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Commercial Banking > Global Banking > Other Areas > Opening an Account

Opening an Account

Manage Your Foreign 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

A US Business Deposit Account in Canada is the right choice if you want to:

  • Make payments using wire transfers, drafts and money orders
  • 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 Physical Access to an Account in the Region?

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 1-800-769-2520.

 

Foreign exchange