What Foreign Currency Options Does RBC Offer?
RBC provides foreign currency savings accounts in euros, British pounds, and Hong Kong dollars for U.S. clients, with no minimum balance and no requirement to hold other products. These accounts support deposits, withdrawals, transfers, and wire payments, and offer interest earnings.(turn0search3)
Canadian and cross‑border residents benefit from enhanced services, such as U.S. dollar checking and high‑interest savings, as well as real‑time, fee‑free CAD–USD transfers and preferred exchange rates.(turn0search11)
Businesses have access to online foreign currency accounts that enable holding and managing foreign currency balances, reducing conversion costs. These accounts typically carry a monthly fee (~CAD 25) and transaction charges.(turn0search2)
Key Highlights
- Target Audience: U.S. individuals have access to EUR/GBP/HKD accounts; Canada-based and cross-border users enjoy more robust multi-currency features; businesses get online FX solutions.
- Convenience: Certain services allow instant online operations, while others require in-branch setup or incur fees.
- Focus: Cross-border support, currency holding, and cost control are central.
