The Automatic Investment Plan (AIP) offers the convenience of having a fixed amount of cash transferred from your RBC Royal Bank account on file to your RBC Direct Investing account on a monthly or quarterly basis. A minimum investment of $100 monthly or $300 quarterly is required under the plan.
Within investment accounts, cash will automatically be invested in your choice of one of over 2500 mutual funds. The purchase dates for investment accounts may vary depending on the fund chosen.
Within registered accounts, you have the option of contributing cash to be invested at a later date or, as with investment accounts, you may choose to have the cash invested in a mutual fund. The purchase date for registered accounts will always be the first of the month.
To enroll in the service, simply download the Automatic Investment Plan form (available in pdf format) and forward it by mail or fax to:
RBC Direct Investing Inc.
Royal Bank Plaza
200 Bay Street, North Tower
P.O. Box 75
Toronto, Ontario M5J 2Z5
Alternatively, you may drop the form off at any RBC Direct Investing Investor Centre or your local RBC Royal Bank branch.
With the Dividend Reinvestment Plan (DRIP), any dividends received from eligible companies listed on the S&P/TSX Composite indexes and the S&P 500 will automatically be reinvested into new shares at no cost. The reinvestment will only occur if the amount of the dividend received will cover the cost of at least one full share. The remaining cash will be added to the cash balance of the account.
To learn more about the DRIP or to enroll in this service, please contact an investment services representative at 1-800-769-2560.