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Desjardins Group to end bankbook services, shifts to statements

EditorNikhilesh Pawar
Published 11/17/2023, 10:50 PM
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OTTAWA - Desjardins Group, a major player in the Canadian financial sector, has announced that it will discontinue its traditional bankbook services on November 19, 2023. This move marks a significant departure from the historical method of transaction recording and reflects the industry's broader shift towards digital banking solutions.

The group has been preparing its clientele for this transition through an extensive information campaign. Clients are being encouraged to switch to either electronic or paper monthly statements, which promise to offer more comprehensive account insights. To facilitate this change, Desjardins is providing assistance to customers who need help adapting to the new system.

This strategic update is part of Desjardins' efforts to modernize its banking services and meet the evolving preferences of its customers. As part of the transition, Desjardins Group is inviting its clients to engage with the changes actively. CJAD 800, a local radio station, is contributing to the effort by offering show access and celebrating personal events on-air, creating a community atmosphere around this banking evolution.

Customers currently using bankbooks are advised to get in touch with Desjardins Group for support as they move towards adopting the new monthly statement system starting today. The initiative underscores Desjardins' commitment to providing enhanced banking experiences while keeping pace with technological advancements and changing consumer behaviors in the financial industry.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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