Bank Account Features

  • No monthly fee
    On any account balance
  • Free debit transactions in Canadalegal bug2
    With the option to set transaction limits to teach responsible spending
  • Free Interac e-Transfer transactionslegal bug3
    Send money to and from the account with ease. Set up automatic money transfers and never miss an allowance payment
  • No minimum balance
    And earn interest on every dollarlegal bug4

More About Your Account

Here are some 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 5
(on PLUS system)
$3.00 each
Non-RBC Royal Bank ATM transactions outside Canada & the U.S.legal bug 6
(on PLUS system)
$5.00 each
Cross-Border Debit legal bug 7 $1.00 each

Additional Youth Solutions and Offers

Mobile
Mydoh

Mydohlegal bug is the money app and Smart Cash Cardlegal bug that helps kids and teens build good money habits through real-life experience.

Learn More
Student
Registered Education Savings Plan (RESP)

Help give your child a head start in financing their future education.

Learn More
Card
Advantage Banking account for students

A no monthly fee bank account for students 13+ that gives students more perks and features.

Learn More

Great Reads for Parents

Family
Raising Money Smart Kids: Practical Tips for Parents
Read Article
Family
Saving for the Future – Helping Kids Set and Achieve Financial Goals
Read Article
Family
9 Quick Facts About RESPs and How To Make Them Work For You
Read Article

Discover more RBC banking offers, solutions, and tips to help make student life easier.

Explore Now

Ways to Apply

Call 1-800-769-2561

(Lines Open 24/7)