Prime Rate means the variable annual interest rate announced by us from time to time as a reference rate for determining interest rates on Canadian dollar commercial loans in Canada. Student Royal Credit Line rate quoted is subject to change based on changes to the Royal Bank Prime Rate.
The interest rate discount on the Student Royal Credit Line is up to 0.25 % off the current prime rate. The amount of the discount is subject to change at any time without notice.
Two Student 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.
After graduation and residency, you have up to 24 months before you have to start repaying the principal you've borrowed. The Royal Credit Line® for Medical/Dental 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 Offer may be changed, withdrawn or extended at any time, without notice.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, may include service fees and any other charges that apply for that period, as well as, your LoanProtector®Π insurance premium and taxes.
Monthly fee for the RBC VIP Banking® account will be waived for the first four years from account opening. Other account transaction fees may apply. Available only to students pursuing a medical or dental degree in university who do not have an existing Personal Banking Account with us, nor had a Personal Banking Account with us in the previous five years. This offer shall not be combined with any other personal banking account offer or promotion. The monthly fee for the RBC VIP Banking package is $30 and will be applied after expiry of the first four year period. Only one fee waiver per student, no matter how many RBC VIP Banking accounts are opened by the student, whether in sole or joint ownership. To benefit from the fee waiver, all your accounts with us must remain in good standing during the four year period. We reserve the right, in our sole discretion, to revoke this offer to any person we believe to be manipulating or otherwise abusing the process, fairness, integrity or operation of the offer. Other conditions may apply. See branch for details. This offer may be withdrawn at any time and is subject to change without notice.
This credit card offer is open to medical school students, medical residents and dental school students only. Subject to credit approval and product eligibility criteria. To be exempt from the annual fee for four years and to receive the 15,000 bonus RBC Rewards points, your application must be approved by us. Upon enrolment, 15,000 bonus RBC Rewards points will appear on your first credit card statement. Co-applicant cardholders’ annual fee is also waived for the first year only, but co-applicants are not eligible for the bonus points offer. Existing RBC Visa Platinum Avion and Visa Infinite‡ Avion cardholders are not eligible for this offer. This offer may not be combined or used in conjunction with any other offer. Confirmation of enrolment for medical or dental school or proof of residency must be provided. Royal Bank of Canada reserves the right to withdraw this offer at any time, even after acceptance by you.
LoanProtector insurance is a creditor's group insurance program, underwritten by The Canada Life Assurance Company, and is subject to terms, conditions, exclusions and eligibility restrictions. Please see the LoanProtector Certificate of Insurance for full details.
Student Line of Credit is provided by Royal Bank of Canada and are 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.
As long as you're in school either full-time or part–time, you only have to pay the interest owing each month. After graduation and residency, you have up to 24 months before you have to start repaying the principal you've borrowed.
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.
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.
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.
On operating account only.
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.
Subject to credit approval. Some conditions apply.