Youth Bank Account Features
More About Your Account
Need more than 15 debits/ month sometimes? Or can’t get to an RBC ATM? No problem! Here are some of the additional things you can do with your account, for a small fee.
|Additional debit transactions||$1.25/debit|
|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)
|Non-RBC Royal Bank ATM transactions outside Canada & the U.S.legal bug 4
(on PLUS system)
|Cross-Border Debitlegal bug 1, legal bug 5, legal bug 6||$1.00 each|
Legal Bug 1)
RBC Virtual Visa Debits, Third-party payment Debits, RBC Royal Bank loan payments, RBC Royal Bank mortgage payments, pre-authorized and self-serve RBC Royal Bank credit card payments and contributions to RBC investment accounts (such as GICs, Royal Mutual Funds, Registered Savings Plans, Registered Education Savings Plans, Registered Disability Savings Plans and Tax-Free Savings Accounts) from your RBC Day to Day Banking Account, U.S. Personal Account, RBC Leo’s Young Savers Account or RBC Student Banking Account are free of charge. All other Debit Transactions from these Accounts are counted as Debit Transactions towards the free monthly Debit Transactions included in the Account, and give rise to an Excess Debit Transaction Fee if the total free monthly Debit Transactions are exceeded.
Legal Bug 2)
The interest rate is an annual interest rate. It is a simple interest calculation. Interest is calculated daily on the closing credit balance and paid monthly. Interest rate is subject to change at any time without notice. Learn More: http://www.rbcroyalbank.com/rates/persacct.html
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.