From pre-authorizing payments to getting paid, sample cheques still come in handy… even though cheques are rarely used in Canada. The main reason you need an Meridian sample cheque is to share your banking information with someone else.
Understanding Your Meridian Sample Cheque
If you know what the numbers at the bottom of your Meridian sample cheque mean, you can probably just share them… without having to go looking for a Sample Cheque in your banking portal every time someone asks for one.
So, here are the important features of a cheque in Canada that you should be able to recognize by looking at one :
1. Your home address
This is the information you don’t need to look at a sample cheque to know. However, it is often needed by those who ask you for a sample cheque.
2. Your branch address
This is the address of your Meridian branch. Note that some Meridian branches have more than one point of service.
3. Your branch transit number
This is a 5-digit number that identifies the Meridian branch to which your bank account is associated.
4. Your bank Institution Number
The institution number is a three-digit number that identifies the financial institution you are dealing with, regardless of the branch you have chosen. Meridian ’s institution number is 837.
5. Your account number (or folio number)
The account (or folio) number is the identifier for your bank account. Without the transit number and institution number, it cannot be used to transfer money. As a result, it is the most sensitive information you will find on your sample cheque, as it is the number that is associated with your bank account. This number varies in length depending on the financial institution but generally ranges from 7 to 12 digits.
How to find your sample cheque on the Meridian online portal
Before the Internet, a sample cheque was a paper cheque with “SAMPLE” or “VOID” written on it to ensure that the cheque could not be used. If you have a chequebook, you can still do this. In fact, a sample cheque is a document that contains all the information displayed on a cheque, so you can still do it that way.
If you don't have a chequebook, there is a simple alternative. Unlike some financial institutions, which allow a sample cheque to be downloaded from their client portal, Meridian invites its clients to download a document that works the same way, a direct deposit form. This form will contain all the information available on a cheque and anyone who asks you for a sample cheque will accept it. Here are the steps to download and complete the Meridian direct deposit form:
- Log into your Meridian account via their online portal here: https://www.meridiancu.ca/personal
- Click on “Accounts”, then select the account you want the direct deposit form for
- Click on “CRA Direct Deposit” in the right-hand menu, then select “Deposit Form”
- This will open a PDF of the direct deposit form, which you can download, and then print if you like.
Now you know everything you need to in order to find your account information and understand your sample cheque as a Meridian customer! Furthermore, you should now be able to write a cheque.