( RBC Statement of Fees) RBC Exchange RatesĪnytime you move funds through banks that use different currencies, either the recipient bank, or in some cases a third party institution, take a fee out of the amount being transferred that they choose for themselves. What are the Fees for an International Wire Transfer with RBC? RBC International Transfers With KnightsbridgeFX you could save hundreds, if not thousands on your foreign exchange. If you like what you hear we can lock in a rate at its lowest possible point. Furthermore you can call us at 1-87 for a no obligation quote. Signing up with Knightsbridge is completely free, and there’s absolutely no obligation to transact. Every morning our team gets all the information on the day’s new exchange rates being charged by the banks, and then we provide exchange rates up to 2-3% lower than what they’re charging.īefore making any decision regarding an international money transfer, you deserve to have all the information and options available to you. The advantage with choosing a service like KnightsbridgeFX is that, unlike RBC, you’re charged absolutely nothing for the transfer! On top of that you get the absolute lowest exchange rate. Looking at the numbers it’s plain to see that RBC’s rates are far higher than they have to be.( RBC International Wire Transfer Fees, Knightsbridge) ProviderĢ-3% Exchange Rate Markup + Outgoing Wire Transfer Fee + Additional Fees from Third Party BanksĠ.5% Exchange Rate Markup + No Additional Fees Say for instance you were transferring $1000 CAD from a Canadian bank to a US bank account. Get Exchange Rates Up to 2% Better With KnightsbridgeFX Get An Exchange Quote Now Here’s a quick example of how an international transfer with RBC stacks up against the likes of Knightsbridgeĭon't Waste Money With Banks. To find out everything you need to know about the extra fees the Royal Bank of Canada is charging you for your international transfers and foreign currency exchanges, continue reading!
If you were to choose a service like Knightsbridge however, you’d always be getting the lowest rate on your currency exchange, because that’s our guarantee. They always charge you, the client, a higher rate because they have larger costs to cover.
#Rbc currency converter free#
The fact of the matter is that major banks, like RBC, are free to select a foreign exchange rate of their own choosing when you convert currency. We all know the banks charge for things like writing bank drafts and sending international wire transfers, but did you know that when you exchange your Canadian dollars into foreign currency they’re not giving you the best rate possible? Such a large area of operation requires them to charge a higher price for their services in order to remain profitable. The major financial institutions of Canada are massive organizations, most of whom have operations all over the world. We all know that banks charge fees for just about every service they provide. But did you know there’s a way to avoid the exorbitant fees imposed by the major banks? When most of us want to make an international money transfer we use the same financial institution that holds our personal and business accounts. These days it’s easier than ever to transfer money from one part of the world to another.
Q: What is 50 Dollars in Canadian Dollars?Ī: 50 Dollars buys 68.555 Canadian Dollars at interbank exchange rates. Q: Is the Dollar going up or down against the Canadian Dollar?Ī: Today's exchange rate (1.3711) is higher compared to yesterday's rate (1.3679). Q: What is the Dollar worth against the Canadian Dollar?Ī: One Dollar is worth 1.3711 Canadian Dollars today To convert Dollars to Canadian Dollars or determine the Dollar Canadian Dollar exchange rate simply use the currency converter on the right of this page, which offers fast live exchange rate conversions today!
#Rbc currency converter full#
For full history please visit USD/CAD exchange rate history page
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