Benefit From Royal Bank Of Canada Banking Services

According to the Canadian Bankers Association, banks across Canada paid over $7.6 billion in taxes to the Canadian government and approximately $9 billion globally as of 2005. The Canadian banking industry continues to advance regardless of the present economic turmoil. Furthermore, Canadians are more than just customers but they themselves are shareholders through their pension plans and other investments.
One of the top 5 banks of Canada listed in order of market capitalization is the Royal Bank of Canada. Allow me to give you a brief overview of the bank.
The bank was founded in 1864 in Halifax, Nova Scotia and was originally named Merchants Bank. Edson Loy Pease from Quebec is by far the first CEO and Managing Director of the bank, thus, playing an important role in the institution’s history. RBC is right now headquartered in Toronto at the Royal Bank Plaza. The Royal Bank of Canada is the largest financial institution in Canada based upon revenues, deposits and market capitalization. RBC has operations in Canada, United States and 51 other countries.
With the introduction of internet commercialization, significantly more institutions are actually offering online services to cater customers with advanced technological preference. The Royal Bank of Canada adapted an internet banking system for its customers to carry out basic banking activities via the internet. Through this system, clients and investors can make business transactions that does not require physical presence, less effort and cost-effective. After only a couple of minutes, quite a few banking transactions have been made. Clients get to have the flexibility and ease of banking right from the comfort of their homes or wherever they are, anytime during the day. Online banking gives customers the opportunity to manage business and/or personal finances through its features like updating account information, bill payment, money transfer and even loan application from anywhere in the world, by just the use of their internet-enabled computer. The Royal Bank of Canada guarantees a safe and secured transaction. It has developed an Online Banking Security Guarantee that is a shared responsibility that can provide 100% reimbursement in the event there will be unauthorized online banking transaction.
Online banking makes transaction easier for a range of the bank’s clients. It is among RBC’s initiatives together with the continuous advancement in technological facilities to handle the increasing number of internet savvy customers, business clients who would desire to continue making deals wherever they are and those who are extremely busy during the day and would prefer to make transactions at home, after business hours. Whatever the case is, significantly more institutions much like the Royal Bank of Canada is providing online services as a choice for their customers.