RBC makes ‘Break up the Tab’ simple with its new Break up with Associates characteristic

Out there within the RBC cellular app, new functionality helps Canadians streamline the expertise of managing and settling group bills

Toronto, 7 March 2022 /CNW/ – RBC launches right now cut up with associates, a brand new functionality that enables RBC clients to simply manage and handle their group bills. First for the Financial institution of Canada, cut up with associates RBC is on the market by way of the cellular app and permits clients to separate the price of expenditure amongst a number of contacts, request cash and monitor the payer.

The pandemic has modified how Canadians transfer cash, and extra Canadians are selecting to handle their funds by way of their cellular units. since January 2020RBC has seen a 23% enhance in lively cellular customers and now has 87% of its subscribers1 digitally activated. The month-to-month quantity of e-transfers despatched by RBC clients has elevated by an unprecedented 74% for the reason that begin of the pandemic.

“Over the previous two years, now we have seen a speedy enhance in clients sending and requesting cash by way of our RBC cellular app,” mentioned Peter Tilton, Senior Vice President, Digital, RBC. model of ” cut up with associates “Cellular fee is an thrilling addition to our rising checklist of options because it offers our clients with a quick, handy and safe solution to handle group bills, lowering a standard level of friction.”

Now, RBC shoppers can use cut up with associates In RBC Cellular App with three simple steps:

  1. Enter the quantity to be divided;
  2. Choose payers; And,
  3. ship request.

“We’re excited to supply cut up with associatesA brand new digital innovation and newest advantages have been added to RBC Vantage, our complete each day banking providing.” Sean Amato-Gousi, EVP, Card, Cost & Banking, RBC. “We have all skilled the trouble of splitting payments and sharing bills on issues like group journeys and meals. That is one other nice instance of the highly effective advantages clients can get at a financial institution with RBC.”

As a result of this functionality is constructed throughout the RBC cellular app, clients profit from RBC’s industry-leading digital safety instruments reminiscent of 2-Step Verification, two-way fraud alerts and fraud monitoring. RBC Digital Banking Safety Assure,

cut up with associates RBC Launch was developed with suggestions acquired by way of RBC’s Beta Innovation App which offers clients with the chance to check out new digital capabilities and modern options within the RBC Cellular App previous to its launch. It’s certainly one of some ways through which RBC continues to construct dependable, linked and personalised digital experiences that Canadians will use and worth.

This new digital functionality displays RBC’s continued dedication to including worth and creating peace of thoughts for our clients as they handle their funds digitally.

For extra data, go to rbc.com or obtain the RBC cellular app.

RBC. about
Royal Financial institution Of Canada is a worldwide monetary establishment with a purpose-driven, principles-led strategy to supply modern efficiency. Our success comes from 88,000+ staff who leverage their creativeness and perception to carry our imaginative and prescient, values ​​and technique to life in order that we can assist our clients thrive and communities prosper. as Canadian The biggest financial institution, and one of many largest on this planet by market capitalization, now we have a various enterprise mannequin that focuses on innovation and delivers distinctive experiences to our 17 million clients. Canada, America and 27 different nations. Be taught extra on rbc.com,

We’re proud to assist a variety of neighborhood initiatives by way of donations, neighborhood investments and worker volunteer actions. see how rbc.com/community-social-impact,


1 Refers to lively financial institution clients who’re outlined as interacting with somebody Out of six channels (On-line Banking, Cellular Banking, Interactive Voice Response, Recommendation Centre, Department, ATM) of RBC in a interval of 90 days.

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For extra data: Rob Merck, Company Communications, Digital, [email protected]RBC

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