Procedures and Training
Page 1 of 5
The information in this document is subject to change without notice.
For advisor use only. This document is not intended for public distribution.
February 2010
FBPS – FirstBank Bill Payment Service
Direct Deposit at Bank of Montreal
Direct Deposit – Bank of Montreal
Premium payments are sent directly to Standard Life. However, in a situation where a premium payment will not
reach Standard Life on time, producers can use the FBPS direct deposit service.
A client’s cheque can be deposited at any Bank of Montreal in Canada for payment of a premium under a
Standard Life Retail product. Cash deposits are not permitted.
The FBPS direct deposit service cannot be used for Ideal Segregated Fund Policies processed electronically
(FundSERV).
Topics covered in this guideline are:
Deposit Form
Types of cheques permitted - all products except Structured Settlement Annuities
Types of cheques permitted – Structured Settlement Annuities only
Confirmation of deposit to Standard Life - all products except Structured Settlement Annuities
Confirmation of deposit to Standard Life – Structured Settlement Annuities only
How to complete the FBPS form
Notifying Standard Life by fax
Deposit Form
Complete the FBPS – FirstBank Bill Payment Service deposit slip – Form 954.
The FBPS deposit slip is ordered from Standard Life using the Request for Forms – Form PC BIL 3340.
The deposit slip cannot be printed from Standard Life’s web site.
See How to complete the FBPS deposit slip.
Procedures and Training
Page 2 of 5
The information in this document is subject to change without notice.
For advisor use only. This document is not intended for public distribution.
February 2010
FBPS Service – Direct deposit at Bank of Montreal
Types of cheques permitted for deposit – all products except Structured Settlement
Annuities
Cheques (cash cannot be deposited)
A personal cheque from the client.
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