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Estimate My RBC Business Account Fees
Use this quick calculator to find the best RBC business bank account based on your monthly banking activity.
Tell us about your business transaction and cash deposit needs, and we'll show you the best RBC business bank account for your usual activity. We’ll also provide an estimate of your total monthly fees.
Why We Recommend this Account
The is the most cost-effective option based on your transaction and cash deposit needs:
(You can adjust your answers below, if you like.)
| Transactions | Digital Choice Business Account |
Flex Choice Business Account |
Ulimate Business Account |
|
|---|---|---|---|---|
| Paper | ||||
| Interac e-Transfer | ||||
| Electronic | ||||
| Cash Branch | ||||
| Cash ATM / Night and Day | ||||
| Monthly Variable Costs | Recalculate | |||
| Monthly Fee | ||||
| Your Total Estimated Monthly CostLegal Disclaimer 2 | ||||
| Open Account | Open Account | Open Account | ||
| Learn More | Learn More | Learn More |
Understanding Business Account Fees
How does the business account fee estimator work?
The business account fee estimator works by asking you to enter your business’s monthly:
- Paper transactions (cheques, drafts or cash)
- Interac eTransfer transactions
- Other electronic transactions
- Dollar amount of deposits
It adds up the fees associated with these activities (plus any monthly account fee) for every RBC business chequing account. Then, it recommends the account that gives you the most valueLegal Disclaimer 1 and estimates your total monthly costLegal Disclaimer 2 based on your inputs.
Why is it important to compare business account fees?
Comparing business account fees can help you get the most value out of your bank account. By choosing the account that aligns with your business’s specific banking activity, you can save money on transaction and monthly fees to put toward other parts of your business.
How can I find the best RBC business bank account for my business?
To help you choose the right one for your business, we encourage you to:
- Take 30 seconds to answer a few questions and receive a customized account recommendation
- Use the fee calculator above to find the best RBC business chequing account based on your banking activity
No matter which RBC business account you choose, enjoy the peace of mind that comes with the RBC Digital Banking Security Guarantee.
What are some typical business account fees?
Some common business account fees include:
- Monthly Package Fees: Each account package includes a specific number of transactions per month. Visit RBC Business Chequing Accounts for details on what’s included in each package.
- Additional Transaction Fees: Standard fees and charges apply for services and transactions exceeding the number included in the account package.
How can I minimize my business account fees?
Here are a few ways to help minimize your monthly business account fees.
- Choose the right account based on your transaction preferences: Use this business account fee calculator to find the account that gives you the best value for your monthly banking activity. If the account you choose offers unlimited transactions of a certain type (for example, unlimited debits, credits or electronic cheque deposits), try to make the most of those before opting for transactions with additional fees.
- Maintain a minimum balance: If your account has a minimum balance requirement, see if maintaining that minimum balance allows you to waive your monthly account fee. For the RBC Ultimate Business Account Package, the monthly fee is waived if you maintain a certain minimum account balance.Legal Disclaimer 3
It’s also a good idea to track your monthly transactions to know when your needs have changed—and if another business bank account might be a better fit.
How do I open a business account?
There are a few easy ways to open a business account with RBC:
Online: For business chequing accounts, you can open your account online in less than 15 minutes.
By Phone: Call 1-800-769-2520
In Person: Find a branch
Explore all business accounts
Any recommendations are based on the accuracy and completeness of the information provided and are for illustrative and general information purposes only. This tool is not intended to provide specific financial, investment or other advice, and should not be relied upon in that regard. Royal Bank of Canada uses reasonable efforts to include accurate and up-to-date information in this tool, but cannot guarantee that all information is accurate, complete, or current at all times. Royal Bank of Canada does not make any express or implied warranties or representations with respect to any information or results in connection with the Business Chequing Account fee estimator tool. Royal Bank of Canada will not be liable for any losses or damages arising from any errors or omissions in any of the information or results, as well as any action or decision made by you in reliance on any information or results.
The calculations provided herein are based on the information and values provided by the user. These calculations are intended for informational purposes only and are designed to provide a general indication. It is important to note that the results are purely indicative and should not be considered as definitive or binding. These calculations should not be considered as professional advice.
$100 monthly fee is waived with a minimum daily balance of $75,000. Fee waiver applies only to the monthly package fee when the minimum daily balance is held for the entire month.