Monday October 6, 2025 | VICTORIA, BC [Posted at 10:12 am | Updated 11:09 am]
by Mary P Brooke | Island Social Trends
For businesses and individuals who still receive cheques by way of postal mail, the ongoing Canada Post strike is a hurdle.
But financial institutions have had e-deposit in place for several years now.
Likely there is now increased use of e-deposit (depositing a cheque using a smartphone app) once a cheque is in hand.
Getting the cheque in hand may require use of a courier.
As Canada Post loses more business this way, it’s yet another sign that the crown corporation fell behind in adapting to modern times. It’s another area where people make a shift and not go back.
Financial institutions in the mix:
Meanwhile, banks clearly still rely on paper and postal mail for a number of their services. Here is a sample of how banks are responding:
- TD Bank – “A Canada Post service disruption is in effect and will impact the delivery of paper statements, new and replacement TD Access Cards and other documents such as mortgage renewal offers, and loan renewal notifications. Learn more about how to help avoid this disruption.”
- Coast Capital Savings – “We continue to monitor the Canada Post service disruption. Learn how you can avoid this disruption.”
- Scotiabank – “This disruption will impact the delivery of items you receive from Scotiabank through Canada Post, including account statements; new or replacement credit cards, debit cards, and access cards for your line of credit; mortgage renewal agreements; cheques; and trade confirmations and Fund Facts sheets from Scotia Securities Inc.”
Business choices:
Some businesses still adhere to a printed physical cheque, whereas many others have shifted to setting up for Electronic File Transfer (EFT) whereby payments are sent electronically by direct deposit between bank accounts.
===== RELATED:
Canada Post & their workers on a journey to new realities (October 6, 2025)
NEWS SECTIONS: CANADA POST | BANKING & FINANCE