Online Banking for Business. Eligible businesses will receive a $ 40,000 government-funded loan to cover short-term operating costs, payroll, and other non-pending costs that are critical to maintaining business continuity. “Data-reactid =” 12 “> TORONTO, 8 April 2020 / CNW / – RBC announced today that the registration process is only online to participate in the Government of Canada Canadian Emergency Business Account (CEBA) will be aired on April 9, 2020 through RBC Online Banking for Business. Eligible businesses will receive a $ 40,000 government-funded loan to cover short-term operating costs, payroll and other non-deferred costs that are critical to maintaining business continuity.
“We understand how important and time sensitive this assistance is for businesses in Canada in order to support their workforce and maintain business continuity,” said Greg Grice, Executive Vice President, Business Financial Services for RBC. “We have created a digital registration process so that we can quickly and smoothly send important funds to eligible businesses through our existing RBC Online Banking for Business channel.”
RBC Online Banking for Business registration page. As part of the registration process, clients will need four things: “data-reactid =” 26 “> To register for CEBA, clients must log in to their RBC Online Banking for Business account because online registration processes for RBC clients will only be available through this platform If the client is not registered for online banking, they can do so by visiting RBC Online Banking for Business registration page. As part of the registration process, clients will need four things:
- Update their email and contact details in their RBC Online Banking for Business profile before starting their registration
- Their RBC business client card number
- T4 2019 summary on Remuneration, statement of payment of their organization. They can also contact the Canadian Revenue Agency to ask them to re-issue their organization’s 2019 statement
- Confirm that the person registering for CEBA has the authority to prove on behalf of the organization and legally binds the organization to the terms of the CEBA loan agreement.
RBC Express clients who are not registered for Online Banking for Business must contact their RBC Account Manager for separate instructions regarding CEBA registration.
Canadian Government website for more information. “data-reactid =” 34 “> Clients who need more information about CEBA and eligibility requirements must visit Canadian Government website for more information.
www.rbc.com/businessrelief. “data-reactid =” 35 “> More information about how RBC supports business in Canada during this time can be found at www.rbc.com/businessrelief.
rbc.com. “Data-reactid =” 36 “>About RBC
Royal Bank of Canada is a global financial institution with an approach driven by principles to deliver superior performance. Our success comes from 85,000+ employees who live our vision, values and strategies so we can help our clients grow and the community prosper. As the largest bank in Canada, and one of the largest in the world based on market capitalization, we have a diverse business model with a focus on innovation and providing exceptional experience to our 17 million clients in Canada, the US and 34 other countries. Learn more at rbc.com.
rbc.com/community-social-impact. “data-reactid =” 37 “> We are proud to support various community initiatives through donations, community investments, and employee voluntary activities. See how in rbc.com/community-social-impact.
SOURCE RBC Royal Bank
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