RBC – Pre-Authorized Debit (PAD) Form for Mortgages
What Is an RBC Pre-Authorized Debit (PAD) Form?
If you bank with RBC (Royal Bank of Canada), your mortgage lender may ask you to submit a Pre-Authorized Debit (PAD) form to set up automatic mortgage payments.
This form allows your lender to withdraw your mortgage payment directly from your RBC account on a scheduled basis, helping ensure payments are made on time each month.
Why Does RBC Require a PAD Form for a Mortgage?
RBC requires a PAD form so your lender can:
- Set up automatic mortgage payments
- Confirm your RBC banking details
- Avoid missed or late payments
- Finalize mortgage funding without delays
Without a completed PAD form (or equivalent banking confirmation), mortgage funding may be delayed.
What Information Is Included on an RBC PAD Form?
An RBC PAD form typically includes:
- Your full legal name (must match your RBC account)
- RBC transit number, institution number, and account number
- Authorization to debit your account
- Payment frequency and withdrawal date
- Your signature
Some lenders may also request an RBC void cheque or Direct Deposit form for verification.
How to Get an RBC PAD Form
You can obtain RBC PAD information by:
- Downloading a Direct Deposit or banking form from RBC Online Banking
- Visiting an RBC branch
- Requesting assistance from an RBC representative
Final Tip for RBC Clients
Before submitting your PAD form:
- Double-check your account numbers
- Ensure your name matches your RBC account exactly
- Include any required supporting documents
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