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RBC Benefits FAQ


About the path to the agreement, and the choice of partners
  1. About the path to the agreement, and the choice of partners

    As an educational standard-setting organization, why is the Royal College. working with a bank? The Royal College’s primary business is, and remains, the setting of standards for post-graduate medical education and lifelong learning, accreditation, examinations and professional development support. We have heard consistently from our Fellows that they are seeking more value for their Fellowship dues, and are looking to the Royal College for additional services and support. The relationship with RBC is an example of our ongoing efforts to provide increased value to our members.

  2. How much funding did the Royal College receive from RBC as part of this agreement?

    The Royal College and RBC have entered into a multiyear relationship which includes funding to the Royal College of just over $2 million. The significant majority of these funds will support educational initiatives including unrestricted educational grants; CPD grant funding to help support COVID-related disruptions in training; and conference sponsorships. The balance will support resident, medical student, and Fellow outreach activities. None of the funding is contingent on members’ participation in an RBC program.

  3. How much influence does RBC have on educational content funded through the agreement?

    For accredited activities funded under the agreement, all CPD accreditation standards will be vigorously maintained. Accredited activities are supported through an unrestricted grant and all content, planning, will be made without RBC involvement. Some activities in the agreement related to business training opportunities are unaccredited and will be offered by RBC directly.

  4. As an existing RBC client, can I take advantage of this Royal College offer?

    If you are already an RBC Private Banking client, talk to your private banker to discuss enrolment and eligibility to have your standard monthly fees rebated. If you are an RBC client but not managed by Private Banking, please use the enrolment form on the RBC website to change your current banking relationship to RBC Private Banking. Enrolment in the RBC Healthcare Advantage Private Banking Plan for Royal College members is optional. Existing RBC clients can learn more about the offering and registration process at rbc.com/royalcollege or speak with their existing RBC advisor.

  5. I’m at existing Private Banking client of RBC but my private banker hasn’t approached me about the agreement with the Royal College. Why is that?

    To respect members’ privacy and busy schedules, the Royal College specifically requested that RBC not engage in any direct outreach to their existing specialist clients. Royal College and RBC will continue to work together to ensure that RBC clients who are eligible for the offer are aware of the details. Your banker may also raise this service with you during a regularly scheduled review of your RBC services.

About the RBC member benefit
  1. In general, what is RBC Private Banking?

    RBC Private Banking is a personalized service where your RBC Private Banking team will take the time to get to know you, your family and your goals. A Private Banking team will then work with you one-on-one, drawing on the full resources of RBC to implement a comprehensive wealth plan for your personal and professional financial affairs and provide convenient banking and sophisticated credit solutions. You can find out more about RBC’s private banking service by visiting RBC’s website.

  2. What do I need to do to maintain eligibility for the RBC Private Banking services?

    The RBC Healthcare Advantage Private Banking Plan offer is available to Royal College Fellows and Resident Affiliates who maintain an active membership with the Royal College and meet certain conditions. For full details on eligibility requirements and conditions, visit rbc.com/royalcollege

  3. What does the sign-up process for RBC Private Banking services entail?

    To sign up for the RBC Healthcare Advantage Private Banking Plan, please submit a registration form available on the RBC website. A Private Banker will contact you to set up a meeting to learn more about you and your family to understand your financial needs. Meetings can be virtual using WebEx. RBC can also verify your identification and sign most documents electronically. Some additional documents may be requested including a personal statement of affairs, a copy of your tax returns or proof of income statements.

  4. Who is eligible for the Private Banking service offering?

    The RBC Healthcare Advantage Private Banking Plan offer is for:

    • Royal College Fellows (Active or Retired) and Resident Affiliates (status to be confirmed by the RBC Private Banker)
    • Canadian residents. Exceptions can be considered however you would need to contact RBC Private Banking to discuss your situation.
    • Family members within your household (additional fees may be required)
  5. How long can I have the benefit?

    Should you accept the exclusive RBC Private Banking Offer for Royal College Fellows and Resident Affiliates by obtaining the required RBC products and services and meeting the applicable criteria, in order to continue to benefit from this offer thereafter you must continue to be a Fellow or Resident Affiliate of the Royal College and meet the RBC Private Banking minimum product holding requirements of this offer. For complete details and defined terms, please refer to the full Terms & Conditions of this offer, available online here.

Privacy
  1. Who verifies with RBC that I am an active member? How do I get a copy of my proof of membership?

    In order to preserve your privacy, your RBC Private Banking advisor will confirm your active Royal College status on a recurring (approximately biennial) basis. Your continued eligibility as a Fellow or Resident Affiliate will be confirmed through a request for your Royal College digital ID Card. Your ID Card can be downloaded from the Royal College website.

  2. Can I opt-out of receiving communications from RBC or the RC about this partnership agreement?

    If you would prefer not to receive e-mails about the RBC services, you can opt out by clicking on the unsubscribe link contained in e-mail messages about RBC. Note that if messages are included in Royal College corporate communications such as Dialogue or CEO’s messages, the unsubscribe link will remove you from that corporate communication. To discuss opt-out options, you can speak to a Royal College Services Centre representative at 1-800-461-9598 (Mon-Fri, 8 AM – 5 PM ET)