Transfer Cash, Avion Points or Securities

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 Mobile^{Legal 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.

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.