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 the United States.
Where do you want to go? What do you want to do?
Location:
Service:
We are very proud to be working with RBC. They are always listening to what our challenges are and coming up with business solutions for us.
- David Rogne, President, Emercor Ltd., Calgary, Alberta
Save time and money with a U.S. dollar business account
If you do business in the U.S.—or other countries where the U.S. dollar is commonly used—you can improve your efficiency 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 U.S. dollar funds
Make U.S. dollar payments
Take advantage of favourable rates by converting larger amounts of currency at a time
A US Business Deposit Account in Canada with par crossing service allows cheques to be cleared through a US bank. This service meets your needs for:
Cheques that clear more quickly
Payments to suppliers who are more comfortable with cheques drawn on a U.S. bank
If you are already an RBC client, and require an account in the U.S. for your business operations, we can help you arrange to open an account. This enables you to:
Access the account physically in the U.S.
Operate a payroll
Take credit card deposits
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).
Transacting business in U.S. dollars—or any other foreign currency—can be challenging. 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 the U.S., let us help you improve your U.S. dollar cash flows by maximizing the value of your U.S. dollar receivables and minimizing the cost of your U.S. dollar payables.
Take advantage of our competitive exchange rates and simplify your business processes with our fast, accurate execution of your foreign exchange transactions.
U.S. dollar transactions
You can make and receive payments in U.S. dollars without having to open a U.S. account:
Choose the payment method that matches your needs and then convert your Canadian dollars to U.S. dollars when the payment is sent.
U.S. dollar 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 U.S. dollar 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).
I use the foreign exchange treasury often and buy forwards on a regular basis. To conduct the transaction is effortless. We do millions of dollars a year in foreign exchange transactions and it is very easy. Also, we receive foreign exchange updates on the market regularly and that is very helpful.
- Larry Gatien, President & CEO, Roadware Group Inc., Paris, Ontario
Make cost-effective payments to U.S. suppliers and employees
Whether your company is just starting out or has established a reputation in another country, making on-time, cost-effective payments is essential to strengthening relationships and building your business.
If your suppliers are concerned about the time it takes for cheques from Canadian banks to clear, and you need the cheque to clear more quickly:
You can reassure suppliers that they will be paid by using one of the following payment methods:
Pay with a U.S. dollar draft or a money order instead of a conventional cheque.
Provide a wire transfer to ensure the payment is received quickly and cannot be disputed.
Pay upon receipt of shipping documents sent from their bank to Royal Bank® via documentary collection—with this method, you can be sure the goods have been shipped before you pay.
You can use your business credit card to pay for smaller purchases and for business expenses such as travel and entertainment.
Control cash flow, reduce expenses and help prevent fraud
If you prefer the low cost and convenience of electronic payments, ACH Direct Deposits will enable you to:
Pay U.S. state and federal taxes electronically
Predict your cash flow more accurately
Mitigate fraud
Increase convenience for employees and suppliers
You can also use ACH Direct Deposits to pay employees and reimburse them for expense claims.
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).
We had a supplier who needed to get our cheques faster but I was traveling a lot and unable to provide my signature. RBC Express allows our people to make wire transfers and direct deposits online. As long as I have internet access, I can review and approve these transactions. It’s made ordering seamless as we now have most of our major suppliers on the program.
- David Rogne, President, Emercor Ltd., Calgary, Alberta
Protect your cash flow and reduce risk on U.S. receivables
Whether your company is just starting out or has an established clientele in the U.S., you need to be sure you receive payments as quickly and securely as possible.
If you are selling to retail customers:
You can accept credit and debit card payments through physical terminals or online. Your Moneris Solutions® representative in Canada can put you in touch with Moneris in the U.S. This will require that you open a bank account in the U.S.
If you are dealing with new customers, you can request:
A U.S. dollar draft or money order instead of a conventional cheque. You can deposit this to your U.S. Business Deposit Account or convert the funds to Canadian dollars.
A wire transfer to ensure you receive quick payment that cannot be disputed
Payment on receipt of shipping documents sent to their bank through Royal Bank documentary collection
For very large or unusual transactions, you may wish to use a letter of credit.
Ask your account manager to recommend the best way to ensure you are paid.
If you are dealing with established customers or those who will only pay by cheque, you can:
If you would like to accelerate collection of your US dollar receivables, you can:
Use a lockbox where customers mail cheques to a U.S. address. With lockbox service, cheques are automatically deposited to your U.S. dollar account in Canada. This enables you to improve your cash flow by reducing mail time and increase your efficiency by outsourcing receivables processing. You can also choose to receive payment details in an electronic image file, on CDs, by fax or email.
Control cash flow and improve forecasting
For recurring or individual payments, you can:
Use ACH Direct Payments to collect payments on specific dates. Payments come directly from customers’ U.S. dollar accounts in the U.S. or Canada.
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).
With a growing company, cash flow was very important and not being able to predict the receipt of cheques through the mail was a problem. The solution to this was an RBC U.S. lock box. It has sped up our receivables collection by two to four weeks, made it easy to predict our cash flow, and it is much more convenient. This took the headaches out of it and we now have all of our distributors using this service. It works very very well.
- David Rogne, President, Emercor Ltd., Calgary, Alberta
® Moneris and the Moneris Solutions logo are registered trademarks of Moneris Solutions Corporation
® Registered trademarks of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada.
Take 24/7 control of your cash management
Whether you’re in the office or halfway around the world, you can manage your cash flow with up-to-date access to your U.S. dollar banking and transaction information.
Our Canadian internet banking solutions provide you with the features and ease of use to manage your U.S. dollar cash flow. 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 for U.S. and Canadian dollar accounts 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, the U.S. and around the world
If you use documentary collections, guarantees or even the occasional letter of credit in your U.S business, you can use RBC Online Global Trade Services to apply for, manage, and monitor documentary collections, letters of guarantee and letters of credit.
View and transact on your RBC Centura accounts
If you have a Business Account at RBC Centura and your business is registered in the U.S., you may be able to use RBC Centura Web Banking for Business.
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 U.S. dollar financing you need
Expanding your business in the U.S. 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 the U.S.
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).
One of the first things we set up at the beginning of the relationship was financing Work in Progress inventory. This assisted the company finance longer term contracts with businesses around the world and assisted with the growth of our business worldwide.
- Larry Gatien, President & CEO, Roadware Group Inc., Paris, Ontario
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 around the U.S., 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).
We are very proud to be working with RBC. They are always listening to what our challenges are and coming up with business solutions for us. 
