Introduction

Whether you're receiving your paycheck or a personal cheque from a friend, wondering how long it will take to clear is a common question. This understanding matters even more if you're banking with RBC. So how long does it take for a cheque to clear with RBC? The process varies based on the channel you use to deposit the cheque. Hence, we will discuss the three ways you can deposit, including online banking, mobile apps, and calling customer service.

Online Banking

RBC's online platform is a convenient digital banking system designed to suit your banking needs. You can deposit your cheques online via a desktop or a laptop at any time of day without waiting at a bank.

To deposit a cheque through online banking, you need to log into your online banking account. Under the "Account Details" section, select "Deposit a cheque." You need to scan and upload a clear photo of the front and back of the cheque. The platform will then process the deposit, which can take 1-2 business days. However, if you deposit it before 6 PM (EST), the funds should be available the next business day.

Mobile App

In the age of smartphones, RBC's mobile app is a pocket-sized platform providing a comprehensive array of banking services. This includes a handy feature: Mobile Cheque Deposit. This option is not only user-friendly but readily accessible at any moment from anywhere.

To use this function, you need to open the app, select "Deposit" in the quick action bar, and then choose the account where you'd like the funds. Then, take a photo of the front and back of the cheque and enter the amount. After you click "Submit," you will get a confirmation message. The process can take between 1-2 business days. If the cheque is deposited before 6 PM (EST), the funds will usually be available the next business day.

Calling Customer Service

If you are unsure or run into issues with cheque depositing, RBC's customer service is there to guide you. Their representatives are trained to handle these situations and promptly resolve issues.

By calling the customer service number at 1-800-769-2511 and following the prompts, you can report your issue. Keep in mind, though, that they cannot process the cheque clearance over the phone. However, their instructions are valuable and can ensure that it gets done without any further issues.

Conclusion

Cash flow is a crucial aspect of personal and corporate finance, and understanding the process ensures smooth financial planning. So remember, no matter which RBC banking platform you prefer, cheque clearance generally takes one to two business days. However, deposits made after business hours may extend the process by an additional business day. Always plan your transactions accordingly to ensure minimum inconvenience.