Create a real-time currency exchange rate alert.

Royal Bank of Canada (RBC) FAQ

Wondering if RBC is the right choice for your currency exchange or cross-border transfers? Take a moment to explore your options and uncover potential savings by avoiding common hidden fees.

Use the currency calculator to see how much more you could receive by choosing KnightsbridgeFX instead of RBC.

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What Is RBC Bank?

RBC Bank is the U.S. retail banking division of the Royal Bank of Canada, primarily serving Canadians living, working, or travelling in the United States. It offers cross-border banking services like:

  • U.S. bank accounts and credit cards
  • U.S. mortgages and loans
  • Online and mobile banking for managing both U.S. and Canadian accounts

Key RBC cross-border features:

  • Instant, no-fee transfers between your U.S. and Canadian RBC accounts
  • Bill payments from either country
  • Free access to 50,000+ U.S. ATMs
  • A no-fee home equity line of credit

But before you make a money transfer with RBC, know this: their exchange rates often include hidden fees that can cost you more than you think.

RBC vs KnightsbridgeFX:
Which Is Better for Currency Exchange?

RBC may offer convenience, but that convenience comes with a price. While RBC provides essential banking services, their exchange rates are marked up — meaning you’re paying more in hidden fees.

At KnightsbridgeFX, we offer:

  • Real mid-market rates
  • No hidden fees
  • Bank-beating exchange rates
  • Fast, secure international transfers

Why pay more?
Compare RBC with KnightsbridgeFX now:

RBC may offer convenience, but that convenience comes with a price. While RBC provides essential banking services, their exchange rates are marked up — meaning you’re paying more in hidden fees.

  • You send
    RBC gives you
    KBFX gives you
    You save with KBFX
  • $ 1,000 CAD
    $728 USD
    $745 USD
    $17 USD
  • $ 1,000 USD
    $ 1,283 CAD
    $ 1,313 CAD
    $30 CAD

RBC FAQs

What is the Royal Bank of Canada (RBC)?

RBC is Canada’s largest bank by market capitalization and one of the largest banks in North America, providing a full suite of financial services to personal, business, and institutional clients globally.

What services does RBC provide?

RBC offers personal and commercial banking, wealth management, insurance, capital markets, and investment banking services.

How can I contact RBC customer service?

You can contact RBC customer service by phone at 1-800-769-2553 (Canada/U.S.) or through online chat and secure messaging via the RBC website and mobile app.

What is the RBC online banking platform?

RBC Online Banking allows clients to manage accounts, pay bills, transfer funds, view statements, and access a range of services anytime, anywhere through secure internet access.

How do I open an RBC account?

You can open an account by phone, online, or in person at any RBC branch. Identification and some personal information are required.

What is an RBC Client Identification Number?

It’s a unique ID you receive when opening an RBC account. You’ll need it for online or telephone banking. Lost yours? Call 1-800-769-2553 to retrieve it.

Who owns RBC Bank?

RBC Bank is a wholly owned subsidiary of the Royal Bank of Canada, Canada’s largest bank by market capitalization.

What is the transit number for RBC?

A transit number is a 5-digit code used to identify your local RBC branch. The first 4 digits are your branch number; the last digit is the region code.

What time does RBC Bank close?

RBC Bank (U.S.) doesn’t operate traditional branches — instead, all banking is done online or by phone, 24/7.

What is RBC's bank code?

  • Canadian Bank Code: 003
  • U.S. Routing Number: 063216608

When was RBC founded?

RBC was founded in 1864 in Halifax, Nova Scotia, as the Merchants Bank of Halifax, then becoming the Royal Bank of Canada in 1901 and now serves over 16 million clients in 40+ countries.

How do I get a void cheque from RBC?

  1. Log in to online banking
  2. Go to My Services > Account Services
  3. Select View and Print Void Cheque

Choose the account and print.

Is RBC the Best Way to Transfer Money?

While RBC is trusted and convenient for Canadians abroad, they are not your best bet for foreign exchange.

Banks typically:

  • Offer marked-up exchange rates
  • Charge hidden fees within the rate
  • Don’t disclose true costs upfront

At KnightsbridgeFX, we keep it simple

You get the real exchange rate, with transparent fees and better value for your dollar.

Compare RBC’s Exchange Rate

  • Currency Pair
    RBC Rate
    KBFX Rate
    Your Savings
  • USD → CAD
    1.2830
    1.3134
    $30 per $1,000
  • CAD → USD
    0.7386
    0.7451
    $17 per $1,000

Don’t settle for less. Check today’s rate with our free calculator.

Ready to Leave RBC Behind?

Tired of hidden fees and unfair exchange rates?
Join thousands of Canadians who trust KnightsbridgeFX to move their money smarter.

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