfer limits

Sending

• Per transaction – $10,000
• Per week – $70,000
• Per month – $300,000 

Receiving

• Per transaction – $25,000
• Per week – No limit
• Per month – No limit

How to set up a direct deposit

Often, you can provide your employer or other provider with a VOID cheque or banking confirmation. You can download a VOID cheque in digital banking or visit our Help Centre for more information. 

To set up a direct deposit through us, simply stop by your local branch or phone our Contact Centre at 306-842-6641 to receive the required forms.

Types of cheques you can direct deposit

• Pay cheques
• Group benefit payments
• Government of Canada cheques
  • Canada Pension Plan (CPP)
  • Old Age Security (OAS)
  • and more! 

Have more questions about direct deposit?

Depositing cheques with this feature is free, secure and as easy as taking a selfie!

> Open your WCU mobile app on your smartphone
> Select “Mobile Deposit”
> Select your account and enter the amount of the cheque
> Snap a photo of the front and back of your cheque
> Tap continue, confirm the details and submit.

That's it! Have more questions about Mobile Deposit?

With our convenient and innovative online banking platform and mobile app, you can:

> Pay a single bill or pay them all at once
> Add or delete bill payees
> Post-date your bill payments
> Set-up recurring payments

Customer Automated Funds Transfer or CAFT allows the scheduling of pre-authorized debits, direct deposits and credit transactions in both Canadian and US dollars. It allows safe, secure transactions between individuals, businesses and financial institutions. Ending the need for cheques and cash helps everyone save time and money.

What is Commercial FX?

Commercial FX is primarily used by commercial members who deal with high quantities of foreign goods or services. The platform streamlines your ability to make and receive payments using foreign currencies, and allows you to settle transactions without using drafts or wire transfers.

Our platform allows you to buy or sell foreign currency in real time with spot trading – exchanging Canadian funds for foreign currency immediately.

When can I trade?

When you sign up for our online foreign exchange platform, you can trade at your convenience. Access the platform on any computer with an internet connection, from Sunday at 5:00 pm EST thru to Friday at 5:00 pm EST.