BackOpen an Eligible Chequing Account and Credit Card
and You Can Get up to $2,000 in Valuelegal bug †
Find Out How
Offer ends November 2, 2026. Qualifying Criteria and Conditions Apply.
SPECIAL OFFER FOR FULL-TIME STUDENTS
*Conditions apply. Offer ends November 2, 2026. Complete offer qualifying criteria by January 15, 2027.
RBC was featured in Ratehub.ca's “Best student chequing accounts” editorial ranking 2026.
SPECIAL OFFER FOR FULL-TIME STUDENTS
Open a No Monthly Fee RBC Advantage Banking Account for Students and Get AirPods 4legal bug †
*Conditions apply. Offer ends November 2, 2026. Complete offer qualifying criteria by January 15, 2027.
RBC was featured in Ratehub.ca's “Best student chequing accounts” editorial ranking 2026.
What is a bank account?
A bank account is a type of account held at a financial institution. Bank accounts allow you to safely deposit money, make various types of withdrawals and more. Two popular bank accounts are chequing accounts and savings accounts. Chequing accounts are ideal for everyday banking, such as receiving your pay cheque or direct deposit, paying bills and making purchases. Savings accounts are ideal for safely holding excess cash and allow you to earn interest on your money.
What is a newcomer bank account in Canada?
A newcomer bank account is a secure account at a financial institution where you deposit money, get paid, pay bills, and make withdrawals. For people who have recently arrived in Canada within the last five years to work, or study, opening a bank account is usually among the first steps after arriving, because it's how you'll receive your paycheque and pay your rent and everyday bills.
What is a student bank account in Canada?
A student bank account is a type of chequing account designed specifically for students, offering extra features and benefits that support their financial needs.
Open an RBC Advantage Banking Account for Students and enjoy student banking with no monthly feelegal disclaimer 4,legal disclaimer 22 or transaction limits with the digital tools, rewards, and support so you can manage your budget and focus on school.
Apply for a Personal Bank Account Online in Minutes
Knowing more about you can help us offer you the right bank account. Choose the option that describes you best.
View All Chequing Accounts
View All Savings AccountsRBC Bank Accounts Come with These Extra Benefits
Why Newcomers to Canada Bank with RBC
Right Account Guarantee
If you're not 100% satisfied within the first 4 months, we'll refund up to 3 months of monthly fees.legal disclaimer 10 That's our Right Account Guarantee.
No Minimum Balance Needed
Pay as low as $0/month when you use your account and have other RBC products.legal disclaimer 9
Security Guarantee
Trust your money is safe. Your account is CDIC-insured for up to $100,000 and protected against unauthorized transactions with our Security Guarantee.legal disclaimer 11
Right Account Guarantee
If you're not 100% satisfied within the first 4 months, we'll refund up to 3 months of monthly fees.legal disclaimer 9 That's our Right Account Guarantee.
No Minimum Balance Needed
You don't need to carry a balance to enjoy the benefits that come with your RBC bank account.
Security Guarantee
Trust your money is safe. Your account is CDIC-insured for up to $100,000 and protected against unauthorized transactions with our Security Guarantee.legal disclaimer 10
As one of Canada’s biggest banks, we offer simple and customized financial services that help support every stage of your journey – before, during and after your move to Canada.
Value
Pay no monthly banking feeslegal disclaimer 1For the first year with the RBC Newcomer Advantage
Support
Talk to someone in your languageService is available by phone or in branch in up to 200 languages
Trust
1 million+ newcomers servedWe’re proud to have supported so many newcomers to Canada
Convenience
Bank how and when you wantWith the largest combined branch and ATM network in Canada, plus 24/7 digital banking
Right Account Guarantee
If you're not 100% satisfied within the first 4 months, we'll refund up to 3 months of monthly fees.legal disclaimer 11 That's our Right Account Guarantee.
No Minimum Balance Needed
Pay as low as $0/month when you use your account and have other RBC products.legal disclaimer 10
Security Guarantee
Trust your money is safe. Your account is CDIC-insured for up to $100,000 and protected against unauthorized transactions with our Security Guarantee.legal disclaimer 12
Online and Mobile Banking
Online and Mobile Banking
Spend less time on your banking and always know where you stand, with online tools and services that give you quick and easy control over your money.
Go Paperless
Go Paperless
Save paper and time by switching to eStatements in the RBC Mobile app. Easily review and save your online statements directly from your device.
How to Open a Bank Account
How to Open a Student Bank Account
Opening a new bank account with RBC is simple. Here’s what you need to do:
Opening a new student bank account with RBC is simple. Here’s what you need to do:
Meet the eligibility requirements:
- Be the sole applicant opening the account for yourself.
- Be at least 13 years old, or 14 if you live in Quebec.
- Reside in Canada and have a Canadian address.
- Prepare for 1 piece of government issued photo ID (Driver’s license or passport)
- Provide one piece of government issued photo ID.
New to Canada? Your passport works (bring original documents, not photocopies).
- Ages 13+ (14+ in QC)
- Full-time student and/or age 24 and younger3
- Valid government-issued photo ID
Select the type of account you’d like to open
- Consider a chequing account or a savings account
- You can also research different types of accounts to learn more about fees or special offers
- Start with a chequing account for your everyday banking.
- You can also research different types of accounts to learn more about fees or special offers
Open no monthly fee for your first year with the RBC Advantage Banking Account22
We will consider you a newcomer for 5 years after your arrival as a permanent resident, international student, or temporary foreign worker
Choose how to open
- Open a bank account online or in the RBC Mobile1 app
- Call us at 1 800 769-2561
- Already an RBC client - book an appointment
To open an account using the RBC Mobile app you must be:
- Age 13+ (14+ in QC)
- A full-time student and/or age 24 and younger3
- Able to provide a valid government-issued photo ID (e.g. passport or driver’s licence; proof of enrolment may be required if you’re 25 and older)
- Opening a sole account in your own name
- Living in Canada
Get the RBC Mobile App:
Or text “RBC” to 722722 and we’ll send you the link.
To open an account online you must be:
- Age 13+ (14+ in QC)
- A full-time student and/or age 24 and younger3
- Able to provide a valid government-issued photo ID (e.g. passport or driver’s licence; proof of enrolment may be required if you’re 25 and older)
- Opening a sole account in your own name
- Living in Canada
If you don’t meet these requirements or are opening an account on behalf of a full-time student, you can visit a branch or call 1-866-583-9122 to book an appointment with our RBC Advisors.
Open a No Monthly Fee RBC Advantage Banking Account for Students and Get AirPods 4legal bug †
Sign all account open documents
- Set up your Client Card PIN and Online/Mobile Banking password
Receive an email confirmation of the application result
- If your account is opened successfully, you will get the confirmation and you can start using it right away
- Your physical card should arrive in 7-10 business days
Support Built for Newcomers
Settling into a new country is easier with people in your corner.
Advice from people who’ve been there
Many RBC advisors came to Canada as newcomers themselves. Meet by phone, video or in-person - on your schedule and in your language.
Connect with Advisors
Perks Beyond Banking
Enjoy Special Savings and Services from RBC and Our Partners. Unlock newcomer benefits when you join RBC and earn Avion pointslegal disclaimer 19 when you enrol your eligible RBC bank accountlegal disclaimer 10 in the Vantage Value Program
Advice & Workshops
RBC is Canada’s largest banklegal disclaimer 25, serving newcomers for 150+ years. We offer engaging seminars and workshops on everything from budgeting to career advice. Many events are virtual and can be enjoyed from the comfort of your own home.
Sign up Today
Unlock More From Your Everyday Banking
With RBC Vantage, you can unlock rewards, savings, insights and more with any eligible bank account
legal disclaimer 12
legal disclaimer 20
legal disclaimer 20
legal disclaimer 11
legal disclaimer 13
.
Only at RBC.
Get 3x25 Canadian Tire Money®
on eligible purchases when you Link, Scan & Pay with RBC and Triangle Rewards® at Canadian Tire, Sport Chek, Mark’s, and more
Avion Points
Now you can get rewarded for the things you do every day. Earn Avion points on your online and in-store debit purchases.legal disclaimer 13
Card Lock
Easily lock a misplaced debit or credit card in the RBC Mobile legal disclaimer 17 legal disclaimer 12 legal disclaimer 14 app. Unlock it just as fast.
Split with Friends
A fast and simple way to manage shared expenses with your social circle.legal disclaimer 15
Get 3x23 Canadian Tire Money®
on eligible purchases when you Link, Scan & Pay with RBC and Triangle Rewards® at Canadian Tire, Sport Chek, Mark’s, and more
FREE Interaclegal disclaimer ‡
e-Transfer transactionslegal disclaimer 3, legal disclaimer 7
Send money through Online Banking or the RBC Mobile app, quickly and securely.
No RBC Fee to use other
banks’ ATMs in Canadalegal disclaimer 11
Need some cash quick and you're not near an RBC ATM? Students pay no RBC fee to use another bank’s ATM in Canada.
RBC Offers
Offers from the brands you love
Load available offers to your eligible RBC debit card and get rewarded with personalized offers from popular brands.legal disclaimer 13
Vantage Snapshot
Keep track of the benefits you get with an eligible RBC bank account using the RBC Mobile app.legal disclaimer 12
Get 3x21 Canadian Tire Money®
on eligible purchases when you Link, Scan & Pay with RBC and Triangle Rewards® at Canadian Tire, Sport Chek, Mark’s, and more
No RBC Fee to use other
banks’ ATMs in Canadalegal disclaimer 12
Need some cash quick and you're not near an RBC ATM? Students pay no RBC fee to use another bank’s ATM in Canada.
Avion Points
Now you can get rewarded for the things you do every day. Earn Avion points on your online and in-store debit purchases.legal disclaimer 13
FREE Interaclegal disclaimer ‡
e-Transfer transactionslegal disclaimer 2, legal disclaimer 7
Send money through Online Banking or the RBC Mobile app, quickly and securely.
Get 3x24 Canadian Tire Money®
on eligible purchases when you Link, Scan & Pay with RBC and Triangle Rewards® at Canadian Tire, Sport Chek, Mark’s, and more
FREE Interaclegal disclaimer ‡
e-Transfer transactionslegal disclaimer 3
Send money through Online Banking or the RBC Mobile app, quickly and securely.
No RBC Fee to use other
banks’ ATMs in Canadalegal disclaimer 2
Need some cash quick and you're not near an RBC ATM? Newcomers pay no RBC fee to use another bank’s ATM in Canada.
Avion Points
Now you can get rewarded for the things you do every day. Earn Avion points on your online and in-store debit purchases.legal disclaimer 11
Avion Points
Now you can get rewarded for the things you do every day. Earn Avion points on your online and in-store debit purchases.legal disclaimer 14
Card Lock
Easily lock a misplaced debit or credit card in the RBC Mobile legal disclaimer 17 legal disclaimer 12 legal disclaimer 14 app. Unlock it just as fast.
Split with Friends
A fast and simple way to manage shared expenses with your social circle.legal disclaimer 8
Unlock More From Your Everyday Banking
With RBC Vantage, you can unlock rewards, savings, insights and more with any eligible bank account
legal disclaimer 12
legal disclaimer 20
legal disclaimer 20
legal disclaimer 11
legal disclaimer 13
.
Only at RBC.
Get 3x25 Canadian Tire Money®
on eligible purchases when you Link, Scan & Pay with RBC and Triangle Rewards® at Canadian Tire, Sport Chek, Mark’s, and more.
Avion Points
Now you can get rewarded for the things you do every day. Earn Avion points on your online and in-store debit purchases.legal disclaimer 13
Card Lock
Easily lock a misplaced debit or credit card in the RBC Mobile legal disclaimer 17 legal disclaimer 12 legal disclaimer 14 app. Unlock it just as fast.
Split with Friends
A fast and simple way to manage shared expenses with your social circle.legal disclaimer 15
Get 3x23 Canadian Tire Money®
on eligible purchases when you Link, Scan & Pay with RBC and Triangle Rewards® at Canadian Tire, Sport Chek, Mark’s, and more.
FREE Interaclegal disclaimer ‡
e-Transfer transactionslegal disclaimer 3, legal disclaimer 7
Send money through Online Banking or the RBC Mobile app, quickly and securely.
No RBC Fee to use other banks’ ATMs in Canadalegal disclaimer 11
Need some cash quick and you're not near an RBC ATM? Students pay no RBC fee to use another bank’s ATM in Canada.
RBC Offers
Offerslegal disclaimer 13 from the brands you love
Load available offers to your eligible RBC debit card and get rewarded with personalized offers from popular brands.
Vantage Snapshot
Keep track of the benefits you get with an eligible RBC bank account using the RBC Mobile app.legal disclaimer 12
Get 3x21 Canadian Tire Money®
on eligible purchases when you Link, Scan & Pay with RBC and Triangle Rewards® at Canadian Tire, Sport Chek, Mark’s, and more.
No RBC Fee to use other banks’ ATMs in Canadalegal disclaimer 12
Need some cash quick and you're not near an RBC ATM? Students pay no RBC fee to use another bank’s ATM in Canada.
Avion Points
Now you can get rewarded for the things you do every day. Earn Avion points on your online and in-store debit purchases.legal disclaimer 13
FREE Interaclegal disclaimer ‡
e-Transfer transactionslegal disclaimer 2, legal disclaimer 7
Send money through Online Banking or the RBC Mobile app, quickly and securely.
Get 3x24 Canadian Tire Money®
on eligible purchases when you Link, Scan & Pay with RBC and Triangle Rewards® at Canadian Tire, Sport Chek, Mark’s, and more.
FREE Interaclegal disclaimer ‡
e-Transfer transactionslegal disclaimer 3
Send money through Online Banking or the RBC Mobile app, quickly and securely.
No RBC Fee to use other banks’ ATMs in Canadalegal disclaimer 2
Need some cash quick and you're not near an RBC ATM? Newcomers pay no RBC fee to use another bank’s ATM in Canada.
Avion Points
Now you can get rewarded for the things you do every day. Earn Avion points on your online and in-store debit purchases.legal disclaimer 11
Avion Points
Now you can get rewarded for the things you do every day. Earn Avion points on your online and in-store debit purchases.legal disclaimer 14
Card Lock
Easily lock a misplaced debit or credit card in the RBC Mobile legal disclaimer 17 legal disclaimer 12 legal disclaimer 14 app. Unlock it just as fast.
Split with Friends
A fast and simple way to manage shared expenses with your social circle.legal disclaimer 8
Get more from your everyday banking Award-Winning Banking, Trusted by Newcomers
Get more from your everyday banking Award-Winning Banking, Trusted by Newcomers
RBC was awarded Best Bank in Canada for 2025 & 2026 by Global Finance.
Compare Chequing Account Features
Explore the features and benefits of each account and easily apply for it online or in the RBC Mobile app.
New to Canada? We Have Offers for Newcomers
As a newcomer to Canada, you can enjoy a range of benefits when you open an account.
Top Bank Account Questions
Top Bank Account Questions
There are three ways you can open a personal bank account at RBC:
- Choose your account and then apply online or in the RBC Mobile legal disclaimer 17 legal disclaimer 12 legal disclaimer 14 app
- visit a branchOpens in new window
- Call 1 800 769-25611 800 769-2561 (lines are open 24/7)
At RBC, we offer two types of personal bank accounts. Our chequing accounts are useful for your everyday banking—like paying bills and making purchases. Our savings accounts are ideal for money you don’t need to access every day. We also offer a range of business accounts.
To open an RBC bank account, you’ll need:
-
Proof of ID—for example, a driver’s licence or passport
Note: If you apply to open an account online, you may need to visit a branchOpens in new window to verify your identity. You may be able to open select accounts using your passport or driver’s licence in the RBC Mobile legal disclaimer 17 legal disclaimer 12 legal disclaimer 14 app. - To provide details including your name, address, email, date of birth, employment (or student status) and residency for tax purposes
There is no minimum balance required to open an RBC bank account.
Yes, you can apply to open most RBC bank accounts online or in the RBC Mobile legal disclaimer 17 legal disclaimer 12 legal disclaimer 14 app if you meet these requirements:
- You are 18 years of age or the age of majority in your province. (Full-time students age 13+ (or 14+ in Quebec) with a valid passport can also apply to open an RBC Advantage Banking for students account through the RBC Mobile app.)
- You are opening a sole account in your own name. If you’re opening an account for someone else, you’ll need to visit a branchOpens in new window.
- You are living in Canada.
If you do not meet these requirements, please call 1 800 769-25611 800 769-2561 to book an appointment or visit a branchOpens in new window near you.
To be considered a full-time student, you must attend a primary or secondary school or be enrolled in a program at the post-secondary level at a college, university or other educational institution (whether in Canada or not). If you are a post-secondary student, you must take at least 60% of the usual course load for the program in which you are enrolled in any particular semester. Proof of enrollment may be requested at our discretion.
A student bank account is a type of chequing account designed specifically for students, offering extra features and benefits that support their financial needs. The RBC Advantage Banking account provides students with no monthly fee and several other helpful perks.
Upon the graduation date you provided when you opened your RBC Advantage Banking Account for students and you are above the age of 25, your monthly fee waiver for full-time students will expire and you’ll be charged the monthly fee for the RBC Advantage Banking account. However, you may be able to qualify for a monthly fee rebate through the Value Program and could pay as little as $0 per month for your account.
Full-time students, including students ages 13+ can open an RBC Advantage Banking Account for students and enjoy unlimited debits in Canada and other great benefits for no monthly fee. Other fees may apply.
To open an RBC Advantage Banking Account for students, you need to be 13+, meet our requirements for a full-time student and provide proof of ID when you apply (for example, a valid driver’s licence or passport).
To be considered a full-time student, you must attend a primary or secondary school or be enrolled in a program at the post-secondary level at a college, university or other educational institution (whether in Canada or not). If you are a post-secondary student, you must take at least 60% of the usual course load for the program in which you are enrolled in any semester. Proof of enrolment may be requested at our discretion.
Yes. You can apply to open an RBC Advantage Banking Account for students online if you are:
- Ages 13+ (14+ in QC)
- A full-time student and/or age 24 and younger3
- Able to provide a valid government-issued photo ID (e.g. passport or driver’s licence; proof of enrolment may be required if you’re 25 and older)
- Opening a sole account in your own name
- Living in Canada
If you are opening an account on behalf of a full-time student, please visit a branch to open an account.
Yes, international students living in Canada can open a bank account in Canada. At RBC, you can open an RBC Advantage Banking Account for students if you meet our definition of a full-time student and reside in Canada at the time you open the account. Learn more about opening a bank account as an international student.
When you have an RBC bank account, you can request a Virtual Visa Debit card, which you can use to make safe, online purchases using the money in your primary chequing account. Simply use the RBC Mobile app, give us a call, or visit a branch to activate yours today.
The RBC Virtual Visa Debit card is a free card linked to your chequing account. You can use it to shop online and in-app wherever Visa is accepted. Add it to your mobile wallet for faster checkout, easy in-app payments, and to pay bills or subscriptions like streaming and utilities.
To activate it using the RBC Mobile app:
- Download the RBC Mobile app and sign in using your Client Card number and password
- Select your primary chequing account, and select the Manage Card page
- Choose ‘Activate your Virtual Visa Debit’ or ‘View Virtual Visa Debit’
- Follow the prompts to activate/view your Virtual Visa Debit card
Visit RBC Virtual Visa Debit for more information.
You must have a valid passport and one of the following documents, depending on your status:
Permanent Residents- Confirmation of Canadian Permanent Residence (IMM 5292 / 5688)
- Canadian Permanent Resident Card
- Canadian Record of Landing (IMM 1000)
- IRCC Confirmation of Permanent Residence Document (must not be expired)
- IRCC Acknowledgment Letter (with application number)
- IRCC Port of Entry Letter of Introduction (must not be expired)
- Canadian Record of Landing (IMM 1000)
- Canadian Work Permit (IMM 1442)
- lRCC Acknowledgment Letter (with application number)
- IRCC Port of Entry Letter of Introduction (must not be expired)
- Canadian Record of Landing (IMM 1000)
- Student Permit (IMM 1442)
- IRCC Acknowledgment Letter (with application number)
- IRCC Port of Entry Letter of Introduction (must not be expired)
- Letter of Acceptance or Confirmation of Enrolment letter from a Canadian educational institution
- Must include expected enrolment date
- Cannot be from a past academic year
- Deed of Title, or
- Current-year property tax assessment, or
- Title search completed within the last 90 days
Yes, you can open a Canadian bank account through RBC before arriving in Canada. This lets you set up your account online and transfer money ahead of time, so you can access funds as soon as you arrive.
No. You don’t need a Canadian credit history to open a bank account. And if you’re a newcomer, you may be eligible for an RBC credit card without a credit historylegal disclaimer 2, subject to eligibility* and credit criteria. Using your credit card responsibly can then help you start building your credit history in Canada.
A chequing account is a good place to start. It’s designed for everyday banking, such as paying bills, making purchases and accessing your money.
With RBC Newcomer Advantage, eligible newcomers can open an RBC Advantage Banking Account and pay no monthly fee for the first year. It includes unlimited debit transactions, free Interac e-Transferslegal disclaimer 3,legal disclaimer 4, and no RBC fee to use another bank’s ATM in Canada. You can also access other newcomer benefits, including an RBC credit card with a limit of up to $15,000legal disclaimer * limit with no Canadian credit history required, and $0 transfer fees on International Money Transferslegal disclaimer 14,legal disclaimer 15
Yes, you can have more than one bank account at RBC—and you can also open an RBC bank account if you have an account at another financial institution. For example, many people complement the chequing account they use for their everyday banking needs with a savings account. Explore all bank accounts to see what’s right for you.
Yes, new and existing RBC clients can open bank accounts in the RBC Mobile legal disclaimer 17 legal disclaimer 12 legal disclaimer 14 app within 5-10 minutes. If you are new to RBC, you’ll need:
- To be at least 13 years of age (14 in Quebec)
- A valid Canadian driver’s licence or passport (Canadian or foreign)
- To be living in Canada
If you would like to switch from one RBC bank account to a different RBC bank account that better fits your needs, visit a branchOpens in new window to talk to an advisor or call us at 1 800 769-25611 800 769-2561 (lines are open 24/7). Explore chequing accounts or savings accounts now.
RBC Vantage is the way we describe all of the powerful benefits you can get just by having an eligible RBC bank account. There is no additional cost to enjoy these benefits—and you don’t need a minimum balance.
Here are just a few ways you can take advantage of these benefits:
- Earn Avion points with an eligible bank account by enrolling your account in the Value Program and making debit purchases in-store or online using your enrolled account. legal disclaimer 13 legal disclaimer 15 legal disclaimer 12 legal disclaimer 14
- Save on monthly fees when you enrol your account in the Value Program, have two (2) or more additional eligible RBC product categories, and complete at least one (1) account activity each month (direct deposit, an eligible bill payment, or a pre-authorized payment) for each enrolled account. legal disclaimer 9 legal disclaimer 16 legal disclaimer 15 legal disclaimer 7 legal disclaimer 10
- Save 3¢/L on gas at Petro-Canada with every fill-up using your linked RBC card. legal disclaimer 14 legal disclaimer 17 legal disclaimer 16 legal disclaimer 15
- Load available offers to your eligible RBC debit card and start getting rewarded with offers from popular brands. legal disclaimer 16 legal disclaimer 13 legal disclaimer 17
Both programs offer a monthly fee rebate for having an eligible RBC bank account and other eligible RBC products. However, the Value Program also gives you the ability to earn Avion points legal disclaimer 13 legal disclaimer 15 legal disclaimer 11 legal disclaimer 14 when you use your enrolled account to make in-store and online debit purchases. The Value Program also offers more ways to earn a monthly fee rebate. legal disclaimer 9 legal disclaimer 16 legal disclaimer 15 legal disclaimer 6 legal disclaimer 10
If you currently receive the MultiProduct Rebate legal disclaimer 19 legal disclaimer 18 legal disclaimer 17 on an account, but you do not complete at least 1 regular account activity each month (pre-authorized payment, direct deposit or bill payment), the Value Program may not be the right fit for you.
For help deciding between the MultiProduct Rebate and the Value Program, please book an appointment with an RBC advisor. You can also call us at 1 800 769-25111 800 769-2511 or visit a branchOpens in new window.
Note: MultiProduct Rebate is only available to bank accounts opened prior to the date on which the Value Program became available to the Canadian public.
It depends on your needs. However, the RBC Advantage Banking for students account is most popular for students age 13+. If you’re a full-time student, you’ll get unlimited debits in Canada and more perks for no monthly fee.22,23
In most cases, you can open an RBC bank account online or in RBC Mobile legal disclaimer 17 legal disclaimer 12 legal disclaimer 14 app in approximately 10 minutes. You can also visit a branchOpens in new window to open your account.
Yes, non-residents living in Canada or planning to move to Canada can apply to open a Canadian bank account. Learn more about personal bank accounts for newcomers.
Avion Rewards gives you the opportunity to earn Avion points in many ways and the flexibility to redeem them for nearly endless options—travel the world, buy merchandise and gift cards from some of your favourite brands, pay down bills, invest in your future and much more.
There are several ways to earn points. For example, you can earn points when you make debit purchases with an eligible RBC bank account legal disclaimer 13 legal disclaimer 15 legal disclaimer 12 legal disclaimer 11 legal disclaimer 14 that is enrolled in the Value Program or when you make purchases with an Avion Rewards credit card.
Avion Rewards also gives you access to discounts, bonus points, special offers and savings you’ll only find at Canada’s largest bank-owned loyalty program.
Learn more about Avion Rewards.
The following RBC bank accounts are eligible to be enrolled in the Value Program:
- RBC Day to Day Banking
- RBC Advantage Banking (includes RBC Advantage Banking for students)
- RBC Signature No Limit Banking
- RBC VIP Banking
- RBC No Limit Banking (discontinued)
- RBC Student Banking (discontinued)
- RBC No Limit Banking for Students (discontinued)
- RBC Day to Day Savings
- RBC Enhanced Savings
- RBC High Interest eSavings
It depends on your needs. Our most popular savings account is the RBC High Interest eSavings account, which lets you earn high interest on every dollar5 with no minimum deposit required.
Yes, you can easily view your bank account balance online anytime via RBC Online Banking or the RBC Mobile17 app.
At RBC, there is no minimum balance required in your bank account.
There are three ways you can open a personal bank account at RBC:
- Choose your account and then apply online or in the RBC Mobile legal disclaimer 17 legal disclaimer 12 legal disclaimer 14 app
- visit a branchOpens in new window
- Call 1 800 769-25611 800 769-2561 (lines are open 24/7)
At RBC, we offer two types of personal bank accounts. Our chequing accounts are useful for your everyday banking—like paying bills and making purchases. Our savings accounts are ideal for money you don’t need to access every day. We also offer a range of business accounts.
To open an RBC bank account, you’ll need:
-
Proof of ID—for example, a driver’s licence or passport
Note: If you apply to open an account online, you may need to visit a branchOpens in new window to verify your identity. You may be able to open select accounts using your passport or driver’s licence in the RBC Mobile legal disclaimer 17 legal disclaimer 12 legal disclaimer 14 app. - To provide details including your name, address, email, date of birth, employment (or student status) and residency for tax purposes
There is no minimum balance required to open an RBC bank account.
Yes, you can apply to open most RBC bank accounts online or in the RBC Mobile legal disclaimer 17 legal disclaimer 12 legal disclaimer 14 app if you meet these requirements:
- You are 18 years of age or the age of majority in your province. (Full-time students age 13+ (or 14+ in Quebec) with a valid passport can also apply to open an RBC Advantage Banking for students account through the RBC Mobile app.)
- You are opening a sole account in your own name. If you’re opening an account for someone else, you’ll need to visit a branchOpens in new window.
- You are living in Canada.
If you do not meet these requirements, please call 1 800 769-25611 800 769-2561 to book an appointment or visit a branchOpens in new window near you.
To be considered a full-time student, you must attend a primary or secondary school or be enrolled in a program at the post-secondary level at a college, university or other educational institution (whether in Canada or not). If you are a post-secondary student, you must take at least 60% of the usual course load for the program in which you are enrolled in any particular semester. Proof of enrollment may be requested at our discretion.
Yes, you can have more than one bank account at RBC—and you can also open an RBC bank account if you have an account at another financial institution. For example, many people complement the chequing account they use for their everyday banking needs with a savings account. Explore all bank accounts to see what’s right for you.
Yes, new and existing RBC clients can open bank accounts in the RBC Mobile legal disclaimer 17 legal disclaimer 12 legal disclaimer 14 app within 5-10 minutes. If you are new to RBC, you’ll need:
- To be at least 13 years of age (14 in Quebec)
- A valid Canadian driver’s licence or passport (Canadian or foreign)
- To be living in Canada
If you would like to switch from one RBC bank account to a different RBC bank account that better fits your needs, visit a branchOpens in new window to talk to an advisor or call us at 1 800 769-25611 800 769-2561 (lines are open 24/7). Explore chequing accounts or savings accounts now.
RBC Vantage is the way we describe all of the powerful benefits you can get just by having an eligible RBC bank account. There is no additional cost to enjoy these benefits—and you don’t need a minimum balance.
Here are just a few ways you can take advantage of these benefits:
- Earn Avion points with an eligible bank account by enrolling your account in the Value Program and making debit purchases in-store or online using your enrolled account. legal disclaimer 13 legal disclaimer 15 legal disclaimer 12 legal disclaimer 14
- Save on monthly fees when you enrol your account in the Value Program, have two (2) or more additional eligible RBC product categories, and complete at least one (1) account activity each month (direct deposit, an eligible bill payment, or a pre-authorized payment) for each enrolled account. legal disclaimer 9 legal disclaimer 16 legal disclaimer 15 legal disclaimer 7 legal disclaimer 10
- Save 3¢/L on gas at Petro-Canada with every fill-up using your linked RBC card. legal disclaimer 14 legal disclaimer 17 legal disclaimer 16 legal disclaimer 15
- Load available offers to your eligible RBC debit card and start getting rewarded with offers from popular brands. legal disclaimer 16 legal disclaimer 13 legal disclaimer 17
Both programs offer a monthly fee rebate for having an eligible RBC bank account and other eligible RBC products. However, the Value Program also gives you the ability to earn Avion points legal disclaimer 13 legal disclaimer 15 legal disclaimer 11 legal disclaimer 14 when you use your enrolled account to make in-store and online debit purchases. The Value Program also offers more ways to earn a monthly fee rebate. legal disclaimer 9 legal disclaimer 16 legal disclaimer 15 legal disclaimer 6 legal disclaimer 10
If you currently receive the MultiProduct Rebate legal disclaimer 19 legal disclaimer 18 legal disclaimer 17 on an account, but you do not complete at least 1 regular account activity each month (pre-authorized payment, direct deposit or bill payment), the Value Program may not be the right fit for you.
For help deciding between the MultiProduct Rebate and the Value Program, please book an appointment with an RBC advisor. You can also call us at 1 800 769-25111 800 769-2511 or visit a branchOpens in new window.
Note: MultiProduct Rebate is only available to bank accounts opened prior to the date on which the Value Program became available to the Canadian public.
It depends on your needs. However, the RBC Advantage Banking for students account is most popular for students age 13+. If you’re a full-time student, you’ll get unlimited debits in Canada and more perks for no monthly fee.22,23
In most cases, you can open an RBC bank account online or in RBC Mobile legal disclaimer 17 legal disclaimer 12 legal disclaimer 14 app in approximately 10 minutes. You can also visit a branchOpens in new window to open your account.
Yes, non-residents living in Canada or planning to move to Canada can apply to open a Canadian bank account. Learn more about personal bank accounts for newcomers.
Avion Rewards gives you the opportunity to earn Avion points in many ways and the flexibility to redeem them for nearly endless options—travel the world, buy merchandise and gift cards from some of your favourite brands, pay down bills, invest in your future and much more.
There are several ways to earn points. For example, you can earn points when you make debit purchases with an eligible RBC bank account legal disclaimer 13 legal disclaimer 15 legal disclaimer 12 legal disclaimer 11 legal disclaimer 14 that is enrolled in the Value Program or when you make purchases with an Avion Rewards credit card.
Avion Rewards also gives you access to discounts, bonus points, special offers and savings you’ll only find at Canada’s largest bank-owned loyalty program.
Learn more about Avion Rewards.
The following RBC bank accounts are eligible to be enrolled in the Value Program:
- RBC Day to Day Banking
- RBC Advantage Banking (includes RBC Advantage Banking for students)
- RBC Signature No Limit Banking
- RBC VIP Banking
- RBC No Limit Banking (discontinued)
- RBC Student Banking (discontinued)
- RBC No Limit Banking for Students (discontinued)
- RBC Day to Day Savings
- RBC Enhanced Savings
- RBC High Interest eSavings
It depends on your needs. Our most popular savings account is the RBC High Interest eSavings account, which lets you earn high interest on every dollar5 with no minimum deposit required.
Yes, you can easily view your bank account balance online anytime via RBC Online Banking or the RBC Mobile17 app.
At RBC, there is no minimum balance required in your bank account.
Have more bank account questions? Search for an answer below.
- transactions that occur after you notify us that you believe that any of your Passwords may have become known by someone, or that you noticed unusual, suspicious or fraudulent activity on any of your Accounts;
- transactions where it can be shown that you have been a victim of fraud, theft or have been coerced by trickery, force or intimidation, so long as you report the incident to us immediately and cooperate and assist us fully in any investigation;
- transactions resulting from negligent conduct by us, our employees or Third-Party Service Providers;
- Interac Online Payment transactions resulting from negligent conduct by any Third Party participating in Interac Online Payment; and
- any failure, error, malfunction, or technical problem of our system or equipment or that of any Third-Party Service Provider or any Third Party participating in Interac Online Payment.
- you do not comply with any of your obligations under this Agreement or you do not comply with any instructions we may provide to you in connection with Digital Banking or Mobile Payments;
- you engage in any fraudulent, criminal or dishonest acts related to Digital Banking or Mobile Payments;
- you access Digital Banking or Mobile Payments via a Device that you know or reasonably should know contains software that has the ability to reveal or otherwise compromise any of your Passwords, Personal Verification Questions or an e-Transfer Question and Answer;
- you carry out the transaction, including if the transaction is a result of any mistake, error, omission, inaccuracy or other inadequacy of, or contained in any data or information that you give to us;
- you share any of your Passwords or Personal Verification Questions; or
- you consent to, contribute to or authorize a transaction in any way.
For full details regarding the protections and limitations of the RBC Digital Banking Security Guarantee, including your responsibilities in ensuring the safety and security of your transactions, please see your Electronic Access Agreement and your Opens PDF in new windowClient Card Agreement for personal banking clients, and the Opens PDF in new windowMaster Client Agreement for business clients. This guarantee is given by Royal Bank of Canada in connection with its Online and Mobile Banking services. Formerly known as the RBC Online Banking Security Guarantee.
Eligibility criteria for an Offer: (a) is determined by RBC, (b) may vary depending on the offer, and (c) may be based on the client’s preferences and account status. Eligible clients will refer to the terms and conditions applicable to each specific Offer for more details.
- transactions that occur after you notify us that you believe that any of your Passwords may have become known by someone, or that you noticed unusual, suspicious or fraudulent activity on any of your Accounts;
- transactions where it can be shown that you have been a victim of fraud, theft or have been coerced by trickery, force or intimidation, so long as you report the incident to us immediately and cooperate and assist us fully in any investigation;
- transactions resulting from negligent conduct by us, our employees or Third-Party Service Providers;
- Interac Online Payment transactions resulting from negligent conduct by any Third Party participating in Interac Online Payment; and
- any failure, error, malfunction, or technical problem of our system or equipment or that of any Third-Party Service Provider or any Third Party participating in Interac Online Payment.
- you do not comply with any of your obligations under this Agreement or you do not comply with any instructions we may provide to you in connection with Digital Banking or Mobile Payments;
- you engage in any fraudulent, criminal or dishonest acts related to Digital Banking or Mobile Payments;
- you access Digital Banking or Mobile Payments via a Device that you know or reasonably should know contains software that has the ability to reveal or otherwise compromise any of your Passwords, Personal Verification Questions or an e-Transfer Question and Answer;
- you carry out the transaction, including if the transaction is a result of any mistake, error, omission, inaccuracy or other inadequacy of, or contained in any data or information that you give to us;
- you share any of your Passwords or Personal Verification Questions; or
- you consent to, contribute to or authorize a transaction in any way.
For full details regarding the protections and limitations of the RBC Digital Banking Security Guarantee, including your responsibilities in ensuring the safety and security of your transactions, please see your Electronic Access Agreement and your Opens PDF in new windowClient Card Agreement for personal banking clients, and the Opens PDF in new windowMaster Client Agreement for business clients. This guarantee is given by Royal Bank of Canada in connection with its Online and Mobile Banking services. Formerly known as the RBC Online Banking Security Guarantee.
When you use your Client Card to make a withdrawal in a currency other than Canadian dollars at an ATM outside Canada displaying the PLUS system symbol, we will convert the amounts withdrawn and any associated charges imposed by any third party for the use of the ATM to Canadian dollars when we deduct the funds from your Account. We will convert these amounts to Canadian dollars no later than the date we post the transaction to your Account at our exchange rate, which is 2.5% over a benchmark rate set by Visa International, a subsidiary of Visa Inc., and which Royal Bank of Canada pays on the date of conversion. This rate may be different from the rate in effect on the date your ATM withdrawal occurred or on the date of the transaction.
Student Edition is intended for clients under the age of 22. RBC Online Banking is operated by Royal Bank of Canada.
Eligibility criteria for an Offer: (a) is determined by RBC, (b) may vary depending on the offer, and (c) may be based on the client’s preferences and account status. Eligible clients will refer to the terms and conditions applicable to each specific Offer for more details.
Each time you use your linked RBC Card to pay for qualifying purchases at a Petro-Canada location, you will earn a bonus of twenty percent (20%) more Petro-Points than you normally earn, in accordance with the Petro-Points terms and conditions available at www.petro-canada.ca/en/personal/terms-conditions. Petro-Points are not awarded on tobacco products, vaping products, gift cards, transit tickets and taxes on non-petroleum purchases.
To get $50 worth of gift cards/certificates, you will need a total of 7,000 Avion points. Minimum redemption of 1,400 Avion points for most $10 gift cards/certificates. Some exceptions apply. Point redemption values may fluctuate. For general redemption terms, conditions and restrictions that apply to the Avion Rewards program, as well as for current point redemption values, please visit https://www.avionrewards.com/terms-and-conditions.html or call 1-800-769-2512.
Clients must be 14 years of age or older and have an active personal, Canadian dollar deposit account and an active RBC Royal Bank Client Card in order to receive a Virtual Visa Debit Number. RBC Virtual Visa Debit is not available to business clients.
- transactions that occur after you notify us that you believe that any of your Passwords may have become known by someone, or that you noticed unusual, suspicious or fraudulent activity on any of your Accounts;
- transactions where it can be shown that you have been a victim of fraud, theft or have been coerced by trickery, force or intimidation, so long as you report the incident to us immediately and cooperate and assist us fully in any investigation;
- transactions resulting from negligent conduct by us, our employees or Third-Party Service Providers;
- Interac Online Payment transactions resulting from negligent conduct by any Third Party participating in Interac Online Payment; and
- any failure, error, malfunction, or technical problem of our system or equipment or that of any Third-Party Service Provider or any Third Party participating in Interac Online Payment.
- you do not comply with any of your obligations under this Agreement or you do not comply with any instructions we may provide to you in connection with Digital Banking or Mobile Payments;
- you engage in any fraudulent, criminal or dishonest acts related to Digital Banking or Mobile Payments;
- you access Digital Banking or Mobile Payments via a Device that you know or reasonably should know contains software that has the ability to reveal or otherwise compromise any of your Passwords, Personal Verification Questions or an e-Transfer Question and Answer;
- you carry out the transaction, including if the transaction is a result of any mistake, error, omission, inaccuracy or other inadequacy of, or contained in any data or information that you give to us;
- you share any of your Passwords or Personal Verification Questions; or
- you consent to, contribute to or authorize a transaction in any way.
For full details regarding the protections and limitations of the RBC Digital Banking Security Guarantee, including your responsibilities in ensuring the safety and security of your transactions, please see your Electronic Access Agreement and your Opens PDF in new windowClient Card Agreement for personal banking clients, and the Opens PDF in new windowMaster Client Agreement for business clients. This guarantee is given by Royal Bank of Canada in connection with its Online and Mobile Banking services. Formerly known as the RBC Online Banking Security Guarantee.
When you use your Client Card to make a withdrawal in a currency other than Canadian dollars at an ATM outside Canada displaying the PLUS system symbol, we will convert the amounts withdrawn and any associated charges imposed by any third party for the use of the ATM to Canadian dollars when we deduct the funds from your Account. We will convert these amounts to Canadian dollars no later than the date we post the transaction to your Account at our exchange rate, which is 2.5% over a benchmark rate set by Visa International, a subsidiary of Visa Inc., and which Royal Bank of Canada pays on the date of conversion. This rate may be different from the rate in effect on the date your ATM withdrawal occurred or on the date of the transaction.
Each time you use your linked RBC Card to pay for qualifying purchases at a Petro-Canada location, you will earn a bonus of twenty percent (20%) more Petro-Points than you normally earn, in accordance with the Petro-Points terms and conditions available at www.petro-canada.ca/en/personal/terms-conditions. Petro-Points are not awarded on tobacco products, vaping products, gift cards, transit tickets and taxes on non-petroleum purchases.
- transactions that occur after you notify us that you believe that any of your Passwords may have become known by someone, or that you noticed unusual, suspicious or fraudulent activity on any of your Accounts;
- transactions where it can be shown that you have been a victim of fraud, theft or have been coerced by trickery, force or intimidation, so long as you report the incident to us immediately and cooperate and assist us fully in any investigation;
- transactions resulting from negligent conduct by us, our employees or Third-Party Service Providers;
- Interac Online Payment transactions resulting from negligent conduct by any Third Party participating in Interac Online Payment; and
- any failure, error, malfunction, or technical problem of our system or equipment or that of any Third-Party Service Provider or any Third Party participating in Interac Online Payment.
- you do not comply with any of your obligations under this Agreement or you do not comply with any instructions we may provide to you in connection with Digital Banking or Mobile Payments;
- you engage in any fraudulent, criminal or dishonest acts related to Digital Banking or Mobile Payments;
- you access Digital Banking or Mobile Payments via a Device that you know or reasonably should know contains software that has the ability to reveal or otherwise compromise any of your Passwords, Personal Verification Questions or an e-Transfer Question and Answer;
- you carry out the transaction, including if the transaction is a result of any mistake, error, omission, inaccuracy or other inadequacy of, or contained in any data or information that you give to us;
- you share any of your Passwords or Personal Verification Questions; or
- you consent to, contribute to or authorize a transaction in any way.
For full details regarding the protections and limitations of the RBC Digital Banking Security Guarantee, including your responsibilities in ensuring the safety and security of your transactions, please see your Electronic Access Agreement and your Opens PDF in new windowClient Card Agreement for personal banking clients, and the Opens PDF in new windowMaster Client Agreement for business clients. This guarantee is given by Royal Bank of Canada in connection with its Online and Mobile Banking services. Formerly known as the RBC Online Banking Security Guarantee.
Eligibility criteria for an Offer: (a) is determined by RBC, (b) may vary depending on the offer, and (c) may be based on the client’s preferences and account status. Eligible clients will refer to the terms and conditions applicable to each specific Offer for more details.
You must apply for the RBC Cash Back Mastercard by October 31, 2026, at an RBC Royal Bank branch, and be approved by us. You will earn an additional $10.00 back for every $100.00 (10% Cash Back Credit) in Net Purchases (including pre-authorized bill payments) charged on your RBC Cash Back Mastercard account within the first 3 months of account opening, up to a maximum total combined spend of $2,000 (“Welcome Bonus”). Thereafter, the standard Cash Back Credit earn rates of up to 2% on Grocery Store Purchases and up to 1% on other Net Purchases (that are not Grocery Store Purchases) apply. The Welcome Bonus is in addition to the standard Cash Back Credit earn rates. Cash Back Credits are not earned on cash advances (including 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 cash back credits earned by the amounts originally charged. The Welcome Bonus will appear on your next monthly statement after it was earned, and will be credited as set out in disclosure 35 (below). For complete details on the RBC Cash Back Program including standard earn rates and crediting of Cash Back Rewards, please refer to the RBC Cash Back Program Terms and Conditions at www.rbc.com/cashbackterms. Offer applies to new RBC Cash Back Mastercard accounts only.
One offer per eligible account. Existing cardholders of any RBC personal credit card, applying for or transferring to an RBC Cash Back Mastercard card, are not eligible for this offer. This offer may not be combined or used in conjunction with any other offer except as otherwise set out. Royal Bank of Canada reserves the right to modify, cancel or withdraw this offer at any time. This offer may be revoked at any time if we suspect you may be manipulating or abusing it, or engaging in any suspicious or fraudulent activity, as determined by Royal Bank of Canada in its sole discretion.
- transactions that occur after you notify us that you believe that any of your Passwords may have become known by someone, or that you noticed unusual, suspicious or fraudulent activity on any of your Accounts;
- transactions where it can be shown that you have been a victim of fraud, theft or have been coerced by trickery, force or intimidation, so long as you report the incident to us immediately and cooperate and assist us fully in any investigation;
- transactions resulting from negligent conduct by us, our employees or Third-Party Service Providers;
- Interac Online Payment transactions resulting from negligent conduct by any Third Party participating in Interac Online Payment; and
- any failure, error, malfunction, or technical problem of our system or equipment or that of any Third-Party Service Provider or any Third Party participating in Interac Online Payment.
- you do not comply with any of your obligations under this Agreement or you do not comply with any instructions we may provide to you in connection with Digital Banking or Mobile Payments;
- you engage in any fraudulent, criminal or dishonest acts related to Digital Banking or Mobile Payments;
- you access Digital Banking or Mobile Payments via a Device that you know or reasonably should know contains software that has the ability to reveal or otherwise compromise any of your Passwords, Personal Verification Questions or an e-Transfer Question and Answer;
- you carry out the transaction, including if the transaction is a result of any mistake, error, omission, inaccuracy or other inadequacy of, or contained in any data or information that you give to us;
- you share any of your Passwords or Personal Verification Questions; or
- you consent to, contribute to or authorize a transaction in any way.
For full details regarding the protections and limitations of the RBC Digital Banking Security Guarantee, including your responsibilities in ensuring the safety and security of your transactions, please see your Electronic Access Agreement and your Opens PDF in new windowClient Card Agreement for personal banking clients, and the Opens PDF in new windowMaster Client Agreement for business clients. This guarantee is given by Royal Bank of Canada in connection with its Online and Mobile Banking services. Formerly known as the RBC Online Banking Security Guarantee.
Each time you use your linked RBC Card to pay for qualifying purchases at a Petro-Canada location, you will earn a bonus of twenty percent (20%) more Petro-Points than you normally earn, in accordance with the Petro-Points terms and conditions available at www.petro-canada.ca/en/personal/terms-conditions. Petro-Points are not awarded on tobacco products, vaping products, gift cards, transit tickets and taxes on non-petroleum purchases.
Eligibility criteria for an Offer: (a) is determined by RBC, (b) may vary depending on the offer, and (c) may be based on the client’s preferences and account status. Eligible clients will refer to the terms and conditions applicable to each specific Offer for more details.
Right Account Guarantee
Whether you're looking for an all-inclusive banking package or a simple day-to-day account, we have the right one for you. Our suite of accounts has been specifically designed to meet our clients' wide range of banking needs, so we're confident you'll find the one that fits you best. In fact, we're so confident that you'll be happy with your new account that if you're not satisfied with it, we'll give you your money back*.
If you open or upgrade to an eligible* RBC banking account and you're not completely satisfied with it, we will refund your monthly fees for up to 3 months.
*Eligible accounts include: RBC VIP Banking, RBC Signature No Limit Banking, RBC Advantage Banking, RBC Advantage Banking for students, RBC Day to Day Banking account. You must close the account and apply for the refund or switch to another account within 4 months of account opening or upgrade. Offer limited to one account opening or upgrade per customer per calendar year. Offer may be withdrawn at any time without notice.