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​​​​​​​Set up direct deposit to receive your payments

When you set up an Electronic Funds Transfer (EFT) with us, you’ll receive reimbursement for your claims more quickly. Save time later by applying for EFT now and have future claim payments deposited directly into your bank account.

Sign up online for direct deposit​ 

Only if you do not currently have a valid driver's licence or insurance policy with ICBC, you can sign up for direct deposit by submitting a completed EFT authorization and direction form to ICBC. Please send the completed form and a void cheque by email to​

Applications are processed within 60 business days​ and payments will be deposited a few business days later.​