Overdraft protection allows you to extend your cash resources when you need it. We know the many challenges facing your business that's why we offer increased protection for your peace of mind.
How can this help my business?
Provides overdraft protection up to $5,000 for greater control over your day-to-day cash flow
Cheques will be honored if you're overdrawn, provided you're within your overdraft limit
Accessible through your Business Client Card, allowing you to pay bills, make purchases and obtain cash advances anytime, anywhere
Access these funds anywhere, and at anytime, through ABMs, Online and Telephone Banking, and through your Client Card at branches or through Interac
What else do I need to know?
No set-up fee if you apply online, via fax, telephone, or mail (otherwise a low set-up fee of $25)
Interest is calculated at RBC Royal Bank Prime rate plus 5%
A low monthly fee of $10 or $5 per cheque
Overdraft interest must be paid monthly
To Apply:
Download and complete the Application Form (PDF format) and fax to 1-888-348-3146, call 1-800-769-2520 , or speak to one of our RBC Account Managers at your nearest Business Banking Center
