A chequing account, also known as a transaction account, is an account you use for your everyday transactions, such as withdrawing money from an ATM, depositing paycheques, paying bills, and making one-time purchases with a debit card. You can access your chequing account at an ATM, in a branch, or online on the bank website or mobile applegal disclaimer 27.
We offer a variety of chequing accounts in Canada, and knowing more about you can help us suggest the chequing account that’s right for you. Choose the button that best describes what you’re looking for.
Choose from a wide range of chequing accounts with unique benefits and features to meet your banking needs.
Study up on chequing account options with features and benefits for busy students.
Ease into banking in Canada with these chequing account options for newcomers.
Keep U.S. dollars on hand with our convenient U.S. Personal Banking account.
If you're not 100% satisfied within the first 4 months, we'll refund up to 3 months of monthly fees.legal disclaimer 16 That's our Right Account Guarantee.
Trust your money is safe. Your account is CDIC-insured for up to $100,000 and protected against unauthorized transactions with our Security Guarantee.legal disclaimer 17
Answer a few questions and we’ll suggest the chequing accounts that best match your needs.
See our range of accounts and compare the features that are important to you.
Book a virtual appointment with an advisor: 1-800-769-2561 (Open 24/7).
With RBC Vantage, you can unlock rewards, savings, insights and more with any eligible bank account. legal disclaimer 18 Only at RBC.
Now you can get rewarded for the things you do every day. Earn Avion points on your online and in-store debit purchases.legal disclaimer 19
Easily lock a misplaced debit or credit card in the RBC Mobilelegal disclaimer 21app. Unlock it just as fast.
A fast and simple way to manage shared expenses with your social circle.legal disclaimer 22
With RBC Vantage, you can unlock rewards, savings, insights and more with any eligible bank account. legal disclaimer 18 Only at RBC.
Now you can get rewarded for the things you do every day. Earn Avion points on your online and in-store debit purchases.legal disclaimer 19
Easily lock a misplaced debit or credit card in the RBC Mobilelegal disclaimer 21 app. Unlock it just as fast.
A fast and simple way to manage shared expenses with your social circle.legal disclaimer 22
Load available offers to your eligible RBC debit card and get rewarded with personalized offers from popular brands.legal disclaimer 23
Keep track of the benefits you get with an eligible RBC bank account using the RBC Mobile app.legal disclaimer 21
Keep track of the benefits you get with an eligible RBC bank account using the RBC Mobile app.legal disclaimer 21
Providing a rolling forecast of your payments & deposits for the next 7 days, NOMI helps you stay on top of your money.
Providing a rolling forecast of your payments & deposits for the next 7 days, NOMI helps you stay on top of your money.
A chequing account is meant for your everyday transactions, such as withdrawing cash from an ATM, paying a bill, depositing a pay cheque, and paying for groceries. It has the advantage of providing easy access to your money. You typically earn no or low interest on the money you store in a chequing account.
A savings account is where you can set aside money for your short-term and long-term financial goals, such as saving for a trip, a wedding, or buying a house. You can also use it to build up an emergency fund for unexpected expenses like car repairs. Savings accounts typically earn a higher interest on your money compared to Chequing accounts, meaning you can use them to grow your money over time. For that reason, they’re not usually used for everyday expense like paying bills.
RBC Vantage is the way we describe all of the powerful benefits you can get just by having an eligible RBC bank account. There is no additional cost to enjoy these benefits—and you don’t need a minimum balance.
Here are just a few ways you can take advantage of these benefits:
The following RBC bank accounts are eligible to be enrolled in the Value Program:
Learn more about the Value Program or explore bank accounts now.
No, you can only receive one monthly fee rebate per bank account. For example, you cannot receive both the Value Program Rebate10 and the Seniors Rebate2 on the same account in the same month. We automatically apply to your account the highest value rebate you are eligible for each month.
If you have multiple bank accounts, you could receive a different monthly fee rebate for each account, as long as you meet the eligibility requirements to receive each of the rebates.
Whether you bank or invest through the RBC Royal Bank Online Banking service, or the RBC Mobile app, you're covered by an Online Banking Security Guarantee. If an unauthorized transaction is conducted through your RBC Royal Bank, RBC Direct Investing or RBC Dominion Securities accounts on RBC Mobile, you'll be reimbursed 100% for any resulting losses to those accounts.
For a definition of an unauthorized transaction and for full details regarding the protections and limitations of the RBC Online Banking Security Guarantee, please see your Electronic Access Agreement. This guarantee is given by Royal Bank of Canada in connection with its Online Banking service.
Avion Rewards gives you the opportunity to earn Avion points in many ways and the flexibility to redeem them for nearly endless options—travel the world, buy merchandise and gift cards from some of your favourite brands, pay down bills, invest in your future and much more.
There are several ways to earn points. For example, you can earn points when you make debit purchases with an eligible RBC bank accountlegal disclaimer 19 that is enrolled in the Value Program or when you make purchases with an Avion Rewards credit card.
Avion Rewards also gives you access to discounts, bonus points, special offers and savings you’ll only find at Canada’s largest bank-owned loyalty program.
Learn more about Avion Rewards.
Yes. To deposit a cheque in RBC Mobile, simply:
Offers is our way of helping you do more when you choose to pay with your RBC Royal Bank personal or business chequing account or credit card. It allows you to take advantage of a wide range of offers to help you save money and earn bonus Avion points on your shopping, travel, dining and more.
Simply sign in to RBC Royal Bank Online Banking and from the top of your Accounts Summary page, select the Offers for You link to browse your offers. You can also get your offers from the Avion Rewards app.
RBC Royal Bank personal and business savings accounts are not eligible at this time.
At RBC, there is no minimum balance that you need to keep in your chequing account.
You can also use overdraft protection for peace of mind in case of unexpected situations—such as when a cheque deposit takes longer than expected to clear1.
1 Subject to credit approval. Overdraft interest charge applies if used. If an account is overdrawn, a deposit is required to be made at least once each month, in an amount that will cover the monthly overdraft interest.
There are two ways to close your chequing account:
Visit a Local Branch
You’ll need to visit your local branch to close your account if you’re not transferring the balance to another RBC account—or if your account is one of the following types:
Call or Message Us
If your account doesn’t fall into the categories above AND:
You can call 1-800-769-2511 to close your account. You can also send us a secure message through RBC Online Banking2 by clicking on 'You have messages' or 'Go to message centre' at the top of your Home page.
Important Notes
You can expect your account to be closed within 5 business days of submitting your request to close it. After we've closed your account, any pre-authorized payments or cheques to be deposited into or debited from your account will be returned.
There's a $15 fee for closing your account 16 to 90 days after you've opened it, unless it contains a balance that you're transferring to another RBC deposit or investment account.
Once the account is closed, the listing will be removed from Online Banking within 30 days. If you get electronic statements with this account, you may want to print them for your records—you won't be able to view them through RBC Online Banking once your account is closed.
2 RBC Online Banking is operated by Royal Bank of Canada.
Yes, you can have multiple chequing accounts at RBC. Whether you want to open additional chequing accounts for budgeting purposes or to enjoy specific features, you can choose from a range of RBC chequing accounts.
For full details regarding the protections and limitations of the RBC Digital Banking Security Guarantee, including your responsibilities in ensuring the safety and security of your transactions, please see your Electronic Access Agreement and your Opens PDF in new windowClient Card Agreement for personal banking clients, and the Opens PDF in new windowMaster Client Agreement for business clients. This guarantee is given by Royal Bank of Canada in connection with its Online and Mobile Banking services. Formerly known as the RBC Online Banking Security Guarantee.
Eligibility criteria for an Offer: (a) is determined by RBC, (b) may vary depending on the offer, and (c) may be based on the client’s preferences and account status. Eligible clients will refer to the terms and conditions applicable to each specific Offer for more details.
Offer available July 3, 2025 - November 3, 2025 (“Promotional Period”)
This Promotional Offer is available to any Eligible Student Client without a Personal Banking Account with Royal Bank of Canada at the beginning of the Promotional Period or in the three-year period before the start of the Promotional Period, and who otherwise comply with the Terms of the Promotional offer. The Promotional Offer is AirPods 4 Reward with an Eligible Personal Banking Account.
To qualify for the AirPods 4 Reward you must open your first new Eligible Personal Banking Account by 9:00 PM EST on November 3, 2025 and complete two (2) of the following Qualifying Criteria by 9:00 PM EST on January 30, 2026 using your Eligible Personal Banking Account:
NOTE: Qualifying Debit Transactions are defined as Bill Payments or purchase transaction using any of the following: your RBC Client Card, an RBC Virtual Visa Debit card associated with your Eligible Personal Banking Account, Interac Flash, Apple Pay, Google Pay, Samsung Pay. Transactions carried out at an RBC Royal Bank branch or through the RBC Royal Bank ATM network, and bank fee transactions, are not included as qualifying transactions for the purpose of option ii (above)
NOTE: You must be at least 14 years of age to obtain an RBC Virtual Visa Debit card. As such, option ii. (above) of this section is only available to individuals who meet this minimum age requirement; if you are below the age of 14 and participate in this Promotional Offer, you must select one of the other eligible transaction types described.
Starting August 11, 2025, we will notify you – by way of an email sent to the email address you have provided to us – when you have fulfilled the Qualifying Criteria and qualified for the Promotional Offer. This message will be sent at any time up to ten business days after we have determined that all Qualifying Criteria have been completed by you. The email message will contain a secure link that will permit you to visit a secure online store where you can order your Reward and confirm an address for delivery, as well as any other shipping details.
This offer may not be combined or used in conjunction with any other Personal Banking Account offers unless otherwise indicated. Royal Bank of Canada reserves the right to withdraw this offer at any time without notice, even after acceptance by you. Other conditions apply. For full details including defined terms visit rbc.com/airpodsterms.
Royal Bank of Canada may withdraw or amend this Offer at any time without notice. For full details including defined terms visit rbc.com/airpodsterms.
For full details regarding the protections and limitations of the RBC Digital Banking Security Guarantee, including your responsibilities in ensuring the safety and security of your transactions, please see your Electronic Access Agreement and your Opens PDF in new windowClient Card Agreement for personal banking clients, and the Opens PDF in new windowMaster Client Agreement for business clients. This guarantee is given by Royal Bank of Canada in connection with its Online and Mobile Banking services. Formerly known as the RBC Online Banking Security Guarantee.
When you use your Client Card to make a withdrawal in a currency other than Canadian dollars at an ATM outside Canada displaying the PLUS system symbol, we will convert the amounts withdrawn and any associated charges imposed by any third party for the use of the ATM to Canadian dollars when we deduct the funds from your Account. We will convert these amounts to Canadian dollars no later than the date we post the transaction to your Account at our exchange rate, which is 2.5% over a benchmark rate set by Visa International, a subsidiary of Visa Inc., and which Royal Bank of Canada pays on the date of conversion. This rate may be different from the rate in effect on the date your ATM withdrawal occurred or on the date of the transaction.
Student Edition is intended for clients under the age of 22. RBC Online Banking is operated by Royal Bank of Canada.
Eligibility criteria for an Offer: (a) is determined by RBC, (b) may vary depending on the offer, and (c) may be based on the client’s preferences and account status. Eligible clients will refer to the terms and conditions applicable to each specific Offer for more details.
Each time you use your linked RBC Card to pay for qualifying purchases at a Petro-Canada location, you will earn a bonus of twenty percent (20%) more Petro-Points than you normally earn, in accordance with the Petro-Points terms and conditions available at www.petro-canada.ca/en/personal/terms-conditions. Petro-Points are not awarded on tobacco products, vaping products, gift cards, transit tickets and taxes on non-petroleum purchases.
Offer available July 3, 2025 - November 3, 2025 (“Promotional Period”)
This Promotional Offer is available to any Eligible Student Client without a Personal Banking Account with Royal Bank of Canada at the beginning of the Promotional Period or in the three-year period before the start of the Promotional Period, and who otherwise comply with the Terms of the Promotional offer. The Promotional Offer is AirPods 4 Reward with an Eligible Personal Banking Account.
To qualify for the AirPods 4 Reward you must open your first new Eligible Personal Banking Account by 9:00 PM EST on November 3, 2025 and complete two (2) of the following Qualifying Criteria by 9:00 PM EST on January 30, 2026 using your Eligible Personal Banking Account:
NOTE: Qualifying Debit Transactions are defined as Bill Payments or purchase transaction using any of the following: your RBC Client Card, an RBC Virtual Visa Debit card associated with your Eligible Personal Banking Account, Interac Flash, Apple Pay, Google Pay, Samsung Pay. Transactions carried out at an RBC Royal Bank branch or through the RBC Royal Bank ATM network, and bank fee transactions, are not included as qualifying transactions for the purpose of option ii (above)
NOTE: You must be at least 14 years of age to obtain an RBC Virtual Visa Debit card. As such, option ii. (above) of this section is only available to individuals who meet this minimum age requirement; if you are below the age of 14 and participate in this Promotional Offer, you must select one of the other eligible transaction types described.
Starting August 11, 2025, we will notify you – by way of an email sent to the email address you have provided to us – when you have fulfilled the Qualifying Criteria and qualified for the Promotional Offer. This message will be sent at any time up to ten business days after we have determined that all Qualifying Criteria have been completed by you. The email message will contain a secure link that will permit you to visit a secure online store where you can order your Reward and confirm an address for delivery, as well as any other shipping details.
This offer may not be combined or used in conjunction with any other Personal Banking Account offers unless otherwise indicated. Royal Bank of Canada reserves the right to withdraw this offer at any time without notice, even after acceptance by you. Other conditions apply. For full details including defined terms visit rbc.com/airpodsterms.
Royal Bank of Canada may withdraw or amend this Offer at any time without notice. For full details including defined terms visit rbc.com/airpodsterms.
Clients must be 14 years of age or older and have an active personal, Canadian dollar deposit account and an active RBC Royal Bank Client Card in order to receive a Virtual Visa Debit Number. RBC Virtual Visa Debit is not available to business clients.
For full details regarding the protections and limitations of the RBC Digital Banking Security Guarantee, including your responsibilities in ensuring the safety and security of your transactions, please see your Electronic Access Agreement and your Opens PDF in new windowClient Card Agreement for personal banking clients, and the Opens PDF in new windowMaster Client Agreement for business clients. This guarantee is given by Royal Bank of Canada in connection with its Online and Mobile Banking services. Formerly known as the RBC Online Banking Security Guarantee.
When you use your Client Card to make a withdrawal in a currency other than Canadian dollars at an ATM outside Canada displaying the PLUS system symbol, we will convert the amounts withdrawn and any associated charges imposed by any third party for the use of the ATM to Canadian dollars when we deduct the funds from your Account. We will convert these amounts to Canadian dollars no later than the date we post the transaction to your Account at our exchange rate, which is 2.5% over a benchmark rate set by Visa International, a subsidiary of Visa Inc., and which Royal Bank of Canada pays on the date of conversion. This rate may be different from the rate in effect on the date your ATM withdrawal occurred or on the date of the transaction.
Student Edition is intended for clients under the age of 22. RBC Online Banking is operated by Royal Bank of Canada.
Each time you use your linked RBC Card to pay for qualifying purchases at a Petro-Canada location, you will earn a bonus of twenty percent (20%) more Petro-Points than you normally earn, in accordance with the Petro-Points terms and conditions available at www.petro-canada.ca/en/personal/terms-conditions. Petro-Points are not awarded on tobacco products, vaping products, gift cards, transit tickets and taxes on non-petroleum purchases.
Interac e-Transfer Transactions expire 30 days after they are sent and cannot be claimed by the recipient after this time. You have 15 days after the Interac e-Transfer Transaction is sent to cancel without charge. A $5 Interac e-Transfer Transaction Reclaim Fee is charged when a recipient does not accept it before it expires and the sender does not cancel the transaction before the 15-day cancellation period.
For full details regarding the protections and limitations of the RBC Digital Banking Security Guarantee, including your responsibilities in ensuring the safety and security of your transactions, please see your Electronic Access Agreement and your Opens PDF in new windowClient Card Agreement for personal banking clients, and the Opens PDF in new windowMaster Client Agreement for business clients. This guarantee is given by Royal Bank of Canada in connection with its Online and Mobile Banking services. Formerly known as the RBC Online Banking Security Guarantee.
Eligibility criteria for an Offer: (a) is determined by RBC, (b) may vary depending on the offer, and (c) may be based on the client’s preferences and account status. Eligible clients will refer to the terms and conditions applicable to each specific Offer for more details.
For full details regarding the protections and limitations of the RBC Digital Banking Security Guarantee, including your responsibilities in ensuring the safety and security of your transactions, please see your Electronic Access Agreement and your Opens PDF in new windowClient Card Agreement for personal banking clients, and the Opens PDF in new windowMaster Client Agreement for business clients. This guarantee is given by Royal Bank of Canada in connection with its Online and Mobile Banking services. Formerly known as the RBC Online Banking Security Guarantee.
Each time you use your linked RBC Card to pay for qualifying purchases at a Petro-Canada location, you will earn a bonus of twenty percent (20%) more Petro-Points than you normally earn, in accordance with the Petro-Points terms and conditions available at www.petro-canada.ca/en/personal/terms-conditions. Petro-Points are not awarded on tobacco products, vaping products, gift cards, transit tickets and taxes on non-petroleum purchases.
Eligibility criteria for an Offer: (a) is determined by RBC, (b) may vary depending on the offer, and (c) may be based on the client’s preferences and account status. Eligible clients will refer to the terms and conditions applicable to each specific Offer for more details.
Get more from your everyday banking when you enrol any of your eligible RBC bank accountslegal bug 4 in the Value Program. The more product categories you have, the more you earn and save.
Bank Account
$16.95/monthlegal bug 2
Your Savings and Rewards
after rebate*, legal bug 1,legal bug 5
*For each enrolled account, you must also complete at least 2 out of 3 regular account activities (pre-authorized payment, direct deposit or eligible bill payment) each month to receive the monthly fee rebate.
By enrolling an eligible RBC personal bank account in the RBC Value Program, holding eligible additional RBC products (“Product Categories”, as more particularly described below) and completing certain activities from your enrolled account each month (as more particularly described below), you may be entitled to receive a partial or full rebate of your enrolled account’s standard Monthly Fee. Eligible Product Categories include RBC personal credit cards, personal investments, residential mortgages (excluding purchase plus improvement or construction mortgages) and linked small business relationships. Multiple products in a single Product Category will be considered one Product Category. In addition to having eligible Product Categories, you must also perform any two (2) or more of the following specified account activities in the previous calendar month to or from your enrolled account: a monthly direct deposit, a monthly pre-authorized payment or an eligible bill payment made at minimum once per month. An eligible bill payment means a bill payment completed through either RBC Online Banking, the RBC Mobile app, an RBC ATM or RBC Telephone Banking Services, and excludes any bill payment made (i) in person at an RBC Royal Bank branch with an RBC Advisor, (ii) to an RBC credit card account, or (iii) using an RBC Virtual Visa Debit associated with your Enrolled Account. Conditions apply. For complete details, please see the Value Program Terms and Conditions available at rbc.com/valueprogramterms.
The Monthly Fee is charged on the last day of the Month of your Account’s monthly cycle. If the last day is a non-Business Day, the fee is charged the previous Business Day. However, if the last day of your Account’s Monthly Cycle is a non-Business Day and falls at the beginning of the calendar month, then the Monthly Fee is collected the next Business Day.
When you enrol your eligible RBC personal bank account into the RBC Value Program, you will be eligible to earn Avion points within the Avion Rewards Program as an Eligible Personal Banking Client, and any such points earned will be deposited into the Avion Rewards account tied to your enrolled account. Purchases from your account refers to using your RBC Client Card to pay for items at a merchant or service provider with the amount electronically debited directly from your enrolled account or using your RBC Virtual Visa Debit for purchases online. Avion points are governed by the Avion Rewards Terms and Conditions available on our website, or a copy may be provided to you by contacting us. For complete details on the Value Program, please see the Value Program Terms & Conditions.
The following RBC bank accounts are eligible for the Value Program: RBC Day to Day Banking, RBC Advantage Banking (includes RBC Advantage Banking for students), RBC Signature No Limit Banking, RBC VIP Banking, RBC No Limit Banking (discontinued), RBC Student Banking (discontinued), RBC No Limit Banking for Students (discontinued), RBC Day to Day Savings, RBC Enhanced Savings and RBC High Interest eSavings.
If you are an owner of an Account that allows Companion Accounts, participation in the RBC’s Value Program, a discount on the annual fee for an RBC credit card or a discount on the annual rental fee of a safe deposit box, your holdings will be automatically linked if their owner(s) is (are) the same. However, in some instances your product holdings may need to be manually linked, and you will need to contact us to do so. Without limitation, this includes if your product holdings are held in different ownership, in different processing centers, or there are greater than two account owner(s) on your Account. If any one of your associated or linked RBC products is in joint ownership and the ownership of any of the linked products differ from one another, you acknowledge that the ownership of the other products may be disclosed to the other joint owners or co-owners.
Get more from your everyday banking when you enrol any of your eligible RBC bank accountslegal bug 4 in the Value Program. The more product categories you have, the more you earn and save.
Bank Account
$12.95/monthlegal bug 2
Your Savings and Rewards
after rebate*, legal bug 1,legal bug 5
*For each enrolled account, you must also complete at least 2 out of 3 regular account activities (pre-authorized payment, direct deposit or eligible bill payment) each month to receive the monthly fee rebate.
By enrolling an eligible RBC personal bank account in the RBC Value Program, holding eligible additional RBC products (“Product Categories”, as more particularly described below) and completing certain activities from your enrolled account each month (as more particularly described below), you may be entitled to receive a partial or full rebate of your enrolled account’s standard Monthly Fee. Eligible Product Categories include RBC personal credit cards, personal investments, residential mortgages (excluding purchase plus improvement or construction mortgages) and linked small business relationships. Multiple products in a single Product Category will be considered one Product Category. In addition to having eligible Product Categories, you must also perform any two (2) or more of the following specified account activities in the previous calendar month to or from your enrolled account: a monthly direct deposit, a monthly pre-authorized payment or an eligible bill payment made at minimum once per month. An eligible bill payment means a bill payment completed through either RBC Online Banking, the RBC Mobile app, an RBC ATM or RBC Telephone Banking Services, and excludes any bill payment made (i) in person at an RBC Royal Bank branch with an RBC Advisor, (ii) to an RBC credit card account, or (iii) using an RBC Virtual Visa Debit associated with your Enrolled Account. Conditions apply. For complete details, please see the Value Program Terms and Conditions available at rbc.com/valueprogramterms.
The Monthly Fee is charged on the last day of the Month of your Account’s monthly cycle. If the last day is a non-Business Day, the fee is charged the previous Business Day. However, if the last day of your Account’s Monthly Cycle is a non-Business Day and falls at the beginning of the calendar month, then the Monthly Fee is collected the next Business Day.
When you enrol your eligible RBC personal bank account into the RBC Value Program, you will be eligible to earn Avion points within the Avion Rewards Program as an Eligible Personal Banking Client, and any such points earned will be deposited into the Avion Rewards account tied to your enrolled account. Purchases from your account refers to using your RBC Client Card to pay for items at a merchant or service provider with the amount electronically debited directly from your enrolled account or using your RBC Virtual Visa Debit for purchases online. Avion points are governed by the Avion Rewards Terms and Conditions available on our website, or a copy may be provided to you by contacting us. For complete details on the Value Program, please see the Value Program Terms & Conditions.
The following RBC bank accounts are eligible for the Value Program: RBC Day to Day Banking, RBC Advantage Banking (includes RBC Advantage Banking for students), RBC Signature No Limit Banking, RBC VIP Banking, RBC No Limit Banking (discontinued), RBC Student Banking (discontinued), RBC No Limit Banking for Students (discontinued), RBC Day to Day Savings, RBC Enhanced Savings and RBC High Interest eSavings.
If you are an owner of an Account that allows Companion Accounts, participation in the RBC’s Value Program, a discount on the annual fee for an RBC credit card or a discount on the annual rental fee of a safe deposit box, your holdings will be automatically linked if their owner(s) is (are) the same. However, in some instances your product holdings may need to be manually linked, and you will need to contact us to do so. Without limitation, this includes if your product holdings are held in different ownership, in different processing centers, or there are greater than two account owner(s) on your Account. If any one of your associated or linked RBC products is in joint ownership and the ownership of any of the linked products differ from one another, you acknowledge that the ownership of the other products may be disclosed to the other joint owners or co-owners.
Get more from your everyday banking when you enrol any of your eligible RBC bank accountslegal bug 4 in the Value Program. The more product categories you have, the more you earn and save.
Bank Account
$30/monthlegal bug 2
Your Savings and Rewards
after rebate*, legal bug 1
*For each enrolled account, you must also complete at least 2 out of 3 regular account activities (pre-authorized payment, direct deposit or eligible bill payment) each month to receive the monthly fee rebate.
By enrolling an eligible RBC personal bank account into the RBC Value Program, holding eligible additional RBC products (“Product Categories”, as more particularly described below), and completing certain activities from your enrolled account each month (as more particularly described below), you may be entitled to receive a partial or full rebate of your enrolled account’s standard Monthly Fee. Eligible Product Categories include RBC personal credit cards, personal investments, residential mortgages, and linked small business relationships. Multiple products in a single Product Category will be considered one Product Category. In addition to having eligible Product Categories, you must also perform any two (2) or more of the following specified account activities in the previous calendar month to or from your enrolled account: a monthly direct deposit, a monthly pre-authorized payment, or an eligible bill payment made at minimum once per month. An eligible bill payment means a bill payment completed through either RBC Online Banking, the RBC Mobile app, using an RBC ATM, or using Telephone Banking Services, and excludes any bill payment made: (i) in-person at an RBC Royal Bank branch with an RBC Advisor, (ii) to an RBC credit card account, or (iii) using an RBC Virtual Visa Debit® associated with your Enrolled Account. Conditions apply. For complete details, please see the Value Program Terms & Conditions.
The Monthly Fee is charged on the last day of the Month of your Account’s monthly cycle. If the last day is a non-Business Day, the fee is charged the previous Business Day. However, if the last day of your Account’s Monthly Cycle is a non-Business Day and falls at the beginning of the calendar month, then the Monthly Fee is collected the next Business Day.
When you enrol your eligible RBC personal bank account into the RBC Value Program, you will be eligible to earn Avion points within the Avion Rewards Program as an Eligible Personal Banking Client, and any such points earned will be deposited into the Avion Rewards account tied to your enrolled account. Purchases from your account refers to using your RBC Client Card to pay for items at a merchant or service provider with the amount electronically debited directly from your enrolled account or using your RBC Virtual Visa Debit for purchases online. Avion points are governed by the Avion Rewards Terms and Conditions available on our website, or a copy may be provided to you by contacting us. For complete details on the Value Program, please see the Value Program Terms & Conditions.
The following RBC bank accounts are eligible for the Value Program: RBC Day to Day Banking, RBC Advantage Banking (includes RBC Advantage Banking for students), RBC Signature No Limit Banking, RBC VIP Banking, RBC No Limit Banking (discontinued), RBC Student Banking (discontinued), RBC No Limit Banking for Students (discontinued), RBC Day to Day Savings, RBC Enhanced Savings and RBC High Interest eSavings.
Get more from your everyday banking when you enrol any of your eligible RBC bank accountslegal bug 4 in the Value Program. The more product categories you have, the more you earn and save.
Bank Account
$4/monthlegal bug 2
Your Savings and Rewards
after rebate*, legal bug 1
*For each enrolled account, you must also complete at least 2 out of 3 regular account activities (pre-authorized payment, direct deposit or eligible bill payment) each month to receive the monthly fee rebate.
By enrolling an eligible RBC personal bank account into the RBC Value Program, holding eligible additional RBC products (“Product Categories”, as more particularly described below), and completing certain activities from your enrolled account each month (as more particularly described below), you may be entitled to receive a partial or full rebate of your enrolled account’s standard Monthly Fee. Eligible Product Categories include RBC personal credit cards, personal investments, residential mortgages, and linked small business relationships. Multiple products in a single Product Category will be considered one Product Category. In addition to having eligible Product Categories, you must also perform any two (2) or more of the following specified account activities in the previous calendar month to or from your enrolled account: a monthly direct deposit, a monthly pre-authorized payment, or an eligible bill payment made at minimum once per month. An eligible bill payment means a bill payment completed through either RBC Online Banking, the RBC Mobile app, using an RBC ATM, or using Telephone Banking Services, and excludes any bill payment made: (i) in-person at an RBC Royal Bank branch with an RBC Advisor, (ii) to an RBC credit card account, or (iii) using an RBC Virtual Visa Debit® associated with your Enrolled Account. Conditions apply. For complete details, please see the Value Program Terms & Conditions.
The Monthly Fee is charged on the last day of the Month of your Account’s monthly cycle. If the last day is a non-Business Day, the fee is charged the previous Business Day. However, if the last day of your Account’s Monthly Cycle is a non-Business Day and falls at the beginning of the calendar month, then the Monthly Fee is collected the next Business Day.
When you enrol your eligible RBC personal bank account into the RBC Value Program, you will be eligible to earn Avion points within the Avion Rewards Program as an Eligible Personal Banking Client, and any such points earned will be deposited into the Avion Rewards account tied to your enrolled account. Purchases from your account refers to using your RBC Client Card to pay for items at a merchant or service provider with the amount electronically debited directly from your enrolled account or using your RBC Virtual Visa Debit for purchases online. Avion points are governed by the Avion Rewards Terms and Conditions available on our website, or a copy may be provided to you by contacting us. For complete details on the Value Program, please see the Value Program Terms & Conditions.
The following RBC bank accounts are eligible for the Value Program: RBC Day to Day Banking, RBC Advantage Banking (includes RBC Advantage Banking for students), RBC Signature No Limit Banking, RBC VIP Banking, RBC No Limit Banking (discontinued), RBC Student Banking (discontinued), RBC No Limit Banking for Students (discontinued), RBC Day to Day Savings, RBC Enhanced Savings and RBC High Interest eSavings.
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