Transferring USD from RBC to another bank | RBC Royal Bank | Discussion forum

I have successfully pulled US$ from my RBC account to my Tangerine account (both $US). No problem doing it that way.

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?

Are you saying that you can only send funds via eLink from Tang to RBC?
You cannot pull funds from RBC back to Tang?

What about starting a USD chequing account at RBC, transfering from the USD HISA to USD chequing, and then writing a USD cheque to move the funds wherever you like?

I have a USD Savings at RBC and do not find any problem linking other banks to it via eLinks. Perhaps I do not fully understand your problem.

There may not be anything anyone can do while you are outside the country.

The RBC U.S. High Interest eSavings doesn't allow cheques and doesn't allow ATM access at other than RBC ATM's. No cross-border debits. Need another RBC bank account that does allow cheques.

Can't order a bank draft online or by phone. I asked a while back. RBC Royal Bank requires a branch visit to obtain a bank draft.

The RBC US Personal chequing account can only be opened online if client is living in Canada.

That account looks like a Canadian-based US$ account and not a US-based one. Consequently, the account's US$ cheques are likely drawn on a Canadian RBC branch and cannot be cleared easily outside of Canada. If one is sending US$ to someone in the US, one needs to use a cheque drawn on a bank in the US to avoid clearing hassles.

That's good to hear!

If the RBC US Personal chequing account is indeed a Canadian-based US$ chequing account, then one can create a US$ link to the account at Hubert, EQ Bank, and Tangerine Bank using the info on the cheques. One can then pull US$ out of the account electronically.

Through EQ Bank, one can push to US$ accounts at other financial institutions:

How do I deposit or withdraw funds from my US Dollar Account?
You can transfer funds as follows: to and from your externally linked CDN or USD bank accounts held at a Canadian financial institution, to and from your Savings Plus Account, or you can also send US dollars to a US dollar bank account held in another country using our International Money Transfer service, powered by Wise.

Yes, many of the Canadian onine-only banks will only open new accounts for Canadian residents. EQ Bank also requires one to remain a Canadian resident to maintain a previously opened account:

Can I use EQ Bank if I live outside of Canada?
You can continue to access your existing account while travelling outside of Canada. However, all EQ Bank account holders must be Canadian residents in order to maintain their account.

The OP did not say if the funds were with RBC Canada or RBC US, and if the transfer is cross border or not.

If the funds are within Canada to start, you can open a RBC US account (need to maintain min $1000 balance to avoid monthly maintenance fee). Then you make the transfer cross border WITHIN RBC to the side you need to make the transfer too.

If the transfer is on the Canada side, you will need a USD account at another Canadian bank then link the accounts, after which you can make a bank-to-bank transfer. If on the US side, you can transfer the funds using ACH from the RBC US account (like Interac in Canada).

Also, from RBC US, you can issue a USD chq to transfer the funds to anywhere that accepts USD funds.