Wire transfers with Simplii Financial: Your complete guide
Need to send secure transfers? We'll look at how to do this with Simplii, along with an alternative that makes this process a lot easier
How to order Euros from RBC : Your complete guide
Having euros ready before flying from Canada is incredibly advantageous. It saves you from long airport exchange lines with poor rates, helps you avoid high credit card transaction fees, and offers peace of mind, especially when landing late, in unfamiliar zones, or in areas with limited exchange options.
In this article, we’ll break down ordering euros from the Royal Bank of Canada (RBC), the exchange rate offered, and how long delivery takes. We’ll also consider Wise for conversions in over 40 currencies at the mid-market exchange rate, for hassle-free transactions. Let’s go! 💶
Click here to get your free Wise multi currency account
| We'll take a closer look at: |
|---|
How to order euros in cash at the Royal Bank of Canada
These are the steps involved in ordering foreign currency, including euros, at RBC!1
- Log into your RBC Online Banking
- Navigate to the foreign exchange section
- Once logged in, from the account summary page, navigate to the Account Services on the right side under account management.
- Click purchase foreign cash
- Choose the currency and amount
- Select euros from the list of currencies, then select how much cash you want to order.
- Review the details and confirm your order
- Pick up your currency or have it delivered, depending on your branch’s availability
What exchange rate does RBC use for ordering euros in cash?
RBC states that its exchange rates are competitive, but the specific rate isn’t disclosed upfront. Instead, you’ll have to initiate the purchase process before seeing the rate that will apply to your foreign currency transaction.1
According to RBC’s foreign exchange rate page, they use the most current market rates, but rates fluctuate regularly. For an exact figure, you would need to proceed through the order process.
Convert your money on the go at the mid-market rate with Wise
Wise offers an alternative for money conversion at the mid-market exchange rate—free from hidden markups—and can hold and convert more than 40 currencies, including euros.
The mid-market exchange rate is the rate banks and large financial institutions use to trade currencies among themselves. Also referred to as a "real" exchange rate, it’s free from markups or hidden fees, helping you keep your hard-earned cash.
Wise is transparent, charging minimal fees that start at just 0.48%*, making it an affordable option for converting currency.
Another standout feature is the free Wise card, which simplifies travel finances by allowing cash withdrawals at ATMs and payments wherever Mastercard is accepted—without high transaction fees.
How to convert money with Wise
Converting money with Wiseis easy and can be done directly from your Wise account. Here’s how:
- Register for a free Wise Account through the website or mobile app.
- Add money to your account. To do this, link your bank account to add money. You can deposit in CAD, or whatever currency you prefer.
- Then, select euros, or whatever currency you wish to convert to.
- Review and confirm the conversion rate. The mid-market exchange rate and conversion fee will be provided and once satisfied, confirm the transaction.
Following confirmation, the money will be converted within a few seconds and available in your Wise account. You can either hold it in your account or spend it using your Wise card.
Please note that Wise has daily conversion limits on conversion frequency between balances. Personal users are permitted to make up to 15 conversions within 24 hours, while business users have up to 75 conversions in the same time limit.
How long does it take to get euros in cash from RBC?
Depending on your chosen branch, it typically takes 3 to 10 business days for the cash to arrive—though many customers receive it within 3 business days.2
Does RBC have limits on ordering foreign currency in cash?
RBC imposes daily ordering limits: personal customers can order up to 2,500 CAD within 24 hours, and RBC Business Banking customers up to 5,000 CAD in the same period.2
Conclusion
When preparing for a trip to Europe, there are several ways to ensure you have the euros you need. While you can order euros at RBC, keep in mind that the exchange rate isn't revealed until you're deep into the purchase process. Alternatively, Wise offers a flexible and cost-effective way to convert your money at the mid-market exchange rate, with minimal fees and no hidden charges. Learn more about the versatility of Wise here! Happy travels!
Sources:
Sources verified on 21 February 2025
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
Money without borders
Find out more
Your complete guide to wire transfers with TD Bank
Wondering if TD Bank's wire transfers are your best option? Read on to find out more
A closer look at the Royal Bank of Canada's wire transfer fees
Read on to understand how much you'd pay for a wire transfer at the Royal Bank of Canada. We'll also introduce you to Wise as an alternative
Your complete guide to Manulife wire transfers in Canada
Read on to see if Manulife would be the best way for you to send wire transfers in Canada. We'll also look at Wise as a great alternative
Can non-residents and tourists use Revolut in Canada? : A closer look
Read on to discover fees, exchange rates and an alternative to Revolut that you can use almost anywhere in the world, when you visit Canada!
How to order foreign currency from RBC : Your complete guide
Read on to understand if ordering foreign currency at RBC works for you. We'll also introduce you to a handy alternative called Wise for currency exchange
