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Personal Banking > Accounts & Services > Managing Your Bank Accounts > Payment Services > Memorized Transfers / Payments / Savings
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.
You can also set up pre-authorized RSP contributions — a great way to build your Retirement Savings Plan (RSP) or a Registered Education Savings Plan (RESP) for a child.
Find out more about pre-authorized RSP contributions
If you have additional questions about pre-authorized transfers, please talk to a specialist or contact your RBC Royal Bank branch.
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