Simplify your cross-border transfers

Automatically exchange and transfer your Canadian to U.S. dollars

Heading to the U.S. for a trip, extended visit or temporary relocation? No matter your plans, you’ll need U.S. dollars while you’re there.

With RBC Bank, cross-border transfers are simple — and free1.

Link your accounts and in a single online transaction, you can automatically exchange and instantly2 transfer your money from your RBC Canadian account directly into your U.S. checking or savings account anywhere, anytime from your desktop, tablet or mobile device.

Frequently Asked Questions about Cross-border Transfers

How do I enroll in Online Banking?
You can enroll online in a few minutes by visiting Online Banking Enrollment. You’ll need your:

  • RBC Bank (U.S.) Client Number (CIF) or debit card number and
  • An RBC Bank (U.S.) account number — choose from any of your U.S. accounts including checking, savings, credit card or line of credit

How do I link my RBC Bank and RBC Royal Bank accounts?
Linking your accounts is quick and easy. 

  1. Sign in to U.S. Online Banking
  2. Click "Profile and Preferences" 
  3. Click “Link My U.S. and Canadian Banking" and follow the simple instructions

Note: If you change your username and/or password in either RBC Royal Bank (Canadian) or RBC Bank (U.S.) Online Banking, you will need to re-link your accounts.

Is there a fee to transfer money between my Canadian and U.S. accounts?
No. When you link your Canadian and U.S. accounts in Online Banking and make cross-border transfers there are no additional costs.

How do I check the current exchange rate before I make a transfer between my Canadian and U.S. accounts?
First, select the amount of money you would like to transfer and click "Submit". Before finalizing your transfer, the current exchange rate will display on screen for your approval. Rates are subject to change after a two minute period. To accept the conversion rate, confirm it promptly or cancel the transaction if you do not want to complete it.

How long will it take for an online cross-border transfer to appear in my account?
If you are making an online transfer between RBC Bank RBC Royal Bank accounts, the deposit/credit will appear immediately.

Is there a limit to the amount I can transfer between my RBC Canadian and U.S. accounts?
Cross-border money transfers through Online Banking are limited to $25,000 (Canadian or U.S. dollars) per transaction. If you need to transfer between $25,000 and $100,000 at one time, please call 1-800 ROYAL 5-3 (1-800-769-2553) for assistance.

Is there a limit to the number of transfers I can make?
For checking accounts, there is no limit to the amount of transfers you can complete. U.S. Federal banking regulations limit the number of withdrawals you can make from personal savings3 and money market accounts4. Currently, that limit is six withdrawals per month. 

1 Standard account charges may apply. 

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

3 Federal regulations allow only six preauthorized transfers out of the account per month. Each preauthorized transfer in excess of six will incur a $5 fee regardless of account balance. Continued excessive preauthorized transfers will result in account closure. 

4 Federal law requires that no more than six preauthorized or automatic transfers (including online and telephone transfers) to other accounts you have with us or to third parties may be made from the Money Market Account during any statement cycle. Excessive preauthorized transfers may result in fees being charged and/or a conversion of your account to a different account type.