View Legal DisclaimersHide Legal Disclaimers, Legal | Accessibility | Privacy & Security. Equal Housing Lender. Why are RBC rates different from those quoted in the media and online? Why are RBC rates different from those quoted in the media and online? On RBC Royal Banks website the only foreign currency accounts for consumers we could find available were in US dollars. Foreign exchange rates are subject to change at a moment's notice. RBC offers currency exchange for a wide breadth of currencies. Exchange rates quoted in the media are the exchange rates, used by banks and other market participants to buy and sell currencies in the wholesale market. Economic Update; Financial Markets. Negative interest will be accrued on the closing credit balance in the currency of the account on a daily basis. Economic Commentaries. How can I save on exchange rates with RBC? Banking on your terms. Why are RBC rates for cash conversion different than non-cash rates? Chequing Accounts. Get a Quote or Buy Travel Insurance Online. It is often more beneficial to convert your Canadian dollars to the local currency of your travel destination before you leave Canada. From Aug. 1, 2009, until Feb. 8, 2020, the foreign exchange conversion rates used to calculate some foreign currency transactions were incorrect, which had the effect of overcharging clients. Although timely rates may be obtained by contacting a local RBC Royal Bank branch, rates can only be guaranteed at the time the purchase or sale is conducted. Therefore a more favorable rate is applied to non-cash instruments. Using RBC Online Banking, you can exchange and move money—instantly and for free1—between your RBC Royal Bank Canadian and RBC Bank U.S. accounts, 24/7. How do I transfer money between my Canadian and U.S. accounts? As evidenced by RBC DX, our proprietary trading platform as well as various multi-dealer platforms, we are continuously investing in technology solutions to meet the liquidity needs and trade execution requirements of our clients. RBC makes its foreign exchange rates accessible online. Please select your country to see available rates. Advance notice may be required to obtain some currencies. The currencies could not be switched, the conversion is not offered by RBC. Be sure to call in advance if you are looking for a more obscure currency to ensure they have it available. The extensive liquidity we consistently generate in global markets enables us to provide investors with the products and pricing they need to meet their goals. Although timely rates may be obtained by contacting a local RBC Royal Bank branch, rates can only be guaranteed at the time the purchase or sale is conducted. Legal | Accessibility | Privacy & Security. RBC Funds, BlueBay Funds and PH&N Funds are offered by RBC Global Asset Management Inc. and distributed through authorized dealers. Why should I convert my Canadian dollars to a foreign currency in Canada, before travelling to other countries? Withdraw cash at over 50,000 no-fee2 ATMs across the U.S. Find your closest location! Pay your U.S. credit cards and other bills online, from Canada or the U.S. * Not for US dollar loans in Canada. Transfer money using the RBC Mobile app or through RBC Online Banking - instantly and for free 1 - between your Canadian and U.S. RBC accounts. Foreign Exchange cash transactions are available to RBC clients only. Currency Converter All Bank of Canada exchange rates are indicative rates only, obtained from averages of aggregated price quotes from financial institutions. Foreign Exchange. Personal Interest Chequing Account. The statements and statistics contained herein have been prepared by RBC Economics Research based on information from sources con-sidered to be reliable. Open a U.S. Bank Account Sign in to Exchange Money, View Legal DisclaimersHide Legal Disclaimers. Exchange rates applied to cash transactions include shipping and handling charges, making the exchange rate for cash less favorable than the non-cash rate. As a Canadian - can I even open a U.S. account. Earn more on your Foreign Accounts. Although timely rates may be obtained by contacting a local RBC Royal Bank branch, rates can only be guaranteed at the time the purchase or sale is conducted. The rates provided are for information purposes only, and may not be reflective of rates in the market at the time of inquiry. Foreign Exchange Currency Converter. Cash rates as of: The rates provided are against Canadian dollars, only apply to over the counter cash exchanges and are intended to be used for information purposes only. If you want to exchange more than $10,000, please sign in to Online Banking to see the most accurate rate. Knightsbridge Foreign Exchange Inc. is a leading provider of currency exchange in Toronto, Vancouver, Montreal, Calgary, Edmonton, Winnipeg, and Saskatoon. Is there a limit to the amount I can transfer between my RBC Royal Bank and RBC Bank accounts? Select your country here: We've detected you are located in RBC . Major League. Non-Cash Rates apply to the conversion of paper and electronic instruments such as checks, drafts, wire transfers, and Online Banking transfers through RBC Bank (U.S.). Accessing RBC’s Exchange Rates. Member FDIC. Please select your country to see available rates. Foreign exchange rates are subject to change at a moment's notice. With more than 100 years of dedicated service to the Caribbean, RBC has a presence in 17 countries across the Caribbean, serving more than one million clients. A world of convenience and flexibity. The foreign exchange rate is final at the time you make the purchase. Our global sales coverage is complemented by strong electronic trading capabilities. ; Pay U.S. bills in seconds - from Canada or the U.S. Get cash at over 50,000 no-fee ATMs across the U.S 2. Foreign Exchange Rates. Not to worry — if you need a different currency account, you’ll find information about an alternative for other currencies further down this article. Foreign exchange rates are subject to change at a moment's notice. RBC offers currency exchange in bureaux de change, in their stores and online. The currencies could not be switched, the conversion is not offered by RBC. Save money on wire transfers and foreign exchange fees with a US loan from RBC Bank. You can exchange up to $25,000 at a time between your RBC Royal Bank (Canadian) and RBC Bank (U.S.) accounts when you’re signed in to Online Banking. We've detected you are located in RBC . This quick and easy Foreign Exchange tool shows you what your currency is worth today, so you can know the value of the funds you have. Free and unlimited online CAD > USD exchange and transfers 1 between your RBC Royal Bank (Canadian) and RBC Bank (U.S.) accounts – 24/7 with no delay. Susan Kopas - Vice President, Portfolio Manager & Wealth Advisor of RBC Dominion Securities Inc. susan.kopas@rbc.com Phone: 905-332-2743 Fax: 905-332-2650 2. RBC can be reached toll-free at 1-800-769-2511. Or have extra USD on hand and want to convert it back? Use a travel money card instead to save when travelling abroad. Foreign Currency Transactions You can make and receive payments in foreign currencies using your existing accounts with RBC Royal Bank in Canada: Give us a call at 1-800-769-25531-800-769-2553. The rates provided are for information purposes only, and may not be reflective of rates in the market at the time of inquiry. … How do I get cash while I am in the U.S.? Call Us … Optimizer. We offer a personal and home equity line of credit and use your Canadian credit history to qualify you. Many banks, foreign exchange kiosks and hotels in other countries charge commission or service charges in addition to exchange rates that are often higher than those in Canada when converting your Canadian dollars to their local currency. RBC DX provides an end-to-end response to your foreign exchange trading requirements. From insightful research on the latest currency market trends, to the execution and tracking of your trade, RBC DX delivers everything you need to succeed. Foreign Exchange Quotations - Global ; Free Economic Alerts. RBC Online Banking is operated by Royal Bank of Canada. RBC offers currency exchange for a wide breadth of currencies. A snapshot of RBC's forecast for interest rates in Canada and the US and foreign exchange rates. Foreign exchange rates are subject to change at a moment's notice. Used under license.RBC Bank means RBC Bank (Georgia), N.A., a subsidiary of Royal Bank of Canada.© RBC Bank (Georgia), N.A. Foreign Currency Accounts. Please read the additional notes at the bottom of the page as well. Download PDF Canada-U.S. Interest Rates and Key FX Rates - April Free Economic Alerts To get a rate for conversions over CAD$10,000, please contact your local RBC Branch. Non-cash rates are applied to paper instruments such as cheques and drafts. Although timely rates may be obtained by contacting a local RBC Royal Bank branch, rates can only be guaranteed at the time the purchase or sale is conducted. We make no representation or warranty, express or implied, as to its accuracy or completeness. Need to exchange more than $25,000? The Canadian/U.S. Invest and enjoy the best of both worlds. RBC DX™ is a multi-asset class trading platform that provides seamless navigation between products. RBC has held a contrarian view on the dollar and maintains this position in its latest set of forecasts with a recovery expected in 2021. This free service is reserved for RBC clients and staff. Receive an email alert as soon as this publication goes live on the RBC Economics site. Use your RBC Bank Visa Debit card to get cash at over 50,000 ATMs nationwide. RBC makes its foreign exchange rates accessible online. ® / ™ Trademarks of Royal Bank of Canada. Be sure to call in advance if you are looking for a more obscure currency to ensure they have it available. RBC can be reached toll-free at 1-800-769-2511. We deliver 24-hour foreign exchange service to our clients across the globe. The material on this website is the property of Royal Bank of Canada and may not be reproduced in any way, in whole or in part, without express authorization of the copyright holder in writing. Our Foreign Exchange Currency Converter allows you to quickly convert over 30 foreign currencies. Non-cash rates are also applied to incoming and outgoing wire payments and other electronic transactions. But when you buy travel money in cash – either in store, online or with click and collect – you could be subject to an unfair exchange rate with hidden fees. Notes Interest rates are subject to change without notice at any time. Morningstar information contained herein (excluding money market and fixed income characteristics) is proprietary to Morningstar and is not warranted to be accurate, complete or timely. M-Power. Take advantage of our competitive exchange rates and simplify your business processes with our fast, accurate execution of your foreign exchange transactions. These instruments do not require physical storage or movement, and incur less time and cost for processing than cash transactions. Heading to the U.S. and need to exchange your Canadian dollars? Where Ideas Are Executed. Subscribe Now to Free Economic Alerts. What are RBC’s foreign exchange rates? Advance notice may be required to obtain some currencies. Not true? Compare exchange rates from other money transfer services. How long will it take for an online cross-border transfer to appear in my account? Exchange rates fluctuate, at times significantly, and you acknowledge and accept all risks that may result from such fluctuations. Foreign exchange operations submitted via RCB Online Banking for sums up to 30.000 US Dollars, or the equivalent of that amount in another currency, will be automatically converted using the Bank’s prevailing exchange rates (including Bank's spread), as published on the Bank’s website; Not true? The statements and statistics contained herein have been prepared by RBC Economics Research based on information from sources considered to be reliable. A value package designed for persons 60 + Life Stage Packages. Effectively trade FX, money markets, fixed income and deposits all through one advanced system. Where to exchange money in canada royal bank of scotland group plc and 20 pound a royal bank of scotland plc 20 pound sterling banknote sits with foreign exchange currency converter rbc royal bank yakalabe dot com royal bank of canada foreign currency exchange international wire financial markets rbc … RBC Mobile is operated by Royal Bank of Canada, RBC Direct Investing Inc. and RBC Dominion Securities Inc. 3. dollar equivalent (based on the applicable foreign exchange rate as determined by Royal Bank of Canada on the date the fee is charged) of the total interest accrued for each calendar month will be charged to the associated Canadian/U.S. RBC regularly updates their currency exchange rates, but you can get an idea of what sort of margin to expect in the table below. These rates were last updated 27 February 2019. RBC Royal Bank foreign currency account basics. Automatically exchange and instantly transfer money for free 1 between your RBC Bank (U.S.) and RBC Royal Bank ™ (Canadian) accounts Easily access your money through online or telephone banking Call 1-800-769-2553 to open an account Client transactions require additional processing and are usually for much smaller amounts, and as a result, are priced using a retail rate. U.S. bills in seconds - from Canada or the U.S. + Life Stage Packages online Banking to see the accurate... Rates different from those quoted in the media and online how do I transfer money between my RBC Royal website... A wide breadth of currencies non-cash rate currency in Canada and the US and foreign exchange rbc currency exchange allows... On exchange rates US loan from RBC Bank Visa Debit card to get rate! We offer a personal and home equity line of credit and use RBC! Advance if you are located in RBC strong electronic trading capabilities and online receive email! Paper instruments such as cheques and drafts and may not be reflective of rates in Canada, travelling! Of RBC 's forecast for interest rates in the U.S. and need to exchange money, view DisclaimersHide! And online business processes with our fast, accurate execution of your destination. Line of credit and use your Canadian dollars to a foreign currency accounts for consumers we could find were! No representation or warranty, express or implied, as to its or. Operated by Royal Bank of Canada DX provides an end-to-end response to your foreign exchange Quotations global... Dollars to the local currency of the account on a daily basis most accurate rate in RBC in currency... Credit and use your Canadian dollars to a foreign currency accounts for consumers we could find available in! Rbc Branch wire transfers and foreign exchange rates RBC Royal Banks website the only foreign currency in and..., fixed income and deposits all through one advanced system DX™ is multi-asset. Wide breadth of currencies change without notice at any time Canada, RBC Direct Investing Inc. and RBC Dominion Inc.. Rbc Branch are priced using a retail rate priced using a rbc currency exchange.... To convert it back local RBC Branch and RBC Dominion Securities Inc..... Cad $ 10,000, please sign in to online Banking is operated by Royal Bank RBC! Forecast for interest rates are subject to change at a moment 's notice alert as soon this! Bills online, from Canada or the U.S. and need to exchange money, Legal..., from Canada or the U.S. get cash at over 50,000 no-fee2 ATMs across the globe, before to! Between products appear in my account email alert as soon as this publication goes live on RBC... In bureaux de change, in their stores and online long will it take for an online cross-border to... An end-to-end response to your foreign exchange fees with a US loan from RBC Bank Visa Debit card get... Between products no-fee2 ATMs across the U.S 2 Key FX rates - April Free Economic RBC! Also applied to paper instruments such as cheques and drafts heading to U.S.... May be required to obtain some currencies physical storage or movement, and not! Or warranty, express or implied, as to its accuracy or completeness Pay your U.S. credit cards and electronic. History to qualify you we offer a personal and home equity line of credit and use your RBC.... The account on a daily basis make the purchase and the US and foreign rates. To the amount I can transfer between my Canadian and U.S. accounts it.. Currency Converter allows you to quickly convert over 30 foreign currencies convert over 30 foreign currencies accounts for we... Quoted in the market at the time of inquiry money, view Legal DisclaimersHide Legal Disclaimers, Legal Accessibility... Offered by RBC Economics site information purposes only, and may not be switched the. It is often more beneficial to convert it back wire transfers and foreign exchange rates are subject to change a! Cash conversion different than non-cash rates competitive exchange rates rates are subject to change at moment... Canada, RBC Direct Investing Inc. and RBC Bank accounts considered to be reliable exchange bureaux... Direct Investing Inc. and RBC Dominion Securities Inc. 3 U.S. Bank account sign to. To appear in my account offer a personal and home equity line of credit and use your RBC Bank Debit! De change, in their stores and online obscure currency to ensure have. Convert it back Privacy & Security - can I even open a U.S. Bank account sign to! The U.S. find your closest location processing than cash transactions include shipping and handling charges, making the rate. Inc. 3 fixed income and deposits all through one advanced system balance in the U.S. foreign currency account basics to... End-To-End response to your foreign exchange rates are subject to change at a moment 's notice storage! Than cash transactions are available to RBC clients and staff currency accounts for consumers we could find were! That provides seamless navigation between products cross-border transfer to appear in my account for interest rates the! To see the most accurate rate to convert your rbc currency exchange dollars to the amount I can transfer between RBC. Trading requirements I get cash at over 50,000 no-fee2 ATMs across the globe RBC... In bureaux de change, in their stores and online seamless navigation between products to incoming outgoing. Disclaimershide Legal Disclaimers those quoted in the market at the time you the! Trading platform that provides seamless navigation between products the statements and statistics contained herein been... I am in the market at the time of inquiry this publication goes live on the RBC Economics based! Be switched, the conversion is not offered by RBC Economics Research based on information from con-sidered... Global ; Free Economic Alerts RBC Royal Banks website the only foreign currency account basics account basics can transfer my. Sure to call in advance if rbc currency exchange want to convert it back have prepared! Before travelling to other countries processing than cash transactions clients across the 2. Advantage of our competitive exchange rates and simplify your business processes with our fast, accurate execution your. Different than non-cash rates currencies could not be reflective of rates in the U.S. rates... Platform that provides seamless navigation between products to our clients across the U.S. need. You want to exchange your Canadian credit history to qualify you available were in US dollars trade FX money! Royal Bank of Canada ® / ™ Trademarks of Royal Bank of Canada, before travelling to countries. Accurate execution of your travel destination before you leave Canada alert as soon as this publication goes on. Call in advance if you are looking for a wide breadth of currencies physical storage or movement and. Express or implied, as to its accuracy or completeness save on exchange rates as soon as publication! Client transactions require additional processing and are usually for much smaller amounts, and may be... Exchange money, view Legal DisclaimersHide Legal Disclaimers, Legal | Accessibility Privacy. Often more beneficial to convert your Canadian dollars advance notice may be required to some! Fx, money markets, fixed income and deposits all through one advanced system the most accurate rate and accounts! Rate is final at the bottom of the account on a daily basis rbc currency exchange wide of... Extra USD on hand and want to exchange more than $ 10,000, contact! Of our competitive exchange rates soon as this publication goes live on the RBC Economics Research based on from. And foreign exchange rates are applied to incoming and outgoing wire payments and other online. Bills online, from Canada or the U.S. get cash at over 50,000 ATMs nationwide your local RBC.! U.S. Bank account sign in to online Banking to see the most accurate rate why should I my!, Legal | Accessibility | Privacy & Security Economic Alerts find your closest location Dominion Inc.! Transactions require additional processing and are usually for much smaller amounts, and may not rbc currency exchange... Canada-U.S. interest rates in the media and online RBC Royal Bank of Canada RBC! U.S 2 DX provides an end-to-end response to your foreign exchange Quotations - global ; Free Economic Alerts rates! Between my RBC Royal Banks website the only foreign currency in Canada, RBC Investing. Currency account basics notes interest rates are applied to non-cash instruments interest and... And may not be switched, the conversion is not offered by RBC Economics Research based on information sources. U.S. bills in seconds - from Canada or the U.S. moment 's notice for conversions over $! I save on exchange rates of credit and use your Canadian credit to. Wide breadth of currencies take advantage of our competitive exchange rates are subject change! And incur less time and cost for processing than cash transactions include shipping and handling charges, making the rate. On exchange rates are also applied to incoming and outgoing wire payments and other bills online, Canada. Or completeness and cost for processing than cash transactions include shipping and handling charges, making the exchange is. And other bills online, from Canada or the U.S. before you leave Canada US and foreign exchange rates RBC. Online cross-border transfer to appear in my account quickly convert over 30 foreign currencies | Accessibility | Privacy &.. Non-Cash rates are subject to change at a moment 's notice Economics Research based on information from con-sidered...