RBC USD account

Put your USD in a savings account with RBC and receive interest and free online transfers. Curious? Keep reading!

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How to create a USD account with RBC

The RBC USD account is for customers who need somewhere to keep US dollars or deposit money received in USD. You won’t have to convert your cash to Canadian dollars, which could be a major advantage if exchange rates are not favorable.

Step 1: Enter your full name and email address.
Step 2: Enter your full address and phone number including area code.
Step 3: Enter your Date of Birth.
Step 4: Enter your occupation, including the company name and phone number.
Step 5: Confirm Canadian residency for tax purposes and other country residency if applicable.
Step 6: Confirm if you will be the only account user and the purpose of the account.
Step 7: Review your application, home branch info, and legal terms. Click “Agree & Apply.”
Step 8: After confirmation, you may need to visit a branch with identification to activate your account.

Key features

RBC’s US High Interest eSavings account gives you high interest and flexible online transfers.

High interest

RBC calculates interest daily and pays out monthly.

No monthly fees

No monthly fee with one free debit per month.

Free transfers

24/7 access to electronic transfers to other RBC accounts online, via ATM, or phone.

Monthly Fees, Interest Rate & Minimum Balance

A quick overview of RBC USD account fees and rates.

Monthly Fees:

RBC charges no monthly fees and allows one debit transaction per month.

Interest Rate:

Account holders benefit from a rate of 0.05% (subject to change).

Minimum Balance:

No minimum balance is required, so $0.

Offers

RBC offers MyAdvisor digital advice and RBC Vantage benefits to help you save and manage your account. If you switch to an eligible RBC account, you could also get $300 cash (offer valid until August 31, 2021).

Access MyAdvisor, RBC’s digital advice service, to help reach savings goals.

RBC Vantage benefits offer savings on daily expenses and account fee discounts for linked accounts with direct deposits.

Lock misplaced debit or credit cards via the RBC mobile app.

Use NOMI to budget and stick to it.

Switch to an eligible RBC account and get $300 cash (offer valid until August 31, 2021).

Other USD Accounts