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

Wire Payment Fees

The fees for outgoing wire payments from RBC Online Banking for business are listed below.

Canadian $ Value	< $2,500	$2,500 to $10,000
Fee¹	$15.00	$20.00

1) Fees are the same for both Canadian and U.S. dollar wire payments. Limits and fees for payments from U.S. dollar accounts are based on the value in Canadian dollars.

Wire Payment Follow-Up Actions

Type of Follow-Up Action	Fee
Payment not received Up to 60 days after the transaction date	$25.00 + GST If another financial institution needs to be contacted to complete the investigation, a fee of $50.00 + GST² applies
Payment not received More than 60 days after the transaction date	$50.00 + GST If another financial institution needs to be contacted to complete the investigation, a fee of $75.00 + GST² applies
Cancellation Request We will do our best to cancel your wire payment; however, cancellation is not guaranteed.	$25.00 + GST If the recipient bank is not RBC, a fee of $50.00 + GST³ applies
Improper processing Wire payment not processed as you requested	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	18:00 ET
Financial institutions in Canada or the U.S.	16:30 ET
Financial institutions in the U.S. involving foreign currency conversion	16:30 ET (send 2 business days before the estimated delivery date)
Financial institutions outside of Canada and the U.S.	18:00 ET (send 1 business day before the estimated delivery date)
Financial institutions outside of Canada and the U.S. involving foreign currency conversion	18:00 ET (send 2 business days before the estimated delivery date)