Settle in faster with RBC Newcomer Advantage. Banking made easy for newcomers to Canada

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1 Settle in faster with RBC Newcomer Advantage Banking made easy for newcomers to Canada

2 1 RBC Royal Bank Banking made easy 2 10newcomers 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 Advantage 2 you can now benefit from preferred rates, savings and special offers, including: we make banking easy for 10ways 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: We are Canada s largest bank * We provide service in over 200 languages We have the largest combined branch and ATM network across Canada We provide 24/7 access to your money, including free balance inquiries online or by phone 1 We have credit and banking solutions, created specifically with newcomers in mind to make it easier and faster to get settled here in Canada We have an extensive small business network of over 2,400 advisors available to help you start and grow your business 1No annual fee 3 on select RBC Royal Bank credit cards (Visa or Mastercard ) no credit history required. 4 2An 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 3A cost-effective way to send money overseas online with RBC International Money Transfer. 8 An RBC Royal Bank car loan with no Canadian credit history required 9 at over 3,500 dealerships. 4A mortgage with RBC Royal Bank, no Canadian credit history required. 10 Firm, fast approval process. 5 Limited term preferred interest rates on Guaranteed Investment Certificates 6(GICs). 11 A preferred rate on foreign exchange transactions for 12 months in branch with the RBC Signature No Limit Banking and 7some business accounts. 12 A small safe deposit box (lock box) 8with fees waived for up to two years. 13 A choice of a business deposit account with a $50 credit 14 or the in-market offer when you 9open any new eligible business account. 10 A secure and convenient way to keep track of your money online through RBC Online Banking. 15

3 3 RBC Royal Bank 1 A no annual fee3 credit card Banking made easy 4 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 No annual fee 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 Getting your first credit card is easy n No credit history required4 you can apply as soon as carrying large amounts of cash n You can often use your credit card as an additional form of identification 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 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

4 5 RBC Royal Bank Banking made easy RBC No Limit Banking Need to send account money overseas? Enjoy great savings, unlimited transactions and more This popular banking account includes: Monthly banking fee waived for 9 months or choice of in-market offer if applicable 7 Unlimited debit transactions 6 Unlimited FREE Interac e-transfer transactions 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 transactions 17 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. With RBC International Money Transfer 8, 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 Banking 15 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: Your passport and Landing papers or permanent resident card What you need to know about chequing accounts All RBC personal chequing accounts include unlimited free transfers through the Interac e-transfer service to anyone in Canada. A chequing account is sometimes called a banking account. 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. Most banks charge a monthly fee for a chequing account. A specified number of transactions may be included in the monthly fee. Interest is typically not paid on balances held in a chequing account.

5 7 RBC Royal Bank 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 No Canadian credit history required 9 at over 3,500 dealerships Finance new or used vehicles up to four years old 9 Take up to 60 months to pay back your loan 9 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.) Checklist 19 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: A down payment the initial payment from your personal savings 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 No Canadian credit history is required 10 Qualification process is designed for newcomers to Canada Amortizations are available for up to 30 years 21 Firm, fast credit approvals and a 120-day rate guarantee 22 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: 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 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 rbcroyalbank.com/mortgages or call

6 9 RBC Royal Bank Banking made easy 10 6 RBC Guaranteed Investment Certificates greater growth, guaranteed Get a limited term preferred interest rate with RBC Guaranteed Investment Certificates (GICs). 11 It s one of the safest ways to invest and grow your savings. To find out more about RBC GICs, meet with an RBC advisor 7 Preferred rates on foreign exchange transactions 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 A safe deposit box (lock box) If you need a safe place to store passports or other important documents, we offer a small safe deposit box 13 free for up to two years when you open an eligible RBC bank account. 9 RBC RBC Online business Banking deposit 22 accounts 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 flexibility for clients with a fluctuating 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 RBC Online Banking 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. You can also download the RBC Mobile 24 app. RBC Mobile is safe, gives you secure access to your accounts from just about anywhere and simplifies your life.

7 11 RBC Royal Bank RBC Royal Bank 12 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 $ 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. 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.

8 Taking advantage of our newcomer offer 2 is easy. Just bring the following documents to any RBC Royal Bank branch: Your passport and Your landing papers or permanent resident card We speak your language Our branches are staffed to reflect the communities in which we work and the languages that our clients speak. Visit an RBC Royal Bank branch, rbc.com/newcomers or call for service in over 200 languages. / 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). VPS (06/2017)