December 3, 2007

RBC eStatement program passes two million mark

TORONTO, ONT-Two million RBC clients are now receiving their bank statements electronically, signalling a growing trend among RBC's 4.2 million on-line banking clients. The bank says its eStatement program has effectively conserved or avoided the use of approximately 10,500 trees, 36 million litres of water, 4.6 million kilowatts of electricity, 1,246 tonnes of greenhouse gases and 499 tonnes of solid waste per year. "Two million fewer account statements every month adds up to significant environmental and economic savings," said Dave McKay, RBC's executive vice-president for personal financial services, who also cited the system's security and seven-year storage features. RBC began offering on-line statements to personal banking clients in July 2006 has been steadily expanding its range of eStatements. As well, its "Make a Statement with your Statement" campaign has reached nearly 80% of its goal of raising $1 million for Nature Conservancy of Canada's (NCC) wilderness protection and stewardship programs. Through this initiative, RBC is contributing five dollars on behalf of clients who opt for electronic statements for RBC Homeline Plan, Royal Credit Line, RBC Visa cards or personal banking accounts. More information is available on RBC's Web site, www.rbc.com/environment.

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