RBC USD account overview
Put your USD in a savings account with RBC and receive interest and free online transfers. Curious? Keep reading!
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Why bank with RBC?
RBC USD Account
The RBC USD account is for customers who need somewhere to keep their US dollars, or deposit money that they are paid in USD. If you use this account, you won't have to convert your cash to Canadian dollars, which could be a major advantage if exchange rates aren't favourable.
You can put your USD in a savings account with RBC and receive interest and free online transfers with RBC bank accounts. Curious? Everything you need to know about the RBC USD account is right here in this guide.
You can put your USD in a savings account with RBC and receive interest and free online transfers with RBC bank accounts. Curious? Everything you need to know about the RBC USD account is right here in this guide.
How to Create a USD Account with RBC
To sign up for a USD account with RBC you can fill out the application online.
Step 1: Enter your full name and email address.
Step 2: Enter your full address and phone number including area code.
Step 3: Enter your Date of Birth.
Step 4: Enter your occupation, including the name of the company where you work and company phone number.
Step 5: Confirm you are a resident of Canada for tax purposes and your province, as well as if you are a tax resident of any other country.
Step 6: Confirm if you will be the only one using the account and the purpose of the account.
Step 7: Your application will be presented for your review, and the address of your home branch will be displayed as well as the legal terms of the account. Click 'Agree & Apply'.
Step 8: At the end of the application, the confirmation page will display. You may have to visit a branch with your identification to activate your account and complete the process.
Step 1: Enter your full name and email address.
Step 2: Enter your full address and phone number including area code.
Step 3: Enter your Date of Birth.
Step 4: Enter your occupation, including the name of the company where you work and company phone number.
Step 5: Confirm you are a resident of Canada for tax purposes and your province, as well as if you are a tax resident of any other country.
Step 6: Confirm if you will be the only one using the account and the purpose of the account.
Step 7: Your application will be presented for your review, and the address of your home branch will be displayed as well as the legal terms of the account. Click 'Agree & Apply'.
Step 8: At the end of the application, the confirmation page will display. You may have to visit a branch with your identification to activate your account and complete the process.
Key features
The US High Interest eSavings is the best USD account to get with RBC. Here are some of its key features:
High interest: RBC calculates the interest daily and pays out monthly
No monthly fee, and one free debit each month
24/7 access to electronic transfers to your other RBC accounts online, at ATMs, and by phone
Account Highlights
Monthly fees
RBC charges no monthly fees and allows one free debit transaction each month ($3 USD per transaction thereafter).
Interest rate
Account holders benefit from a rate of 0.05% (subject to change). USD savings rates move, so it's worth confirming the current figure on RBC's own rates page before publishing.
Minimum Balance
There is no minimum balance for the RBC US High Interest eSavings account, so $0.