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Bank Launches Remote Deposit Service; Enables Customers to Deposit Checks at Work

RALEIGH, N.C., Oct. 31, 2007 - RBC Centura business customers now can make deposits without leaving their place of business. The bank launched Remote Deposit on October 16, and it is a service enabling customers to transmit deposits in the safe and secure environment of their own workplace, eliminating the need to travel to a banking center. Because the service is completely Web-based, customers only need a desktop scanner to take advantage of Remote Deposit.

"The Federal Reserve has called remote deposit 'the most important development the U.S. banking industry has seen in years,' and at RBC Centura, we agree," said Jason Carr, RBC Centura director of Product Management and Development. "RBC Centura is committed to being the bank of choice for businesses, business owners and professionals, and Remote Deposit is one way that we can help our business customers operate more efficiently."

In addition to the convenience of depositing checks from the workplace, Remote Deposit extends the banking day permitting deposits to be made at a time convenient to customers. Instead of rushing to a banking center to make a deposit deadline of 2 p.m., customers may make deposits up to 6 p.m. EST for same-day credit.

Remote Deposit will allow customers to spend less time on banking and more time focused on their business. Remote Deposit will be most beneficial for businesses that are not located close to an RBC Centura banking center, or that rely on courier services to deposit checks or make multiple deposits each day. Additionally, eligible checks may be converted to ACH at their option.

Customers who are interested in Remote Deposit should contact their Treasury Management sales officer.

About RBC Centura Bank

RBC Centura, headquartered in Raleigh, N.C., offers a wide range of financial services and advice, including a complete line of banking, and mortgage services to individuals, businesses and public institutions throughout the Southeast. RBC Centura's multi-faceted customer access network includes more than 340 full-service banking centers, an extensive ATM network, and telephone and Internet banking. In addition, RBC Centura offers builder finance products through its RBC Builder Finance division. According to SNL Financial, RBC Centura is the 45th largest U.S. bank based on assets as of August 2007. RBC Centura Banks Inc. is a wholly-owned subsidiary of Royal Bank of Canada (RBC) (NYSE, TSX: RY), Canada's largest bank as measured by assets and one of the world's financial, social and environmental corporate leaders for the past eight years as on the Dow Jones Sustainability World Index.