Private Banking

Is Private Banking Right For You?

First in line to deliver your Private Banking experience is your dedicated Private Banker, who is supported by a Private Banking Associate, a Credit Structures Specialist and a specialized service response team. Each member of your team understands your complete financial picture.

Collectively, their purpose is to help you achieve your goals while assisting you with the ongoing management of your finances.   Think of us as your "quarterback". We do most things, but we rely on our valued partners to assist you with the things we don't do ourselves. We introduce you to these trusted partners to ensure that your needs are well looked after.

• For investment advisory and discretionary services, we partner with RBC Dominion Securities across the globe and RBC Asset Management in Trinidad and Tobago.
• For estate and succession planning we partner with third-party local, and RBC international partners as required.
• For business owners and executives, we collaborate with our local RBC Business Banking teams to deliver services for your business.
• Purchasing a business or issuing debt? Our Corporate Financial Advisory Services may be of interest.
• If you have family members living in different countries, businesses with international locations, or are looking to retire outside of your home country, our global RBC wealth management partners can help by ensuring your international interests are looked after.

To ensure the proactivity and responsiveness you expect in a private banking relationship, each Private Banker manages a finite group of clients.

Our Client Profile

Private Banking clients are typically business owners, wealthy families, executives or professionals who prefer personal relationships with a trusted advisor and team, to dealing with multiple service providers. Each client receives ongoing, tailored Private Banking solutions, created by a dedicated team and encompassing a minimum monthly fee.

Exclusive Products & Services

As a Private Banking client you will experience the highest level of care, which includes:

• Personalized service at our Private Banking Centres located in the jurisdictions of Trinidad & Tobago, Bahamas, Barbados and Cayman
• Direct contact with our Specialized Services Response Team to service your transaction needs
• A dedicated relationship manager – your Private Banker – who acts as your advocate throughout all areas of RBC and accepts your instructions by telephone, fax or email and setting-up of permanent instructions
• Mobile Private Banking meeting our clients at their preferred location, as well as priority service at all RBC Branches
• Borrowing solutions designed specifically for the high net worth client and higher limits on RBC personal and business credit cards
• Your Private Banker and credit specialists draw from a sophisticated suite of credit tools to create responsive solutions and a long-term plan to address your needs.

Your credit vehicles may include:

• Line of Credit
• Exclusive Black Platinum Credit Card (annual membership fee waived)
• Borrowing facilities designed for HNW clients
• Financial solutions for complex borrowing needs
• Flexible long/short term lending solutions
• Financing on second homes, construction or investor properties
• Overdraft Facilities*
• Non-resident/USD financing*

Deposit Products & Services:

• Private Banking Operational Account PLUS a combination of any three of the following accounts for one flat monthly fee:
  • Regular Savings Account
  • Business Current Account (Holding companies only)
  • US Savings Account*
• In addition to the four accounts comprising the basic Private Banking package, each dependent child within your household under the age of 18 and/or each full time student under the age of 25 is entitled to a free Leo Young Savers Account or Regular Savings Account, respectively
• Personalized/Private Banking branded cheque books (clients can also choose regular cheque books)
• RBC Royal Bank Visa Debit Card
• Unlimited FREE local ATM transactions and Point-of-Sale transactions at merchants
• Access to RBC ATMs and other ATMs & POS merchants wherever LINX, Visa or PLUS logos are displayed
• Customized daily limits at Automated Teller Machines (ATM) and Point-of-Sale (POS) terminals
• No charge for large deposits via over the counter*
• Free rental of a small safe deposit box or equivalent discount on a larger safe deposit box
• No service charges on:
  • Standing orders
  • Certificate of account balance / certificate of interest paid
  • Additional bank statements*
  • Local and foreign currency drafts
  • Renewal/replacement of client card
  • Bank Reference Letters*
  • International access to ATMs and POS through RBC Royal Bank Visa Debit

  *Not available in all markets. Speak to your Private Banker to learn more about the solutions listed above.

Investment Advisory Services

If you prefer to take a more active role in your investments, your Private Banker will work with you and partner with wealth management experts and investment advisors to match your needs and the discretionary investment management you require.

You will have an unparalleled selection of investments to choose from – everything from government bonds, corporate bonds, international equities, mutual funds and derivatives.

Your Private Banker and Wealth Management partners will help you choose which investments are right for your individual situation based upon your needs and preferences. Always keeping a watchful eye on your overall wealth management strategy, your Private Banker can captain a tailor-made team of specialists to meet your needs.

To keep things simple and personal, your Private Banker will remain your key point of contact for all of your RBC relationships.

The Private Banking Team through its partners can provide you with access to:

• Discretionary Investment Management
• Estate and Trust Planning
• Wealth Management
• Corporate Banking
• Other Services