Quote:
Originally Posted by CaptainCrunch
I didn't know the banks would do that, I've been doing that myself for the last 10 years.
Need to talk to my banker.
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There are limitations... I'm not sure if they can do 'every 2 weeks', they seem (as far as I know) to only be able to pick certain days a month... great if you paid on the 1st/15th, unworkable if you get paid every 2 weeks (at least, if you want it out right after payday).
Definitely the easiest way to save... and if you have it go directly into RRSP's, you won't even be able to touch the money in a weak moment (unless you're cool w/ the disadvantages of taking out RRSP money...).
In the end I found it was better to control this stuff myself, but the auto-withdrawal definitely help the 'willpower' aspect of saving for investing.