-
Conversion-free transfers for USD, EUR, GBP and HKD currencies held in RBC U.S. and RBC Foreign Currency Accounts
-
Digital self-serve available any time through RBC Online Banking and the RBC Mobile app* – no branch visit required
-
Zero RBC transfer fees**
-
No monthly fee, no minimum balance for RBC Foreign Currency Accounts
TORONTO, Oct. 1, 2026 /CNW/ — RBC is making it simpler to send money around the world. Following the launch of International Money Transfers from USD accounts earlier this year, clients can now send same-currency International Money Transfers from their Euro, British pound, and Hong Kong dollar accounts – without paying any RBC transfer fees.
“As a globally connected bank, we want international payments to feel seamless and reliable for Canadians,” said Amit Sahasrabudhe, Senior Vice President, Personal Banking & Investments, RBC. “Until now, sending money abroad digitally meant starting with Canadian dollars first. We’ve removed that requirement and dropped the RBC transfer fee so clients can move money around the world with less hassle and more speed.”
Key features of RBC’s International Money Transfer service include:
-
Send money directly in the currency held in RBC U.S. and RBC Foreign Currency Accounts. USD, EUR, GBP or HKD can now be sent abroad in that currency.
-
No exchange rate surprises. By sending International Money Transfers in the foreign currency they already hold, clients avoid foreign exchange surprises at the time of the transaction and gain greater clarity on what will arrive for recipients.**
-
Digital self-serve. Send International Money Transfers any time through RBC Online Banking and the RBC Mobile app. No branch visit required.
-
No minimum balance required, no monthly account fee. There is no need to carry a minimum balance in an RBC Foreign Currency Account and it’s a no-monthly-fee account.
-
Transfers can arrive at the destination within minutes. Clients can send up to C$50,000 equivalent per day ($C100 equivalent minimum per transfer), with funds typically arriving within 2 days.***
-
Pay $0 in RBC transfer fees. Send International Money Transfers from RBC U.S. and RBC Foreign Currency Accounts with no RBC transfer fee.**
* RBC Online Banking and the RBC Mobile app are provided by Royal Bank of Canada.
** Additional service fees by any intermediary and receiving bank may apply.
*** In some cases, payments may take additional time for processing by RBC, intermediaries and/or beneficiary banks.
“Many Canadians rely on international payment solutions to support family abroad, pay for tuition or manage property overseas, among other needs. What they’ve told us is clear: they want these transfers to be as fast and easy as everything else they do in RBC Online Banking and the Mobile app,” said Jay Acharya, Senior Vice President, Everyday Banking, RBC. “That’s exactly what we’re making possible.”
