Conditions, Notices & Trademarks

1 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 MultiProduct Rebate® visit any RBC Royal Bank branch, call 1-800-769-2511 or view the full Disclosures and Agreements Booklet (opens new window).

2 For clients age 65 or older. Limit one rebate per client. Some conditions and exceptions may apply. May not be combined with MultiProduct Rebate.

3 ATM - RBC ATM Access fees waived
An ATM operator surcharge (also called convenience fee) may be charged by other ATM operators. The convenience fee is not a Royal Bank fee. It is added directly to the amount of your cash withdrawal. All clients who use non-RBC ATMs may be charged a convenience fee regardless of the type of account they hold.

ATM use outside Canada
Each account cash withdrawal at an ATM outside Canada displaying the PLUS System symbol, and any fees that may be imposed by any third party for using the ATM, are converted to Canadian dollars at an exchange rate which is 2.5% above the bench mark rate set by the payment card company when the transaction is posted. Exchange rates fluctuate and, as such, the rate applied will usually differ from the posted exchange rate at the time of the transaction.

ATM - Unlimited banking transactions including Interac and PLUS System network fees waived
ATM operator surcharge (also called a convenience fee) may be charged by other ATM operators. The convenience fee is not a Royal Bank fee and is added directly to the amount of your cash withdrawal. All clients who use non-RBC ATMs may be charged a convenience fee regardless of the type of account they hold. Each account cash withdrawal at an ATM outside Canada displaying the PLUS System symbol, and any fees that may be imposed by any third party for using the ATM, are converted to Canadian dollars at an exchange rate which is 2.5% above the bench mark rate set by the payment card company when the transaction is posted. Exchange rates fluctuate and, as such, the rate applied will usually differ from the posted exchange rate at the time of the transaction.

ATMs - 3 withdrawals from other bank ATMs refunded per Monthly Cycle
ATM operator surcharge (also called a convenience fee) may apply. It is charged by a third party and added directly to the amount of your cash withdrawal. Totals are not cumulative, and if not used, may not be carried over into the next Monthly Cycle.

4 Transaction fees may apply for bill payments or funds transfers made through Online Banking and are separate from access fees.

5 Subject to credit approval. Overdraft interest charge applies if used. If an account is overdrawn, a deposit is required to be made at least once each month, in an amount that will cover the monthly overdraft interest.

6 Totals are not cumulative, and if not used, may not be carried over into the next monthly cycle or calendar year. Excess debit transaction fee may also apply depending on the account.

7 Safe Deposit Box fees are collected in January for each calendar year. If you open, switch or are converted to an account that is eligible for a Safe Deposit Box discount at any time after the Safe Deposit Box fees have been collected that year, the discount on those Safe Deposit Box fees will not be pro-rated and applied to the fees of the partial year. The discount will start in the following year and be applied to the Safe Deposit Box fees billed in January of the following year.

9 RBC Student Banking® and RBC No Limit Banking for Students® accounts are available to any full-time student upon presentation of student identification.

10 The first inactive account notice is sent when the customer has not performed any transactions between January 01 and December 31 for two consecutive years. An inactive account fee is charged each year the account is inactive, but notices are only sent after the 2nd and 5th year the account has been inactive, if applicable. If the account remains inactive for 9 years, the account is closed and after 10 years of inactivity the funds balance is transferred to Bank of Canada.

11 Canadian Dollar equivalent.

12 Fee waived if monthly electronic statement is selected.

13 On operating account only.

14 Foreign currency purchases paid by withdrawal from your Canadian dollar account are converted to Canadian dollars at an exchange rate 2.5% over the Interbank Spot Rate (as defined by Acxsys Corp.), effective at time of processing. Since exchange rates fluctuate, the rate applied will usually differ from the posted exchange rate at the time of your purchase.

15 Subject to credit approval. As a sole or joint owner of an RBC VIP Banking® (VIP) account and the primary cardholder of one of the eligible credit cards listed below, the annual fee of that eligible credit card will be fully or partially rebated (as indicated below), every year, as long as your credit card remains in good standing and you remain a VIP account owner. Additional cardholders’ annual fee is also fully or partially rebated (as indicated below), every year, as long as your eligible credit card remains in good standing and you remain a VIP account owner. Only one credit card annual fee rebate per VIP account is allowed, which means that if you own a joint VIP account and each co-owner is also the primary cardholder of an eligible credit card, only the primary owner of the VIP account will be entitled to the credit card annual fee rebate. Other conditions and restrictions apply. Rebates that apply to eligible credit cards are: ( i) partial rebate of $120 for the primary cardholder and $50 for the co-applicant on the annual fee of an RBC® Avion® Visa Infinite Privilege card, and (ii) annual fee fully rebated for the primary cardholder and the additional cardholders (co-applicant and authorized users) on any of the following cards: RBC Visa Infinite Avion®, RBC Visa Platinum Avion, RBC Rewards® Visa Preferred, RBC U.S. Dollar Visa Gold, RBC British Airways Visa Infinite, RBC Cathay Pacific Visa Platinum and WestJet RBC World Elite MasterCard.

As a sole or joint owner of an RBC Signature No Limit Banking® (SNL) account and the primary cardholder of one of the eligible credit cards listed below, the annual fee of that eligible credit card will be fully or partially rebated (depending on the credit card you choose), every year, as long as your eligible card remains in good standing and you remain an SNL account owner. Additional cardholders (co-applicants and authorized users) do not qualify for the annual fee rebate, even if they are also owners of an SNL account. Only one credit card annual fee rebate per SNL account is allowed, which means that if you own a joint SNL account and each co-owner is also the primary cardholder of an eligible credit card, only the primary owner of the SNL account will be entitled to the credit card annual fee rebate. Other conditions and restrictions apply. Rebates that apply to eligible credit cards are: 1) $39 rebate (annual fee fully rebated) for: Signature® RBC Rewards® Visa and WestJet RBC MasterCard card, or 2) $35 rebate (annual fee partially rebated) for: RBC Avion Visa Infinite Privilege, RBC Visa Infinite Avion®, RBC Visa Platinum Avion, RBC Rewards Visa Preferred, RBC U.S. Dollar Visa Gold, RBC British Airways Visa Infinite, RBC Cathay Pacific Visa Platinum and WestJet RBC World Elite MasterCard. Royal Bank of Canada reserves the right to withdraw this offer at any time, even after acceptance by you. Royal Bank of Canada reserves the right to withdraw this offer at any time, even after acceptance by you.

16 All fees are payable in Canadian dollars, regardless of the currency of the payment.

17 Additional changes may be deducted from the payment amount by the receiving financial institution and/or its intermediaries.

18 Inquiries/traces can be subject to fees other than those collected by RBC Royal Bank.

19 If another bank needs to be contacted, add an additional $25 plus GST.

20 Eligible criteria must be met.

21 Fee waived when Senior's rebate applied.

22 The interest rate is an annual interest rate. It is a simple interest calculation. Interest is calculated daily on the closing credit balance and paid monthly. Interest rate is subject to change at any time without notice.

23 RBC VIP Banking account comes with a choice of up to two additional Canadian dollar deposit accounts, to be selected among the RBC Day to Day Banking®, RBC Enhanced Savings® and RBC Day to Day Savings® accounts, and one additional U.S dollar deposit account, limited to the U.S. Personal Account®, with the monthly fees waived. Note: Due to system limitations all accounts must be opened by the client in the same geographic location or region to be recognized for this bundling feature. If you have questions, please speak to your branch.

24 One certificate per customer. Can be used towards any preferred supplier vacation package, tour or cruise booking with a minimum value of $2,500, exclusive of taxes. Certificates can be combined: one certificate with each $2,500 worth of travel. Valid for two years from date of issue.

25 1, 2 or 3 additional RBC Rewards points are awarded per dollar spent on qualifying purchases made at all Canadian Carlson Wagonlit Travel (“CWT”) locations. Additional points are awarded by CWT and are in addition to the standard RBC Rewards points you earn per dollar when you redeem your points or pay with your eligible RBC Royal Bank credit card, and will appear on your credit card statement 4–6 weeks after travel departure date, provided your credit card account was in good standing at time of travel. Additional points for airline tickets are awarded to a maximum of 500 points. Other conditions and restrictions apply. CWT, not Royal Bank of Canada, is responsible for the CWT program. For more details, visit: www.rbcrewards.com/cwtdetails

26 Fees may apply on the account from which the money has been transferred.

27 Fees may apply on the account from which the money has been transferred. Includes RBC Royal Bank and RBC Centura® and RBC Direct Investing™ accounts in your name only (sole ownership) and those that you share with others (joint ownership). Online transfers are not available for RBC Royal Bank U.S. Dollar Visa* Gold cards.

28 RBC Online Banking is operated by Royal Bank of Canada. RBC Mobile is operated by Royal Bank of Canada, RBC Direct Investing Inc. and RBC Dominion Securities Inc. 29 Excess debit transaction fee may also apply depending on the account. Additional service fees by any intermediary and receiving bank may apply. Currency conversion fees may also apply. The financial institution on the receiving end of the transaction may have other requirements.
If you are eligible, we may give you the option to exceed the maximum daily limit up to $10,000 CAD per day, if you successfully complete an additional authentication process. This involves receiving a one-time password by text message from us to your mobile phone and entering it in order to complete the transaction. To be eligible for this service, you must have a Canadian mobile phone number recorded with us. Otherwise, the maximum daily limit is $2,500 CAD.

29 Additional service fees by any intermediary and receiving bank may apply. Maximum of $2,500 Canadian dollars (or equivalent) per transaction per 24-hour period.

30 Not available to recipients in Canada and restricted countries. If your Recipient lives in Canada, you can send them a free Interac e-Transfer from your RBC Royal Bank personal chequing account.

31 Rebate for the co-applicant will only occur if the co-applicant incurred an annual fee greater than $34. rebate will not apply if an annual fee was not paid.

32 Savings were calculated assuming 45 debits per month and are compared to RBC Day to Day Banking®. The amount actually saved will vary depending on the extent to which you use each of the account services.

33 Savings were calculated assuming the use of all banking services available within the package. The amount actually saved will vary depending on the extent to which you use each of the account services. For this calculation, the following assumptions regarding service use were made: Overdraft protection, 1 cheque order annually, 2 Interac e-Transfers per month, $2,500 CDN of travelers cheques purchased annually, plus the use of 4 bank drafts annually, travel coupon and the annual rental of a small safe deposit box. Savings for the RBC Signature No Limit Banking account also includes 45 debits per month, 3 Interac withdrawals per month and annual fees on an RBC Rewards credit card.

34 Savings were calculated assuming the use of all banking services available within the package. The amount actually saved will vary depending on the extent to which you use each of the account services. For this calculation, the following assumptions regarding service use were made: overdraft protection, 1 cheque order annually, 2 Interac e-Transfers per month, $2,500 CDN of travellers cheques purchased annually, plus use of 4 drafts/ services annually, travel coupon; the annual rental of a small safe deposit box. Monthly savings also include 100 debits (operating and alternate accounts), 3 Interac ATM withdrawals per month, 1 PLUS ATM withdrawal, 2 cross-border debits per month, 2 certified cheque services, annual fee of the applicant/co-applicant credit card, 1 assisted stop-payment annually and Self-Directed RRSP.

35 Savings are based on the cost of banking service fees for a typical account holder with an RBC Student Banking account compared to the cost of an RBC Day to Day Banking® account. For this calculation, the following assumptions regarding service use were made: 55 debits per month (at a cost of $1.00 for each debit over 25), and credit card fees rebate ($39 rebated for either the Signature RBC Rewards Visa card or WestJet RBC MasterCard). The amount actually saved will vary depending on the extent to which each of the account services is used.

36 Savings are based on the cost of banking service fees for a typical account holder with an RBC No Limit Banking for Students® account compared to the cost of an RBC Student Banking account. For this calculation, the following assumptions regarding service use were made: 55 debits per month (at a cost of $1.00 for each debit over 25), credit card fees rebate ($39 rebated for either the Signature RBC rewards Visa card or Westjet RBC MasterCard) and waived monthly fees with MultiProduct Rebate ($10.95). The amount actually saved will vary depending on the extent to which each of the account services is used.

37 Savings were calculated assuming the use all of the debits in those accounts with a debit limit and are compared to RBC Day to Day Banking. The amount actually saved will vary depending on the extent to which you use each of the account services.

38 If you are a post-secondary student and are the Primary Owner or co-owner of an RBC Student Banking or RBC No Limit Banking for Students account (each an Eligible Bank Account) and the primary cardholder of one of the eligible RBC Royal Bank credit cards listed below, you may be entitled to a rebate on your annual fee, every year, as long as you:
i) complete the Student Information section of the credit card application form in full;
ii) remain a student; and
iii) are the primary or co-owner of an Eligible Bank Account throughout your studies.

Eligible Credit Cards Annual Fee Rebate
Signature RBC Rewards® Visa card $39
WestJet RBC MasterCard $39
RBC Visa Cash Back $19

Subject to credit approval

You will continue to benefit from the rebate on your annual fee: i) until you close your Eligible Bank Account, or ii) until the Expected Graduation Year you have provided upon opening your Eligible 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 time of opening your Eligible Bank Account differs from the one you indicate on your credit card application form, the Expected Graduation Year you have provided at the time of opening of your Eligible Bank Account will prevail and be used for determining the expiry of this offer.

Additional cardholders are not eligible for this offer. Only one credit card annual fee rebate per Eligible Bank Account is allowed. This means that if both the primary owner and co-owner of an Eligible Bank Account are also the primary cardholders of an Eligible Credit Card each, only the primary owner of the Eligible Bank Account will be entitled to the credit card annual fee rebate.

39 When you use your Virtual Visa Debit Number for a transaction in a currency other than Canadian dollars, we will convert the transaction amount into Canadian dollars at an exchange rate that is 2.5% over a benchmark rate Royal Bank of Canada pays Visa International, a subsidiary of Visa Inc. on the date of the conversion. For most transactions, the authorization amount debited by the merchant at the time of purchase will be adjusted at settlement to reflect changes in the applicable exchange rate.

40 Debit transactions made using your Virtual Visa Debit Number do not count against any monthly transaction limits applicable to your personal deposit account. Other account fees may apply. Please see the RBC Royal Bank Disclosures and Agreements related to Personal Deposit Accounts booklet or other applicable account agreement for further details.

41 When you use Virtual Visa Debit to make a payment:

  1. a. The merchant performs an authorization on your personal deposit account at the time of the purchase and this authorization amount is immediately debited from that account. This process is followed by a settlement, typically 2-3 days after authorization, which finalizes the amount of the purchase and, in some cases, reflects adjustments to the initial authorization amount. When this happens, 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 settlement amount of your purchase.
  2. b. The funds are debited from your personal deposit account, which is the account you access with your RBC Royal Bank Client Card when you select the “ Chequing ” option on a point-of-sale terminal or at an ATM. If the account linked to the primary chequing position on your Client Card is changed before a payment has been settled, it may impact the processing of that payment if the merchant needs to adjust the initial authorization amount. The final settlement amount will be processed on the account that is linked to the primary chequing position on your Client Card at the time of settlement, even if a different account was debited for the authorization amount. Please see your RBC Royal Bank Virtual Visa Debit Agreement for further details.

42 Applies to RBC Day to Day Banking account only. Limit one rebate per client. Some conditions & exceptions may apply.

43 Proof of any Registered Disability Savings Plan open in your name or for your benefit is required before the rebate will be applied to the banking account fee. Any fees paid before eligibility has been confirmed will not be refunded.

44 Eligible accounts for the Right Account Guarantee are: RBC VIP Banking, RBC Signature No Limit Banking, RBC No Limit Banking®, RBC No Limit Banking for Students and RBC Day to Day Banking. This offer is limited to the monthly fee that applies to the new or upgraded account for the first 3 months the account remains open. You must close the new or upgraded account or switch to another account and apply for the refund within 4 months of account opening or upgrade. If you close the account, we’ll refund the monthly fees for the time the account remained open up to a maximum of 3 months. If you downgrade to a lower fee account, we’ll refund the difference in monthly fees between the two accounts for the time the higher fee account remained open up to a maximum of 3 months. Offer limited to one account opening or upgrade per customer per calendar year. Offer may be withdrawn at any time without notice.

45 An ATM operator surcharge (also called convenience fee) may be charged by other ATM operators. The convenience fee is not a Royal Bank fee. It is added directly to the amount of your cash withdrawal. All clients who use non-RBC ATMs may be charged a convenience fee regardless of the type of account they hold.

46 Each account cash withdrawal at an ATM outside Canada displaying the PLUS System symbol, and any fees that may be imposed by any third party for using the ATM, are converted to Canadian dollars at an exchange rate which is 2.5% above the bench mark rate set by the payment card company when the transaction is posted. Exchange rates fluctuate and, as such, the rate applied will usually differ from the posted exchange rate at the time of the transaction.

47 Debit Transactions in the Day to Day Banking and U.S. Personal Accounts: 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 Day to Day Banking Account or U.S. Personal Account are free of charge. All other Debit Transactions from these Accounts 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.

48 Debit Transactions in Savings Accounts: RBC Virtual Visa Debits, RBC Royal Bank loan payments, RBC Royal Bank mortgage payments, pre-authorized or self-serve RBC Royal Bank credit card payments, 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) and electronic self-serve fund transfers from your savings Account to any Account in your name are free of charge. All other Debit Transactions from any Savings Account are counted as Debit Transactions in the Account and give rise to an Excess Debit Transaction Fee, if any free monthly Debit Transaction is exceeded.

49 Debit Transactions in RBC Leo’s Young Savers Account® and RBC Student Banking® Account: 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 the RBC Leo’s Young Savers Account or RBC Student Banking Account are free of charge. All other Debit Transactions from these Accounts 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.

50 This figure includes your savings from the MultiProduct Rebate if applicable.

51 Our recommendation is based on the accuracy and completeness of the information provided and is for illustrative and general information purposes only. This tool is not intended to provide specific financial, investment or other advice, and should not be relied upon in that regard. Royal Bank of Canada uses reasonable effort to include accurate and up-to-date information in this tool, but cannot guarantee that all information is accurate or complete or current at all times. Royal Bank of Canada does not make any express or implied warranties or representations with respect to any information or results in connection with the Account Selector tool. Royal Bank of Canada will not be liable for any losses or damages arising from any errors or omissions in any of the information or results, as well as any action or decision made by you in reliance on any information or results.

52 If you hold an RBC Direct Investing account as one of your qualifying products, the MultiProduct Rebate may not be applied automatically to your banking account. If your rebate does not appear on your banking account statement at the end of any month for which you hold the eligible products, please notify us immediately. We will not be liable for any MultiProduct rebate for which you may have been eligible before you notified us.

53 RBC Canada is operated by Royal Bank of Canada. RBC Mobile is operated by Royal Bank of Canada, RBC Direct Investing Inc. and RBC Dominion Securities Inc.

54 For a definition of an unauthorized transaction and for full details regarding the protections and limitations of the RBC Online Banking Security Guarantee, please see your Electronic Access Agreement. This guarantee is given by Royal Bank of Canada in connection with its Online Banking service.

* Registered trademark of Visa International Service Association. Used under license.

Registered trademark of American Express Company. Used under license.

All other trademarks are the property of their respective owner(s).

†† Carlson Wagonlit Travel is a registered trademark of Carlson Wagonlit Canada (“Carlson Wagonlit Travel”). Used under license.

††† Registered trademark of Canada Post Corporation. Used under license.

§ Shoppers/Pharmaprix Optimum and Shoppers/Pharmaprix Optimum Points are registered trademarks of 911979 Alberta Ltd., used under licence. The RBC Shoppers/Pharmaprix Optimum Bank Account is offered by Royal Bank of Canada. RBC Direct Investing Inc.* and Royal Bank of Canada are separate corporate entities which are affiliated. RBC Direct Investing Inc. does not provide investment advice or recommendations regarding the purchase or sale of any securities. Investors are responsible for their own investment decisions. RBC Direct Investing is a business name used by RBC Direct Investing Inc. *Member-Canadian Investor Protection Fund.

Apple, the Apple logo, iPhone and iPad are trademarks of Apple Inc., registered in the US and other countries. Apple Pay and Touch ID are trademarks of Apple Inc. All other trademarks are the property of their respective owner(s).

Android and Google Play are trademarks of Google Inc. Samsung Galaxy S III and Samsung Galaxy S4 are trademarks of Samsung Electronics Canada, Inc. and/or its related entities used with permission