Personal Finance

paying bills using RBC online banking

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  • Nov 1st, 2010 2:55 pm
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Member
Jan 24, 2007
322 posts
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paying bills using RBC online banking

Just a quick question - especially for those of you that use RBC

When I go into "Pay bills and transfer funds" I have the option of selecting Checking/Savings/Visa/LOC to pay any of my payees.

If I choose pay from VISA to Utility Co. , will it be treated as a cash advance or will it get processed like a normal visa purchase?

Thanks!

TigerH
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Aug 6, 2004
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tiger_handheld wrote: Just a quick question - especially for those of you that use RBC

When I go into "Pay bills and transfer funds" I have the option of selecting Checking/Savings/Visa/LOC to pay any of my payees.

If I choose pay from VISA to Utility Co. , will it be treated as a cash advance or will it get processed like a normal visa purchase?

Thanks!

TigerH

Cash Advance
Jr. Member
Aug 13, 2007
198 posts
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Montreal
tiger_handheld wrote: Just a quick question - especially for those of you that use RBC

When I go into "Pay bills and transfer funds" I have the option of selecting Checking/Savings/Visa/LOC to pay any of my payees.

If I choose pay from VISA to Utility Co. , will it be treated as a cash advance or will it get processed like a normal visa purchase?

Thanks!

TigerH

Cash advance for sure, it's even written in the fine print of that page if I remember correctly.
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Sep 26, 2007
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as the other posters have said, cash adv... i believe they charge a 2.50 fee.
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Oct 9, 2005
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When you click "next", on the confirmation page you will see:

[QUOTE]Please note that payments to a third party from your RBC Royal Bank Visa account are treated as cash advances (up to your available credit and daily limits) and are subject to the standard annual interest rate applicable to your Visa account, from the day the cash advance is posted until the balance is paid in full. A $3.50 cash advance fee/transaction applies and will be charged to your Visa Account.[/QUOTE]
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Dec 5, 2006
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Aero wrote: Cash Advance

It is considered as cash advance because it is an utility bill or not? I pay rogers bill by CC and didn't have cash advance charge.thanks
Member
Sep 4, 2010
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smartie wrote: It is considered as cash advance because it is an utility bill or not? I pay rogers bill by CC and didn't have cash advance charge.thanks

Yea, that's exactly what I was thinking. If you pay the bill on site by credit card, it's not a cash advance, so why should it be here? You're not directly getting cash out of it, nor are you paying off another credit card with that.

Either way, if you're unsure, or would like a clarification on policy, it won't hurt to call RBC Customer Service / go to a branch just to ask. Since it's nothing personal, the person at the info desk would be able to help you even.
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ryguy2008 wrote: Yea, that's exactly what I was thinking. If you pay the bill on site by credit card, it's not a cash advance, so why should it be here? You're not directly getting cash out of it, nor are you paying off another credit card with that.

Either way, if you're unsure, or would like a clarification on policy, it won't hurt to call RBC Customer Service / go to a branch just to ask. Since it's nothing personal, the person at the info desk would be able to help you even.

yea it's sort of stupid but it's how they set it up.
if you go to your account and select your cc as your "from" then you are telling it to take out money directly and put it somewhere else.

to avoid this you would need to setup a pre-authorize agreement with the seller so they can charge your cc.
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Aug 6, 2004
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I think it is considered cash advance since you are transferring money instead of paying it, who knows. :o . What you can do is you can "pay" them at their website or call them up to give your cc to pay they via phone. Some might not allow this though. :confused:

You don't need to do pre-authorized since some people think its a bad idea. If there's a billing problem they will and can overcharge you. You can refuse payments until they fix the overcharge and it is harder to get payments back. :mad:
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Jun 14, 2003
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Many utility companies (as OP's payee) such as hydro, gas, water, do not take credit card. Even if they take credit card, they charge an extra service charge.
Cable (e.g. Rogers, Shaw) and telephone (e.g. Bell) do take credit card without extra fee.
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May 31, 2003
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It's cash advance because whenever you pay at the supplier's website (Rogers, Enbridge, etc...) it's their credit card payment processing system taking the money.

When you pay via online banking, it's not RBC taking your money so they aren't using a payment processor. They're converting the cash from your VISA to your account, and then transferring that money out to the destination as a bill payment.

It makes complete sense why it's considered a cash advance.
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Oct 27, 2007
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So just to clarify. I won't be ding'd if I use my CC to pay the Roger's bill?
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Sep 4, 2010
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If you go to Rogers website, and login to your account, and pay your bill there, no.

If you setup Rogers as a Payee in web banking, and you pay your bill from your credit card, yes.
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samm wrote: So just to clarify. I won't be ding'd if I use my CC to pay the Roger's bill?

Yes or No, see ryguy2008's reply and to add. Pre-authorized payment isn't considered cash advance as well (won't get you ding'd).
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ryguy2008 wrote: If you go to Rogers website, and login to your account, and pay your bill there, no.

If you setup Rogers as a Payee in web banking, and you pay your bill from your credit card, yes.
Aero wrote: Yes or No, see ryguy2008's reply and to add. Pre-authorized payment isn't considered cash advance as well (won't get you ding'd).

Thanks!
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Jun 3, 2005
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PunkeyDoodles Corner…
ryguy2008 wrote: Yea, that's exactly what I was thinking. If you pay the bill on site by credit card, it's not a cash advance, so why should it be here?....
Totally agreed, until I read Chrispy's explanation.
Chrispy wrote: It's cash advance because whenever you pay at the supplier's website (Rogers, Enbridge, etc...) it's their credit card payment processing system taking the money.

When you pay via online banking, it's not RBC taking your money so they aren't using a payment processor. They're converting the cash from your VISA to your account, and then transferring that money out to the destination as a bill payment.

It makes complete sense why it's considered a cash advance.

Thanked!
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Aero wrote: Yes or No, see ryguy2008's reply and to add. Pre-authorized payment isn't considered cash advance as well (won't get you ding'd).

I realized though this statement is somewhat misleading. If you setup a pre-authorized payment plan drectly with Rogers, then it's not a cash advance. However, if you setup a pre-authorized payment in web banking to go on the xth of every month, then that s a cash advance.

ryguy2008
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Jan 19, 2006
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ryguy2008 wrote: I realized though this statement is somewhat misleading. If you setup a pre-authorized payment plan drectly with Rogers, then it's not a cash advance. However, if you setup a pre-authorized payment in web banking to go on the xth of every month, then that s a cash advance.

ryguy2008

Yeah, you have to be careful of the wording. That may be called a scheduled payment or scheduled transfer, but it is not pre-authorized.

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