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The role of cash in your wealth plan

Strategic solutions available

Consider the important role cash plays in your current and future life. Effectively managing cash is vital to meeting your financial goals.

You may be saving for a large purchase. You may have cash on hand to protect against unforeseen events, such as an unexpected home repair or a job loss. Cash also plays a role in your investment portfolio. Your portfolio allocation to cash and cash-like products typically changes over time - depending on your risk tolerance, investment time horizon and whether you are near retirement or already retired.

Here are three key reasons to discuss your current and future cash needs with me as your financial advisor:

1. Cash management

What are your current household expenses? If you’re retired or depend on your portfolio for a portion of your income, using cash management solutions can offer efficient access to your cash and help smooth out your income stream.

2. Liquidity

Holding sufficient cash may help you prepare for the unexpected such as a major repair, a medical emergency or perhaps a job or business loss. In addition, if you’re retired or depend on portfolio income, many financial professionals recommend having six months to two years of spending needs allocated to cash, which may help protect against market volatility or being forced to sell investments at an inopportune time.

3. Flexibility

Allocating a portion of your portfolio to cash gives you the liquidity necessary to move quickly when an investment or business opportunity presents itself. RBC Wealth Management offers several cash management services to help you enjoy the benefits of your wealth when and how you need it.

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Managing your cash is an important element in reaching your financial goals. With RBC Wealth Management you can choose from a broad range of financial services. Contact us today to learn more.

RBC Cash Services

Digital. Secure. Convenient.

Choose how your money is protected or grows

RBC Insured Deposits1 offers an industry leading amount of FDIC coverage with up to $5 million per client or 20 times the normal amount of FDIC insurance achieved at a bank.

Please see "Program Banks" under RBC Insured Deposits on our public website at

RBC Cash Plus2 offers a higher yielding cash sweep alternative, backed by the stability of Royal Bank of Canada (RBC).


Easily access your cash from anywhere

  • Visa Platinum Debit Card
  • Unlimited check writing
  • Monthly and annual account statements
  • RBC Bill Pay
  • Mobile Wallets
    • Apple Pay
    • Google Pay


Save money with our reduced costs for transactions

  • ATM fee waivers
  • No foreign transaction fees
  • Expanded ATM network offering clients surcharge 
  • Free access to the following ATM networks:
    • MoneyPass
    • AllPoint
    • PNC Bank


Save time and effort with our digital self-service tools

  • Mobile check deposit
    • Premier members; daily mobile deposit limit $200,000 and monthly mobile deposit limit $500,000
    • Non-premier members: daily mobile deposit limit $100,000 and monthly mobile deposit limit $250,000
  • Debit card management
    • Real-time two-way fraud text alerts; clients will receive a free SMS text message to verify debit card transactions
    • Reset PIN online
    • Turn card on/off
    • Report a card lost/stolen
  • Online transfers
  • Real-time ACH

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