Disclosures

1. Free and instant fund transfers

Standard account charges may apply. Maximum transaction limits may apply and are subject to change. Availability of the money will depend on the time when it is sent from Royal Bank of Canada or RBC Bank. Transaction may not appear on your RBC Bank account transaction history until the following day but will reflect the date of transfer.

2. No-fee ATM access

There is no fee associated with accessing these ATMs but standard account charges and transaction limitations will apply. If you access ATMs other than those identified in our ATM locator (www.rbcbank.com/atms) fees may apply. During the process, you will be notified of the fee and will be required to accept the fee if you desire to complete the transaction. For fee information, refer to the Personal Schedule of Fees for details.

3. Reimbursement of other banks’ ATM fees upon request

For accounts opened on or before October 31, 2021 – Refunded fees: Up to 2 fees per cycle for Direct Checking and Royal Embassy Checking account holders and up to 4 fees per cycle for Premium Checking and Preferred Checking account holders; upon client request.

4. "Get a U.S. based credit card", loans, or Personal Line of Credit

All loans and lines of credit are subject to credit approval.

5. Money Market or personal savings accounts

The Account disclosures in the Service Agreement for Personal Accounts state for each monthly statement period, you can make no more than six transfers to your other Accounts with us or payments to third parties via preauthorized or automatic transfers (including online transfers andbill payments and telephone transfers) or via checks, drafts, Visa Debit Card transactions or similar orders. If you make more than six such transfers in any statement period, we may charge an excess withdrawal fee against your Account. You can make unlimited withdrawals at ATMs during each statement period, provided they otherwise comply with our policies for ATM withdrawals. Please refer to the Personal Schedule of Fees for the Excessive Withdrawal Fee details.

6. Earn 1 Avion point for each $1 spent or earn 1.5 Avion points for each $1 spent

Refer to the Avion Rewards Program Rules provided with your card for details. Avion points are not earned on balance transfers and cash advances.

7. Transfer Avion Rewards points

When transferring points, points are converted at a 1 to 1 ratio from RBC Bank to Royal Bank of Canada – meaning for every 1 Avion point transferred from your RBC Bank account, you’ll receive 1 Avion point from Royal Bank of Canada. Once points are transferred, points will be guided by the Terms and Conditions of the Avion Rewards program at Royal Bank of Canada. Refer to the Avion Rewards Program Rules for complete terms, conditions and restrictions that apply, or call 1-888-257-6837.

8/*. Mortgage

Mortgages are subject to approval, including verification of acceptable income, credit worthiness and property valuations. Minimum and maximum property values and maximum loan-to-value ratios apply. Homeowner’s insurance is required for all loans and lines of credit and flood insurance is required if the property is located in a Special Flood Hazard area. Escrows may be required on mortgages. There are closing costs associated with mortgage products.

9. Reference to external insurance offered by Visa

All insurance is subject to limitations and exclusions. Insurance products are offered by Visa and are not insured by the FDIC or any federal government agency and are not a deposit or other obligation of, or guaranteed by, any bank or bank affiliate.

10. Visa Zero Liability Policy

All loans and lines of credit are subject to approval. Additional credit card transaction fees will apply as follows: Balance Transfers – Either $10 or 3% of the amount of each transfer, whichever is greater (after the end of the introductory period, the maximum fee is $99). The Balance Transfer fee has no maximum during the introductory period (first 6 monthly billing cycles); thereafter, this fee will be a maximum of $99 per Balance Transfer. Cash Advances – Either $5 or 3.5% of the amount of each Cash Advance, whichever is greater. Foreign Transaction Fee – 1.5% of the U.S. Dollar amount of the foreign transaction if the transaction is conducted in foreign currency. Platinum: 3% of the U.S. dollar amount of the transaction if the transaction is conducted in a foreign currency. Late Payment Fee – up to $35. Returned Payment Fee – up to $35. Annual Fee Visa Signature Black Plus – $75. Annual Percentage Rate is Prime Rate plus a margin between 9.99% and 16.74% for Visa Platinum and Visa Signature Accounts based on your credit worthiness. This APR will vary with the market based on the Prime Rate. Prime Rate: As published in the Wall Street Journal; current rate is 8.25% as of May 4, 2023.

11. Number of monthly debits

Debit transaction charges do not include service charges and online fund transfers such as a transfer to a deposit account, a credit card payment and north and south transfers from an RBC Royal Bank account and RBC Bank account in the same name.

12. US deposit accounts insured by FDIC

Subject to the maximum extent permitted by law. Amount of coverage is based on the account balance and account ownership. RBC Bank is a member of the U.S. Federal Deposit Insurance Corporation (“FDIC”). U.S. deposit accounts are insured by the FDIC up to the maximum amount permissible by law. U.S. deposit accounts are not insured by the Canada Deposit Insurance Corporation (“CDIC”). For details visit http://www.fdic.gov.

13. Royal Bank of Canada/RBC Bank Eligible Personal Banking & Cross-Border Banking Offer

Offer is available until 9pm EST on October 31, 2024 to all new Eligible Personal Clients who open an RBC Bank U.S. Direct Checking Account, open an RBC Day to Day Banking account and apply for an RBC Bank U.S. credit card during the Promotional Period via in branch or Advice Centre and comply with all other terms of the offer. The monthly maintenance fee of $4 will be waived for the first twelve (12) months upon account opening of the RBC Day to Day Banking account, and the monthly ($3.95 USD) or annual maintenance fee ($39.50 USD) will be waived for one (1) year from account opening of the RBC Bank U.S. Direct Checking account. The RBC Bank Visa Signature Black Plus credit card is not eligible for an annual fee waiver under this offer. Only one offer per Eligible Personal Client. For complete offer details, including defined terms, please visit http://www.rbcroyalbank.com/dms/cross-border-banking/_assets-custom/includes/terms-and-conditions.html.

14. Business Money Market savings account

The Account disclosures in the Service Agreement for Non-Personal Accounts state for each monthly statement period, you can make no more than six transfers to your other Accounts with us or payments to third parties via preauthorized or automatic transfers(including online transfers and bill payments and telephone transfers) or via checks, drafts, Visa Debit Card transactions or similar orders. If you make more than six such transfers in any statement period, we may charge an excess withdrawal fee against your Account. Please refer to the Business Schedule of Fees for the Excessive Withdrawal Fee details.

15. CD

A penalty may be imposed for early withdrawal. Fees could reduce earnings.

16. Up to 6 transactions per month - free of charge

Fees may apply for transactions which exceed the monthly limit of 6 debit transactions per account.

17. APY (Annual Percentage Yield)

APY (Annual Percentage Yield) is accurate as of . APY’s are subject to change at any time and are not tied to an index. Standard account fees may reduce earnings.

18. APY (Annual Percentage Yield) is accurate as of . APY’s are subject to change at any time after the guarantee date and are not tied to an index. Standard account fees may reduce earnings. Offer is available only to existing RBC Bank clients on personal accounts who receive this offer direct from RBC Bank. Non-personal and business accounts do not qualify. Preferred Money Market Savings account must be opened and funded by June 30, 2019 to qualify for the exclusive rate. Funds deposited into Preferred Money Market Savings account must be new money not currently on deposit with RBC Bank (U.S.) Maximum new deposit per client is $5 million without prior consent from RBC Bank. It may take up to two business days from date of deposit for rate to apply.

19. No foreign transaction fees on U.S. purchases

While there are no foreign transaction fees for purchases in the U.S. or in USD, there may be foreign transaction fees for purchases conducted in a foreign currency. RBC Bank Foreign Transaction Fees: Visa Signature Black - 1.5% of the U.S. dollar amount of the transaction, Visa Signature Black Plus - Foreign transaction fee does not apply, Visa Platinum - 3.0% of the U.S. dollar amount of the transaction.

20. No annual fee

All loans and lines of credit are subject to approval. Additional credit card transaction fees will apply as follows: Balance Transfers – Either $10 or 3% of the amount of each transfer, whichever is greater (after the end of the introductory period, the maximum fee is $99). The Balance Transfer fee has no maximum during the introductory period (first 6 monthly billing cycles); thereafter, this fee will be a maximum of $99 per Balance Transfer. Cash Advances – Either $5 or 3.5% of the amount of each Cash Advance, whichever is greater. While there are no foreign transaction fees for purchases in the U.S. or in USD, there may be foreign transaction fees for purchases conducted in a foreign currency. RBC Bank Foreign Transaction Fees: Visa Signature Black - 1.5% of the U.S. dollar amount of the transaction, Visa Signature Black Plus - Foreign transaction fee does not apply, Visa Platinum - 3.0% of the U.S. dollar amount of the transaction. Late Payment Fee – up to $35. Returned Payment Fee – up to $35. Annual Fee Visa Signature Black Plus – $75. Annual Percentage Rate is Prime Rate plus a margin between 9.99% and 16.74% for Visa Platinum and Visa Signature Accounts based on your credit worthiness. This APR will vary with the market based on the Prime Rate. Prime Rate: As published in the Wall Street Journal; current rate is 8.50% as of July 27, 2023.

21. Apple Pay

Apple Pay is a trademark of Apple Inc.

22. "Prime rate"

Prime Rate: As published in the Wall Street Journal; current rate is 8.50% as of July 27, 2023.

23. Travel and emergency services

Travel services are subject to limitations and exclusions. Travel services are offered by Visa and are not an obligation of, or guarantee by any bank or bank affiliate.

24. Redeem Avion Rewards for Cash Back

1.00% cash back from the RBC Bank Visa Signature Black/Visa Platinum Rewards credit cards and 1.25% cash back from the RBC Bank Visa Signature Black Plus credit card can only be redeemed with Avion points.

0% introductory APR Black & Plus Card

1.00% cash back from the RBC Bank Visa Signature Black/Visa Platinum Rewards credit cards and 1.25% cash back from the RBC Bank Visa Signature Black Plus credit card can only be redeemed with Avion points.

25. Mortgage term (3, 5, 7, 10 year ARM) OR a down payment (ie 20% down payment required)

3, 5, 7, or 10-year term refers to the period of time the interest rate is set at the beginning of the loan period which is 30 years (360 months); after the initial fixed rate term, the interest rate will adjust annually. Example: 3-Year Adjustable Rate Mortgage (ARM) calculation assumes a $250,000 loan amount, 5.625% interest rate, 6.506% APR, with 20% down payment, amortized over 360 months = $1,439.14 monthly payment. Example: 5-Year ARM calculation assumes a $250,000 loan amount, 5.750% interest rate, 6.399% APR, with 20% down payment, amortized over 360 months = $1,458.93 monthly payment. Example: 7-Year ARM calculation assumes a $250,000 loan amount, 5.875% interest rate, 6.345% APR, with 20% down payment, amortized over 360 months = $1,478.84 monthly payment. Example: 10-Year ARM calculation assumes a $250,000 loan amount, 6.000% interest rate, 6.220% APR, with 20% down payment, amortized over 360 months = $1,498.88 monthly payment. Rates and payments are subject to increase after initial fixed period of loan. If the down payment is less than 20%, mortgage insurance may be needed on the loan. This could increase the monthly payment and the interest rate. Rates subject to increase after consummation.

26. Mortgage interest may be deductible against taxes

Consult your financial, tax, legal, and other professional advisors prior to applying for a U.S. mortgage.

27. Refinance or Refinancing

Refinancing not offered for properties in Texas.

28. RBC Bank U.S. Mortgage Deal

To qualify for the $0 underwriting fee, a full and complete mortgage application must be submitted by October 31, 2024. Mortgages must fund within 120 days of the application date. Offer may be withdrawn or changed at any time without notice. Offer is only available to the following clients; new RBC Bank mortgage/Home Equity Line of Credit (1st or 2nd homes), Investment Properties, and Refinance on a property that is owned free and clear. Additional bank fees and third party fees apply and are paid separately. Mortgage and HELOC offer may be combined: if a client closes on an eligible mortgage and also opens a second lien HELOC with RBC Bank, both products will have a $0 underwriting fee. That’s a savings of $924 USD (or over $1,200 CAD). May not be combined with any other special offers.

29. Offer period is January 1, 2024 through October 31, 2024 (“Offer Period”). To qualify, client must be a new RBC Bank client, defined as an individual who has not been a primary or secondary account holder on any RBC Bank (U.S.) checking account for the 18 months prior to the start of the Offer Period (“Eligible Personal Client”). Eligible Personal Client must open a new RBC Bank personal checking account and apply for an RBC Bank credit card on the same business day and both accounts must be opened in the name of the Eligible Personal Client. RBC Bank will waive the checking monthly or annual fee for 1 year from account open date (“Offer”). All other terms and conditions continue to apply on all RBC Bank products, including funding requirements and other applicable fees. Offer cannot be combined with any other RBC Bank checking offers. Employees of Royal Bank of Canada and their affiliates do not qualify for this offer. Offer is available only during the Offer Period. Offer can be changed or withdrawn at any time. Only one offer per Eligible Personal Client.

30. HELOC including rates

Home Equity Lines of Credit (HELOCs) are subject to approval, including verification of acceptable income, credit worthiness and property valuations. Minimum and maximum property values and maximum loan-to-value ratios apply. Homeowner’s insurance is required for all loans and lines of credit and flood insurance is required if the property is located in a Special Flood Hazard area. Equity Line and corresponding APR will be priced using a base rate of prime rate (as published in The Wall Street Journal.) Current rate is 8.50% as of July 27, 2023, plus or minus a margin disclosed at the time of application. Rates are subject to change based on changes in the Prime Rate, but will not exceed 18%. Paying the minimum payment may result in a balloon payment when the line matures. A one-time $99 underwriting fee and third-party closing costs may apply. For example, the average closing cost associated with a $100,000 home equity line of credit in Florida is $4,500. Actual third party costs may vary. Home equity lines of credit have an annual fee of $50. Home Equity Lines of credit are not offered for properties in Texas. Home Equity Lines of Credit are not available for investment properties. An investment property is a property that is not occupied by the owner/borrower for at least two weeks per year.

31. Offer period is 01/01/20 through 10/31/24 and may be withdrawn or changed at any time without notice. To qualify, a full and complete RBC Bank Home Equity Line of Credit application must be submitted by October 31, 2024 and fund within 120 days of the application date. Eligibility is subject to RBC Bank Lending Guidelines and additional terms and conditions apply. An RBC Bank Premium Checking account is required. Offer is available for loan amounts between $25,000 and $750,000. The actual amount you can borrow may vary based on factors such as credit history, property type, occupancy, lien position and loan to value amount. RBC Bank agrees to pay certain usual and customary closing costs and fees associated with issuing a Home Equity Line of Credit ("HELOC"). These costs typically include: origination fee, appraisal fee, credit report fee, title search and title insurance costs, flood determination costs, and filing fees. Escrow or prepaid requirements are not covered by RBC Bank, and include items such as Homeowner Association Dues, property taxes, property insurance, flood insurance and mortgage interest. Based on your loan scenario, certain taxes (such as transfer tax, doc stamps, intangible tax, recording tax, mortgage tax or other taxes) may apply and you will not be eligible for this offer. However, you may be eligible for one of our other HELOC programs. If you close your Home Equity Line of Credit within 24 months of opening the account, you will be required to pay all of the costs that were paid by RBC Bank in connection with the opening and issuance of the account. This is in addition to any outstanding balance that may exist on the loan. For eligible clients, RBC Bank will waive the annual fee for the Premium Checking account and HELOC as long as both remain open and in good standing. If you close your HELOC at any time, the annual Premium Checking account fee of $99.50 will begin to apply.

32. Additional fees will apply as follows: Late Payment Fee 5% of the amount of the regularly scheduled payment, subject to a minimum charge of $15.00. Returned Check Fee $25. Returned Payment Fee $25. Overlimit Fee $35 and Nonsufficient Funds Fee $35. The Annual Percentage Rate is 12.25% to 18.75% based on your credit worthiness. This APR will vary with the market based on the Prime Rate. Prime Rate: As published in the Wall Street Journal; current rate is 8.50% as of July 27, 2023.

33. Premium Checking fee waiver

RBC Bank will waive the annual fee for the checking account as long as account holder is a real estate loan holder and both remain open and in good standing. If you close your loan at any time, the annual Premium Checking account fee of $99.50 will begin to apply.

34. Reference to Travel HealthProtector on RBC Bank documents

Travel HealthProtector insurance is an optional group insurance available to clients of RBC companies who are residents of Canada. Travel HealthProtector insurance is underwritten by RBC Insurance Company of Canada. In Quebec, certain coverages are underwritten by RBC General Insurance Company. RBC Bank does not offer or sell Travel HealthProtector insurance and insurance products are not insured by the FDIC or any federal government agency and are not a deposit or other obligation of, or guaranteed by, any bank or bank affiliate. The purchase of Travel HealthProtector insurance is not required as a condition of obtaining any product or service of RBC Bank.

35. Savings are for illustrative purposes only.

They are based on the typical 2.5-3.5% foreign transaction fee that is charged on U.S. purchases by most Canadian credit and debit cards but is not charged on U.S. purchases with the RBC Bank Visa^‡ Signature Black credit card; and also factors in the $39.50 USD annual fee for the RBC Bank Direct Checking account (with eStatements). These savings are then converted to Canadian dollars at a rate of 1.301, which is the 12-month rolling average of the CAD – USD exchange rate posted on the Bank of Canada website as of . Fees and exchange rates are subject to change without notice.

36. Most Canadian credit and debit cards charge a foreign transaction fee between 2.5-3.5% on U.S. purchases.

37. Additional fees will apply as follows: Late Payment Fee 5% of the amount of the regularly scheduled payment, subject to a minimum charge of $15.00. Returned Check Fee $25. Returned Payment Fee $25. Overlimit Fee $35 and Nonsufficient Funds Fee $35. The Annual Percentage Rate is 12.25% to 18.75% based on your credit worthiness. This APR will vary with the market based on the Prime Rate. Prime Rate: As published in the Wall Street Journal; current rate is 8.50% as of July 27, 2023.

38. RBC U.S. HomePlus™ Rewards is offered by RBC Bank with HomeStory Real Estate Services (HRES), a licensed real estate broker. HRES is not affiliated with RBC Bank and RBC Bank is not responsible for the program provided by HRES. To qualify for the RBC U.S. HomePlus™ Rewards, you must enroll in the program and use the assigned network real estate agent to complete the buy transaction. Your enrollment and reward eligibility is good for 18 months. If you do not purchase a home during that time, you must re-enroll to become eligible for the cash reward. For full details, please review the program terms and conditions.

39. You must enroll as an RBC Bank (U.S.) client to take advantage of these exclusive offers. These offers are subject to their respective terms and conditions which can be accessed upon enrollment. Offers are subject to change and can be withdrawn at any time. These companies are not affiliated with RBC Bank and RBC Bank is not responsible for the offers provided by each company or their respective terms and conditions.

40. Home prices accessed from Calgary Real Estate Board and Zillow.com, April 2020.

41. While home insurance is a requirement prior to closing, you are not obligated to obtain insurance through Credible Insurance (Young Alfred) - or any particular broker, agent or company. This should not be seen as a paid endorsement. RBC Bank does not provide insurance services. RBC Bank is not affiliated with insurance services provided through Young Alfred Inc. (CA: Young Alfred Insurance Agency, Lic. # 0M90597). RBC Bank is not responsible for the offers provided by Young Alfred and insurance companies participating in the Young Alfred program. You may purchase insurance to cover the real property that is being used as security for the loan with RBC Bank from the insurance company, agent, solicitor, or broker of your choice.

INSURANCE PRODUCTS ARE:

• NOT A DEPOSIT
• NOT FDIC INSURED
• NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
• AND NOT GUARANTEED BY THE INSTITUTION

42. Third party fees and fees related to other RBC Bank products or services may still apply. The $4,500 USD savings is for illustrative purposes only and includes examples of fees that other financial institutions typically charge foreign homebuyers in the U.S., including:

• Typical origination fee of 0.50% to 1% of the loan amount
• Typical application fee of $950 USD
• Typical processing fee of $950 USD
• Typical commitment fee of $500 USD
• Typical underwriting fee of $500 USD
• Typical foreign national premium of 1% to 2% of the loan amount

To qualify for this offer, a full and complete mortgage application must be submitted by October 31, 2024. Mortgages must fund within 120 days of the application date. Offer may be withdrawn or changed at any time without notice. Offer is only available to the following clients: new RBC Bank mortgage (first or second homes), investment properties, and refinance on a property that is owned free and clear. May not be combined with any other special offers.

‡ U.S. version of trademarks

All other trademarks are the property of their respective owners.

* Money Market Investment, Premium Interest Checking and Preferred Checking accounts are no longer available for new clients.