Cash management

¹ ATM fee reimbursements apply to cash withdrawals using the RBC Visa Platinum Debit Card where it is accepted. ATM fee rebates do not include any fees imposed by merchants for point of sale transactions, ATM operators, or fees for stamp purchases, balance inquiries, non-local ATM currency withdrawal fees, or any other transaction other than ATM cash withdrawal in local currency from your RBC Brokerage Account.

² If you use your card to withdraw foreign currency from an ATM, or pay for a purchase with a foreign currency, RBC Wealth Management charges your account for the U.S. dollar equivalent of the transaction. Depending on the specific arrangements that are in place, the exchange rate and calculations of the U.S. dollar equivalent will be done by the bank at which you conduct the transaction, the network to which the ATM belongs or Visa. The bank or network may also charge a fee. RBC Wealth Management does not assess foreign transaction fees (i.e., a fee to convert U.S. dollars or local currency) to debit card holders. See the Visa Debit Card Agreement for details.

³ Deposit interest rates may be subject to change and may change without notice. Deposits placed in RBC Cash Plus are not insured by the Federal Deposit Insurance Corporation (“FDIC”), Securities Investor Protection Corporation (“SIPC”) or any governmental agency of the United States, Canada or any other jurisdiction. It is possible to lose money by holding deposits in this program.

⁴ RBC Cash Plus is an automated cash sweep option that sweeps un-invested cash balances in clients’ accounts into interest-bearing deposit accounts (“Branch Deposit Accounts”) at the RBC Three World Financial Center Branch (“the Branch”) located in New York, a U.S. branch of Royal Bank of Canada, a Canadian bank. Funds on deposit at the Branch are not insured by the FDIC, SIPC or any governmental agency of the United States, Canada or any other jurisdiction. The Branch Deposit Accounts are obligations of the Branch only, and are not obligations of RBC Capital Markets, LLC, or any of its affiliates or its business divisions, including RBC Wealth Management. The payment of principal and interest on Branch Deposit Accounts at the Branch is subject to the creditworthiness of Royal Bank of Canada. In the event of the failure of the Branch, clients participating in RBC Cash Plus will become general unsecured creditors of Royal Bank of Canada. It is possible to lose money by holding deposits in RBC Cash Plus.

⁵ RBC Insured Deposits (“the Program”) is an automated cash sweep option that sweeps un-invested cash balances in clients’ accounts into interest-bearing deposit accounts (“Deposit Accounts”) with RBC affiliate banks and additional unaffiliated banks (“Program Banks”) up to applicable limits and subject to certain requirements. Availability is subject to certain restrictions. The Program provides up to $5 million in Federal Deposit Insurance Corporation (“FDIC”) insurance coverage per depositor in each insurable ownership capacity (“Deposit Limit”). Each Deposit Account constitutes a direct obligation of the Program Bank and is not directly or indirectly an obligation of RBC Wealth Management, which is not an FDIC-insured depository institution. Click here  for a list of Program Banks. More information regarding FDIC insurance is available at www.fdic.gov.

RBC Insured Deposits are not subject to market risk and potential value loss, but are subject to the risk of a Program Bank’s failure. In the event a Program Bank fails, deposits at each Program Bank are eligible for FDIC coverage up to applicable limits. Deposit balances in excess of the Deposit Limit are invested with Excess Banks and are not covered by FDIC insurance. Currently, the Primary Excess Bank is City National Bank (“CNB”), an RBC Affiliate Bank. Monies held in RBC Insured Deposits are not covered by Securities Investor Protection Corporation (“SIPC”). For retirement accounts, balances in excess of the Deposit Limit are invested in an unaffiliated money market fund. Money market mutual fund investments are not insured by the FDIC or any government agency; they are instead covered by SIPC.

Deposit Accounts and Branch Deposit Accounts will earn the interest rate based on the total assets across all accounts within your household, as well as total balances of all Deposit Accounts and Branch Deposit Accounts within your household. Interest rates/APY (Annual Percentage Yield) are subject to change without notice.

Please see our Cash Sweep Program Overview for more information.

The listed merchant(s) are in no way affiliated with RBC, nor are the listed merchant(s) considered sponsors or co-sponsors of this program.

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