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The easiest way to commit to a regular savings plan is to arrange for pre-authorized transfers from your banking account to your designated savings account. Simply specify the amount and how often you want the transfers to take place — for example, once a week, every two weeks or once a month. You may even want to schedule these to occur just after your paycheque is direct-deposited into your chequing account.
Step 1: In your Online Banking, under My Accounts/Account Summary, click on the Savings account you want to transfer funds to.
Step 2: On the Savings Account Details page, click on Set Up Save-Matic.
Step 3: Enter the Amount you want to save, choose your From and To accounts, When to start, and select how often from the Receive Frequency options, then click on Submit.
Step 4. Review your information and click on Confirm.
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