Help - Can RBC Bank (US) come after me for $25K US debts?!

JamieSneider wrote: ↑ Can you share any cases or links? I would be grateful!

JamieSneider wrote: ↑ I live in the GTA and lost my restaurant business due to COVID-19. I am close to being wiped out -- selling my condo and car.

I and have tons of debt - mainly in a LOC at RBC Canada (42k CAD out of a 50k limit) and at RBC Bank USA (25K USD). I stopped paying the US debt as I am hoping that won't ruin my credit history. I can't afford to repay it.

I am still paying the RBC Cdn LOC but the have put a limit now on my LOC and two credit cards (I guess to make sure I don't get into further debt). RBC US keeps calling me from 8:00am until 8:00pm.

I was given the US-based credit card as I had good credit two years ago and unfortunately it has been maxed out now. I have no social security number or any credit history at all in the US. This is the page that discusses the program: https://www.rbcbank.com/cross-border/us ... creditcard

I want to know what will be the impact to me in practical terms? Can RBC Canada come after for debts held by RBC US? Can they take me to court in Canada? Can they transfer the debt to my Canadian credit cards or somehow have it show up in Canada? Can they tarnish my Cdn credit history? I am so stressed.

DeletedMemories wrote: ↑ no idea but you may wish to consider moving any funds you have in your RBC accounts. You can always worry about paying back instead of trying to get money back.

RubiconX wrote: ↑ A somewhat related question for everybody in this thread, can a person be denied entry into the U.S. if that someone owes say $50,000 U.S. to a bank or a business and has been reported to a credit bureau? Does this affect U.S. visas in the future?

I ask because I know someone who was denied Canadian permanent residence because he owed $14,000 in an at-fault traffic accident and was eventually deported because of it.

RubiconX wrote: ↑ A somewhat related question for everybody in this thread, can a person be denied entry into the U.S. if that someone owes say $50,000 U.S. to a bank or a business and has been reported to a credit bureau? Does this affect U.S. visas in the future?

I ask because I know someone who was denied Canadian permanent residence because he owed $14,000 in an at-fault traffic accident and was eventually deported because of it.

RubiconX wrote: ↑ A somewhat related question for everybody in this thread, can a person be denied entry into the U.S. if that someone owes say $50,000 U.S. to a bank or a business and has been reported to a credit bureau? Does this affect U.S. visas in the future?

I ask because I know someone who was denied Canadian permanent residence because he owed $14,000 in an at-fault traffic accident and was eventually deported because of it.

JamieSneider wrote: ↑ @User455957 Do you feel better now? Get it all out of your system. Go and find some happiness in your life rather than being a troll.

JamieSneider wrote: ↑ @ProductGuy Can you tell me your experience or information? How do they do it - do they file a claim in a Canadian court or US court?

ProductGuy wrote: ↑ RBC Canada owns the RBC USA. I am sure you are considered a client of both. You couldn’t have opened the US accounts anyway without being an RBC Canada client. Find your client agreement for the US accounts, I am sure it says RBC USA is a subsidiary of RBC Canada.

Do you think the bank would not be smart enough to protect itself against this scenario? Everybody will be just walking way from their debt with RBC USA anyway. RBC USA is solely created for serving Canadians who need banking in the US but still reside in Canada.

JamieSneider wrote: ↑ RBC US serves many more people than Canadians and many of their clients are Americans. They took over some local banks to create a new joint enterprise. It was formed in the US under US laws.

RBC Bank (Georgia), N.A. (“RBC Bank”) is a U.S. national banking association supervised by the U.S. Office of the Comptroller of the Currency. RBC Bank is a trade name used by RBC Bank (Georgia), N.A. Our main office is located in Atlanta, Georgia, while our operations are headquartered in Raleigh, North Carolina. We provide banking services in all 50 U.S. states to Canadian cross-border and RBC Wealth Management clients. Our deposit accounts are insured by the Federal Deposit Insurance Corporation (FDIC) to the maximum amount provided by law, and we are an Equal Housing Lender. Securities, insurance and other services described on this site, or to which you may link from this site, may be provided by affiliates of RBC Bank or by third parties.


If the debt is American debt, held by an American bank registered in Georgia, how does that impact when the borrower is out of country? Is debt from one country transferable to another? This is not a US dollar account held at a Canadian bank. These are the things that I am trying to figure out. I was hoping someone would have experience with this type of matter. As otherwise we all have varying opinions and possible views.