Overview
If you've changed banks or want to pay from a different account, you can update your banking information in your YouSet account. You'll need a void cheque or direct deposit form for your new account. Once your request is processed, YouSet will email you to confirm the change.
If your next payment is due within 10 business days, it will still be taken from your old account. Your new account is used starting with the payment after that.
This applies if you have a policy with YouSet and you changed banks or want to pay from a different account.
What you'll need
- A void cheque or direct deposit form for your new account that includes your institution, transit and account numbers
How to update your banking information
- Sign in to your YouSet account
- Under your insurance policy, select Modify Policy
- Select Banking information
- Follow the steps on the screen
- Submit your request
What happens after
- YouSet reviews your request within 48 hours
- YouSet updates your banking information with your insurance company
- When the change is done, you get a confirmation email
- Your payments are taken from your new account, starting with the first payment due more than 10 business days after your request.
Additional info
Keep money in your old account until you get the confirmation email. A payment taken before the change is processed will still come from your old account.