Cash management

Wealth planning and protection

Manage your cash with convenient, flexible and secure accounts. Discover how our programs offer protection for your cash balances.

How you manage your money is as unique as you are, and we’d like to help you simplify it. At RBC Wealth Management, our cash management program can help you meet your saving, spending, investing and protection needs. These programs also support other important goals like saving for education or creating a reliable stream of income during retirement.

RBC Cash Management Account

Control your cash your way. The RBC Cash Management Account offers a broad range of robust cash management services, including secure account access and enhanced account monitoring. Key features include:

Bill pay
  • Auto-enrollment
  • View transaction history
  • View upcoming transactions
  • Expedite payments
  • Add/edit payees
Transfers/automated clearing house (ACH)
  • Direct deposit information
  • Instantly link bank accounts
  • Initiate external transfer
Debit cards
  • Unlimited ATM fee reimbursements1
  • No foreign transaction fees when traveling abroad2
  • Contactless and Chip technology
  • Instant account verification (IAV)
  • Compatible with Apple Pay, Google Pay and Venmo
  • Report lost/stolen
  • Lock/unlock
  • Change PIN (real-time)
  • Manage travel notices
Checks
  • Mobile check deposit
  • Manage checks
  • Track check orders

RBC Insured Deposits3

Enjoy protection at every level. Your cash in the RBC Insured Deposits program offers up to $5 million in FDIC coverage per depositor in each insurable ownership capacity.

RBC Wealth Management is not an FDIC-insured depository institution. FDIC insurance available in RBC Insured Deposits is subject to certain conditions and FDIC insurance only protects against the failure of the bank. View the current Program Terms and Conditions, Program Interest Rates and program banks for more information.

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 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.

 All other trademarks are the property of their respective owner(s)

"The RBC Cash Management Program offers a suite of products and features to meet our client’s liquidity needs with industry-leading FDIC insurance coverage and competitive rates. Effectively managing cash is vital to any wealth plan; at RBC Wealth Management, we make it easy to achieve your financial goals."

Fred Rose
Head of Banking and Lending
RBC Wealth Management–U.S.

Investment and insurance products offered through RBC Wealth Management are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.

Let’s help simplify your cash management


Discover how RBC Wealth Management can help you meet your unique financial needs.

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