Please Choose the Type of Transfer You Want to Do
See how to fund your RBC Direct Investing accounts in only a few clicks—with cash, Avion points or securities.
Transfer Funds FAQs
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 3
app on your mobile device. You can also call us at 1-800-769-2560 and an Investment Services Representative will assist you.
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.
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.
When transferring assets from one institution to another, you can transfer either “in cash” or “in kind.”
When transferring “in cash,” the assets you hold in your account are sold, redeemed and settled by the delivering institution based on the market value of your assets (and are subject to normal commission charges).
Transferring “in kind” means that the account is transferred as is—all investments are transferred to the receiving institution at market value on the date of transfer. Where possible, and as allowed by Canada Revenue Agency (CRA) for registered plans, the book value of the securities will be transferred to the receiving plan.
When transferring “in cash,” the assets you hold in your account are sold, redeemed and settled by the delivering institution based on the market value of your assets (and are subject to normal commission charges).
Transferring “in kind” means that the account is transferred as is—all investments are transferred to the receiving institution at market value on the date of transfer. Where possible, and as allowed by Canada Revenue Agency (CRA) for registered plans, the book value of the securities will be transferred to the receiving plan.
Legal Disclaimer footnote ‡
All other trademarks are the property of their respective owner(s).
Screenshots are for illustration purposes only.
Legal Disclaimer footnote 1
Clients with a Pre-Authorized Contribution (PAC) must have a net contribution of $300 or more for the quarter to qualify for the maintenance fee waiver.
Legal Disclaimer footnote 2
Contributing securities to your registered plan may result in a deemed disposition based on any capital gain/loss that may be triggered. Please consult with a professional tax advisor if you require tax advice.
Legal Disclaimer footnote 3
RBC Mobile is operated by Royal Bank of Canada, RBC Direct Investing Inc. and RBC Dominion Securities Inc.
To transfer cash from a bank account you have at another financial institution, sign in to your institution's online banking platform and set up RBC Direct Investing as a payee to send the money the same way you would pay a bill.
To transfer an investment account or securities from another institution, including an RBC entity such as RBC Dominion Securities or RBC Royal Bank, sign in to RBC Direct Investing and follow the instructions on screen.