![]() dollars (USD) from banks located outside of the United States. dollars (USD) from foreign banks that are members of the Clearing House Interbank Payments System (CHIPS).įedwire ABA Routing Number: 026004093: This code is used for receiving wire transfers in U.S. dollars (USD) from banks located within the United States.ĬHIPS UID: 0163: This code is used for receiving wire transfers in U.S. Transit Number and Institution Number: These codes are used for receiving wire transfers in Canadian dollars (CAD) from banks located within Canada.ĪBA Routing Number: 021001088: This code is used for receiving wire transfers in U.S. SWIFT Code: ROYCCAT2: This code is used for receiving wire transfers in Canadian dollars (CAD) from foreign banks. Here are some of the most common bank codes used for receiving foreign wire transfers: RBC uses different bank codes depending on the currency and location of the sending bank. Receiving an international wire transfer at RBC While all banks in Canada charge this markup, the extra amount being charged is much higher than it would be with a global money transfer specialist. Our research shows that on average, RBC markup for foreign exchange rates is somewhere between 3 - 7.5%, depending on the amount you're sending, where you're sending it to and which currency will be received. ![]() While RBC do publish their exchange rates here - Foreign Exchange Currency Converter, they do not reveal the markup on these rates. When you get a quote for your Wire Transfer from RBC on their website or in-app, you can also see the RBC exchange rate, but it can be difficult to then calculate how much markup you are being charged. The bank offers a wide range of financial products and services to individuals, businesses, and institutions, including personal and commercial banking, investment and wealth management, insurance, and capital markets services. RBC, also known as the Royal Bank of Canada, is one of the largest banks in Canada and a leading financial institution globally.
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