FOREX CARD

RBC implements new foreign currency limits on credit cards – Loop News Trinidad and Tobago


RBC Royal Bank has implemented changes to the foreign exchange spending limits on personal and business credit cards.

Effective March 1, clients holding RBC personal and/or business credit cards will be able to conduct transactions to a maximum of TTD $100,000 in forex over a rolling 30 day period.

In an advisory to its customers, it explained that in recent months, its credit card portfolio has experienced steady increases in purchases and payments in foreign currencies; regrettably, without corresponding increases in foreign exchange supplies.

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