You are on: Features & Benefits
Are you currently using a personal bank account to run your business? Having a dedicated account like the RBC Small Business eAccount can help simplify your business bookkeeping. Here are just a few examples:
The RBC Small Business eAccount is designed for e-savvy small business owners who prefer to bank through self-serve, electronic channels1 such as online banking, mobile banking and RBC ATMs. Benefits include:
You can apply online for the Small Business eAccount in as little as 10 minutes and 5 simple steps.
* Electronic account transactions include online bill payments, pre-authorized payments (PAPs) and point of sale (POS) transactions. Standard fees apply for other services, including cheques and cash deposited at RBC ATMs, Pay Employees & Vendors (PEV), wire transfers, etc. when completed online.
1) Not all of the same functionality or features may be accessible or available at all times for all services or electronic channels. Additional fees and charges may apply.
You are on: Fees
|RBC Small Business eAccount|
|Monthly fees and volumes|
|Included account transactions|
|The following fees apply to transactions in excess of the included account transactions|
|Paper debits or cheques||$1.50|
|Paper credits or deposits||$3.50|
|Items deposited||$0.22 each|
|Cash deposited (Night and Day Deposit)||$2.00(2) per $1000|
|Cash deposited (ATM)||$2.25 per $1000|
|Cash deposited (In-branch)||$5.00 per $1000|
|Account statement fees|
|Electronic statement(3)||No charge|
RBC Small Business eAccount is a non-interest bearing account.
Tip: If you plan to use non-electronic channels such as assisted in-branch banking, issuing more than 4 cheques per month, and depositing cash often, a different business account may better suit your needs. Please call 1-800-769-2520 to speak with a small business advisor.
2) Reduced fee for cash deposited via Night and Day deposit may not be available in all areas. Please see your branch for details.
3) Free eStatement option and cheque images with Online Banking when paper statement is turned off.