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 $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
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
RBC Rewards Pointslegal bug 11 | Enrol your account in the Value Program to get a minimum of 1 RBC Rewards 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 | $8.50 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.
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
Signature RBC Rewards Visa
Support & Resources
How can we help you today?
Your Top Questions Answered
Your Top Questions Answered
Full-time studentslegal bug 3, including students as young as age 13, 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.
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.
This 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 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, 2022 and complete two of the following Qualifying Criteria by 9:00 PM EST on December 30, 2022 using your Eligible Personal Banking Account:
i. a minimum of one purchase transaction completed 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 or Samsung Pay; or
ii. a minimum of one (1) Interac e-Transfer using RBC Online Banking or the RBC Mobile app;
iii. a minimum of one (1) mobile cheque deposit using the RBC Mobile app;
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.
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/offerterms100.
To benefit from a rebate towards the annual fee of an Eligible Student Credit Card, every year, you must:
- complete the Student Information section of the credit card application form in full,
- remain a student, and
- be an owner or co-owner of an Eligible Student Bank Account throughout your studies.
Eligible Credit Cards | Annual Fee Rebate |
---|---|
Signature® RBC Rewards® Visalegal bug ‡ | $39 |
WestJet RBC® Mastercardlegal bug ‡ | $39 |
You will continue to benefit from the rebate on your annual fee until: i) you close your Eligible Student Bank Account, or ii) until the Expected Graduation Year you have provided at the opening of your Eligible Student Bank Account, whichever occurs earlier, as long as your credit card account remains in good standing. 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 opening of your Eligible Student Bank Account differs from the one you have indicated on your credit card application form, the Expected Graduation Year you have provided at the opening of your Eligible Student Bank Account will prevail and be used for determining the expiry of this offer.
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
The RBC 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 RBC 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 RBC Offer for more details.