Bank Accounts

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 bug 13} app
• Visit a branch
• Call 1 800 769 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.

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 bug 13} 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 branch Opens in new window to talk to an advisor or call us at 1-800-769-2561 (lines are open 24/7). Explore chequing accounts or savings accounts now.

If you would like to transfer to RBC from another bank, please call 1-800-769-2561, visit a branch Opens in new window or choose your bank account and apply online. Please note that your account will need to be fully open before you can transfer money, pre-authorized payments and more from another financial institution to RBC.

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 bug 2}
• Save on monthly fees when you enrol your account in the Value Program, have 2 or more additional eligible RBC product categories, and complete at least 2 out of 3 regular account activities (a pre-authorized payment, direct deposit or bill payment) with your enrolled account each month.^{legal bug 3}
• Save 3¢/L on gas at Petro-Canada with every fill-up using your linked RBC card.^{legal bug 5}
• Load available offers to your eligible RBC debit card and start getting rewarded with offers from popular brands.^{legal bug 15}

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 bug 2} 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 bug 3}

If you currently have the MultiProduct Rebate^{legal bug 17} on an account, but you do not complete at least 2 out of 3 regular account activities (a pre-authorized payment, direct deposit or bill payment) each month, 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 Opens in new window with an RBC advisor. You can also call us at 1-800-769-25111-800-769-2511 or visit a branch Opens 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.

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 branch to verify your identity. You may be able to open select accounts using your passport or driver’s licence in the RBC Mobile^{legal bug 13} 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.

In most cases, you can open an RBC bank account online or in RBC Mobile^{legal bug 13} app in approximately 10 minutes. You can also visit a branch to open your account.

Yes, you can apply to open most RBC bank accounts online or in the RBC Mobile^{legal bug 13} 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 branch.
• You are living in Canada.

If you do not meet these requirements, please call 1 800 769 2561 to book an appointment or visit a branch 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, 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 bug 2} 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