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RBC Advantage Banking for students
Monthly Fee: $0
Features At-a-Glance
No monthly fee for full-time studentslegal bug 3
Pay $0/month for your account
Unlimited debit transactions in Canada
FREE Interaclegal bug ‡ e-Transfer transactions legal bug 4, legal bug 5
No RBC fee to use another bank’s ATM in Canadalegal bug 6,legal bug 7
Up to $48 rebate on the annual fee of an eligible credit cardlegal bug 8
An app built for you—RBC Mobile Student Editionlegal bug 9
Tap to pay with your mobile phone
Virtual Visa Debitlegal bug 10 for safe online shopping
No monthly fee for full-time studentslegal bug 3
Pay $0/month for your account
Tap, click and swipe as much as you want
Unlimited debit transactions in Canada
FREE Interaclegal bug ‡ e-Transfer transactions legal bug 4, legal bug 5
No RBC fee to use another bank’s ATM in Canadalegal bug 6,legal bug 7
Up to $39 rebate on the annual fee of an eligible credit cardlegal bug 8
An app built for you—RBC Mobile Student Editionlegal bug 9
Tap to pay with your mobile phone
Virtual Visa Debitlegal bug 10 for safe online shopping
Other Features Included in this Account
| Avion Pointslegal bug 11 | Enrol your account in the Value Program to get a minimum of 1 Avion point for every $10 you spend in-store and online using your enrolled account. |
| Online, Mobile and Telephone Banking | FREE |
| eStatements or Monthly Paper Statements | FREE |
| Non-Sufficient Funds (NSF) Fee | 1 NSF fee rebated every calendar year legal bug 15 |
| Personalized Cheques | 1 book of 50 cheques FREE, afterwards fees applylegal bug 16 |
Optional Services
| Using a PLUS System ATM in Canada or the U.S. legal bug 6 | $3 each |
| Using a PLUS System ATM Outside Canada or the U.S.legal bug 6,legal bug 7 | $5 each |
| Cross-Border Debitslegal bug 17 | $1 each |
| Overdraft Protectionlegal bug 18 | $5/month, plus overdraft interest (if used) |
| Safe Deposit Box | Regular fees apply |
| Bank Drafts | $9.95 each |
For details about other services, see additional account services.
Unlock powerful benefits with RBC Vantage every day. Only at RBC.
Rewards, savings, and more with a student bank account.
See all your cost savings and rewards—in one place.
Keep track of the benefits you get with an eligible RBC bank account using the Vantage Snapshot in the RBC Mobile app.
Never worry about a lost card.
Easily lock a misplaced debit or credit card in the RBC Mobilelegal bug 13 app. Unlock it just as fast.
Check your credit score for free.
Easily access your credit scorelegal bug 19 in RBC Online Bankinglegal bug 20 without impacting your credit rating.
Get a head start on investing.
Pay no management fees when you open an RBC Direct Investing account as a student.legal bug 21
See more of your favourite events.
Receive exclusive access and ticket discounts to see some of your favourite artists, sporting events and performances.
Safely shop online.
With Virtual Visa Debitlegal bug 10, you can make secure online purchases using the money in your bank account.
Get rewarded for the things you do every day
Now earn Avion points with a student account.legal bug 11
Get rewarded for the things you do every day
You can now earn Avion points when you enrol an eligible account in the Value Program and use your account to make debit purchases in-store or online.
legal bug 11
Combine points with those earned with your RBC ION credit card and redeem them for gift cards, to pay down your credit card balance and more!
Enjoy personalized offers from the brands you love
Simply load offers to an eligible RBC debit card.legal bug 12
Enjoy personalized offers from the brands you love
Start getting rewarded with offers from popular brands including Apple, Best Buy, Lyft, Door Dash, Rexall and more when you load available offers to your eligible RBC debit card. legal bug 12
Set money aside for savings with zero effort
Small amounts add up fast with NOMI Find & Save.legal bug 14
Set money aside for savings with zero effort
Available in the RBC Mobilelegal bug 13 app, NOMI Find & Savelegal bug 14 learns your spending patterns to find extra dollars it thinks you won't miss and automatically moves them to a savings account for you.
See all your cost savings and rewards—in one place.
Keep track of the benefits you get with an eligible RBC bank account using the Vantage Snapshot in the RBC Mobile app.
Never worry about a lost card.
Easily lock a misplaced debit or credit card in the RBC Mobilelegal bug 13 app. Unlock it just as fast.
Check your credit score for free.
Easily access your credit scorelegal bug 19 in RBC Online Bankinglegal bug 20 without impacting your credit rating.
Get a head start on investing.
Pay no management fees when you open an RBC Direct Investing account as a student.legal bug 21
See more of your favourite events.
Receive exclusive access and ticket discounts to see some of your favourite artists, sporting events and performances.
Safely shop online.
With Virtual Visa Debitlegal bug 10, you can make secure online purchases using the money in your bank account.
Build Your Savings and Credit History, Too
Build Your Savings and Credit History, Too
RBC High Interest eSavings
RBC ION+ Visa
Support & Resources
How can we help you today?
Your Top Questions Answered
Your Top Questions Answered
To open an RBC Advantage Banking account for students, you need to be at least age 13 (14 in Quebec), 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 particular semester. Proof of enrollment may be requested at our discretion.
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.
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.
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.legal bug 22 No credit card needed!
Your credit score is a number that indicates your ability to borrow and repay money. A high credit score can help you qualify for loans, credit cards and/or higher credit limits when you apply for them. Learn more about how students can build a good credit score.
A great place to begin is to understand the benefits of a Tax-Free Savings Account (TFSA) and a Registered Retirement Savings Plan (RRSP). These are popular investment accounts that give you the opportunity to grow your money faster than you could in a traditional savings account. Check out these 4 things to know about TFSAs and RRSPs.
In some cases, yes. You can apply to open an RBC Advantage Banking account for students online if you meet our definition of a full-time student and you are:
- 18 years of age or the age of majority in your province
Note: Ages 13+ (or 14+ in Quebec) can apply to open an account using the RBC Mobilelegal bug 9 app. - Opening a sole account in your own name
- Living in Canada
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.
Full-time studentslegal bug 3, including students as young as age 13 (14 in Quebec), can open an RBC Advantage Banking account for studentslegal bug 1 and enjoy unlimited debits in Canada and other great benefits for no monthly fee.
Send an Interac e-Transferlegal bug 4,legal bug 5 without ever needing to log in to the RBC Mobilelegal bug 1,legal bug 3 app! Simply enable Siri in the app and you'll be able to quickly and easily send money.
Going away to school or thinking of staying local? There are several factors that can impact how much a college, university or other post-secondary education might cost you. Use the RBC Student Budget Calculator to get an estimate of how much money you might need.
Upon the graduation date you provided when you opened your RBC Advantage Banking account for students, 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.
This Promotional offer is available to any Eligible Student Client without a Personal Banking Account with Royal Bank of Canada at the beginning of the Promotional Period or in the three-year period before the start of the Promotional Period, and who otherwise comply with the Terms of the Promotional offer. The Bonus Offer is $100 with an Eligible Personal Banking Account.
To qualify for the $100 you must open your first new Eligible Personal Banking Account by 9:00 PM EST on October 31, 2023 and complete one of the following Qualifying Criteria by 9:00 PM EST on December 29, 2023 using your Eligible Personal Banking Account:
i. a minimum of three (3) debit transactions;
ii. register your Eligible Personal Banking Account for Interac auto deposit and make one (1) e-Transfer using RBC Online Banking or the RBC Mobile app; or
iii. enroll for a Virtual Visa Debit Card and make one (1) transaction
NOTE: Qualifying Debit Transactions are defined as Bill Payments or purchase transaction using any of the following: your RBC Client Card, an RBC Virtual Visa Debit card associated with your Eligible Personal Banking Account, Interac Flash, Apple Pay, Google Pay, Samsung Pay. Transactions carried out at an RBC Royal Bank branch or through the RBC Royal Bank ATM network, and bank fee transactions, are not included as qualifying transactions
NOTE: You must be at least 14 years of age to obtain an RBC Virtual Visa Debit card. As such, option iii. (above) of this section is only available to individuals who meet this minimum age requirement; if you are below the age of 14 and participate in this Promotional Offer, you must select one of the other eligible transaction types described.
The $100 cash component of the Bonus Offer will be deposited into your Eligible Personal Banking Account within 2 to 8 weeks of completing the Qualifying Criteria, if applicable. Royal Bank of Canada may follow up with Eligible Student Clients to remind them to complete the Qualifying Criteria.
This offer may not be combined or used in conjunction with any other Personal Banking Account offers. Royal Bank of Canada reserves the right to withdraw this offer at any time without notice, even after acceptance by you. For full details including defined terms visit rbc.com/student100terms.
To benefit from a rebate towards the annual fee of an Eligible Student Credit Card, you must: i) be approved for an eligible RBC Student Credit Card, ii) Open or Activate an Eligible Student Credit Card, and iii) be an Account owner of an Eligible Student Bank Account.
| Eligible Credit Cards | Annual Fee Rebate |
| RBC ION+TM Visa‡ | $4 a month ($48 annually) |
| Signature® RBC Rewards® Visa | $39 |
| Visa Cash Back Card | $19 |
| WestJet RBC® MasterCard‡ | $39 |
Additional cardholders (co-applicants and authorized users) are not eligible for this offer. Only one credit card annual fee rebate per Eligible Student Bank Account is allowed. This means that if this is a jointly held Eligible Student Bank Account, and each co-owner is also the primary cardholder of an Eligible Student Credit Card, only the Primary Owner of the Eligible Student Bank Account will be entitled to the credit card annual fee rebate.
As a sole or joint owner of an RBC Signature No Limit Banking (SNL) account and the primary RBC ION+ Visa cardholder, the $4 monthly fee ($48 annually) of your RBC ION+ Visa card will be fully rebated, every month, as long as your eligible credit 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. Other conditions and restrictions apply. Royal Bank of Canada reserves the right to withdraw this offer at any time, even after acceptance by you.
The offers program is available to clients with an RBC Royal Bank (i) debit card tied to a personal or business chequing account, and/or (ii) personal or business credit card, other than an RBC Commercial Visa or RBC US Dollar Visa card.
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.