Ms. Kathy Bevan reports

LESS FRICTION, NO FEES, MORE FREEDOM: RBC OFFERS CONVENIENT WAYS TO SEND MONEY AROUND THE WORLD WITH INTERNATIONAL MONEY TRANSFERS

Royal Bank of Canada is making it simpler to send money around the world. Following the launch of international money transfers from United States-dollar accounts earlier this year, clients can now send same-currency international money transfers from their euro, British-pound and Hong Kong-dollar accounts -- without paying any RBC transfer fees.

• Less friction, no fees, more freedom: RBC offers convenient ways to send money around the world with international money transfers.
• Conversion-free transfers for U.S.-dollar, euro, British-pound and Hong Kong-dollar currencies held in RBC U.S. and RBC foreign currency accounts.
• Digital self-serve available any time through RBC Online Banking and the RBC Mobile app -- no branch visit required.
• Zero RBC transfer fees.
• No monthly fee, no minimum balance for RBC foreign currency accounts.

"As a globally connected bank, we want international payments to feel seamless and reliable for Canadians," said Amit Sahasrabudhe, senior vice-president, personal banking and investments, RBC. "Until now, sending money abroad digitally meant starting with Canadian dollars first. We've removed that requirement and dropped the RBC transfer fee so clients can move money around the world with less hassle and more speed."

Key features of RBC's international money transfer service include:

• Send money directly in the currency held in RBC U.S. and RBC foreign currency accounts. U.S. dollars, euros, British pounds or Hong Kong dollars can now be sent abroad in that currency.
• No exchange rate surprises. By sending international money transfers in the foreign currency they already hold, clients avoid foreign exchange surprises at the time of the transaction and gain greater clarity on what will arrive for recipients.
• Digital self serve. Send international money transfers any time through RBC Online Banking and the RBC Mobile app. No branch visit required.
• No minimum balance required, no monthly account fee. There is no need to carry a minimum balance in an RBC foreign currency account and it is a no-monthly-fee account.
• Transfers can arrive at the destination within minutes. Clients can send up to $50,000 equivalent per day ($100 equivalent minimum per transfer), with funds typically arriving within two days.
• Pay $0 in RBC transfer fees. Send international money transfers from RBC U.S. and RBC foreign currency accounts with no RBC transfer fee.

"Many Canadians rely on international payment solutions to support family abroad, pay for tuition or manage property overseas, among other needs. What they've told us is clear: they want these transfers to be as fast and easy as everything else they do in RBC Online Banking and the mobile app," said Jay Acharya, senior vice-president, everyday banking, RBC. "That's exactly what we're making possible."

About Royal Bank of Canada

Royal Bank is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. The bank's success comes from the 105,000-plus employees who leverage their imaginations and insights to bring its vision, values and strategy to life so RBC can help its clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, RBC has a diversified business model with a focus on innovation and providing exceptional experiences to its more than 19 million clients in Canada, the U.S. and 27 other countries.