Frequently Asked Questions
Payment options for ordering bonds over the Internet
Q: What are the payment options?
You may pay for your bonds either by electronic bill payment or by cheque. Your payment must be for the total amount of your purchase. Please note that instalment payments will not be accepted.
For electronic bill payment, select "Canada Savings Bonds" from the list of billers from your banking institution’s telephone or online banking service and use as the account number your Client Reference Number that is generated when you confirm your bond order. You must make payment no later than on the issue date of the bonds (i.e., the first of the month) or your order will be cancelled.
A confirmation number will be displayed for each purchase upon completion of this transaction. For payment by cheque, please write the confirmation number(s) on your cheque. You may postdate your cheque to the issue date of the bonds (i.e., the first of the month). We must receive payment within 10 days of the issue date or your purchase will be cancelled. If you are purchasing bonds, both with and without the RRSP option, separate payments must be made for each with the corresponding confirmation number.
Q: Which financial institutions currently offer the electronic bill payment option for Canada Savings Bonds ordered over the Internet?
Financial institutions currently offering the online and telephone bill payment option: Royal Bank, TD Canada Trust, Bank of Montreal, Scotiabank, CIBC, President’s Choice Financial, Laurentian Bank, HSBC, National Bank, Credit Union Central of Ontario Limited, Credit Union Central of British Columbia and Alberta Treasury Branches.
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