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Youth Bank Account Features
- Enjoy the convenience of free unlimited debit transactions in Canadalegal bug 2
- 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 3
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 4 (on PLUS system) |
$3.00 each |
| Non-RBC Royal Bank ATM
transactions outside Canada & the U.S.legal bug 5 (on PLUS system) |
$5.00 each |
| Cross-Border Debit legal bug 6, legal bug 7 | $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
Visit Us
Find Everything RBC offers to help students succeed in today's world.
Legal Bug*
Mydoh monthly subscription fee is $2.99. This fee will be taken out of your Mydoh Wallet. You can
cancel any time by contacting Mydoh.
Mydoh reserves the right to cancel, modify or withdraw this offer at any time.
Legal Bug‡
The RBC Visa Prepaid Mydoh Smart Cash Card (“Mydoh Smart Cash Card”) is available as a physical and
digital card that can be used to pay for purchases online or in-store anywhere Visa contactless
(tap) is accepted.
Legal Bug 1)
This 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 July 1, 2023. 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 11:59 PM EST on October 31, 2023.
For full legal terms click here: rbc.com/leo25
Legal Bug 2)
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 3)
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(open in a new window)
Legal Bug 4)
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 5)
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 6)
On operating account only. $1 per cross border debit transaction on companion accounts. Not
available on U.S. Personal Account.
Legal Bug 7)
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.