First for Canadian Cross-Border Shoppers

RBC clients can now use their debit cards to access their primary Canadian chequing account for purchases at over a million retailers in the U.S. This new service is a result of an alliance between Acxsys Corporation, the architects of the Interac national PIN debit network in Canada, and NYCE Corporation, one of the largest debit networks in the United States. Debit receipts will show purchase amounts in American dollars, and the amount debited to the account will be in Canadian dollars. U.S. purchases are converted to Canadian dollars at an exchange rate 2.5 per cent over the interbank spot rate as defined by Acxsys Corporation in effect at the time of processing. RBC clients heading to the U.S. this weekend should look for the NYCE network brand at point of sale terminals. A list of retailers on the NYCE network can be found at www.nyce.net/consumers/retailer_list.html.