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Skip-A-Payment

Immediate Financial Relief:

If you require immediate financial relief, we encourage clients to log into Online Banking and use our self-serve tools. If you wish to skip a mortgage payment, follow these steps:

  1. Sign into Online Banking.
  2. From the Account Summary page, select your mortgage account.
  3. Select the Skip a Payment link at the bottom of the page and follow the instructions.

Longer term financial relief (up to 6 months)

RBC is committed to helping our clients during these unprecedented times, which includes up to six months of mortgage payment relief. Please connect with one of our advisors using our online booking tool for advice and support to help meet your financial needs.

Additional Assistance or Other Questions about the Mortgage Skip-A Payment Feature:

If you are not enrolled in RBC Online Banking or are unable to book an appointment, you can request a callback for Mortgage Skip-A-Payment help/processing.

Request a Callback from RBC

What you need to know:

You will still be responsible for paying your usual creditor insurance premiums and property tax installments, where applicable.

There is no fee to skip a payment. When you skip a payment, the interest on the skipped payment is added to your outstanding balance and interest is charged on that amount. This means your mortgage balance will increase. Your payments won't change during the term of your mortgage. Instead, at renewal your monthly payment amount increases to account for the higher balance. When you skip a payment you must still pay the portion of your payment that covers your property taxes and HomeProtector Insurance Premium, if applicable.

Note: Using Skip-a-payment may significantly increase your interest costs over the life of your mortgage, so it's important to carefully evaluate your financial situation and priorities before exercising this option. Try our calculator to find out what it could cost.

If you wish, you can repay your skipped payment anytime during the term of your mortgage. If you have made double-up payments during the term of your mortgage, you have the option to skip an equal amount of payments.

Thinking About Skipping a Mortgage Payment?

Thinking About Skipping a Mortgage Payment?

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