RBC mortgage
Pay your RBC mortgage with Chexy.
Pay your RBC mortgage through Chexy from the chequing account you already use, and earn 1 Aeroplan point per $1 on eligible payments.* Switching takes one branch visit.
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How to
How to pay your RBC mortgage with Chexy
1
Sign up for Chexy
Create your account, verify your identity and add the chequing account you pay your mortgage from today, plus your Aeroplan number.
2
Set up your mortgage
Pick RBC as your lender and confirm your mortgage details. Chexy gives you its account details and a void cheque for RBC.
3
Visit your RBC branch
Call your branch first, then bring two pieces of government-issued ID, your RBC debit card and your Chexy account details. You sign an authorization form for the change.
4
Chexy pays RBC
On your usual payment date, Chexy debits your chequing account and pays RBC as usual. Points arrive after every payment.*
What you can pay
How it works with your mortgage
Your RBC mortgage
Your RBC mortgage stays exactly as it is. Chexy only changes which account your payment comes from.
- Your regular mortgage payment. The same amount, on your usual payment date.
- Paid by pre-authorized debit. RBC keeps withdrawing your payment automatically. It just comes from your Chexy account.
- No changes to your mortgage. Same lender, same rate, same term. Nothing to refinance, nothing to re-apply for.
1.75% per payment, added to your withdrawal. On a $2,500 mortgage payment, that’s $43.75.
Timing
When RBC gets paid
- At least two weeks before your next payment
- Give your lender your Chexy account details, so the change is in place in time.
- Before you go
- Call your branch to confirm whether you need an appointment and what to bring.
- Your usual payment date
- Chexy withdraws your payment plus the fee from your chequing account, never in advance, and pays RBC on schedule.
Paying your RBC mortgage with Chexy: questions
Can I pay my RBC mortgage through Chexy?
Yes. Chexy pays RBC from the chequing account you already use, on your usual payment date, and you earn 1 Aeroplan point per $1 on eligible payments.*
Can I change my RBC payment account online?
Usually not. RBC may ask you to do it in person at a branch. Call your branch first to confirm the steps.
What do I bring to the branch?
Two pieces of government-issued ID, your RBC debit card and your Chexy account details. You’ll sign an authorization form for the change.
Do I pay with my credit card?
No. Mortgage payments through Chexy come from your chequing account, the same account you pay from today. You earn Aeroplan points directly through Chexy, no credit card required.
What does it cost?
There’s a 1.75% fee per payment, added to your withdrawal. On a $2,500 mortgage payment, that’s $43.75. You also earn 2,500 Aeroplan points on that payment.*
Does this change anything about my mortgage?
No. Your rate, term, amortization and payment schedule all stay exactly the same.
The fine print
- *Conditions apply. 1 Aeroplan point per $1 on eligible mortgage payments made through Chexy.
- RBC usually changes your mortgage payment account in person at a branch, and steps can vary by branch. Call ahead.
- Bring two pieces of government-issued ID that haven’t expired, your RBC debit card and your Chexy account details, or the branch may not be able to finish the change.
- If your mortgage has more than one borrower, ask your branch whether everyone needs to authorize the change.
- Keep your old account funded until you see a mortgage payment come out through Chexy. Until the change takes effect, your lender still draws from the old account.
- Chexy is not a mortgage lender, mortgage broker or party to your mortgage.
Sources: Chexy Insider: How to pay your RBC mortgage with Chexy · How to switch your mortgage payments to Chexy · Chexy mortgage payments · How much does Chexy cost?. RBC Royal Bank is not affiliated with Chexy.
Also: Pay your TD mortgage with Chexy · Pay your CIBC mortgage with Chexy · Pay your Scotiabank mortgage with Chexy · Pay your BMO mortgage with Chexy · Pay your First National mortgage with Chexy · Pay your National Bank mortgage with Chexy · Pay your Equitable Bank mortgage with Chexy · Pay your MCAP mortgage with Chexy · All payees
Earn Aeroplan points on your RBC mortgage.
1.75% per payment, added to your withdrawal