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Making Payments

Make Payments to Suppliers in the Asia-Pacific Region

Whether your business is just starting out or has established a reputation in the region, making payments on time 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:

  • Pay when goods are shipped through a letter of credit sent to their bank by RBC Royal Bank—this enables you to specify payment terms and conditions
  • Pay upon receipt of shipping documents sent from their bank to RBC Royal Bank via documentary collection—with this method, you can be sure the goods have been shipped before you pay
  • Provide a wire transfer in the requested currency to ensure the payment is received quickly and cannot be disputed
  • Pay with a draft or money order in the currency your suppliers request
 

Control Cash Flow, Reduce Expenses and Help Prevent Fraud

If your RBC Account Manager has helped you open a bank account based in the Asia-Pacific region, you can also benefit from the low cost and convenience of electronic payments.

You can use your account to make domestic and cross-border electronic payments in local currencies.

This will enable you to:

  • Predict your cash flow more accurately
  • Mitigate fraud
  • Increase convenience for employees and suppliers.

You can also use electronic payments to pay employees and reimburse them for expense claims in their local currencies.

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 1-800-769-2520.

 

Foreign exchange
RBC Express

 

We needed financing for a new project to manufacture heating units in China. Our client had a letter of credit made out to us, which we used to obtain financing at RBC. Our request was not typical, but our account manager analyzed the transaction carefully, and after a short period of time, the financing was approved and set up. I was very impressed; for open-mindedness, RBC wins hands down.

- Michel Gagne, Vice President
Unitherma Climatisation Chauffage Confort,
Saint-Constant, Quebec