Putting our global reach to work for your business
We’re expanding our capabilities to support your international business needs.
Use the tool below to explore the product and service solutions that RBC Royal Bank has to offer specifically in Latin America.
Where do you want to go? What do you want to do?
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It has only been a positive experience. The service has been superb. I think the products have been creative in helping us manage our export business especially for each unique situation in each country.
It is clear to me that my account manager is a business person, as well as, a banker and really understands the challenges we have. He is always able to support us in the turnaround and make it happen quickly.
- Larry Gatien, President & CEO
Roadware Group Inc., Paris, Ontario
Manage your Latin American cash flows from Canada
You can make and receive payments in foreign currencies using your existing RBC accounts:
Choose the payment method that matches your needs and have it converted to foreign currency when the payment is sent.
Foreign currency receivables—cheques, drafts, money orders and wire transfers—can be sent directly to your Canadian dollar account for conversion and deposit.
If you do business in regions around the world where the U.S. dollar is commonly used and you have both incoming and outgoing U.S. dollar flows, you can make the process easier by opening a U.S. dollar business deposit account.
With all RBC U.S. dollar business accounts, you don’t have to worry about converting currency for each transaction. You can:
Deposit US dollar funds
Make US dollar payments
Take advantage of favourable rates by converting larger amounts of currency at a time
Improve your business efficiency with a U.S. dollar business account
If you are already an RBC business client, your Account Manager can help you determine your best banking option.
Take advantage of our international expertise
Our dedicated specialists can show you how to put our strength to work for you and help you succeed in achieving your global business goals.
To find out how you can take advantage of our expert business advice and solutions, please contact your RBC Account Manager today or call 1-800-ROYAL® 2-0 (1-800-769-2520).
Optimize the value of your foreign currency cash flows
Transacting business in any foreign currency can be challenging—and the timing of your currency conversions can often have a major impact on your business results.
As you navigate the challenges and opportunities of doing business in other regions around the world, let us help you improve your foreign currency cash flows by maximizing the value of your receivables and minimizing the cost of your payables.
Take advantage of our competitive exchange rates and simplify your business processes with our flawless execution of your foreign exchange transactions.
Foreign currency transactions
You can make and receive payments in foreign currencies using your existing RBC accounts:
Choose the payment method that matches your needs and then convert your Canadian dollars to foreign currency when the payment is sent.
Foreign currency receivables—cheques, drafts, money orders and wire transfers—can be sent directly to your Canadian dollar account for conversion and deposit.
Choose from a full range of foreign exchange services
As your international business grows and changes, you can choose from a comprehensive range of foreign exchange services at RBC Royal Bank.
Whether your transactions are for $100 or $100 million, our integrated foreign exchange solutions will help you to:
Minimize your exchange rate risk on future transactions
Optimize the value of your foreign currency cash flows
Improve your business planning
Take advantage of our international expertise
Our dedicated specialists can show you how to put our strength to work for you and help you succeed in achieving your global business goals.
To find out how you can take advantage of our expert business advice and solutions, please contact your RBC Account Manager today or call 1-800-ROYAL® 2-0 (1-800-769-2520).
Make cost-effective payments to Latin American suppliers
Whether your company is just starting out or has established a reputation in the region, making on-time, cost-effective payments is essential to strengthen relationships and build your business.
You can reassure suppliers that they will be paid by using one of the following payment methods:
Provide a wire transfer in the requested currency to ensure the payment is received quickly and cannot be disputed.
Pay upon receipt of shipping documents sent from their bank to RBC via documentary collection—with this method, you can be sure the goods have been shipped before you pay.
Pay with a draft or money order in the currency your suppliers request
You can use your business credit card to pay for smaller purchases and for business expenses such as travel and entertainment.
Take advantage of our international expertise
Our dedicated specialists can show you how to put our strength to work for you and help you succeed in achieving your global business goals.
To find out how you can take advantage of our expert business advice and solutions, please contact your RBC Account Manager today or call 1-800-ROYAL® 2-0 (1-800-769-2520).
Protect your cash flow and reduce risk on Latin American receivables
Whether your company is just starting out or has an established clientele in the region, you need to be sure you receive payments as quickly and securely as possible.
You can request payment from your customers in one of the following ways:
A wire transfer in the currency of your choice—this ensures you receive quick payment that cannot be disputed.
A draft or money order in the currency of your choice instead of a conventional cheque. You can convert the funds to Canadian dollars using RBC Foreign Exchange, or deposit U.S. dollars directly to your U.S. Business Deposit Account
A letter of credit issued by the purchaser’s bank, to ensure that you are paid once you have shipped the goods according to the conditions of the letter of credit.
For very large or unusual transactions, ask your account manager to suggest ways to ensure you are paid.
If you are selling online:
You can accept credit card payments in Canadian dollars—the card issuer will automatically convert these from each customer’s local currency. Moneris Solutions® can enable you to accept credit card payments online.
Take advantage of our international expertise
Our dedicated specialists can show you how to put our strength to work for you and help you succeed in achieving your global business goals.
To find out how you can take advantage of our expert business advice and solutions, please contact your RBC Account Manager today or call 1-800-ROYAL® 2-0 (1-800-769-2520).
Ninety-nine percent of our business is in exports around the world. One of the things that is attractive to me is how well RBC and EDC have products that dovetail to support my export efforts. Essentially, I have insurance on my receivables around the world. The level of cooperation and communication between RBC and EDC is quite astounding.
- Larry Gatien, President & CEO
Roadware Group Inc., Paris, Ontario
® Moneris and the Moneris Solutions logo are registered trademarks of Moneris Solutions Corporation
Take 24/7 control of your cash management
Whether you’re in the office or halfway around the world, you can make the most of your cash management with anytime, anywhere access to your up-to-date banking and transaction information.
Choose one of these secure and reliable web-based solutions, according to a simple, medium or complex business need:
A simple online banking solution
If you are the only person who can access your company’s bank accounts, you can use Online Banking for Business. With a single sign-on, you can:
View business account balances and transactions at RBC in Canada
View card balances and detailed transaction history for Canadian-dollar VISA* accounts
Connect the right people with the right information
If others in your company have limited or complete access to the company’s bank accounts, RBC Express Business Basics enables you to:
Control access and authority levels for business account information and payments
Set up pre-approvals of postdated transactions for times when key people will not be available
View and transact among your accounts for multiple associated companies in one online session
A powerful web-based cash management tool
As your banking needs become more complex, you can take advantage of the features offered in RBC Express Treasury Management to:
View and transfer between accounts, including those at certain other banks in Canada and around the world
Efficiently create, manage and monitor global transactions
If you use letters of credit, documentary collections, or guarantees in your international business, you can use RBC Online Global Trade Services to:
Create and report on letters of credit, documentary collections and guarantees
Set up SWIFT-ready templates for your outgoing trade instruments
View incoming letters of credit and documentary collections
Choose standard or customized reports and receive time-sensitive information on an hourly basis.
Take advantage of our international expertise
Our dedicated specialists can show you how to put our strength to work for you and help you succeed in achieving your global business goals.
To find out how you can take advantage of our expert business advice and solutions, please contact your RBC Account Manager today or call 1-800-ROYAL® 2-0 (1-800-769-2520).
Get the business financing you need
Expanding your business in the Latin American region can increase your need for financing. Most RBC business loans are available in both Canadian and U.S. dollars.
Talk to your Account Manager about all the options for financing to help your business grow and succeed in other regions.
Take advantage of our international expertise
Our dedicated specialists can show you how to put our strength to work for you and help you succeed in achieving your global business goals.
To find out how you can take advantage of our expert business advice and solutions, please contact your RBC Account Manager today or call 1-800-ROYAL® 2-0 (1-800-769-2520).
Improve and control your travel and entertainment expense management
Travel and entertainment is one of the largest controllable costs most companies face today. The challenge is to balance your business travelers’ valuable convenience and security with increased cost efficiencies and control.
When you or your sales staff are traveling in other regions around the world, you can keep track of business expenses, conveniently pay local suppliers and set individual spending limits on each card you issue. You can also take advantage of the world’s largest cash advance system, enabling you to withdraw cash in local currency from more than one million ATMS in 170 countries.
RBC Royal Bank offers a comprehensive choice of cards with many different levels of insurance protection and cardholder rewards.
Through our relationship with U.S. Bank Canada, we can also offer Canadian and U.S. dollar cards to help larger businesses control and streamline their expense and purchasing processes.
Ask your account manager to help you decide which card program fits your business best.
Take advantage of our international expertise
Our dedicated specialists can show you how to put our strength to work for you and help you succeed in achieving your global business goals.
To find out how you can take advantage of our expert business advice and solutions, please contact your RBC Account Manager today or call 1-800-ROYAL® 2-0 (1-800-769-2520).
It has only been a positive experience. The service has been superb. I think the products have been creative in helping us manage our export business especially for each unique situation in each country.
It is clear to me that my account manager is a business person, as well as, a banker and really understands the challenges we have. He is always able to support us in the turnaround and make it happen quickly.
