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Transfer Out Fee
May 2, 2022
9:18 am
BlueSky
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RBC fee changes. Effective Aug. 1, 2022, they'll charge $150 transfer out fee for registered and non-registered accounts, up from $50 and $0 respectively.
Registered Accounts include TFSA, RRSP, RESP, RRIF, RDSP.

May 2, 2022
11:13 am
HermanH
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BlueSky said
RBC fee changes. Effective Aug. 1, 2022, they'll charge $150 transfer out fee for registered and non-registered accounts

How exactly does that transfer fee work for non-registered accounts?

May 2, 2022
11:16 am
rodeworthy
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Can you provide official link to this information, please?

May 2, 2022
12:43 pm
Loonie
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It came as a fee update blurb with a credit card bill at my house. I'm not sure if it's available online.
I threw it out as there was nothing that applied to us.

May 2, 2022
1:06 pm
FastJonny
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rodeworthy said
Can you provide official link to this information, please?  

Here is one thing I saw.
https://www.rbcroyalbank.com/onlinebanking/servicech/pdf/service_fee_and_account_changes_en.pdf

May 2, 2022
5:21 pm
Loonie
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The transfer fee on non-registered only applies to mutual fund accounts from what I see.

May 3, 2022
8:04 am
Oscar
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rodeworthy said
Can you provide official link to this information, please?  

Second to last on this page. Right click and save PDF.

https://www.rbcroyalbank.com/onlinebanking/servicech.html

May 3, 2022
8:23 am
BlueSky
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To all:
It arrived in my bank's message centre, PDF format.

Screenshot-2022-05-03-111958.jpg

May 3, 2022
8:26 am
BlueSky
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HermanH said

How exactly does that transfer fee work for non-registered accounts?  

I don't know at this point, and I don't have any meaningful dealing with RBC.

May 3, 2022
8:44 am
Oscar
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I long for the days when they just nickel and dimed us at every turn. Is this 200% fee increase due to climate change or the supply chain crisis ?

May 3, 2022
9:22 am
Loonie
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Oscar said

I long for the days when they just nickel and dimed us at every turn. Is this 200% fee increase due to climate change or the supply chain crisis ?  

LOL!
It must be the supply chains. Their computer broke down, couldn't get parts, so they decided to use correcting fluid, which smeared and made a mess, so that 6 looked like 200!
I hear they're happy with the outcome though and plan to use this technique elsewhere. It's called 'innovation', and some of them are getting a bonus for thinking it up!sf-laugh

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