1 USD to CAD: RBC Bank Exchange Rate
Are you looking to exchange your US dollars for Canadian dollars? If so, you're likely wondering what the exchange rate is at RBC Bank. As one of the largest banks in Canada, RBC Bank offers competitive exchange rates for its customers. In this article, we'll explore the current exchange rate for 1 USD to CAD at RBC Bank.
Current Exchange Rate
As of [current date], the exchange rate for 1 USD to CAD at RBC Bank is:
1 USD = 1.30-1.35 CAD
Please note that exchange rates can fluctuate frequently, so it's essential to check the current rate before making a transaction.
RBC Bank Exchange Rate Fees
When exchanging currency at RBC Bank, you'll need to consider the exchange rate fees. These fees vary depending on the type of account you have and the amount you're exchanging. Here are the typical fees associated with RBC Bank's currency exchange services:
- Personal Banking Customers: 1.5% - 2.5% above the wholesale exchange rate
- Premium Banking Customers: 1.0% - 2.0% above the wholesale exchange rate
- Business Banking Customers: 0.5% - 1.5% above the wholesale exchange rate
How to Exchange Currency at RBC Bank
To exchange your US dollars for Canadian dollars at RBC Bank, follow these steps:
Online Banking
- Log in to your RBC Online Banking account
- Navigate to the "Pay Bills & Transfer Funds" section
- Select "Exchange Currency" and follow the prompts
Mobile Banking App
- Open the RBC Mobile Banking app
- Tap "Transfer & Pay" and then "Exchange Currency"
- Follow the prompts to complete the transaction
In-Person
- Visit an RBC Bank branch near you
- Speak with a representative to exchange your currency
Tips and Reminders
- Make sure to have a valid government-issued ID and proof of address when exchanging currency in-person
- Rates may vary depending on the branch location and type of account
- Consider using an RBC Bank credit card or debit card with no foreign transaction fees for international purchases
By understanding the current exchange rate and fees associated with RBC Bank's currency exchange services, you can make informed decisions when exchanging your US dollars for Canadian dollars.
