FAQ

You are here:

How do I get Deposit Anywhere™?

Deposit Anywhere™ is available on Parama’s Mobile App only – download the iPhone or Android App to access this feature.

How much does it cost?

There are no fees to use this service.

How does it work?

Open the Parama Mobile App, tap the “Deposit” button, select the account you would like the funds deposited to and enter the amount, take a photo of the front and back of the cheque, confirm the details and tap “Submit”. The funds will then be deposited securely into your account however will not be available for immediate use until the cheque has cleared.

What types of cheques can I deposit?

You can deposit cheques payable in Canadian Dollars and drawn at any Canadian Financial Institution. They must be payable and endorsed by you, the account holder.

Will I be notified if there is an issue with the deposit?

After you have made your deposit, you will receive a confirmation. Should there be an issue with the deposit or clearing of the cheque, Parama will contact you.