Why RBC Clients love Our Student Accounts:

  • Free unlimited Interac e-transfers
  • Buy things online with Virtual Visa Debit1
  • Just tap to pay with RBC Wallet or Apple Pay
  • Send money to friends with Siri or iMessage

Our Youth & Student Accounts

RBC No Limit Banking for Students

Monthly Fee: $10.95

  • Unlimited transactions
  • Get a $39 rebate toward an eligible RBC Royal Bank credit card3
  • No minimum balance required
  • No monthly fee with MultiProduct Rebate5
  • Open a no monthly fee student bank account and get $60*

RBC Student Banking

Monthly Fee: Free

  • 25 free debits per month2
  • Get a $39 rebate toward an eligible RBC Royal Bank credit card3
  • No minimum balance required
  • Open a no monthly fee student bank account and get $60*

RBC Leo’s Young Savers Account

Monthly Fee: Free

  • 15 free debits per month2
  • No minimum balance required

Ways to Apply

Ways to Bank

Manage Your Account Online, Anytime

Check your balances, pay bills, set up alerts, send money and more – whenever you need to.

Bank Anywhere

Take care of your banking from wherever you are, anytime you want.

Take It All to a New Level

Students can make payments with a tap of your smartphone and securely store your cards on your device.

Debit transactions made using your Virtual Visa Debit Number do not count against any monthly transaction limits applicable to your personal deposit account. Other account fees may apply. Please see the RBC Royal Bank Disclosures and Agreements related to Personal Deposit Accounts booklet or other applicable account agreement for further details.
Totals are not cumulative, and if not used, may not be carried over into the next monthly cycle or calendar year. Excess debit transaction fee may also apply depending on the account.
If you are a post-secondary student and are the Primary Owner or co-owner of an RBC Student Banking or RBC No Limit Banking for Students account (each an Eligible Bank Account) and the primary cardholder of one of the eligible RBC Royal Bank credit cards listed below, you may be entitled to a rebate on your annual fee, every year, as long as you:
  • i) complete the Student Information section of the credit card application form in full;
  • ii) remain a student; and
  • iii) are the primary or co-owner of an Eligible Bank Account throughout your studies.
Eligible Credit Cards Annual Fee Rebate
Signature RBC Rewards® Visa card $39
WestJet RBC Mastercard $39
RBC Visa Cash Back $19

Subject to credit approval

You will continue to benefit from the rebate on your annual fee: i) until you close your Eligible Bank Account, or ii) until the Expected Graduation Year you have provided upon opening your Eligible Bank Account, whichever comes first. Thereafter, you will no longer receive the rebate on the annual fee.

If, for some reason, the Expected Graduation Year you have provided at the time of opening your Eligible Bank Account differs from the one you indicate on your credit card application form, the Expected Graduation Year you have provided at the time of opening of your Eligible Bank Account will prevail and be used for determining the expiry of this offer.

Additional cardholders are not eligible for this offer. Only one credit card annual fee rebate per Eligible Bank Account is allowed. This means that if both the primary owner and co-owner of an Eligible Bank Account are also the primary cardholders of an Eligible Credit Card each, only the primary owner of the Eligible Bank Account will be entitled to the credit card annual fee rebate.

Eligible accounts for the Right Account Guarantee are: RBC VIP Banking, RBC Signature No Limit Banking, RBC No Limit Banking, RBC No Limit Banking for Students and RBC Day to Day Banking. This offer is limited to the monthly fee that applies to the new or upgraded account for the first 3 months the account remains open. You must close the new or upgraded account or switch to another account and apply for the refund within 4 months of account opening or upgrade. If you close the account, we’ll refund the monthly fees for the time the account remained open up to a maximum of 3 months. If you downgrade to a lower fee account, we’ll refund the difference in monthly fees between the two accounts for the time the higher fee account remained open up to a maximum of 3 months. Offer limited to one account opening or upgrade per customer per calendar year. Offer may be withdrawn at any time without notice.
If you have an eligible banking account and two or more qualifying, eligible RBC products in the same geographic location (region), you may receive a partial or full rebate on your Monthly Fee. Some conditions apply. For more information on the MultiProduct Rebate visit any RBC Royal Bank branch, call 1-800-769-2511 or view the full Disclosures and Agreements Booklet.

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