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Get all your currency working harder for you.
Receive, hold and send British Pounds (GBP) when rates are favourable and manage your funds at your convenience. Plus, earn interestLegal Disclaimer footnote1 in a no-monthly-fee account with no minimum balance required.
Interest Rate1: Tiered
I want to be an RBC Client:
Key Account Features
- Earn interest on your foreign currencyLegal Disclaimer footnote1
- No minimum balance required
- Take advantage of favourable rates – only exchange your money when it’s beneficial for you
- Receive money, manage your cash flow and make payments, with the added benefit of saving on foreign exchange fees by transacting in the same currency
More Great Features
| Details | Fees |
|---|---|
| Monthly Fee | Free |
| Currency | British Pound |
| Account transfers | Transfers between any RBC Royal Bank personal deposit accounts in your nameLegal Disclaimer footnote2,Legal Disclaimer footnote6. Foreign Exchange fees apply. |
| Branch cash withdrawal | £0.60Legal Disclaimer footnote3 |
| Incoming/outgoing wire transfers | Fees applyLegal Disclaimer footnote4 |
| Transfers to/from RBC Direct Investing | FreeLegal Disclaimer footnote2,Legal Disclaimer footnote6 |
| eStatement and eNotifications | Free |
| Access to Online Banking, RBC Mobile app, and Telephone BankingLegal Disclaimer footnote5 | Free |
More Ways RBC Supports International Banking
Here for you – wherever you are in the world
From seamless digital banking to wealth management, tax and relocation advice, we offer international banking solutions.
Branch wire transfers
Wire payments can be made to almost anywhere in the world and in any currency.
Ways to Apply
Find a Branch
Come see us anytime to open your account. With over 1,100+ branches in Canada, you can visit us in a location that works best for you.
Find a Branch Near YouAlready have an RBC Online Banking Account?
Sign inYour Top Questions Answered
You can access your monthly statements by logging into RBC Online Banking. Balances, account details, transactions, and account preferences can be viewed using RBC Online Banking and/or through the RBC Mobile App.
Transfers to/from your Personal Deposit Accounts, including same currency Foreign Currency Accounts, and transfers to/from Direct InvestingLegal Disclaimer footnote2,Legal Disclaimer footnote6.
Visit our enrollment page to get started with RBC Online Banking.
Cash deposits/withdrawals and sending wire transfers must be completed in-branchin-branchLegal Disclaimer footnote3,Legal Disclaimer footnote4,Legal Disclaimer footnote7.
You do not need any other products to qualify for a Foreign Currency Account.
Visit our Exchange Currency Converter to get the latest foreign exchange rates.
Legal Disclaimer footnote 1)
The interest rate is an annual interest rate. It is a simple interest calculation. Interest is calculated daily on the closing credit balance and paid monthly. Interest rate is subject to change at any time without notice.
Legal Disclaimer footnote 2)
When making a transfer from a Foreign Currency Account to another, or from a Foreign Currency Account to RBC Direct Investing, the accounts must be in the same currency.
Legal Disclaimer footnote 3)
Cash deposits and withdrawals must be in the same currency as the account.
Legal Disclaimer footnote 4)
For wire fees, please contact us or you may visit our website at rbc.com/wire-fees. There may be additional fees applied by an intermediary or receiving bank, including conversion fees if the funds are converted to another currency. Wires must be in the same currency as the Account.
Legal Disclaimer footnote 5)
RBC Mobile is operated by Royal Bank of Canada, RBC Direct Investing Inc. and RBC Dominion Securities Inc. The RBC Mobile app may be downloaded in jurisdictions where it is available.
Legal Disclaimer footnote 6)
Some limitations apply.
Legal Disclaimer footnote 7)
You can withdraw and deposit cash to and from your account at any RBC branch location. Please note that a limited supply of currency will be available in RBC branches and an order may have to be placed for you. It may take up to five business days for your foreign currency to arrive.