RBC's skip-a-payment self-serve link provides immediate relief for up to 1 month and can be done simply and easily through online banking, provided that:
- Your mortgage is not in arrears.
- Your current mortgage balance -- together with the amount of the payments you wish to skip-- does not exceed the original mortgage amount.
This means you can skip up to four consecutive weekly payments, or up to two consecutive bi-weekly or semi-monthly payments. 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.
To Skip a Payment Sign into RBC Online Banking :
- Sign in to RBC Online Banking
- From the Account Summary page, select your mortgage account.
- Select Skip a Payment all the way at the bottom of the page and follow the instructions.
Skip-a-Payment requests could take up to five days to process. If you are within five days of your regular mortgage payment date, the current payment will be processed, and your next payment may be skipped.
Our financial relief program includes up to 6 months on mortgages. Should you require relief beyond one month, please connect with one of our advisors using our online booking tool for further assistance.
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