Online Application Help Centre

If you meet the following criteria, you can apply for business deposit and business credit products through this online application, otherwise please schedule an appointment with an RBC Royal Bank representative.

• You have the authority to act on behalf of your business and legally bind the business.
• Your annual sales are less than $500,000.
• Your total credit needs are less than $150,000.
• Your business is operating in Canada.
• All business owners are of the age of majority in their province of residence
• All business owners are Canadian residents.
• Your business is not a money services business.
• Your business is not a Non-profit Corporation/Non-profit Organization.

You need the following information to apply:

• Business Legal Name
• Trade Name (if you have one)
• Business Type-whether Sole Proprietorship, Partnership or Incorporated
• Business Financial Statements
• Number of employees in your business
• Your primary financial institution—a bank where you conduct most of your business-related financial activities.
• If your business has ever declared bankruptcy, business bankruptcy details
• Personal Income from Business
• Assets and liabilities
• If you personally have ever declared bankruptcy, your bankruptcy details

An RBC Royal Bank representative will contact you within 3-5 business days of the application submission, excluding weekends and public holidays, to initiate the application processing.

If you want to start the credit or deposit account application process sooner, please contact 1-800-769-2520 for assistance. Our Business Advisors can take your credit application over the phone, or book an appointment to open your business account.

Once your online application is submitted, contact 1-866-811-0718 and speak with a Business Advisor to follow up your application status, Monday to Friday from 7:00 a.m. to 11:00 p.m., and Saturdays 9:00 a.m. to 5:00 p.m. Eastern Standard Time.

Providing your social insurance number (SIN) is not mandatory, however it does help us with the application process. Your social insurance number is a unique number, it helps us to identify you quickly and efficiently and is a good way to make sure information provided to us in a credit bureau report actually refers to you.

If we have your social insurance number, we may use it for tax related purposes if you hold a product generating income and share it with the appropriate government agencies, and we may also share it with credit reporting agencies as an aid to identify you.

However, providing your social insurance number as part of this application process is voluntary for you.

Your email address serves as your username for the ‘suspend and resume’ feature in the online application. The ‘suspend and resume’ feature enables you to save your incomplete application, and then resume at a later time. When you resume, you have to enter your email ID and your chosen password in order to access your incomplete application.

RBC Royal Bank will never ask you to provide confidential information, such as your account number, PIN number or password through regular email.

Your personal and business information is safe with us.

At RBC Royal Bank, we are committed to your financial well-being, and protecting the privacy & security of the information you share with us.

We diligently work to maintain our online security to the highest possible standards and controls, which include:

• Robust and multi-layered security of servers and applications
• Multiple layers of internal and external firewalls, which protect our online environments
• Regular reviews to ensure our security, and privacy policies & standards reflect our industry leading position
• Use of Secure Socket Layer (SSL) 128-bit encryption to protect the information you send or receive from our secure sites.

We encourage you to visit our Privacy and Security website to learn more about how we safeguard your information.

Electronic statements are an online version of the paper statements. These statements are available online in PDF format (Adobe Acrobat required) and allow you to view, save or print them at your convenience. Our online 7-year archive gives you quick and easy access to your past statements. Also, if you have opted for electronic statements, you can view digital images of your business cheques at no charge.