Bank Processing

RBC Royal Bank follows the rules established by Payments Canada in Canada or National Automated Clearing House Association (NACHA) rules in the United States to process your transactions.

We arrange on the appropriate dates to disburse your payments electronically or debit the accounts of your designated payors. Your business account will be credited or debited with the total on value date.

If a pre-authorized payment is returned for any reason, the amount is automatically debited to an account of your choice as determined at set-up, and reported to you the next business day.

If a disbursed payment is returned for any reason, the amount is automatically credited to an account of your choice as determined at set-up, and reported to you the next business day.

The following pre-authorized messages will appear on your business account statement as follows:

• Credits to your control account for all clients except for RBC Express clients.
  • Line 1 Direct Payment (PAD’s) Service Total
  • Line 2 GRADS (your client number)
• Credits to your control account for RBC Express clients.
  • Line 1 GRADS PAP TOTALS
  • Line 2 GRADS (your client number)
• Debits to your return control account for ALL clients.
  • Line 1 PAP RETURNS TOTAL
  • Line 2 GRADS (your client number)

The following payment distribution messages will appear on your business account statement:

• Debits to your control account for all clients except for RBC Express clients.
  • Line 1 Direct Deposits (PDS) Service Total
  • Line 2 GRADS (your client number)
• Debits to your control account for RBC Express clients.
  • Line 1 GRADS PDS TOTALS
  • Line 2 GRADS (your client number)
• Credits to your return control account.
  • Line 1 PDS RETURNS TOTAL
  • Line 2 GRADS (your client number)