EN
Youth Bank Account Features
- Enjoy the convenience of free unlimited debit transactions in Canadalegal bug 7
- Free unlimited Interac e-Transfer transactions
- No minimum balance
- Never miss another allowance payment
Parents and guardians can set up automatic money transfers for free - Earn interest on every dollarlegal bug 8
More About Your Account
Here are some of the additional things you can do with your account, for a small fee.
| Details | Fees |
|---|---|
| Non-RBC Royal Bank ATM transactions (on Interac system) | $2.00 each |
| Non-RBC Royal Bank ATM transactions within Canada & the U.S.legal bug 3 (on PLUS system) |
$3.00 each |
| Non-RBC Royal Bank ATM transactions outside Canada & the U.S.legal bug 4 (on PLUS system) |
$5.00 each |
| Cross-Border Debitlegal bug 1, legal bug 5, legal bug 6 | $1.00 each |
Raise Money-Smart Kids with MYDOH
The Mydoh app and Smart Cash Card make it easy for kids to gain real money skills. And you can coach, guide, or just keep an eye on things.
Ways to Apply
Call 1-800-769-2561- Call 1-800-769-2561
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Find Everything RBC offers to help students succeed in today's world.
Legal Bug*
“Up to $95” is a combined total of (a) $25 when you open an RBC Leo’s Young Savers Account by March 31, 2023 (footnote 1), plus (b) Mydoh Bonus Offer of a no-monthly fee subscription with your first Mydoh account for the first 12-months of your subscription, valued at $35.88 a year (footnote 2a), plus a no-fee 6-month pass MoneyPrep single use promo code, valued at $5.99 per month (footnote 2b), each in accordance with their respective terms and conditions set out below.
Legal Bug 1)
This LYSA Bonus Offer is available to any Eligible Clients without a Personal Banking Account with Royal Bank of Canada within the last 3 years before the start of the promotional period on November 1, 2022. The Bonus Offer is $25 with an RBC Leo's Young Savers Account®. This account type is intended for clients 0-12 years. No qualifying transactions or purchases are required for the $25 Bonus Offer with the RBC Leo's Young Savers Account. The Bonus Offer will be deposited into your Eligible Personal Banking Account within 2 to 8 weeks provided your account remains in good standing. 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 or modify this offer at any time without notice, even after acceptance by you. You must open your first new Eligible Personal Banking Account by 9:00 PM ET on March 31, 2023.
For full legal terms click here: rbc.com/leo25
Legal Bug 2a)
Receive a no-fee monthly subscription, “Mydoh Bonus Offer” with your Mydoh account for the first 12 months of your subscription. The no-fee monthly subscription will be automatically applied within 30 days of opening your Mydoh account. Currently valued at $35.88 a year, this limited time Mydoh Bonus Offer is available to Canadian residents who are age of majority at the time of Mydoh account opening in their province or territory of residence and have never previously signed up to Mydoh. To qualify for this offer you must qualify for the LYSA Bonus Offer enter the same email address to set up your Mydoh app as you provided when opening RBC Leo’s Young Savers Account. You must open your first new Mydoh account by 11:59 PM ET on May 15, 2023. There is a maximum of one (1) Mydoh Bonus Offer available per family. The annual value of the Bonus Offer may change over time. Royal Bank of Canada reserves the right to cancel, modify or withdraw this offer at any time and we may terminate your use of Mydoh in accordance with the Mydoh App Terms & Conditions (https://www.mydoh.ca/app-terms/). You have until May 31, 2023 to notify us by way of email at hello@mydoh.ca if you believe you have qualified for but not received your “Mydoh Bonus Offer” within 30 days of opening your Mydoh account.
This product is only available in English.
Legal Bug 2b)
This limited time offer is not transferable and is available to first time MoneyPrep subscribers. In order to take advantage of this offer and receive a no-fee 6-month pass (valued at $5.99 per a month) (“Discount”) MoneyPrep single use promo code will be emailed to you to the email address you provided when opening RBC Leo’s Young Savers Account. You must download the MoneyPrep Kids Learning Games app between January 10, 2023 and May 15, 2023, inclusively (“Offer Period”), and enter the promotional code provided in the welcome RBC email during the app sign up process - click Play Now to begin. No purchase necessary, no payment information required unless you choose to extend. Promotional code can only be used once per client during the Offer Period, and is not redeemable for cash and has no face or cash value. No minimum spend required. Offer cannot be applied to purchases made prior to or after the conclusion of the offer. This offer may not be combined or used in conjunction with any other offers, and cannot be applied retroactively to previous purchases. Any refunds will not include the value of the promotional code. MoneyPrep Inc., not Royal Bank of Canada (“RBC”), is responsible for the sales, and terms and conditions applicable, which are available at: https://www.moneyprep.com/terms-and-conditions/, including those applicable to the use of the promotional code. RBC reserves the right to cancel, modify or withdraw this offer at any time. This product is only available in English. You have until May 31, 2023 to notify us by way of email at support@moneyprep.com if you believe you have qualified for but not received your “MoneyPrep Bonus Offer”.
This product is only available in English.
Legal Bug 3)
An ATM operator surcharge (also called convenience fee) may be charged by other ATM operators. The convenience fee is not a Royal Bank fee. It 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.
Legal Bug 4)
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.
Legal Bug 5)
On operating account only. $1 per cross border debit transaction on companion accounts. Not available on U.S. Personal Account.
Legal Bug 6)
Foreign currency purchases paid by withdrawal from your Canadian dollar account are converted to Canadian dollars at an exchange rate 2.5% over the Interbank Spot Rate (as defined by Acxsys Corp.), effective at time of processing. Since exchange rates fluctuate, the rate applied will usually differ from the posted exchange rate at the time of your purchase.
Legal Bug 7)
Effective for all account holders as of December 1 2022. NOTE: The Leo’s Young Savers Account is not eligible for the RBC Virtual Visa Debit card, and therefore incapable of RBC Virtual Visa Debit Debit Transactions.
Legal Bug 8)
Interest is calculated daily on the closing credit balance and paid monthly. Interest is subject to change at any time without notice. Learn more: https://www.rbcroyalbank.com/rates/persacct.html