Account services
Self-directed investing means you’re in control of deciding how much and how often to invest, managing your dividends and other components of your investments and much more. It’s a big responsibility but there are many resources available to help you reach your goals.
RBC Direct Investing’s account services offer an effective way to automate your investment decisions so your money continues to work hard while you stay on top of other things that matter.
Pre-authorized contribution plan
Set up a pre-authorized contribution (PAC) plan and enjoy the convenience of regular contributions. Simply choose how often you want to contribute (weekly, semi-monthly, monthly or quarterly) and we’ll automatically transfer funds from your chequing or savings bank account into your RBC Direct Investing accounts. Done!
Bonus: If you have a pre-authorized contribution plan totalling $100 per month ($300 per quarter) or more across all of your RBC Direct Investing accounts, your quarterly maintenance fee will be waived. That’s a savings of $25 per quarter! This is just one of many ways you can have the maintenance fee waived. For more details visit the Commissions and Fees.
To set up a pre-authorized contribution plan, go to Pre-Authorized Contributions under My Portfolio and get started. Make sure you 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 an RESP with a chequing or savings account held outside of RBC Royal Bank, download and complete the Pre-Authorized Contribution Plan form along with a void cheque and send the documents to the address on the form.
Dividend reinvestment plan
Are you earning regular dividends from your investments? RBC Direct Investing can immediately reinvest your earnings by purchasing shares† on your behalf in the same companies. Our dividend reinvestment plan (DRIP) comes with no fees or commissions. Set it up and know that your money is working for you automatically. DRIPs also let you take advantage of dollar cost averaging.
Most of the dividend-paying securities listed in the S&P/TSX composite index and the S&P 500 are eligible for this plan. View the current list of eligible securities.
To sign up for a dividend reinvestment plan, call us at 1-800-769-2560.
Treasury Bill rollover
Don’t let your matured Treasury bills sit idle until you find time to reinvest them. Keep your money hard at work by signing up for a Treasury bill rollover, which automatically purchases new Treasury bills when they mature.
Choose to roll over the original par value or use the par value at maturity as the new amount to reinvest. Want to make a game time decision? You can request a phone call the business day before your Treasury bills mature – then choose how to invest the proceeds.
To sign up for Treasury bill rollover, download and complete the Treasury Bill Rollover form and send it to the address on the form.
Systematic withdrawal plan
Do you need regular income from your investments? The systematic withdrawal plan is a convenient way to make regular withdrawals from your account(s).
A pre-determined amount is automatically redeemed from a mutual fund holding within your RBC Direct Investing account and the proceeds are transferred to a chequing or savings account at any Canadian financial institution. The minimum withdrawal is $100 per month or $300 per quarter. The mutual funds are sold only on scheduled payment dates and in only the required quantities.
To sign up for a systematic withdrawal plan, download and complete the Systematic Withdrawal Plan (SWP) form and send it to the address on the form.
Automatic funds transfer
Automatically transfer cash on a monthly basis from your RBC Direct Investing Investment account to your chequing or savings account at any Canadian financial institution.
Choose to transfer a fixed amount or your total interest and dividends for the month. Set it up once and let RBC Direct Investing take care of it on an ongoing basis.
To sign up for an automatic funds transfer, download and complete the Automatic Funds Transfer (Personal Accounts Only) and submit it online.
If you would like to sign up for an automatic funds transfer for a non-personal account, download and complete the Automatic Funds Transfer (Non- Personal Accounts) and send it to the address on the form.
View Legal Disclaimer
RBC Direct Investing Inc. and Royal Bank of Canada are separate corporate entities which are affiliated. RBC Direct Investing Inc. is a wholly owned subsidiary of Royal Bank of Canada and is a Member of the Investment Industry Regulatory Organization of Canada and the Canadian Investor Protection Fund. Royal Bank of Canada and certain of its issuers are related to RBC Direct Investing Inc. RBC Direct Investing Inc. does not provide investment advice or recommendations regarding the purchase or sale of any securities. Investors are responsible for their own investment decisions. RBC Direct Investing is a business name used by RBC Direct Investing Inc. ® / ™ Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada. Used under licence. © Royal Bank of Canada 2021. All rights reserved.
† RBC Direct Investing will purchase whole shares only. Some exclusions may apply. Please contact an Investment Service Representative at 1-800-769-2560 for complete details.
There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Please read the prospectus or Fund Facts before investing. Mutual funds are not guaranteed or covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer, their values change frequently and past performance may not be repeated. For money market funds there can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you.