: RBC uses standardized transaction codes to identify direct debits, credits, or service fees.

: It operates globally under the master brand RBC , providing personal and commercial banking, wealth management, and capital markets services.

In banking, primarily refers to the Royal Bank of Canada , but it can also represent a specific financial metric used for bank regulation. 1. Royal Bank of Canada (RBC)

If you see or a similar variation on a transaction history, it typically indicates a fee or service charge from the Royal Bank of Canada.

RBC is Canada's largest bank by market capitalization and one of the largest in the world.