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)