You often hear about the importance of paying yourself first. An easy way to do this and grow your savings on a regular basis is to set up a pre-authorized contribution (PAC) plan. Set it up once to make automatic contributions throughout the year to help you keep on track with growing your savings.
Make automatic contributions to your RBC Direct Investing RRSP, TFSA, RESP and/or Investment accounts. You can choose to contribute weekly, bi-weekly, monthly or quarterly from your RBC Royal Bank® chequing or savings account. And, you can cancel or change the amount anytime.
PACs offer many benefits
PAC plans are easy to set up and they offer other benefits. When you set one up with a total of $100 per month ($300 per quarter) your quarterly maintenance fee is waived, a savings of $25 per quarter. This is just one of many new ways you can have the maintenance fee waived, for more details visit the Commissions & Fees Schedule.
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