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Student life is busy. Getting to class, meeting deadlines, studying for exams. You don’t have time to stress about your finances. That’s why we’re making things just a little easier, by helping you keep more money in your pocket.

RBC Student Banking® account§

RBC Student Banking account
Bank fees are no way to spend your cash.
  • Get $60 when you open a new student banking account*
  • NO monthly fee
  • Free unlimited Interac e-transfer transactions^
  • NO minimum balance required
  • 25 free debits per monthΦ

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Royal Credit Line for Students

Royal Credit Line for Students
A worry-free way to pay for school.
  • No annual fee. No set up costs
  • Pay interest-only while in school, and for up to 2 years after you’ve completed your studies
  • Get low and competitive interest rates±
  • Flexible limits customized to your needs

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RBC Rewards+ Visa

RBC Rewards+ Visa
Your rewards. Your choice.
  • No annual fee
  • Earn 1 RBC Rewards® point for every $1 spent on gas, grocery and drug store purchases˜
  • Includes purchase protection insuranceп – we’ve got you covered

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More Reasons to love RBC

Don’t spend money to send money. It’s the easiest way to pay back your friends or split the tab. FREE Interac e-Transfer transactions with your student banking account^. Send money quickly via email, text, or with Siri for RBC Mobile®.

Use Apple Pay on your iPhone or Apple Watch anywhere “tap” is available.

The RBC Mobile app is a convenient way to bank from the palm of your hand.

Get notifications on your phone to track account activities.

For tips on budgeting and paying for school visit our student financial wellness site.

Start Banking With RBC Today

Apply Now
Visit a branch today to open an account.

To qualify for the $60 you must 1) be a new client to RBC and open between July 17 and September 29, 2017: an RBC Student Banking® account with no monthly fee (you can also get $60 if you open an RBC No Limit Banking for Students® account with a monthly fee of $10.95); 2) enroll in either RBC Online Banking or RBC Mobile Banking; and 3) make one debit or credit transaction using your new student banking account before October 31, 2017. Note: The $60 cash will be deposited to your new student banking account within 6-8 weeks after opening your new account, provided you have met the eligibility criteria as outlined above and only if your account remains in good standing.
RBC Student Banking and RBC No Limit Banking for Students accounts are available to any full-time student upon presentation of student identification. Students who are 25 years of age and older must present proof of student status each year to maintain their eligibility for a student account.
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.
Free Debit Transactions are calculated per Monthly Cycle. $1 is charged for each debit over the monthly limit. RBC Virtual Visa Debits, 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.
Royal Credit Line for Students is provided by Royal Bank of Canada and is subject to its standard lending criteria. Offer may be changed, withdrawn or extended at any time, without notice. Not available in combination with any other rate discounts, offers or promotions. Some conditions apply. The minimum payment is the accrued interest and, only if applicable, service fees that apply for that period as well as your LoanProtector insurance premium and taxes.
Interest rate for Royal Credit Line is based on the Royal Bank Prime Rate, plus or minus a premium or discount depending upon your program of study. Two Royal Credit line cheques may be written during each monthly cycle without charge. A $2.00 Royal Credit Line Cheque Fee applies to each cheque thereafter. Refer to your Student Royal Credit Line Agreement for details.
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.
You will earn i) 1 RBC Rewards point for every $1.00 in Gas, Grocery, and Drug Store Purchases you make; and ii) 1 RBC Rewards point for every $2.00 on all other purchases (including pre-authorized bill payments) you make on your card. Purchases made at merchants classified by Visa’s “Merchant Category Code” (MCC) as: (i) “service stations” (MCC 5541) or “automated fuel dispensers” (MCC5542) are “Gas Purchases”; (ii) “grocery stores” (MCC 5411) are “Grocery Purchases”; and (iii) “drug stores & pharmacies” (MCC 5912) are “Drug Store Purchases” (“Eligible MCCs”). Even though some merchants may sell gas, grocery, and drug store merchandise, purchases made at these locations may not necessarily qualify as Eligible MCCs if the merchant is not classified as such by Visa. Also, you may make a purchase at a merchant that is not classified as an Eligible MCC but is located on the premises of a merchant that is classified as an Eligible MCC, in which case your purchase would not qualify as an Eligible MCC. We cannot guarantee that any merchant, operating in whole or in part as a gas, grocery or drug store, is classified as an Eligible MCC and in no event will we be liable or responsible for any claims with respect to a grocery store purchase made at a merchant that is not classified as an Eligible MCC. See sample list of eligible merchants at www.rbcrewards.com/shop. RBC Rewards points are earned on net purchases only; they are not earned on cash advances (balance transfers, cash-like transactions and bill payments that are not pre-authorized charges that you set up with a merchant), interest charges or fees, and credits for returns and adjustments will reduce or cancel the points earned by the amounts originally charged.
Refers to Purchase Security and Extended Warranty insurance. Coverage underwritten by RBC General Insurance Company in the province of Quebec and by RBC Insurance Company of Canada in the rest of Canada. All insurance is subject to limitations and exclusions. Purchase Security Insurance provides coverage for direct accidental physical loss or damage to personal property or gifts that are paid in full on your RBC credit card for 90 days from the date of purchase. Refer to the insurance booklet for complete details.
iPhone, iPod touch and iPad are trademarks of Apple Inc., registered in the U.S and other countries. App Store is a service mark of Apple Inc.
Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada.
All other trademarks are the property of their respective owner(s).