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Royal Bank of Canada (RBC) is a Canadian multinational banking and financial services company headquartered in Toronto. One of the Big Five banks in Canada, it is the largest bank in the country by market capitalization. RBC has 80,000 employees worldwide and serves over 16 million clients globally. It is one of Canada's oldest banks, having been founded in 1864. The bank provides personal and commercial banking, wealth management, insurance, investor services, and capital markets products and services on a global basis. RBC has operations in Canada, the United States, Europe, Asia, the Caribbean, and South America. Royal Bank of Canada is a Public company that trades on the Toronto Stock Exchange under the symbolRY. The charge you are seeing on your statement is most likely for RBC's foreign currency converter service which allows you to make transactions in over 20 different currencies. If you have any further questions about this charge, we recommend contacting RBC directly.