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. To find a no-fee ATM near you visit www.rbcbank.com/atms. If you can't find a no-fee ATM nearby, you can use your RBC Bank Debit card for cash back with your purchases at many larger retail merchants such as grocery stores, or visit any U.S. ATM and request a refund of the ATM fee. Refund requests can be made by signing into online banking and sending a secure message to our online banking support team. All refunds are subject to limitations, refer to the Personal Schedule of Fees for details.

3. Reimbursement of other banks’ ATM fees upon request

If ATM fees 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.

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

Federal regulations and the Personal Services Agreement limit the number of the following types of withdrawals and transfers from a savings or money market account to a total of six (6) each monthly statement period: automatic or pre-authorized transfers, telephone transfers, Online and Mobile Banking transfers or payments or, if checks or debit cards are allowed on the account, check, draft and point-of-sale transactions. If you repeatedly exceed the limit, we may close or convert your savings or money market account to a different account type. An RBC Bank checking account is required to open a Preferred Money Market Savings account or a Personal Savings account.

6. Earn 1 RBC Rewards point for each $1 spent

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

7. Transfer RBC Rewards points

When transferring points, points are converted at a 2 to 1 ratio from RBC Bank to Royal Bank of Canada – meaning for every 2 RBC Rewards points transferred from your RBC Bank account, you will receive 1 RBC Rewards point from Royal Bank of Canada. Once points are transferred, points will be guided by the Terms and Conditions of the RBC Rewards Program at Royal Bank of Canada. For complete terms, conditions and restrictions that apply to the RBC Rewards program, please visit www.rbcbankrewards.com 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

Visa's Zero Liability Policy covers U.S. issued cards only and does not apply to commercial credit cards, ATM transactions, or PIN transactions not processed by Visa. Cardholder must notify card issuer promptly of any unauthorized use. Consult issuer for additional details or visit http://www.rbc.com/security.

Personal Checking Accounts

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. For details visit http://www.fdic.gov.

Savings Accounts

15. CD

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

Money Market Accounts

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.

Cards

20. No annual fee

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 foreign transaction regardless of whether the transaction is made in U.S. Dollars or in a foreign currency (Exception: Puerto Rico and U.S. Virgin Islands). Late Payment Fee- up to $35. Returned Payment Fee - up to $35.

21. Apple Pay

Apple Pay is a trademark of Apple Inc.

22. "Prime rate"

Prime Rate: As published in the Wall Street Journal, Eastern Edition, on the 20th day of the preceding month; current rate is 5.25% as of November 1, 2018.

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 RBC Rewards for Cash Back

1.00% cash back from the Visa Signature/Platinum and 1.25% cash back from the Visa Signature Black Credit cards can only be redeemed with RBC Rewards Points.

0% introductory APR Black & Plus Card

After the introductory period, a variable interest rate of between 11.99% and 21.99% will apply. This APR will vary with the market based on the prime rate.

Mortgages

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

Example: 3-Year ARM calculation assumes a $250,000 loan amount, 4.000% interest rate, 4.764% APR, with 20% down payment, amortized over 360 months = $1,193.54 monthly payment. Example: 5-Year ARM calculation assumes a $250,000 loan amount, 4.125% interest rate, 4.679% APR, with 20% down payment, amortized over 360 months = $1,211.62 monthly payment. Example: 7-Year ARM calculation assumes a $250,000 loan amount, 4.375% interest rate, 4.699% APR, with 20% down payment, amortized over 360 months = $1,248.21 monthly payment. Rates 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. Fall Mortgage and HELOC Sale – 2018

To qualify for the $0 underwriting fee, a full and complete mortgage or Home Equity Line of Credit application must be submitted by January 31, 2019. 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 Dec 3, 2018 through Jan 31, 2019 (“Offer Period”). Offer is available for new clients of RBC Bank (U.S.) only. A new client is defined as an individual who has not been a primary or secondary accountholder on any RBC Bank U.S. checking account for the 18 months prior to the start of the offer period. To qualify, client must open a new RBC Bank Direct Checking account and be approved for an RBC Bank credit card before the end of the Offer Period. Employees of Royal Bank of Canada do not qualify for this offer. Direct Checking account must be enrolled in eStatements, account must be funded according to the Personal Schedule of Fees and the credit card opened by February 7, 2019. For eligible clients, RBC Bank will waive the Direct Checking monthly or annual fee for 1 year. All other checking account fees apply. If a client applies for a RBC Bank Visa Signature Black Plus credit card, the annual fee of the credit card is not waived. Offer is available for a limited time only and can be withdrawn at any time.

HELOC

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, Eastern Edition, on the 25th day of the preceding month.) Current rate is 5.00% as of July 1, 2018, 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.

31. Offer period is 11/19/18 through 4/15/19 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 April 15, 2019 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.

Other

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.

‡ U.S. version of trademarks

All other trademarks are the property of their respective owners.

* Premium Interest Checking and Preferred Checking products are no longer available for new clients.