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Small Business Banking and Financing

Bank at your convenience—anytime, anywhere.

No matter where your business takes you, you can count on us to help meet all your banking needs. Enjoy 24/7 access to online, telephone and mobile banking, as well as a Business Client Card that gives you access to banking machines worldwide.

Tip: For help choosing your account, try our Business Account Selector.

  • RBC Business Essentials® Variable Pricing Account

    Pay as you go versus locking into a fixed-fee package. This account lets you pay for only what you use. It's ideal for seasonal businesses whose transaction activity fluctuates throughout the year. You can receive volume discounts as well as discounts on electronic transactions. The minimum monthly fee is $6.001.

  • RBC Business Essentials® Fixed-Fee Account

    If your business has consistent monthly transaction volumes, this account could help save you money. For $20.00 a month, you get (per month) up to: 20 debits/cheques, 15 credits/deposits, 20 items deposited and $2,500 cash deposited. Make additional transactions for a low fee per item, with discounts on electronic transactions.

  • RBC Business Essentials® Savings Account

    With unlimited transfer-in credits and deposits, this premium savings account is the perfect complement to your operating account.

  • U.S. Business Deposit Account

    If you do business in U.S. dollars, this account can help you better manage your foreign exchange needs. This non-interest bearing account allows you to pay for only what you use with low transaction fees per item.


Does your business have special needs?

We also offer specialty business accounts for professionals (doctors, dentists, lawyers, accountants and other professionals), agricultural clients and community-based, not-for-profit organizations.


Open a Business Account

Whether you're opening your first business account or switching from another financial institution, we're here to make the process easy.

How to Open an Account

Click here for step-by-step instructions on opening an account with us.

How to Transfer an Account

CustomSwitch® is a free2 and convenient way to transfer your bank accounts to RBC Royal Bank.

*1) Does not apply if transaction fees are more than $6.00.
2) Transfer fees or other fees and charges may apply when transferring your pre-authorized transactions and bank accounts to us. The transferring financial institution or entity may impose these fees or charges. Royal Bank of Canada is not responsible for any such fees or charges and you will be responsible for such fees or charges.


Talk to an RBC Royal Bank small business advisorContact Us

For help choosing the right account, talk to an RBC® Small Business Advisor.

  • Call us 24/7 at:

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