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BANK PROFILE · Jersey

RBC Bank (Channel Islands)

Royal Bank of Canada (Channel Islands) Limited

RBC's Channel Islands bank serves international wealth-management clients from Jersey. It is unusually blunt about the size of relationship it wants: the bank states a minimum balance of GBP 250,000 across all RBC accounts, so this is an entry condition rather than a fee to be avoided. Its everyday charges are modest by private-banking standards, but the 3% added to any card transaction needing a currency conversion is not.

Jurisdiction
Jersey
Regulator
JFSC
Founded
1961
Headquarters
St Helier

01 · AT A GLANCE

Channel Islands wealth management, part of Royal Bank of Canada

  • Minimum balance of GBP 250,000 across all RBC accounts
  • Charges are published in GBP, USD, EUR and CAD
  • Deposits are covered by the Jersey scheme up to GBP 50,000; investment services have no compensation scheme
Minimum deposit

From GBP 250,000The lowest documented entry amount among the bank's account and mandate products: Wealth management account. Other products may require more.

Client segments

Wealth management, Private banking

Service languages

English

02 · ACCOUNTS AND PRODUCTS

Documented accounts and products.

Current account

Wealth management account

Multi-currency banking within a wealth relationship, in sterling, US dollars, euros and Canadian dollars, with a Visa Gold debit card and the RBC Hub online and mobile service. The bank states a minimum balance of GBP 250,000 across all RBC accounts.

Entry from
GBP 250,000
Segment
Wealth management
Currencies
CAD · EUR · GBP · USD

Minimum balance: GBP 250,000

Advisory mandate

Offshore Advisory Service

Investment recommendations from the Channel Islands bank, with the client deciding whether to proceed.

Segment
Private banking
Discretionary mandate

Discretionary Investment Management Service

Investment management in which the Channel Islands bank makes decisions within the agreed mandate and investment objectives.

Segment
Private banking
Execution only

Execution-only dealing

Dealing in trade-execution investments on an execution-only basis, without advice from the Channel Islands bank.

Segment
Private banking

03 · WHAT IT COSTS

Published pricing.

ChargeAmountWhen it applies
Debit card transaction requiring currency conversionForeign exchange
  • 3% per transaction
Added to all debit card transactions that require a currency conversion. A transaction in the card's own currency is free. Foreign exchange transactions arranged through the bank are priced separately, on a margin that varies with size and is quoted by the relationship manager rather than published.General banking charges
Foreign currency paymentOutgoing payments
  • CAD 60 per transaction
  • EUR 40 per transaction
  • GBP 30 per transaction
  • USD 40 per transaction
Sending sterling within the UK payment area is free through the online and mobile service and GBP 30 through a relationship manager; sending sterling outside it is GBP 30. Incoming transfers are free. Third-party correspondent bank charges may apply on top.General banking charges
Returned mailStatements and documents
  • CAD 130 per quarter
  • EUR 95 per quarter
  • GBP 70 per quarter
  • USD 95 per quarter
Charged from the date mail is first returned from the client's last known address, and every quarter after that until a valid new address is provided.General banking charges
Audit letter, bank reference or interest certificateStatements and documents
  • CAD 90 per item
  • EUR 65 per item
  • GBP 50 per item
  • USD 65 per item
Audit letters are charged per account and bank references per client. Regular statements, and interest certificates for the current tax or calendar year, are free — as are duplicate statements taken through the online and mobile service, which cost this amount through a relationship manager.General banking charges
Couriered mailStatements and documents
  • CAD 90 per item
  • EUR 65 per item
  • GBP 50 per item
  • USD 65 per item
Registered mail costs GBP 20 / USD 25 / EUR 25 / CAD 40.General banking charges
Fixed term deposit breakage feeOther
  • CAD 450
  • EUR 350
  • GBP 250
  • USD 350
Charged on early withdrawal from a fixed term deposit, plus an interest penalty where one applies.General banking charges
Investigations and bespoke client requestsOther
  • CAD 270 per item
  • EUR 200 per item
  • GBP 150 per item
  • USD 200 per item
Charged per half hour.General banking charges

Figures are shown in the currency the bank publishes them in and are not converted. This is not a complete tariff — always read the full source document.

04 · SERVICES

What the bank offers.

“Not disclosed” means the bank does not state this publicly — it is not a statement that the service is unavailable.

Investment

  • Discretionary portfolio managementOffered
  • Investment advisoryOffered
  • Execution-only tradingOffered
  • Custody and safekeepingOffered
  • Private markets accessNot disclosed

Banking

  • Multi-currency accountsOffered
  • Payment cards
    • Visa debit card
    Offered
  • Foreign exchangeOffered

Lending

  • Lombard lendingNot disclosed
  • Mortgages and property financeNot disclosed

Planning

  • Wealth and estate planningNot disclosed

Structuring

  • Trust and foundation servicesNot disclosed

Digital

  • Online bankingOffered
  • Mobile appOffered

Card network and platform names are trademarks of their owners. They are shown to record what the bank publishes about its own products, and do not indicate any partnership, endorsement, or affiliation.

05 · SOURCES

Where these figures come from.

Only documents published or supplied by the bank are used. Nothing here is taken from brokers or comparison sites.

Next scheduled review: 31 August 2027. Bank tariffs change frequently — several institutions in this directory revised theirs twice during 2026.

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