Business Trust Account

Competitive Interest Rates

Get access to competitive market rates on the funds held on behalf of your clients.

Easy to Use and Understand

Comprehensive instructions to help you administer your account(s). You’ll have access to all the tools and tips available to help you manage your account successfully.

Reconciliation and Auditing Made Easier

Take advantage of a streamlined, and efficient reporting service, making record keeping and reconciliation much easier and faster.

• Multiple Accounts Under One Umbrella: Manage a large number of sub-accounts under one control account.

• CDIC Eligible: All funds in individual sub-accounts are eligible for deposit insurance by CDIC.

• Trusteed Deposit Service: Efficiently maintain, monitor, report and audit individual trust accounts.

• If your firm manages many low-activity trust accounts, the Trusteed Deposit Service is right for you. You may use it to help you efficiently maintain, monitor, report and audit individual trust deposits.

• You want to safeguard your clients’ (beneficiaries) assets and monies held in trust and are looking for an easy process to open and close individual trust accounts. The Trusteed Deposit Service has many benefits, such as:

  • Competitive interest rates on accounts

  • Easy to use, comprehensive operating instructions for administration

  • Streamlined, efficient reporting, for easy reconciliation and auditing of individual beneficiaries trust deposits

  • Secure knowledge that funds within individual trust accounts are eligible for deposit insurance by CDIC

  • Mitigate risks associated with managing monies held in trust

Business Trust Account Monthly Fee: Based on your operating account

Each subsidiary account is eligible for deposit insurance with Canada Deposit Insurance Corporation (CDIC) for coverage of up to $100,000.

Trusteed Deposit Service Monthly Fee: Please speak to your RBC^® account manager or call an RBC business advisor at 1-800-769-2520