Wire Payments in RBC Online Banking for business – Fees and Cut-Off Schedule

Wire Payment Fees

The fees and wire amount for outgoing wire payments from RBC Online Banking for business CAD or USD accounts are listed below.

Wire amount	< $2,500 CAD	$2,500 to $10,000 CAD
Fee¹	$15 CAD or USD	$20 CAD or USD

1) Fees stated are in the currency of the debit account. Wire amount is denominated in Canadian Dollars or the equivalent amount in United States Dollars, as determined by RBC in accordance with its prevailing foreign exchange rates at the time of transaction.

Wire Payment Follow-Up Actions

There are various follow-up actions available based on the status of your wire payment.

Type of Follow-Up Action	Fee
Investigation request (also known as Wire payment not received) (up to 60 days after the transaction date)	$25 + GST for RBC recipients, or: $50 + GST² for requests sent to a bank other than RBC
Investigation request (also known as Wire payment not received) (more than 60 days after the transaction date)	$50 + GST for RBC recipients, or: $75 + GST² for requests sent to a bank other than RBC
Cancellation Request We will do our best to cancel your wire payment; however, cancellation is not guaranteed.	$25 + GST for RBC recipients, or; $50 + GST³ for requests sent to a bank other than RBC
Wire payment not processed as requested E.g. If an investigation reveals that your payment wasn’t sent as intended.	No charge

2) Additional fees for any follow-up request or returned payment may be collected by the recipient bank from the wire payment funds.
3) The fees for a cancellation request are applicable whether or not the recipient bank returns the funds.

Wire Payment Cut-Off Schedule

The following schedule applies to Canadian or U.S. dollar wire payments.

Recipient	Cut-Off Time
Domestic RBC Royal Bank accounts	6:00 p.m. ET
Financial institutions in Canada or the U.S.	4:30 p.m. ET
Financial institutions in the U.S. involving foreign currency conversion	4:30 p.m. ET (send 2 business days before the estimated delivery date)
Financial institutions outside of Canada and the U.S.	6:00 p.m. ET (send 1 business day before the estimated delivery date)
Financial institutions outside of Canada and the U.S. involving foreign currency conversion	6:00 p.m. ET (send 2 business days before the estimated delivery date)