Bank accounts that make your life easier.
RBC Student Banking account – Most Popular
with no monthly fee
RBC No Limit Banking for Students ($10.95/month)
best for post-secondary students who need unlimited transactions, so you can use your card wherever, whenever.
- Get $100 when you open a new RBC No Limit Banking for Students account and complete the criteria1
- Unlimited withdrawals, including ATM6, debit transactions and bill payments
- Monthly fee waived when you qualify for Multi-Product rebate7. That’s an annual savings of over $130.
- $39 annual fee rebate on our premium student credit card8
- 5,000 RBC Rewards welcome points9 upon approval of a Signature RBC Rewards credit card
- Find out more
Reasons to RBC
For tips on budgeting and paying for school visit our student financial wellness site.
Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada.
This offer is available to any Eligible Student Clients without a Personal Banking Account with Royal Bank at the beginning of the Promotional Period or in the three year period before the start of the Promotional Period, and who otherwise comply with the Terms of the offer. The « Bonus Offer » is $100 with an RBC No Limit Banking for Students® account (monthly fee of $10.95) or $60 with an RBC Student Banking® account or $25 with an RBC Leo’s Young Savers Account®. You must open your first new Eligible Personal Banking Account by 9:00 PM EST on April 1, 2019 and complete two of the following Qualifying Criteria by 9:00 PM EST on June 28, 2019 using your Eligible Personal Banking Account: mobile cheque deposit, Interacǂ e-Transfer; or any purchase - including those done with RBC Virtual Visaǂ Debit, Apple Pay, Samsung Pay or with the RBC Wallet. Qualifying Criteria can be made within RBC Online Banking, RBC Mobile Banking or with your RBC Client Card. Transactions made in branch or through the ATM network, as well as bank fee transactions, are not included as a qualifying transaction. No qualifying transactions or purchases are required for the $25 Bonus Offer with the RBC Leo’s Young Savers Account.
The Bonus Offer will be deposited into your Eligible Personal Banking Account within 2 to 8 weeks of completing the Qualifying Criteria, if applicable. Royal Bank may follow up with Eligible Student Clients to remind them to complete the Qualifying Criteria.
This offer may not be combined or used in conjunction with any other Personal Banking Account offers. Royal Bank of Canada reserves the right to withdraw this offer at any time without notice, even after acceptance by you.
For full details including defined terms visit rbc.com/switchaccounts.
Unlimited free Interac e-Transfer transactions are available in all Canadian dollar personal banking (chequing) accounts and are not counted toward the free monthly total in accounts with a limited number of free debits. In all Canadian dollar savings accounts, Interac e-Transfer transactions are $1 each, count as a Debit Transaction toward any free monthly total and carry an Excess Debit Transaction fee, if applicable. Interac e-Transfer transactions are not available in US dollar accounts.
RBC Virtual Visa Debits, Third-party payments, RBC Royal Bank loan payments, RBC Royal Bank mortgage payments, pre-authorized and self-serve RBC Royal Bank credit card payments and contributions to RBC investment accounts (such as GICs, Royal Mutual Funds, Registered Savings Plans, Registered Education Savings Plans, Registered Disability Savings Plans and Tax-Free Savings Accounts) from your RBC Student Banking Account are free of charge. All other Debit Transactions from this Account are counted as Debit Transactions towards the free monthly Debit Transactions included in the Account, and give rise to an Excess Debit Transaction Fee, if the total free monthly Debit Transactions are exceeded. Free Debit Transactions are calculated per Monthly Cycle. $1 is charged for each debit over the monthly limit.
RBC Online Banking is provided by Royal Bank of Canada. RBC Mobile is operated by Royal Bank of Canada, RBC Direct Investing Inc. and RBC Dominion Securities Inc. RBC Canada, RBC Wallet, RBC Rewards and RBC eGift are operated by Royal Bank of Canada.
When you use Virtual Visa Debit to make a payment: 1) the funds will be debited from your account. This is the account you access with your RBC Royal Bank Client Card when you select the “Chequing” option on a merchant payment terminal or at an automated teller machine. The merchant performs an authorization on your account at the time of the purchase and the charge is immediately debited from that account. In some cases, merchants may need to adjust the authorization amount. Should this occur, a credit adjustment in the amount of the original authorization will be credited to your account, followed immediately by a debit adjustment that reflects the final transaction amount. Please refer to the RBC Royal Bank Virtual Visa Debit Agreement for further details.
An ATM operator surcharge (also called convenience fee) may be charged by non-RBC Royal Bank ATM operators. The convenience fee is not a Royal Bank of Canada fee. It is added directly to the amount of your cash withdrawal. All clients who use non-RBC Royal Bank ATMs may be charged a convenience fee regardless of the type of account they hold.
If you have an eligible banking account and two or more qualifying, eligible RBC products in the same geographic location (region), you may receive a partial or full rebate on your Monthly Fee. Some conditions apply. For more information on the Multi-Product Rebate visit any RBC Royal Bank branch, call 1-800-769-2511 or view the full Disclosures and Agreements Booklet.
If you are a post-secondary student and an owner or co-owner of an RBC Student Banking or RBC No Limit Banking for Students account (each, an “Eligible Student Bank Account”) and the primary cardholder of either the Signature® RBC® Rewards Visa‡ credit card, RBC Visa Cash Back credit card or WestJet RBC MasterCard credit card (each, an “Eligible Student Credit Card”), you may be entitled to a rebate towards the annual fee of your Eligible Student Credit Card, every year. For any other RBC Royal Bank credit card, regular annual fees apply as they are not eligible for a rebate.
To benefit from a rebate towards the annual fee of an Eligible Student Credit Card, every year, you must: i) complete the Student Information section of the credit card application form in full, ii) remain a student, and iii) be an owner or co-owner of an Eligible Student Bank Account throughout your studies.
|Eligible Credit Cards||Annual Fee Rebate|
|Signature® RBC Rewards® Visa‡||$39|
|WestJet RBC® MasterCard‡||$39|
Subject to credit approval.
You will continue to benefit from the rebate on your annual fee: i) until you close your Eligible Student Bank Account, or ii) until the Expected Graduation Year you have provided at the opening of your Eligible Student Bank Account, whichever comes first. Thereafter, you will no longer receive the rebate on the annual fee. If, for some reason, the Expected Graduation Year you have provided at the opening of your Eligible Student Bank Account differs from the one you have indicated on your credit card application form, the Expected Graduation Year you have provided at the opening of your Eligible Student Bank Account will prevail and be used for determining the expiry of this offer.
Additional cardholders (co-applicants and authorized users) are not eligible for this offer. Only one credit card annual fee rebate per Eligible Student Bank Account is allowed. This means that if this is a jointly held Eligible Student Bank Account, and each co-owner is also the primary cardholder of an Eligible Student Credit Card, only the Primary Owner of the Eligible Student Bank Account will be entitled to the credit card annual fee rebate.
Your application form must be approved by us to receive the 5,000 bonus RBC Rewards points. The bonus points will appear on your first statement. Additional cardholders, as well as cardholders with existing RBC Royal Bank credit cards, applying for or transferring to an RBC Signature Rewards card are not eligible for this offer. This offer may not be combined or used in conjunction with another offer.
To qualify for the $25 you must be a new personal day-to-day banking client to Royal Bank of Canada within the last three years. The $25 will be deposited into your new account within 2-8 weeks after account open, provided your account remains in good standing. Available to clients 13 years of age and under. You must open your first new Eligible Personal Banking Account by 9:00 PM EST on April 1, 2019.
The CreditView Dashboard information is provided by TransUnion for educational purposes and is not intended to provide you with financial advice. We do not review or use CreditView Dashboard information, and CreditView Dashboard information cannot be interpreted as credit approval. As such, Royal Bank of Canada is not liable for any decision you make based on CreditView Dashboard information. For help with your financial needs and financial advice, please talk to us. In order for you to access the CreditView Dashboard, we must share your name, address and date of birth with TransUnion each time you click on the "View Your Credit Score" link in Online Banking.
RBC Offers are available to clients with an RBC Royal Bank debit card tied to a personal chequing account and/or an eligible RBC Royal Bank credit card. Program access is determined by RBC and based on the client's preferences and account status. All offers are subject to eligibility. Please refer to the terms and conditions for each specific RBC Offer for more details. RBC Commercial Visa and RBC U.S. Dollar Visa Gold cards are not eligible for RBC Offers. Other exceptions may apply to certain RBC Offers