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Investment FAQs

Guaranteed Investment Certificates (GICs)

You can purchase a GIC through RBC Online Banking if you have an RBC Royal Bank chequing or savings account or an existing GIC.

The following GICs can be purchased through online banking:

  • Non-Redeemable GIC*
  • One-Year Cashable GIC**
  • U.S. Dollar Term Deposits**
  • Prime-Linked Cashable GIC**
  • RateAdvantage GIC**
  • Redeemable GIC*

* (available in both Non-Registered or Registered)

**(eligible for Non-registered only)

You can update your GIC maturity instructions through RBC Online Banking if your GIC is held within a RRSP or TFSA. (Note: you can't update your maturity instructions if you've already indicated that you want your GIC to renew into a different GIC type)

View all related GICs FAQs

Mutual Funds

You can buy mutual funds online through RBC Online Banking(opens new window) or the RBC Mobile app(opens new window), providing you:

  • Are purchasing the mutual fund within an existing registered plan (e.g. TFSA, RRSP or RESP)
  • Have Online Banking access
  • Have an up-to-date Investor Profile

Purchase mutual funds online(opens new window)

View all related Mutual Funds FAQs

Portfolio Solutions

You can buy an RBC Portfolio Solution online through RBC Online Banking(opens new window) or the RBC Mobile app(opens new window), providing you:

  • Are purchasing the RBC Portfolio Solution within an existing registered plan (e.g. TFSA, RRSP or RESP)
  • Have Online Banking access
  • Have an up-to-date Investor Profile

Purchase an RBC Portfolio Solution online(opens new window)

View all related Portfolio Solutions FAQs

Savings Deposit

You can buy an RBC Savings Deposit online through RBC Online Banking(opens new window) or the RBC Mobile app(opens new window), providing you:

  • Are purchasing the RBC Savings Deposit within an existing registered plan (e.g. TFSA, RRSP or RESP)
  • Have Online Banking access
  • Have an existing RBC Royal Bank chequing or savings account

Purchase an RBC Savings Deposit online(opens new window)

View all related Savings Deposits FAQs

Tax Free Saving Account (TFSA)

You can view your TFSA account information, balances, Investor Profile, transaction history and download documents through RBC Online Banking(opens new window) or the RBC Mobile app(opens new window).

You can open a new TFSA through RBC Online Banking. If you are not a current online banking client you can self enrol.

You can contribute to an existing TFSA:

Yes, you can set up an RBC TFSA-Matic®, which lets you manage the frequency and amount of contributions to your TFSA using funds from your RBC Royal Bank chequing or savings account.

You can start, change or pause/stop your TFSA-Matic contributions online by Signing in to Online Banking:

Choose your TFSA, and click "Manage Pre-Authorized Contributions" from the left menu.

You can switch investment product types within your TFSA through RBC Online Banking.

View all related TFSA FAQs

Registered Retirement Savings Plan

You can contribute to an existing RRSP online through RBC Online Banking or the RBC Mobile app(opens new window) if you have an RBC Royal Bank chequing or savings account:

You can view your RRSP account information, balances, Investor Profile, transaction history and download documents through RBC Online Banking(opens new window) or the RBC Mobile app(opens new window).

To start, change or stop your automatic contributions,  Sign in to Online Banking,  Choose your RRSP, and click "Manage Pre-Authorized Contributions" from the left menu.

You can switch investment product types within your RRSP through RBC Online Banking.

View all related RRSP FAQs

Registered Retirement Income Fund

You can view your RRIF account information, balances, Investor Profile, transaction history and download documents through RBC Online Banking(opens new window) or the RBC Mobile app(opens new window).

You can switch investment product types within your RRIF through RBC Online Banking.

View all related RRIF FAQs

Registered Education Savings Plan

You can view your RESP account information, balances, Investor Profile, transaction history and download documents through RBC Online Banking(opens new window) or the RBC Mobile app(opens new window).

You can contribute to an existing RESP online through RBC Online Banking or the RBC Mobile app(opens new window) if you have an RBC Royal Bank chequing or savings account:

Yes, you can set up an RBC RESP-Matic®, which lets you specify automatic contributions (weekly, monthly, etc.) to your RESP using funds from your RBC Royal Bank chequing or savings account. To start, change, pause or stop your RESP-Matic contributions Sign in to Online Banking, choose your RESP, and click "Manage Pre-Authorized Contributions" from the left menu.

You can switch investment product types within your RESP through RBC Online Banking.

View all related RESP FAQs

Registered Disability Savings Plan

You can view your RDSP account information, balances, Investor Profile, transaction history and download documents through RBC Online Banking(opens new window) or the RBC Mobile app(opens new window).

You can manage pre-authorized contributions (PACs) through the RBC Mobile app or RBC Online Banking.

To use the RBC Mobile app, sign in and follow the steps below:

  • From the Accounts screen, tap your RDSP.
  • Select “Set Up Pre-Authorized Contribution” or “View Pre-Authorized Contribution.”
  • Follow the on-screen instructions to complete your transaction.

Note, you cannot pause PACs through the RBC Mobile app.

To use RBC Online Banking, sign in and follow the steps below:

  • From the Accounts Summary page, select your RDSP and click “Manage Pre-Authorized Contributions” from the left menu.
  • Select “Modify” to make changes and follow the on-screen instructions.

When you’re ready to resume contributions, simply sign in to RBC Online Banking to access your account and click “Manage Pre-Authorized Contributions” once again.

Changes to your contributions will take effect in two business days.

Yes, you can set up an automatic contributions, which lets you specify automatic contributions (weekly, monthly, etc.) to your RDSP using funds from your RBC Royal Bank chequing or savings account.

View all related RDSP FAQs

Funds will be available on the next business day following the date on which you have instructed us to redeem your GIC, or in the case of RBC Income Builder GIC, following the date on which a payment is made from the GIC.

Other Notable Disclosures:

  • Interest in a GIC will be calculated counting the first but not the last day of the term.
  • There is no fee charged for a purchase of GIC. If you transfer your GIC out to another financial institution, there will be a transfer out fee of $150 charged (applies to both registered or non-registered GICs – transfer out fee for non-registered GICs came into effect August 1, 2022)
  • You may provide us with instructions as to what to do with your GIC proceeds upon maturity. If your GIC is automatically renewed, you may cancel it upon renewal within 10 business days from the issuance (renewal) date, and if you do, your principal will be returned, but no interest will apply from the issuance to the cancellation date.
  • The GIC Client Agreement can be found at https://www.rbcroyalbank.com/dms/investments/clientacknowledgementforms.html. This GIC Client Agreement may be changed at any time, on notice to GIC holders.
  • For more information and disclosures regarding RBC Equity Linked GICs, see: RBC Equity-Linked GICs page.

Mutual Funds are sold by Royal Mutual Funds Inc. (RMFI). There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Please read the Fund Facts/prospectus before investing. Mutual fund securities are not insured by the Canada Deposit Insurance Corporation. For funds other than money market funds, unit values change frequently. For money market funds, there can be no assurances that a 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 a fund will be returned to you. Past performance may not be repeated. RMFI is licensed as a financial services firm in the province of Quebec.


Financial planning services and investment advice are provided by Royal Mutual Funds Inc. (RMFI).  RMFI, RBC Global Asset Management Inc., Royal Bank of Canada, Royal Trust Corporation of Canada and The Royal Trust Company are separate corporate entities which are affiliated. RMFI is licensed as a financial services firm in the province of Quebec.