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Get back up to $300 cash back with RBC and Ownr.
Use this quick calculator to find the best RBC business bank account based on your monthly banking activity.
Send, deposit or receive paper transaction ( cheques, drafts or cash)
Paper transaction are transactions using paper cheques, bankers' drafts or cash.
Send Interac eTransfer transactions
Interac e-Transfer is a fast and convenient way to send money to anyone from within the security of your online or mobile banking service.
Send or receive other electronic transactions
Electronic transactions include online bill payments, pre-authorized payments (PAPs) and point of sale (POS) transactions.
Inside the branch (with a teller)
Deposit inside the branch are the deposits carried out with a branch teller
At the ATM or Night and Day deposit box
These would be the deposits made at the ATM or the Night and Day Deposit box
$NA
(Variable Fees + Monthly Fee)
Total Monthly CostLegal Disclaimer 2:
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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.)
How does the business account fee estimator work?
The business account fee estimator works by asking you to enter your business’s monthly:
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:
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:
How can I minimize my business account fees?
Here are a few ways to help minimize your monthly business account fees.
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
View Legal DisclaimersHide Legal Disclaimers
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.
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