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:
- 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
- Report lost/stolen
- Change PIN (real-time)
- Manage travel notices
- Extended ATM network1
- ATM fee reimbursements2
- Initiate internal money movement
- View transfer history
- Instant account verification (IAV)
- Apple Pay®, Google Pay™ and Venmo compatibility
- Mobile check deposit
- Manage checks
- Track check orders
RBC Insured Deposits
Enjoy protection at every level. Your cash in the RBC Insured Deposits program offers $5 million in Federal Deposit Insurance Corporation (FDIC) coverage.
As part of the RBC Insured Deposits program, cash in excess of FDIC limits is placed automatically into a U.S. government money market fund.3 This option is designed to help provide same-day liquidity and stability in all market environments. Bank deposits are not subject to market risk.
RBC Cash Plus
RBC Cash Plus is an alternative cash program, also designed to help provide same-day liquidity and stability in all market environments.4 Royal Bank of Canada has a strong capital position, a high-quality liquid balance sheet and one of the highest credit ratings globally.
RBC Cash Plus deposits are obligations of Royal Bank of Canada, which is a market leader in Canada and one of the largest financial institutions globally. Bank deposits are not subject to market risk; thus the value does not fluctuate, providing for the protection of your cash.
1 The RBC debit/ATM card can be used to withdraw cash from your account at ATMs displaying the VISA logo, at PNC Bank ATMs, MoneyPass, and AllPoint networked ATM machines. These ATM networks offer no ATM surcharges or a reduced fee if the monthly ATM fee waivers/reimbursements are achieved.
2 Clients are reimbursed up to a maximum of $240 in ATM surcharge fees per year. RBC will rebate ATM surcharge fees monthly. The ATM surcharges will be calculated as the sooner of four (4) ATM surcharges or up to a maximum of $20 per calendar month. Thereafter, the standard ATM surcharges fees will apply. Clients attaining Premier Status are eligible to have unlimited ATM surcharge fees reimbursed. RBC may impose limits for security purposes or when the card transactions and ATM surcharge fee reimbursements exceed normal conditions.
3 An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the funds. Prospectuses containing more complete information, including investment objective, risks, fees and expenses, are available by calling your RBC Wealth Management Financial Advisor. Please read it carefully before investing or sending money.
4 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. Your RBC Wealth Management financial advisor may receive compensation in connection with offering or referring these services.
Google Pay is a trademark of Google LLC.
Apple Pay is a registered trademark of Apple Inc.
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 trademarks are the property of their respective owner(s).