Settle in faster with RBC Newcomer Advantage®

Banking made easy for newcomers to Canada

Banking made easy 21 RBC Royal Bank

In Canada, we are known by our brand name RBC Royal Bank®. Many people also call us RBC®. We’ve been helping newcomers to Canada get settled for over 147 years. Here are a few more interesting facts about us:

n We are Canada’s largest bank*

n We provide service in over 200 languages

n We have the largest combined branch and ATM network across Canada

n We provide 24/7 access to your money, including free balance inquiries – online or by phone1

n We have credit and banking solutions, created specifi cally with newcomers in mind to make it easier and faster to get settled here in Canada

n We have an extensive small business network of over 2,400 advisors available to help you start and grow your business

Why chooseRoyal Bank of Canada?

We know how important it is to choose the right banking package, especially when you’re fi rst settling in. With the RBC Newcomer Advantage2 you can now benefi t from preferred rates, savings and special offers, including:

1010 ways we makebanking easy fornewcomersto Canada

No annual fee3 on select RBC Royal Bank credit cards (Visa‡ or Mastercard‡) – no credit history required.41

An RBC No Limit Banking® account with unlimited FREE Interac e-Transfer‡5 and unlimited debit transactions.6 PLUS either pay no monthly fee for 9 months or choose any other in-market offer that applies.7

2A cost-effective way to send money overseas online with RBC International Money Transfer.83

An RBC Royal Bank car loan with no Canadian credit history required9 at over 3,500 dealerships.4

A mortgage with RBC Royal Bank, no Canadian credit history required.10 Firm, fast approval process.5

Limited term preferred interest rates on Guaranteed Investment Certifi cates (GICs).116A small safe deposit box (lock box) with fees waived for up to two years.138A secure and convenient way to keep track of your money online through RBC Online Banking.1510

A preferred rate on foreign exchange transactions for 12 months in branch with the RBC Signature No Limit Banking® and some business accounts.127A choice of a business deposit account with a $50 credit14 or the in-market offer when you open any new eligible business account.9

Banking made easy 43 RBC Royal Bank

Apply for your RBC credit card today – simply visit any RBC Royal Bank branch and bring:

n Your passport and

n Landing papers or permanent resident card

Discover an effective way to start building your Canadian credit history

Often your credit history from your home country is not considered when creating Canadian credit scores. In order to establish a positive credit history in Canada, you need access to credit. At RBC Royal Bank, we believe access to credit should be easy for new Canadians. That’s why we offer credit cards4, car loans9 and home mortgages10 with no Canadian credit history required. Get started right away with your fi rst Canadian credit card.

The benefi ts of having a credit card

n A credit card is essential for renting a vehicle and makes it easier to shop online

n It enables you to make everyday purchases without carrying large amounts of cash

n You can often use your credit card as an additional form of identifi cation

A no annual fee3 credit card

Getting your fi rst credit card is easy

n No credit history required4 – you can apply as soon as you arrive in Canada

n No annual fee on select credit cards3

n Credit limits may grow as your income grows16

n Whether you’re interested in cash back, discounts, a low interest rate, or travel and merchandise rewards, we can offer you a credit card to complement your lifestyle

No annual fee

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Banking made easy 65 RBC Royal Bank

Enjoy great savings, unlimited transactions and more

This popular banking account includes:

n Monthly banking fee waived for 9 months or choice of in-market offer if applicable7

n Unlimited debit transactions6

n Unlimited FREE Interac e-Transfer transactions

n No minimum balance required

Other banking accountsWhen you open your RBC banking account, you may also wish to open a savings account. A savings account is kept separate from your chequing account. The RBC High Interest eSavings® account is free to open and is a great place to deposit your funds, earn interest and have 24/7 access when you need it.

Children and youth up to 19 years of age can open an RBC Leo’s Young Savers Account®. It’s a great way to start saving and learning money management, and includes 15 debit transactions17 per month with no monthly fee.

If you have more diverse banking needs, you can use our online Account Selector at rbcroyalbank.com to find banking account recommendations.

RBC No Limit Banking account

Need to send money overseas?

With RBC International Money Transfer8, you can send

money 24/7 to more than 200 countries worldwide,

including China and India.18 It’s an easy and secure way

for you to send money to family and friends overseas right

from the comfort of your home. RBC International Money

Transfer is available to RBC Online Banking15 clients with

a Canadian personal deposit account. If your current

Canadian mobile phone number has been added to your

RBC profile, you may be able to send up to $10,000 CAD

per day for just $13.50 per transfer directly from your

RBC personal banking account to the recipient’s bank

or account.8

2 3

To open your RBC banking account and apply for a credit card, visit any RBC Royal Bank branch and bring:

n Your passport and

n Landing papers or permanent resident card

What you need to know about chequing accounts

n All RBC personal chequing accounts include unlimited free transfers through the Interac e-Transfer service to anyone in Canada.

n A chequing account is sometimes called a banking account.

n From a chequing account, you can make withdrawals, write cheques and arrange automatic payments. You can also have your pay deposited directly into this account.

n Most banks charge a monthly fee for a chequing account. A specified number of transactions may be included in the monthly fee.

n Interest is typically not paid on balances held in a chequing account.

Banking made easy 87 RBC Royal Bank

We have experts to help with your unique needs. For more information and advice, contact a mortgage specialist at rbcroyalbank.com/mortgages or call 1-800-769-2511.

Buying a home is often seen as an important step towards

becoming established in Canada. Whether you or your

family has existing savings from your home country or you

are just starting out, at RBC we offer tailored solutions to

help make home-buying a seamless process.

For most people, buying a home is the single largest

investment of their lifetime, and generally, the money

to finance the purchase of a new home comes from two

sources:

n A down payment – the initial payment from your

personal savings

n A mortgage – the remainder of the money, borrowed

from a lender such as a bank

When buying a home in Canada, you need to make a down

payment of at least 5% of the purchase price.20 Although,

it’s in your best interest to make as large a down payment

as possible as it will help you lower your regular mortgage

payments and potentially save you from paying additional

costs such as mortgage insurance.

If you’re ready to buy, getting a mortgage from RBC is easy

n No Canadian credit history is required10

n Qualification process is designed for newcomers to

Canada

n Amortizations are available for up to 30 years21

n Firm, fast credit approvals and a 120-day rate

guarantee22

Plus, with an RBC mortgage, you’ll enjoy flexible payment

options including Double-Up® payments, annual lump-

sum payments and the Skip-A-Payment®,23 option.

Alternatively, we can help you save for your down payment

You can take advantage of either the RBC automatic

savings plan or tax-efficient solutions, such as:

n Tax-Free Savings Account (TFSA) – where you won’t

pay tax on any contributions and income earned in the

account and you’ll have the flexibility to withdraw it at

any time

n Tax-deductible Registered Retirement Savings Plan

(RRSP) – which you can use to take advantage of the

Home Buyers’ Plan

Many people in Canada borrow funds to purchase their first car, and with an RBC Royal Bank car loan, it is now easier than ever.

Get on the road faster with an RBC Royal Bank car loan

n No Canadian credit history required9 at over 3,500 dealerships

n Finance new or used vehicles up to four years old9

n Take up to 60 months to pay back your loan9

n Enjoy flexible financing so you can buy the car you want

Find a car dealer near you who offers financing from RBC Royal Bank and learn about our current offers. Visit rbc.com/askforrbc/newcomer.

(Tip: Remember to ask your dealer for an RBC Royal Bank car loan once you’ve negotiated your purchase price.)

Buying your first car in Canada

Buying your first home in Canada

4

5

Checklist19 for buying a car

Research your car online

Know what you can afford for a monthly payment

Get an automobile insurance quote

Do a test drive

Make sure to get used vehicles inspected

9 RBC Royal Bank

Get a limited term preferred interest rate with RBC Guaranteed Investment Certifi cates (GICs).11 It’s one of the safest ways to invest and grow your savings.

RBC Guaranteed Investment Certifi cates – greater growth, guaranteed

When you open an RBC Signature No Limit Banking account or RBC VIP Banking® account, the RBC $6 Small Business® Account or any of our four Fixed Fee Plan Business Accounts, you will receive a preferred rate on all your personal or small business foreign exchange transactions you conduct in-branch over the next 12 months.12

Preferred rates on foreignexchange transactions

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7To fi nd out more about RBC GICs, meet with an RBC advisor

If you need a safe place to store passports or other important documents, we offer a small safe deposit box13 free for up to two years when you open an eligible RBC bank account.

A safe deposit box (lock box)8

Banking made easy 10

RBC Online Banking22

You can also download the RBC Mobile24 app. RBC Mobile is safe, gives you secure access to your accounts from just about anywhere and simplifi es your life.

RBC Online Banking22

Running a successful business begins with knowing how to get the most out of every dollar earned. Our knowledgeable business advisors can provide service in over 200 languages, and help you get started with your business.

¡ The $6 Small Business Account offers maximum fl exibility for clients with a fl uctuating number of transactions each month and a 35% discount on all electronic transactions.

¡ Business Essentials® Fixed Fee Plans offer substantial savings for businesses with consistent monthly transaction volumes.

¡ Plus, you can now get $50 when you open select new RBC business accounts or choose the in-market offer.14

When you open a chequing or savings account with us, you’ll also be able to get free access to RBC Online Banking. It’s a secure and convenient way to keep track of your money online. It lets you see a full listing of all your accounts, loans, mortgages, credit cards and more. You can pay bills, transfer money and set up automatic payments.

RBC business deposit accounts

RBC Online Banking10

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11 RBC Royal Bank

Personal lending products and residential mortgages are offered by Royal Bank of Canada and are subject to its standard lending criteria. Some additional conditions apply. Offer may be changed or withdrawn at any time, without notice. Not available in combination with any other rate discounts, offers or promotions. To take advantage of these offers you must show proof of entry into Canada and provide supporting documents such as a passport and landing papers, or permanent resident card.

* Based on market capitalization.1 Standard message and data charges apply.2 Available only to newcomers to Canada who have arrived in Canada within

the last 12 months and to newcomers who arrived between one and three years ago when they switch their account from another financial institution using RBC CustomSwitch®. Must show proof of entry into Canada and provide supporting documents such as landing papers or permanent resident card. Other conditions apply. See branch for details. This offer may be withdrawn at any time and is subject to change without notice.

3 No annual fee is available on the following RBC Royal Bank credit cards: RBC Cash Back Mastercard, RBC Rewards+™ Visa, RBC Visa Platinum, RBC Esso‡ Visa.

4 An RBC Royal Bank credit card with no Canadian credit history required is available to permanent residents who have arrived in Canada within the last 12 months, provided you meet all of the eligibility and credit criteria of Royal Bank of Canada. You may be eligible for a secured or unsecured RBC Royal Bank credit card even if you have no Canadian credit history. If you don’t qualify for an unsecured RBC Royal Bank credit card, you may still be eligible for a credit card provided you give us a security deposit and meet Royal Bank of Canada’s eligibility criteria. For secured credit cards, a credit history may be required.

5 Unlimited FREE transfers through the Interac e-Transfer service are available in all Canadian dollar personal banking (chequing) accounts and are not counted toward the free monthly total in accounts with a limited number of free debits. In all Canadian dollar savings accounts, Interac e-Transfer transfers are $1 each, count as a Debit Transaction toward any free monthly total and carry an Excess Debit Transaction fee, if applicable. The Interac e-Transfer service is not available with US dollar accounts.

6 Debit transaction means a withdrawal of funds from an account and includes an assisted transaction and an electronic self-serve transaction.

7 Monthly fee will be waived for the first 9 months upon account opening of the RBC No Limit Banking account. Monthly fee is $10.95. Other account transaction fees may apply. Monthly fee waiver for the first 9 months may be replaced with any in-market offer that applies to the RBC No Limit Banking account. Available only to newcomers; please see the eligibility requirements in note #2.

8 RBC International Money Transfer is available for a $13.50 CAD per transaction fee. Additional service fees may also be charged by any intermediary and receiving bank. Maximum limit of $2,500 CAD or Canadian dollar equivalent allowed per client per day. If you are eligible, we may allow you to exceed this limit on a per transaction basis, up to a maximum of $10,000 CAD per day, if your current Canadian mobile phone number has been added to your RBC profile and you successfully complete an additional authentication process. You cannot send an International Money Transfer from a U.S. dollar account or the RBC High Interest eSavings account. This service may not be used to send funds to recipients in Canada and in restricted countries.

9 You may be eligible for an RBC Royal Bank automotive car loan even if you have no Canadian credit history. Available to permanent residents and foreign workers who have been in Canada less than 3 years. Minimum of 25% down payment is required. Maximum financing term is 60 months with a maximum loan amount of $75,000. No credit history required on vehicles less than 4 years old, provided you meet all of the eligibility and credit criteria of Royal Bank of Canada.

10 You may be eligible for an RBC Royal Bank residential mortgage or mortgage within an RBC Homeline Plan®, even if you have no or thin Canadian credit history, provided you meet all of the eligibility and credit criteria of Royal Bank of Canada and do not have adverse credit bureau information. Available to permanent residents who have been in Canada less than 5 years. Temporary residents may also apply. To take advantage of these offers, you must show proof of entry into Canada and provide supporting documents such as a passport and landing papers (work permit/visa) or Canadian permanent resident card. Additional documents may be required to validate down payment funds sourced from another country.

11 Enjoy preferred interest rates on the first term of non-redeemable, redeemable and one-year cashable GICs with a minimum term of one year and a balance of $1,000 or more. Regular interest rates apply upon renewal. Available only to newcomers; please see the eligibility requirements in note #2.

RBC Royal Bank 12

12 Personal clients: enjoy a preferred foreign exchange rate on all transactions made during the first 12 consecutive months of account opening with the use of your RBC Signature No Limit Banking account or RBC VIP Banking account. Available only to newcomers; please see the eligibility requirements in note #2. Business clients: enjoy a preferred foreign exchange rate on all transactions made during the first 12 consecutive months of account opening with the use of any RBC Business Banking Account. Available only to newcomer business clients who have arrived in Canada within the last 5 years. Regular foreign exchange rates apply on all other deposit accounts.

13 Only available with the RBC No Limit Banking account, RBC Signature No Limit Banking account or RBC VIP Banking account. Up to a two-year rental of a small safe deposit box with annual fees waived, where boxes are available. Safe deposit box fees are collected in advance in January for each calendar year. If you open, switch or are converted to an eligible account, your fees for the box will be waived in full or in part for the current year, depending on the time when the box is opened, and in full for the following year. Available only to newcomers; please see the eligibility requirements in note #2.

14 $50 credit available when opening any eligible new RBC Royal Bank business banking account (except the RBC Royal Bank Small Business eAccount).

15 RBC Online Banking is provided by Royal Bank of Canada.16 Provided you meet all of Royal Bank of Canada’s eligibility criteria and provide

express consent.17 RBC Virtual Visa Debits, RBC Royal Bank loan payments, RBC Royal Bank

mortgage payments, pre-authorized and self-serve RBC Royal Bank credit card payments and contributions to RBC investment accounts (such as GICs, Royal Mutual Funds, Registered Savings Plans, Registered Education Savings Plans, Registered Disability Savings Plans and Tax-Free Savings Accounts) from your RBC Leo’s Young Savers Account are free of charge. All other Debit Transactions from these Accounts are counted as Debit Transactions towards the free monthly Debit Transactions included in the Account, and give rise to an Excess Debit Transaction Fee if the total free monthly Debit Transactions are exceeded.

18 Funds may not be sent to recipients in Canada and recipients in restricted countries.

19 This is provided for informational purposes only and is not intended as legal or other professional advice.

20 Down payment of less than 20% of the value of a property requires a maximum 25-year amortization and would not qualify for a 30-year amortization. In addition, if your down payment is less than 20%, you must pay a mortgage default insurance premium charged by a mortgage insurer. This insurance protects the financial institution if you ever default on your mortgage.

21 Available for Conventional Newcomer Equity and Standard Programs. Default insured programs are limited to 25 years.

22 We guarantee your interest rate for the selected mortgage type and term for up to 120 days from the application date. If the mortgage is not funded within the 120-day period, the interest rate guarantee expires.

23 The principal and interest portion of any skipped payment will remain outstanding until the end of the term of your loan, at which time the skipped payment must be repaid. Interest will continue to accrue upon the total amount of the skipped payment until such time that the skipped payment is repaid in full. You may repay the skipped payment at any time.

24 RBC Mobile is operated by Royal Bank of Canada, RBC Direct Investing Inc. and RBC Dominion Securities Inc.

30048 (06/2017)

® / ™ Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada. ‡ All other trademarks are the property of their respective owner(s). VPS98712

Taking advantage of our newcomer offer2 is easy. Just bring the following documents to anyRBC Royal Bank branch:

■ Your passport and

■ Your landing papers or permanent resident card

We speak your language Our branches are staffed to refl ect the communities

in which we work and the languages that our

clients speak.

Visit an RBC Royal Bank branch,

rbc.com/newcomers or call 1-800-769-2511

for service in over 200 languages.