Banking

Banking and custody

Manage your financial interests with bank accounts and services supported by the strength and stability of a truly global institution.

With global financial interests come global banking needs. These may include managing complex cross-border family and business interests, meeting certain account requirements or undertaking international transactions. Our Private Wealth service offers a suite of international banking solutions to complement your wealth portfolio.*

As our client, your relationship manager can provide you with insight and guidance to help you make informed choices that address your unique banking and wealth management needs.

Global banking solutions

Executive Plus Account

The Executive Plus Account is our demand deposit account that acts as a gateway to our range of products and solutions. Our account has a range of features, subject to eligibility, including being available in a wide range of currencies, and can be used to make and receive foreign currency transactions. To find out more, contact us to speak to one of our relationship managers.

International payment services

If you regularly make cross-border payments, you may want to use our robust and reliable payment services. Have access to facilities such as wire transfers (SWIFT, CHAPS) and BACS payments. You can also make online payments using our digital banking services.

Fixed Term Deposit Account

With our Fixed Term Deposit Account, you can hold funds on deposit for a chosen period at an interest rate specified at the outset. These are available with a variety of maturity dates and in a broad range of currencies.

Foreign exchange services

Many of our banking solutions include a foreign exchange service that covers a wide range of currencies. Subject to eligibility, we can also offer more complex FX products, such as FX forward contracts.

Online access to your accounts

Access your accounts whenever you like with our secure online banking services. View your holdings, make payments, conduct inter-account transfers and execute foreign exchange transactions all in one convenient place.

*Please note: The solutions and products referenced may not be available in your specific geographical region.

Deposit protection information

Your eligible deposits with Royal Bank of Canada (London Branch) and RBC Europe Limited are protected by the Financial Services Compensation Scheme (FSCS), the UK’s deposit protection scheme, up to the FSCS compensation limit. The scheme covers most deposits.

From 30 January 2017, the FSCS compensation limit is £85,000.

Any deposits you hold above the FSCS compensation limit are unlikely to be covered, unless under specific circumstances, as determined by the FSCS.

For more information on the scheme, visit www.fscs.org.uk . You may also refer to these information sheets, which include exclusion lists:

FSCS Information Sheet RBC Europe Limited

FSCS Information Sheet Royal Bank of Canada (London Branch)

FSCS deposit protection information sheet

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Royal Bank of Canada (Channel Islands) Limited is a participant in the Guernsey and Jersey Banking Deposit Compensation Schemes. Each Scheme offers protection for ‘qualifying deposits’ or ‘eligible deposits’ up to £50,000 per individual claimant, subject to certain limitations. The maximum total amount of compensation is capped at £100,000,000 in any 5 year period. Full details are available on the Scheme’s website(s) www.dcs.gg or www.gov.je/dcs or on request.

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