Pros
Pays employees similar or better than surrounding banks
Cons
Just like the other employee mentioned. This bank has a high turnover. This bank has a difficult time retaining employees due to mismanagement. I’m not sure what is going on, but many employees have left the company just in the past few months. Some leaving weeks after they are being hired. Clearly there’s an issue. As for me, I’m currently looking for another job as this company has become unbearable. I can confirm the recent review, that many employees are upset about this whole bank account issue and many are just waiting for another job to come along. Many don’t want to question it due to fear of losing their job, but forcing employees to have an account at Royal Bank is an invasion of my privacy. The bank can monitor my work email and my internet activity, which I’m OK with, but now they want to monitor my personal spending habits away from work. The bank says no one has access to the employee accounts, but that’s not true. The bank president sent a nasty email saying that we should not leave 1.00 in the account. Clearly, someone is monitoring the accounts.