RBC lets online investors pay trade commissions with reward points

The Royal Bank of Canada (RBC) has begun letting online investors pay their trade commissions with their credit card reward points.

  1 Be the first to comment

RBC lets online investors pay trade commissions with reward points

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The bank's direct investing customers can now use RBC Rewards to pay commissions for online stock, ETF and options trades placed on Canadian and US exchanges.

In addition, clients can convert their points online into cash for deposits or contributions to eligible RBC Direct Investing personal accounts.

Rosalyn Kent, president and CEO, RBC Direct Investing, says: "Adding this option brings further simplicity, convenience and choice to our clients."

Sponsored [Webinar] Entering the OTD era: Why Originate-To-Distribute Models are key to Portfolio Diversification

Related Company

Channels

Keywords

Comments: (0)

[Webinar] PaaS, Cloud and Instant Payments in the Spotlight: Overcoming Outsourcing ChallengesFinextra Promoted[On-Demand Webinar] PaaS, Cloud and Instant Payments in the Spotlight: Overcoming Outsourcing Challenges