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Transferring USD from RBC to another bank
August 2, 2022
3:12 pm
albertkao9
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I have a RBC US saving account.
When I emailed RBC about transferring from my USD account to another company, I got this reply, which was different from the comments posted so far:
The US Government restricts online/electronic trading in US dollars. Any transaction in US dollars is to be monitored by RBC as part of RBC's due diligence procedures. Any transaction in US dollars must have a signature or be transferred to existing RBC accounts on your profile. This prevents ATM transactions and electronic transactions to/from the USD account unless the Canadian ATM dispenses US cash or the funds are converted to Canadian dollars.
So if you are looking to make a transfer from your USD account please attend the branch to make a wire transfer. You can also purchase a draft or take cash. Please call 3 days in advance if you are looking to make a large cash transaction.

August 2, 2022
10:21 pm
Norman1
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Personal banking clients cannot push funds in RBC Royal Bank accounts out electronically to an external account. RBC Royal Bank considers that to be a business banking service.

Does your RBC U.S. High Interest eSavings account accept US$ pre-authorized debits from other Canadian financial institutions? If so, then one could pull US$ funds out of your RBC U.S. High Interest eSavings account from EQ Bank, Tangerine Bank, or Hubert Financial.

August 3, 2022
2:51 pm
rhvic
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I have successfully pulled US$ from my RBC account to my Tangerine account (both $US). No problem doing it that way.

August 3, 2022
3:25 pm
pooreva
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NONE of the 'big banks' offers PUSH.
Only 'electronic' banks offer both push and pull of your money.

August 3, 2022
3:27 pm
Norman1
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RBC U.S. High Interest eSavings says cheques are not permitted on the savings account.

Not clear if pre-authorized debits are permitted or not.

Was the account the RBC US$ chequing account or the RBC US$ savings account?

August 3, 2022
4:04 pm
JohnnyCash
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Norman1 said
RBC U.S. High Interest eSavings says cheques are not permitted on the savings account.

Not clear if pre-authorized debits are permitted or not.

Was the account the RBC US$ chequing account or the RBC US$ savings account?  

I have the RBC High Interest eSavings account and successfully completed numerous push and pulls over the years from Tangerine without issue. Recently, I've done a successful test push from EQ, have yet to do a pull though.

August 4, 2022
4:13 am
albertkao9
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Thank you all for your comments :).
I will try pulling US$ from my RBC account.

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