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Save More, Effortlessly and Automatically

One of the best ways to reach your financial goals faster is by saving regularly using a Pre-Authorized Contribution (PAC) plan. By setting up PAC, your money will be automatically transferred directly from your chequing account to your TFSA or RRSP. Simply pick a schedule (weekly, biweekly, monthly, you choose!), set an amount, and we’ll do the rest of the work for you.

See How Fast You Can Grow Your Money

Save $25 every week and you could have $7,380 in 5 years, or $16,856 in 10 years. With automated savings, a little goes a long way.

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 It is assumed that no funds are withdrawn during the 5 & 10 years. You may wish to consult an RBC advisor regarding your specific situation.

Set Up is Simple Through RBC Online Banking

1
Choose your investment account to contribute to, like a TFSA or RRSP.
2
Choose a contribution amount (as little as $25 adds up quickly) and set a schedule (weekly, monthly, or quarterly.) You can change your contribution and frequency at any time.
3
Monitor your growth using RBC Online Banking1 or the RBC Mobile2 app.

Start Saving Regularly Today

Sign in to RBC Online Banking to set up automatic deposits to your TFSA or RRSP and watch your money grow on its own.

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RBC Mobile is operated by Royal Bank of Canada, RBC Direct Investing Inc. and RBC Dominion Securities Inc.