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RBC makes it easier than ever to send money with free e-transfers for personal accounts

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RBC makes it easier than ever to send money with free e-transfers for personal accounts

The Royal Bank of Canada has introduced limitless free Interac e-Switch bills on all personal accounts. RBC additionally just lately rolled out newly designed cellular apps for each iOS and Android, making it easier than ever to send money.

The most recent model of respective apps lets in those that grasp accounts with the financial institution to get right of entry to their cost and present playing cards at level of sale. Each apps additionally strengthen fast Interac e-transfer bills between accounts. Hit the hyperlink beneath to obtain the professional RBC app for iOS.

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TORONTO, Would possibly 3, 2016 — Whether or not splitting the invoice, paying the babysitter, or reimbursing a sibling for that superior Mom's Day present, Canadians are increasingly more the use of person-to-person bills as a part of their day by day spending. As a marketplace chief in cost innovation, RBC is making it easier and more economical for shoppers to send money via providing limitless free Interac e-Switch bills on all personal chequing accounts.

"Providing free e-Transfers helps our dedication to serving to our shoppers seamlessly and temporarily send money how they would like and when they would like," stated Linda Mantia, government vice-president, Virtual, Bills and Playing cards at RBC. "As shoppers include new applied sciences and building up their use of cellular we're all the time taking a look for tactics to supply them with added worth and comfort. Taking this management position in person-to-person bills will permit us to proceed to construct consumer loyalty and take care of robust consumer relationships."

This choice helps new statistics from Interac that display that the Interac e-Switch carrier is rising at 50 according to cent in line with yr.

"RBC obviously acknowledges the converting nature of bills and that shoppers are not easy and embracing virtual cost choices as a part of their core banking products and services," stated Mark O'Connell, president and CEO of Interac Affiliation and Acxsys Company. "Shoppers need to be in a position to simply and securely pay and change money the use of budget of their financial institution accounts and our cost answers, like Interac e-Switch, lend a hand monetary establishments meet this want."

Canada is an innovator and an international chief in person-to-person cost generation and infrastructure. Shut to 100 in line with cent of customers who financial institution on-line with monetary establishments have get entry to to sending or receiving Interac e-Switch bills.

"RBC's funding in cellular has in reality speeded up the adoption of person-to-person bills and in 2015 RBC shoppers despatched extra than $22 billion in bills between our two person-to-person cost products and services – some distance surpassing many incumbents and new entrants within the fintech area," stated Mantia. "Nowadays, extra than 50 in keeping with cent of RBC e-Transfers are despatched the use of a cellular software, which used to be much less than 20 in line with cent simply a few years in the past. It is not a wonder our shoppers love RBC person-to-person bills as they're easy, immediate and now they're free."

RBC, as a marketplace chief in cost innovation, has a robust historical past of making an investment in person-to-person bills and cellular generation.

  • In 2001, RBC presented a free RBC consumer to RBC consumer cost carrier.
  • In 2003, RBC presented Interac e-Switch bills.
  • RBC used to be some of the first monetary establishments in Canada to be offering Interac e-Switch Bulk Disbursement, adapted to allow companies to send bills to more than one recipients without delay.
  • In 2013, RBC introduced its RBC Safe Cloud cellular bills carrier. The generation, a primary in Canada, assists in keeping delicate buyer knowledge safe with RBC within the cloud, now not at the telephone, making this a more secure, quicker, extra versatile answer.
  • In 2014, RBC used to be the primary Canadian monetary establishment to supply shoppers with the number of the use of debit or credit score for their cellular bills.

RBC lately rolled out a newly designed RBC Cellular app and RBC Pockets on Android and iPhone. The RBC Pockets on Android provides customers handy get right of entry to to their cost and present playing cards on the level of sale. For iPhone customers, the brand new RBC Pockets supplies shoppers with safe and simple get entry to to their present playing cards in a single handy location. Each cellular platforms enhance seamless, fast Interac e-Switch bills between consumers.

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