International Business Banking

You can make and receive payments in foreign currencies using your existing accounts with RBC Royal Bank in Canada:

• Choose the payment method that matches your needs and have it converted to foreign currency when the payment is sent.
• Foreign currency receivables—cheques, drafts, money orders and wire transfers—can be sent directly to your Canadian dollar account for conversion and deposit.
• Access your account online 24/7 with Premium Banking with RBC Express^® or Standard Online Banking for Business

Need Access to an Account in the Region?

If you require an account based in Europe for your business operations, an RBC Account Manager can help you open an account¹ in Europe in Euros, Pounds Sterling, Swiss Francs or any other major currency in the following locations:

• Austria
• Belgium
• France
• Germany
• Italy
• Netherlands
• Portugal
• Spain
• Switzerland
• United Kingdom

This enables you to:

• Maintain operating deposit accounts in Euros, Pounds Sterling, Swiss Francs and other major currencies
• Pay your employees
• Make and receive domestic and international electronic payments
• Make and receive payments by cheque in countries where cheques are used

As you navigate the challenges and opportunities of doing business in Europe, we can help you improve your foreign currency cash flows by maximizing the value of your receivables and minimizing the cost of your payables.

Foreign Currency Transactions

You can make and receive payments in foreign currencies using your existing accounts with RBC Royal Bank in Canada:

• Choose the payment method that matches your needs and then convert your Canadian dollars to foreign currency when the payment is sent.
• Foreign currency receivables—cheques, drafts, money orders and wire transfers—can be sent directly to your Canadian dollar account for conversion and deposit.

Choose from a Full Range of Foreign Exchange Services

As your international business grows and changes, you can choose from a comprehensive range of foreign exchange services at RBC Royal Bank.

Whether your transactions are for $100 or $100 million, foreign exchange solutions will help you to:

• Minimize your exchange rate risk on future transactions
• Optimize the value of your foreign currency cash flows
• Improve your business planning

Whether your business is just starting out or has established a reputation in Europe, making payments on time is essential to strengthen relationships and build your business.

You can reassure suppliers that they will be paid by using one of the following payment methods:

• Provide a wire transfer in the requested currency to ensure the payment is received quickly and cannot be disputed
• Pay upon receipt of shipping documents sent from their bank to RBC Royal Bank via documentary collection—with this method, you can be sure the goods have been shipped before you pay
• Pay with a draft or money order in the currency your suppliers request (it’s important to note that cheques are used less often in Europe)

If your RBC Account Manager has helped you open a bank account in Europe, you can also benefit from the low cost and convenience of electronic payments.

You can use your account to make domestic and cross-border electronic payments in Euros, Pounds Sterling or Swiss Francs.

This will enable you to:

• Predict your cash flow more accurately
• Mitigate fraud
• Increase convenience for employees and suppliers

You can also use electronic payments to pay employees and reimburse them for expense claims in their local currencies.

You can use your business credit card to pay for smaller purchases and for business expenses such as travel and entertainment.

Whether your business is just starting out or has an established clientele in Europe, you need to be sure you receive payments as quickly and securely as possible.

You can request payment from your customers in one of the following ways:

• A wire transfer in the currency of your choice—this ensures you receive quick payment that cannot be disputed.
• A draft or money order in the currency of your choice. You can convert the funds to Canadian dollars using RBC Foreign Exchange.
• Payment on receipt of shipping documents sent to their bank through RBC Royal Bank documentary collection.

If you are selling online, you can accept credit card payments in Canadian dollars—the card issuer will automatically convert these from each customer’s local currency. Payment Solutions by Moneris^‡ can enable you to accept credit card payments online.

If you require an account based in Europe for your business operations, an RBC Account Manager can help you open an account in Europe in Euros, Pounds Sterling, Swiss Francs or any other major currency in the following locations:

• Austria
• Belgium
• France
• Germany
• Italy
• Netherlands
• Portugal
• Spain
• Switzerland
• United Kingdom

This enables you to:

• Maintain operating deposit accounts in Euros, Pounds Sterling, Swiss Francs and other major currencies
• Pay your employees
• Make and receive domestic and international electronic payments
• Make and receive payments by cheque in countries where cheques are used

If your account is in France or Germany, you can also accelerate collection of your European receivables by using a lockbox. With a lockbox, your customers mail payments to a French or German address and the payments are then automatically deposited to your account in that country.

In some countries, you can take advantage of services that allow you to print and distribute cheques that you issue from the convenience of your office in Canada.

And in some countries, for recurring or individual payments, you can collect payments on specific dates via domestic pre-authorized direct debits in local currency. Payments come directly from the customer’s local account.

Premium Online Banking by RBC Express offers you a broad range of benefits to increase control over your cash with the convenience you need:

• Control access and authority levels for business account information and payments
• Set up pre-approvals of postdated transactions for times when key people will not be available
• View and transact among your accounts for multiple associated businesses in one online session

As your banking needs become more complex, you can take advantage of the additional features offered in RBC Express Treasury Management to:

• View balances and transfer funds between accounts, including those at certain other banks in Canada, Europe, and around the world
• Send electronic payments
• Receive notification and full details of incoming wire payments
• Arrange for preferred rates on foreign exchange

If your RBC Account Manager has helped you open a bank account in Europe, you can use the convenience of RBC Express Global Banking to consolidate your global banking and manage your international cash position.

• View balances and transactions
• Send electronic payments instructions, including low-cost international payments within the Single Euro Payments Area
• Receive electronic payments and view corresponding information

If you use letters of credit, documentary collections or guarantees in your international business, you can use RBC Online Global Trade Services to:

• Create and report on letters of credit, documentary collections and guarantees
• Set up SWIFT-ready templates for your outgoing trade instruments
• View incoming letters of credit and documentary collections
• Choose standard or customized reports and receive time-sensitive information on an hourly basis.

Expanding your business in Europe can increase your need for financing.

Talk to an RBC Account Manager about all the options for financing to help your business grow and succeed in Europe.

Travel and entertainment is one of the largest controllable costs most companies face today. The challenge is to balance your business travellers’ valuable convenience and security with increased cost efficiencies and control.

When you or your sales staff are travelling around Europe, you can keep track of business expenses, conveniently pay local suppliers and set individual spending limits on each card you issue. You can also take advantage of the world’s largest cash advance system, enabling you to withdraw cash in local currency from more than one million ATMs in 170 countries.

RBC Royal Bank offers a comprehensive choice of cards with many different levels of insurance protection and cardholder rewards.

Through our relationship with U.S. Bank Canada, we can also offer cards to help larger businesses control and streamline their expense and purchasing processes.

Ask your account manager to help you decide which card program fits your business best.

You can make and receive payments in foreign currencies using your existing RBC accounts:

• Choose the payment method that matches your needs and have it converted to foreign currency when the payment is sent.
• Foreign currency receivables—cheques, drafts, money orders and wire transfers—can be sent directly to your Canadian dollar account for conversion and deposit.

If you do business in countries in the Asia-Pacific region where the U.S. dollar is commonly used, and you have both incoming and outgoing U.S. dollar flows, you can make the process easier by opening a U.S. dollar business deposit account.

With all RBC Royal Bank U.S. dollar business accounts, you don’t have to worry about converting currency for each transaction. You can:

• Deposit U.S. dollar funds
• Make U.S. dollar payments
• Collect receivables in U.S. dollars
• Hold U.S. dollars on deposit without the need to convert currency for each transaction
• Access your account online 24/7 with Premium Banking with RBC Express or Standard Online Banking for Business

Need Access to an Account in the Region?

If you require an account based in the Asia-Pacific region for your business operations, an RBC Account Manager can help you open an account¹ in local currencies, U.S. dollars, Euros or any other major currency in the following locations:

• Australia
• China
• Hong Kong
• New Zealand
• Singapore
• Vietnam

This enables you to:

• Maintain operating deposit accounts in local currencies and other major currencies
• Pay your employees
• Make and receive domestic and international electronic payments
• Make and receive payments by cheque in countries where cheques are used

As you navigate the challenges and opportunities of doing business in the Asia-Pacific region, we can help you improve your foreign currency cash flows by maximizing the value of your receivables and minimizing the cost of your payables.

Foreign Currency Transactions

You can make and receive payments in foreign currencies using your existing accounts with RBC Royal Bank in Canada:

• Choose the payment method that matches your needs and then convert your Canadian dollars to foreign currency when the payment is sent.
• Foreign currency receivables—cheques, drafts, money orders and wire transfers—can be sent directly to your Canadian dollar account for conversion and deposit.

Choose from a Full Range of Foreign Exchange Services

As your international business grows and changes, you can choose from a comprehensive range of foreign exchange services at RBC Royal Bank.

Whether your transactions are for $100 or $100 million, foreign exchange solutions will help you to:

• Minimize your exchange rate risk on future transactions
• Optimize the value of your foreign currency cash flows
• Improve your business planning

Whether your business is just starting out or has established a reputation in the Asia-Pacific region, making payments on time is essential to strengthen relationships and build your business.

You can reassure suppliers that they will be paid by using one of the following payment methods:

• Provide a wire transfer in the requested currency to ensure the payment is received quickly and cannot be disputed
• Pay upon receipt of shipping documents sent from their bank to RBC Royal Bank via documentary collection—with this method, you can be sure the goods have been shipped before you pay
• Pay with a draft or money order in the currency your suppliers request

If your RBC Account Manager has helped you open a bank account in the Asia-Pacific region, you can also benefit from the low cost and convenience of electronic payments in local currencies.

This will enable you to:

• Predict your cash flow more accurately
• Mitigate fraud
• Increase convenience for employees and suppliers

You can also use electronic payments to pay employees and reimburse them for expense claims in their local currencies.

You can use your business credit card to pay for smaller purchases and for business expenses such as travel and entertainment.

Whether your business is just starting out or has an established clientele in the Asia-Pacific region, you need to be sure you receive payments as quickly and securely as possible.

You can request payment from your customers in one of the following ways:

• A letter of credit issued by the purchaser’s bank, to ensure that you are paid once you have shipped the goods according to the conditions of the letter of credit
• Payment on receipt of shipping documents sent to their bank through RBC Royal Bank documentary collection
• A wire transfer in the currency of your choice—this ensures you receive quick payment that cannot be disputed
• A draft or money order in the currency of your choice instead of a conventional cheque. You can convert the funds to Canadian dollars using RBC Royal Bank Foreign Exchange services, or deposit U.S. dollars directly to your U.S. Dollar Business Account

If you are selling online, you can accept credit card payments in Canadian dollars—the card issuer will automatically convert these from each customer’s local currency. Moneris Solutions^‡ can enable you to accept credit card payments online.

If you require an account based in the Asia-Pacific region for your business operations, an RBC Account Manager can help you open an account in Europe in Euros, Pounds Sterling, Swiss Francs or any other major currency in the following locations:

• Australia
• China
• Hong Kong
• New Zealand
• Singapore
• Vietnam

This enables you to:

• Maintain operating deposit accounts in local currencies and other major currencies
• Pay your employees
• Make and receive domestic and international electronic payments
• Make and receive payments by cheque in countries where cheques are used

If your account is in Hong Kong, you can also accelerate collection of your Asian-Pacific receivables by using a lockbox. With a lockbox, customers mail payments to an address in Hong Kong and the payments are then automatically deposited to your account in that country. This enables you to improve your cash flow by reducing mail time and increase your efficiency by outsourcing receivables processing.

In some countries, you can take advantage of services that allow you to print and distribute cheques that you issue from the convenience of your office in Canada.

In some countries, for recurring or individual payments, you can collect payments on specific dates via domestic pre-authorized payments in local currency. Payments come directly from the customer’s local account.

Premium Online Banking by RBC Express offers you a broad range of benefits to increase control over your cash with the convenience you need:

• Control access and authority levels for business account information and payments
• Set up pre-approvals of postdated transactions for times when key people will not be available
• View and transact among your accounts for multiple associated businesses in one online session

As your banking needs become more complex, you can take advantage of the additional features offered in RBC Express Treasury Management to:

• View balances and transfer funds between accounts, including those at certain other banks in Canada, Asia-Pacific, and around the world
• Send electronic payments
• Receive notification and full details of incoming wire payments
• Arrange for preferred rates on foreign exchange

If your RBC Account Manager has helped you open a bank account in Asia-Pacific, you can use RBC Express Global Banking to consolidate your global banking and manage your international cash position.

• View balances and transactions
• Send electronic payments instructions
• Receive electronic payments and view corresponding information
• Efficiently Create, Manage and Monitor International Trade Transactions

If you use letters of credit, documentary collections or guarantees in your international business, you can use RBC Online Global Trade Services to:

• Create and report on letters of credit, documentary collections and guarantees
• Set up SWIFT-ready templates for your outgoing trade instruments
• View incoming letters of credit and documentary collections
• Choose standard or customized reports and receive time-sensitive information on an hourly basis.

Expanding your business in the Asia-Pacific region can increase your need for financing. Most RBC business loans are available in both Canadian and U.S. dollars.

Talk to an RBC Account Manager about all the options for financing to help your business grow and succeed in the Asia-Pacific marketplace.

Travel and entertainment is one of the largest controllable costs most companies face today. The challenge is to balance your business travellers’ valuable convenience and security with increased cost efficiencies and control.

When you or your sales staff are travelling in the Asia-Pacific region, you can keep track of business expenses, conveniently pay local suppliers and set individual spending limits on each card you issue. You can also take advantage of the world’s largest cash advance system, enabling you to withdraw cash in local currency from more than one million ATMs in 170 countries.

RBC Royal Bank offers a comprehensive choice of cards with many different levels of insurance protection and cardholder rewards.

Through our relationship with U.S. Bank Canada, we can also offer cards to help larger businesses control and streamline their expense and purchasing processes.

Ask your account manager to help you decide which card program fits your business best.

You can make and receive payments in foreign currencies using your existing RBC accounts:

• Choose the payment method that matches your needs and have it converted to foreign currency when the payment is sent.
• Foreign currency receivables—cheques, drafts, money orders and wire transfers—can be sent directly to your Canadian dollar account for conversion and deposit.

If you do business in regions around the world where the U.S. dollar is commonly used, and you have both incoming and outgoing U.S. dollar flows, you can make the process easier by opening a U.S. dollar business deposit account.

With all RBC Royal Bank U.S. dollar business accounts, you don’t have to worry about converting currency for each transaction. You can:

• Deposit U.S. dollar funds
• Make U.S. dollar payments
• Take advantage of favourable rates by converting larger amounts of currency at a time

A US Dollar Business Account in Canada is the right choice if you want to:

• Make payments using wire transfers, drafts and money orders
• Collect receivables in U.S. dollars
• Hold U.S. dollars on deposit without the need to convert currency for each transaction
• Access your account online 24/7 with Premium Banking with RBC Express or Standard Online Banking for Business

Need Access to an Account in the Region?

If you are already an RBC business client, your Account Manager can help you determine your best banking option.

As you navigate the challenges and opportunities of doing business in other regions around the world, we can help you improve your foreign currency cash flows by maximizing the value of your receivables and minimizing the cost of your payables.

Foreign Currency Transactions

You can make and receive payments in foreign currencies using your existing accounts with RBC Royal Bank in Canada:

• Choose the payment method that matches your needs and then convert your Canadian dollars to foreign currency when the payment is sent.
• Foreign currency receivables—cheques, drafts, money orders and wire transfers—can be sent directly to your Canadian dollar account for conversion and deposit.

Choose from a Full Range of Foreign Exchange Services

As your international business grows and changes, you can choose from a comprehensive range of foreign exchange services at RBC Royal Bank.

Whether your transactions are for $100 or $100 million, foreign exchange solutions will help you to:

• Minimize your exchange rate risk on future transactions
• Optimize the value of your foreign currency cash flows
• Improve your business planning

Whether your business is just starting out or has established a reputation in the region, making on-time, cost-effective payments on time is essential to strengthen relationships and build your business.

You can reassure suppliers that they will be paid by using one of the following payment methods:

• Provide a wire transfer in the requested currency to ensure the payment is received quickly and cannot be disputed
• Pay upon receipt of shipping documents sent from their bank to RBC Royal Bank via documentary collection—with this method, you can be sure the goods have been shipped before you pay
• Pay with a draft or money order in the currency your suppliers request

You can use your business credit card to pay for smaller purchases and for business expenses such as travel and entertainment.

Whether your business is just starting out or has an established clientele in the region, you need to be sure you receive payments as quickly and securely as possible.

You can request payment from your customers in one of the following ways:

• A letter of credit issued by the purchaser’s bank, to ensure that you are paid once you have shipped the goods according to the conditions of the letter of credit
• Payment on receipt of shipping documents sent to their bank through RBC Royal Bank documentary collection
• A wire transfer in the currency of your choice—this ensures you receive quick payment that cannot be disputed
• A draft or money order in the currency of your choice instead of a conventional cheque. You can convert the funds to Canadian dollars using RBC Royal Bank Foreign Exchange services, or deposit U.S. dollars directly to your U.S. Dollar Business Account

If you are selling online, you can accept credit card payments in Canadian dollars—the card issuer will automatically convert these from each customer’s local currency. Payment Solutions by Moneris^‡ can enable you to accept credit card payments online.

Premium Online Banking by RBC Express offers you a broad range of benefits to increase control over your cash with the convenience you need:

• Control access and authority levels for business account information and payments
• Set up pre-approvals of postdated transactions for times when key people will not be available
• View and transact among your accounts for multiple associated businesses in one online session

As your banking needs become more complex, you can take advantage of the additional features offered in RBC Express Treasury Management to:

• View balances and transfer funds between accounts, including those at certain other banks in Canada, Latin America, and around the world
• Send electronic payments
• Receive notification and full details of incoming wire payments
• Arrange for preferred rates on foreign exchange

If you use letters of credit, documentary collections or guarantees in your international business, you can use RBC Online Global Trade Services to:

• Create and report on letters of credit, documentary collections and guarantees
• Set up SWIFT-ready templates for your outgoing trade instruments
• View incoming letters of credit and documentary collections
• Choose standard or customized reports and receive time-sensitive information on an hourly basis.

Expanding your business in the Latin American region can increase your need for financing. Most RBC business loans are available in both Canadian and U.S. dollars.

Talk to an RBC Account Manager about all the options for financing to help your business grow and succeed in other regions.

Travel and entertainment is one of the largest controllable costs most companies face today. The challenge is to balance your business travellers’ valuable convenience and security with increased cost efficiencies and control.

When you or your sales staff are travelling in other regions around the world, you can keep track of business expenses, conveniently pay local suppliers and set individual spending limits on each card you issue. You can also take advantage of the world’s largest cash advance system, enabling you to withdraw cash in local currency from more than one million ATMs in 170 countries.

RBC Royal Bank offers a comprehensive choice of cards with many different levels of insurance protection and cardholder rewards.

Through our relationship with U.S. Bank Canada, we can also offer cards to help larger businesses control and streamline their expense and purchasing processes.

Ask your account manager to help you decide which card program fits your business best.

You can make and receive payments in foreign currencies using your existing RBC accounts:

• Choose the payment method that matches your needs and have it converted to foreign currency when the payment is sent.
• Foreign currency receivables—cheques, drafts, money orders and wire transfers—can be sent directly to your Canadian dollar account for conversion and deposit.

If you do business in regions around the world where the U.S. dollar is commonly used, and you have both incoming and outgoing U.S. dollar flows, you can make the process easier by opening a U.S. dollar business deposit account.

With all RBC Royal Bank U.S. dollar business accounts, you don’t have to worry about converting currency for each transaction. You can:

• Deposit U.S. dollar funds
• Make U.S. dollar payments
• Take advantage of favourable rates by converting larger amounts of currency at a time

A US Business Deposit Account in Canada is the right choice if you want to:

• Make payments using wire transfers, drafts and money orders
• Collect receivables in U.S. dollars
• Hold U.S. dollars on deposit without the need to convert currency for each transaction
• Access your account online 24/7 with Premium Banking with RBC Express or Standard Online Banking for Business

Need Access to an Account in the Region?

If you are already an RBC business client, your Account Manager can help you determine your best banking option.

As you navigate the challenges and opportunities of doing business in other regions around the world, we can help you improve your foreign currency cash flows by maximizing the value of your receivables and minimizing the cost of your payables.

Foreign Currency Transactions

You can make and receive payments in foreign currencies using your existing accounts with RBC Royal Bank in Canada:

• Choose the payment method that matches your needs and then convert your Canadian dollars to foreign currency when the payment is sent.
• Foreign currency receivables—cheques, drafts, money orders and wire transfers—can be sent directly to your Canadian dollar account for conversion and deposit.

Choose from a Full Range of Foreign Exchange Services

As your international business grows and changes, you can choose from a comprehensive range of foreign exchange services at RBC Royal Bank.

Whether your transactions are for $100 or $100 million, foreign exchange solutions will help you to:

• Minimize your exchange rate risk on future transactions
• Optimize the value of your foreign currency cash flows
• Improve your business planning

Whether your business is just starting out or has established a reputation in the region, making on-time, cost-effective payments on time is essential to strengthen relationships and build your business.

You can reassure suppliers that they will be paid by using one of the following payment methods:

• Provide a wire transfer in the requested currency to ensure the payment is received quickly and cannot be disputed
• Pay upon receipt of shipping documents sent from their bank to RBC Royal Bank via documentary collection—with this method, you can be sure the goods have been shipped before you pay
• Pay with a draft or money order in the currency your suppliers request

You can use your business credit card to pay for smaller purchases and for business expenses such as travel and entertainment.

Whether your business is just starting out or has an established clientele in the region, you need to be sure you receive payments as quickly and securely as possible.

You can request payment from your customers in one of the following ways:

• A letter of credit issued by the purchaser’s bank, to ensure that you are paid once you have shipped the goods according to the conditions of the letter of credit
• Payment on receipt of shipping documents sent to their bank through RBC Royal Bank documentary collection
• A wire transfer in the currency of your choice—this ensures you receive quick payment that cannot be disputed
• A draft or money order in the currency of your choice instead of a conventional cheque. You can convert the funds to Canadian dollars using RBC Royal Bank Foreign Exchange services, or deposit U.S. dollars directly to your U.S. Business Dollar Account

If you are selling online, you can accept credit card payments in Canadian dollars—the card issuer will automatically convert these from each customer’s local currency. Payment Solutions by Moneris^‡ can enable you to accept credit card payments online.

Premium Online Banking by RBC Express offers you a broad range of benefits to increase control over your cash with the convenience you need:

• Control access and authority levels for business account information and payments
• Set up pre-approvals of postdated transactions for times when key people will not be available
• View and transact among your accounts for multiple associated businesses in one online session

As your banking needs become more complex, you can take advantage of the additional features offered in RBC Express Treasury Management to:

• View balances and transfer funds between accounts, including those at certain other banks in Canada, Europe, and around the world
• Send electronic payments
• Receive notification and full details of incoming wire payments
• Arrange for preferred rates on foreign exchange

If you use letters of credit, documentary collections or guarantees in your international business, you can use RBC Online Global Trade Services to:

• Create and report on letters of credit, documentary collections and guarantees
• Set up SWIFT-ready templates for your outgoing trade instruments
• View incoming letters of credit and documentary collections
• Choose standard or customized reports and receive time-sensitive information on an hourly basis.

Expanding your business in the other regions around the world can increase your need for financing. Most RBC business loans are available in both Canadian and U.S. dollars.

Talk to an RBC Account Manager about all the options for financing to help your business grow and succeed in other regions.

Travel and entertainment is one of the largest controllable costs most companies face today. The challenge is to balance your business travellers’ valuable convenience and security with increased cost efficiencies and control.

When you or your sales staff are travelling in other regions around the world, you can keep track of business expenses, conveniently pay local suppliers and set individual spending limits on each card you issue. You can also take advantage of the world’s largest cash advance system, enabling you to withdraw cash in local currency from more than one million ATMs in 170 countries.

RBC Royal Bank offers a comprehensive choice of cards with many different levels of insurance protection and cardholder rewards.

Through our relationship with U.S. Bank Canada, we can also offer cards to help larger businesses control and streamline their expense and purchasing processes.

Ask your account manager to help you decide which card program fits your business best.