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How do I set up a monthly contribution plan or pre-authorized deposit with TD Direct Investing?
A Monthly Contribution Plan (MCP) allows you to make fixed dollar amount contributions to your RSP, RESP, RDSP and TFSA accounts by direct debit from your bank account on a recurring basis.
A Pre-Authorized Deposit (PAD) lets you make fixed dollar contributions to your non-registered accounts by direct debit from your bank account on a recurring basis.
To set up a Monthly Contribution Plan (MCP) or Pre-Authorized Deposit (PAD) to make contributions from your TD Canada Trust account to TD Direct Investing account:
- Call us at 1-800-465-5463
- Complete the Self-Directed Registered Plan Monthly Contribution Plan form, and provide it with a copy of a void cheque to your representative or mail it to:
TD Waterhouse Cash Management Department
77 Bloor St. West, 7th floor
To contribute/deposit a fixed amount of money from your Canadian dollar bank account at any Canadian financial institution to your TD Wealth or TD Direct Investing account:
Complete the Pre-Authorized Deposit (PAD)/Monthly Contribution Plan (MCP) form and submit it with a copy of a void cheque at a TD Canada Trust branch or TD Direct Investing Investor Centre.
Please note that the answers to the questions are for information purposes only for the products discussed. Individual circumstances may vary. In case of discrepancy, the documentation prevails.