Royal Bank To Help Clients Impacted By COVID-19

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RBC Royal Bank announced plans to provide financial relief to its Caribbean clients impacted by the ongoing novel coronavirus (COVID-19) global pandemic.

Effective immediately, most RBC Personal banking clients in the Caribbean will benefit from an automatic three-month payment deferral on credit facilities. Business and Corporate banking clients are also eligible for the relief program, following individual eligibility assessments with an RBC representative. Automatic payment deferrals will be applied as of March 17, 2020 and remain in effect until June 30, 2020, or until further advised.

To be eligible for the program, Personal banking or Business and Corporate banking client accounts must be current and in good standing as of March 2, 2020. Clients who are already participating in RBC relief programs for other circumstances are excluded from this program.

The relief program is intended to provide flexible solutions and help clients manage through the impacts of COVID-19, such as pay disruption; childcare disruption due to school closures; or dealing with the COVID-19 illness itself.

These measures are an important first step and underscore the resilience of the financial system and the critical role banks play in the economy. RBC will continue to monitor COVID-19 and the evolving economic conditions in each country and territory where the bank operates. RBC may consider other relief measures, if necessary.

RBC has a long history of standing by Caribbean clients through challenging times and this commitment will continue throughout this crisis and beyond.

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11 COMMENTS

  1. Well done!!! Hopefully the other banks and financial institutions will follow this amazing example. But I won’t hold my breath.

  2. This wicked, heartless, selfish evil bank will NEVER get one red cent from me. I wouldn’t even want to shelter from the rain inside their building. Once I read the story of how they tried to ravage Mr. Nedwell, I know they are some dark evil people at this bank. Not to mention their exorbitant rates and channelling all that money back to the colonial masters. Like Julius Caesar, me wash me hand from Royal Bank. Ashes to ashes. Dust to dust. The spawn of avarice and evil.

    • RBC won the case against Nedwell at the appellate level. Google ANUHCVAP2017/000 and try and understand the issues involved. Don’t know banks to freeze sums on persons accounts unless they have reason to suspect some wrong doing

      • And black people are still migrating to Canada like it is the best thing to heaven. Opportunities that the black leaders in their country preventing.

  3. Is this a way of the bank giving back to its customers for the $25.00 they were charging monthly toward those clients who has a saving account at the bank??

  4. Think is time the government come out and make an across the board ruling on this matter concerning the banks. Everyone will be impacted one way or the other by this virus.

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