Thanks for choosing RBC Royal Bank! We’re looking forward to helping you open your new business account. Follow these 3 easy steps to ensure you have everything you need to open your account:

1) Explore your account options:

Get a customized account recommendation based on the type of business you would like to start or currently operate. Our online Business Account Selector Tool can help you choose the best account for your needs.

2) Choose your business structure and representatives:

If you haven’t already done so, determine a structure for your business – is it a sole proprietorship, corporation or partnership, or an association (charitable, not for profit, society or club) or a community serving business such as a condominium corporation. Identify who the primary business representatives will be – who will be responsible for your business? Who will have signing authority for contracts and money? You’ll need to have knowledge of this when opening your business account.

3) Gather the documents you’ll need:

In Canada, you must provide a few key documents to open your new business account. To view and download a checklist of the documents required simply click on the link below that matches the business structure you chose in Step 2:

• Sole proprietorship
• Corporation
• Partnerships (general, limited, limited liability)
• Associations
• Condo corporation