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Save Time and Money and Reduce Risk on Your Global Business Transactions
Enjoy the flexibility of managing your foreign currency inflows and outflows without having to convert currency for each transaction.
Monthly Fee: $25.00
Minimum Balance: None
Locate a Branch Near You
Find a Branch
Call our 24/7 Business Helpline
1-800-769-2520This Account May Be Right for Your Business If:
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Your business makes and receives payments outside of Canadian and U.S. dollars
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You want to control when you convert your foreign currency
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You want the convenience of managing your account online
Account Details
Take Advantage of Favourable Rates
Hold your foreign currency and convert when you choose to. Also, get more favourable exchange rates by converting larger amounts.
Transact in Currency You Are Doing Business In
A Foreign Currency Account allows you to make and accept payments in the currency you are doing business in and save on foreign exchange conversion costs by not having to buy or sell foreign exchange with every transaction.
No Minimum Balance Required
There’s no commitment to hold a certain balance level on your account.
Additional Details
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Choose Your Currency: Initiate wire payments and transfer funds between your accounts in the currency of your choice.
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Save Time Making Recurring Wire Payments: Simply create a repetitive template to easily set up future payments.
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Keep Track of It All: Export reports quickly and accurately to Excel, CSV, XML.
Fee Details
Monthly Fee: $25.00
1 free debits per month
View Full Pricing ChartThe Foreign Currency Account can help you save time and add cash management convenience. See the below pricing chart for more details.
| Services and Fees | Foreign Current Account | |
|---|---|---|
| Monthly Fee | $25.00 (includes one free debit per month) | |
| Outgoing account transfer | $10.00* | |
| Incoming wire | $17.00 | |
| Incoming transfer from RBC CAD/USD account | $10.00 | |
| Interim Statement (ad hoc and regularly scheduled) | $6.00 | |
| Reporting of balances and transactions in RBC Express | Free for clients enrolled in RBC Express Balance and Transaction Reporting | |
| Reporting of balances and transactions to another financial institution | $150.00 for set-up / $80.00 monthly / $0.035 per transaction | |
| Bank Draft | Not available (online transaction only) | |
| Chequing | N/A | |
| Deposit paper item – RBC-issued | N/A | |
| Deposit paper item – non-RBC | N/A | |
| Negative interest charge on foreign currency account balances denominated in respective currencies | Japanese Yen | 1.00% per annum** |
Notwithstanding the foregoing, please note that additional fees and charges for inactive or dormant Online Foreign Currency Accounts may apply that are included under the heading “Handling of unclaimed balances in inactive business deposit accounts” within the RBC Business Accounts & Fees brochure. These rates, fees and charges in the RBC Business Accounts & Fees brochure are subject to change. Consult the current version of the RBC Business Accounts & Fees brochure or your RBC relationship manager for the most up-to-date information.”
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