How to transfer funds from CAD to USD in your RBC Business account?

In this article, let's understand how to transfer funds from CAD to USD on your RBC business account. Existing support articles on the RBC website can be unclear and lack a sense of direction. This guide aims to fill that gap, providing clear, concise instructions for managing currency transfers between accounts.

The Process:

1. 24/7 Transfers: You can transfer funds from your RBC CAD account to your RBC (US) account and vice versa at any time, all year round.
2. Exchange Rates and Linked Accounts: RBC controls the exchange rates. To facilitate the transfer, both accounts must be linked. Once the transfer is complete, you will have immediate access to the funds in the destination account.
3. Single Sign-In: Accessing your RBC Royal Bank and RBC Bank (U.S.) Online Banking business accounts with a single sign-in is also possible to monitor finances.

How does it look in your RBC account?

Once the accounts are linked, you'll see both accounts displayed, allowing for easier monitoring and management.

Can you convert funds at your convenience with RBC?

Of course not. RBC doesn't offer 24/7 conversion capability, limiting accounting teams in transferring funds.

Banks are slow, provide outdated portals, and still charge heavily for their services.

How does CADUSD conversions work with Finofo?

With Finofo, you can do real-time conversions at any time, 365 days a year. You'll be able to convert funds between your accounts instantly, at any time: 24 hours a day, 7 days a week, all year round. Whether it's Sunday night or a long weekend, you can make conversions, and it will all reflect in real time.

You'll also receive immediate updates, with funds reflected in both accounts once the transfer is complete.

Interested in learning how instant conversions work with Finofo? Book a demo here!