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Set Up a Pre-Authorized Contribution (PAC) Plan

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Make Deposits and Contributions Automatically

A Pre-Authorized Contribution (PAC) plan is an easy way to make automatic deposits to your cash account or automatic contributions to your TFSA, FHSA, RRSP, or RESP on a schedule that works for you. For example, if your paycheque is deposited bi-weekly, you can have an amount transferred into your RBC Direct Investing account on the same schedule.

  • Make deposits or contribute to your account(s) on a weekly, bi-weekly, monthly or quarterly basis.
  • Pick any amount that works for you and then invest it how you want once the money is in your account.
  • Change, pause, or cancel your contribution amount and frequency at any time.

See How Fast Your Money Could Grow

Even small deposits or contributions can grow into significant savings over time.

Put money aside regularly and you could save more over the long term.

Save $50 per month for 5 years and you could have $3,400. In 10 years, you could have $7,765. With a simple change, like increasing the frequency to $25/biweekly, you could save even more.

Saving amounts are based on 5% annual returns. The numbers are for illustrative purposes only, to show the effects of compound growth and not intended to reflect future returns on an investment. It is assumed that no funds are withdrawn during the 5 and 10 years.



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How much do you want to contribute? See how it adds up over the years.

For a personalized view, enter your name and contribution amount in the screen to see how much you could save.

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Maintain a PAC plan of at least $100/month ($300/quarter) and we’ll waive our $25 quarterly maintenance fee.Legal Disclaimer footnote 1

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Pre-Authorized Contribution FAQs

With a Pre-Authorized Contribution (PAC) plan, you can build your savings steadily over time by making automatic, pre-planned deposits to your RBC Direct Investing accounts—including investment accounts, RRSPs, TFSAs and RESPs—in regular, easy-to-manage amounts throughout the year.

To set up a PAC plan, from the “Trade & Transfer” menu in the Online Investing platform, select “Transfers” and then select “Pre-Authorized Contributions (PAC)”. You will need to have an RBC Royal Bank chequing or savings account linked to your RBC Direct Investing account.

To set up a PAC for your RBC Direct Investing RRSP, TFSA or RESP with a chequing or savings account held outside of RBC Royal Bank, visit the Forms page, choose “Automatic Account Service Setup” from the drop down menu and download the Pre-Authorized Contribution form.

If you’re an RBC Online Banking client and an RBC Direct Investing client, you can easily transfer funds between your accounts online. From the “Trade & Transfer” menu in the Online Investing platform, select “Transfers” and then “Transfer Funds” or use the RBC MobileLegal Disclaimer footnote 2 app on your mobile device. You can also call us at 1-800-769-2560 and an Investment Services Representative will assist you.

Screenshots are for illustration purposes only.