Settle in faster with RBC Newcomer Advantage

Settle in faster with RBC Newcomer Advantage?

Banking made easy for newcomers to Canada

1 RBC Royal Bank

Why choose Royal Bank of Canada?

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 specifically 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

Banking made easy 2

10 ways we make banking easy for newcomers to Canada

We know how important it is to choose the right banking package, especially when you're first settling in. With the RBC Newcomer Advantage2 you can now benefit from preferred rates, savings and special offers, including:

1No annual fee3 on select RBC Royal Bank credit cards (Visa or Mastercard) ? no credit history required.4

2 An RBC No Limit Banking? account with unlimited FREE Interac e-Transfer5 and unlimited debit transactions.6 PLUS either pay no monthly fee for 9 months or choose any other in-market offer that applies.7 A cost-effective way to send money overseas online with RBC International Money Transfer.8

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

5 A mortgage with RBC Royal Bank, no Canadian credit history required.10 Firm, fast approval process. 6 Limited term preferred interest rates on Guaranteed Investment Certificates (GICs).11

7 A preferred rate on foreign exchange transactions for 12 months in branch with the RBC Signature No Limit Banking? and some business accounts.12 8 A small safe deposit box (lock box) with fees waived for up to two years.13

9 A choice of a business deposit account with a $50 credit14 or the in-market offer when you open any new eligible business account.

10 A secure and convenient way to keep track of your money online through RBC Online Banking.15

3 RBC Royal Bank

Banking made easy 4

1 A no annual fee3 credit card

No annual fee

Getting your first 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

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 first Canadian credit card.

The benefits 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 identification

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

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Banking made easy 6

2 RBC No Limit Banking account

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 accounts

When 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 to find banking account recommendations.

3 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

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.

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Banking made easy 8

4 Buying your first car in Canada

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

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

5 Buying your first home in Canada

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 lumpsum 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

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

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