Canadians Living in U.S. continue to Benefit from Cross Border Banking Expertise
RBC Bank, the leading provider of banking solutions for Canadians visiting or staying longer-term in the United States, is celebrating its 10th season of greeting Canadian retirees (snowbirds) and cross-border transplants (expats) in the U.S. and helping to make their banking and home buying experience easier.
Despite fluctuations in both the Canadian dollar and U.S. real estate market, Canadians continue to migrate south. Canadians have significant buying power in the sought-after “snowbird” markets of South Florida, Arizona and California. According to Statistics Canada, Canadian-owned businesses employed 27,600 Floridians and Canadians spent $4.4 billion in the state in 2012.
For 10 seasons, RBC has worked hand-in-hand with clients offering practical advice and unmatched in-market experience on the differences, advantages and challenges of banking in the U.S.
“We are proud to celebrate 10 seasons of providing cross-border banking solutions, expert advice and community support to Canadians living in the United States,” said Alain Forget, head of sales and business development, RBC Bank. “There are many stressful considerations for Canadians spending time in the U.S., we work to ensure that banking is not one of them.”
As a direct bank without traditional branches, RBC has focused its efforts on connecting clients with dedicated cross-border specialists who help Canadians navigate the process of establishing credit, securing a mortgage and purchasing a home in the U.S. Unlike traditional brick-and-mortar bank branches, RBC Bank cross-border specialists are available to assist outside of typical bank hours. RBC Bank clients have access to 24/7 phone support, online advice resources and free educational seminars with local realtors in many locations.
RBC has also remained committed to supporting the communities in which it operates. Over the past 10 years, RBC’s annual Golf Classic in Fort Lauderdale, Fla. has raised a total of $100,000 for Kids in Distress, a Florida non-profit dedicated to preventing child abuse, preserving families and treating children who have been abused and neglected.
To learn more about cross border banking and RBC Bank, visit RBC Bank's Advice Center.
About RBC Bank
RBC Bank is a wholly-owned subsidiary of the Royal Bank of Canada that provides U.S. banking solutions to RBC consumer clients with a cross-border lifestyle. RBC Bank pioneered cross border banking and has been serving clients who visit, shop, study or relocate in the U.S., for more than ten years. Today, the Bank provides everyday banking and real estate lending solutions to Canadian clients in all 50 states.
About RBC Royal Bank
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under the master brand name RBC. We are Canada’s largest bank as measured by assets and market capitalization, and are among the largest banks in the world, based on market capitalization. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis. We employ approximately 79,000 full-and part-time employees who serve close to 15 million personal, business, public sector and institutional clients in Canada, the U.S. and 51 other countries. For more information, please visit rbc.com.