RBC stands for the “Royal Bank of Canada,” and though theirs is the largest branch and bank ATM network in Canada, they serve consumers all over the globe. They have branches in 36 countries, around 84,000 employees, and 16 million clients. In 2016, RBC earned $10.5 billion in income.
RBC helps make banking easier for Canadians who work or travel in the United States. They’re available in all 50 states, and they don’t charge fees for Canadians to use U.S. ATMs. They also allow Canadians to transfer money between their Canadian and U.S. accounts for free. They offer both Checking and Savings accounts, and their credit cards allow you to save on foreign transaction fees. If you’re planning on moving to Canada or are new to the country, they also have helpful information about building a Canadian credit score (which is different than a US credit score).
RBC Royal Bank incorporated in 1869, giving it a long and rich history. Interested visitors can read the book Quick to the Frontier, which is available to download for free on their website and details the beginnings of RBC. In 1995, RBC was the first Canadian bank to have a website.
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