Cash management and sweep options


Offer your clients more value and grow your business with innovative cash management solutions.

Attracting and retaining clients in today’s competitive marketplace may depend (at least in part) on how well you differentiate your business. But how do you do that operationally?

One way is to offer value-added services. Another is to help simplify your clients’ financial lives. A third is to expand the financial services you offer.

You can quickly and easily accomplish all three differentiation strategies by delivering our innovative cash management solutions.

RBC Cash Management Account

The RBC Cash Management Account, available only from RBC Clearing & Custody, is designed to help clients achieve their goals related to saving and spending money efficiently and effectively.

RBC recently improved the Cash Management Account online and mobile capabilities your clients can take advantage of today, including:

  • ATM fee waivers and expanded ATM access
  • Access to our improved online money movement capabilities
  • Debit/ATM card controls and security management, such as free two-way fraud text alerts and online/mobile debit card controls
  • Automated bill pay
  • Mobile check deposit
  • Google Pay and Apple Pay‡ mobile wallets

These capabilities are in addition to long-standing cash management features previously available from RBC including a cash sweep offering, up to $5 million in Federal Deposit Insurance Corporation (FDIC) coverage1, no foreign transaction fees, check writing and more.

RBC Insured Deposits program

Our cash sweep solution, RBC Insured Deposits, offers immediate liquidity and up to $5 million in FDIC insurance per deposit or in each insurable ownership capacity.

This program makes it easy for your clients to enjoy the following advantages:

  • Sweep up to $5 million into FDIC-insured interest-bearing accounts1 at different banks—all managed for your clients by RBC
  • Access to a range of prequalified banks to custody your clients’ cash
  • Earn competitive interest rates
  • Maintain immediate cash liquidity for trading opportunities or other needs

Please see our Cash Sweep Program Overview for more information.

1 Please see the RBC Insured Deposits Program Terms and Conditions and Program Banks and Interest Rates for more details.

RBC Insured Deposits (“the Program”) is an automated cash sweep option that sweeps un-invested cash balances in clients’ accounts into interest-bearing deposit accounts with RBC affiliate banks and additional unaffiliated banks (“Program Banks”) up to applicable limits. Availability is subject to certain restrictions. The Program provides up to $5 million in Federal Deposit Insurance Corporation (“FDIC”) insurance coverage per depositor in each insurable ownership capacity (“Deposit Limit”). Each deposit account constitutes a direct obligation of the Program Bank and is not directly or indirectly an obligation of RBC Capital Markets, LLC. More information regarding FDIC insurance is available at http://www.fdic.gov.

RBC Insured Deposits are not subject to market risk and potential value loss, but are subject to the risk of a Program Bank’s failure. In the event a Program Bank fails, deposits at each Program Bank are eligible for FDIC coverage up to applicable limits. Deposit balances in excess of the Deposit Limit will be invested with Excess Banks and are not covered by FDIC insurance. Currently, the Primary Excess Bank is City National Bank (“CNB”), an RBC Affiliate Bank. Monies held in RBC Insured Deposits are not covered by Securities Investor Protection Corporation (“SIPC”). For retirement accounts, balances in excess of the Deposit Limit are invested in an unaffiliated money market fund. Money market mutual fund investments are not insured by the FDIC or any government agency; they are instead covered by SIPC.

Deposit Accounts will earn the interest rate segment determined by the total Program balance in your Account. Interest rates/APY (Annual Percentage Yield) are subject to change without notice.

 All other trademarks are the property of their respective owner(s)

The listed merchant(s) are in no way affiliated with RBC, nor are the listed merchant(s) considered sponsors or co-sponsors of this program

Investment and insurance products offered through RBC Capital Markets, LLC are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.

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