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Commercial Banking > Global Banking > Asia-Pacific > Opening an Account

Opening an Account

Manage Your Asia-Pacific Cash Flows from Canada

You can make and receive payments in foreign currencies using your existing accounts with RBC Royal Bank in Canada:

  • 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 countries in the Asia-Pacific region 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 Royal Bank 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
  • Collect receivables in U.S. dollars
  • Hold U.S. dollars on deposit without the need to convert currency for each transaction
  • Access your account online 24/7 with RBC Express or Online Banking for Business

Need Access to an Account in the Region?

If you require an account based in the Asia-Pacific region for your business operations, an RBC Account Manager can help you open an account1 in local currencies, U.S. dollars, Euros or any other major currency in the following locations:

  • Australia
  • China
  • Hong Kong
  • New Zealand
  • Singapore
  • Vietnam

This enables you to:

  • Maintain operating deposit accounts in local currencies and other major currencies
  • Pay your employees
  • Make and receive domestic and international electronic payments
  • Make and receive payments by cheque in countries where cheques are used

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

1) The opening of accounts and the provision of related services outside of Canada may be by other banks and subject to their own terms and conditions.