Pay for What You Use – Not What You Don’t

RBC Business Essentials® $6 Small Business Account

This business account helps you keep more of your hard-earned money in your business. With a low monthly fee and a flexible, pay-as-you-go model, you get the most out of your dollar.

Monthly Fee:

Transactions Included:
Up to 83

Minimum Balance:

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This Account May Be Right for Your Business If:

  • You’re looking for a low monthly fee, pay-as-you-go account

  • You run a small business and generally have low transaction volumes

  • You’re a seasonal business with variable monthly transaction volumes

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Account Details

Low, Flexible Pricing Allows You to Keep More of Your Money

Take advantage of a pricing structure that is as fluid as your business. In months with low activity, you only pay the minimum low monthly fee. In busier months, when your activity is higher, you only pay for what you use - nothing more.

Save More When You Bank Electronically or Through RBC ATMs2

Cutting down on paper transactions, not only saves you time but also money. Transactions completed through Online Banking for business, through the RBC Mobile App or through RBC ATMs cost less and are processed much faster.

No Minimum Balance Required

As a start-up and/or seasonal business, you won’t always have access to a consistent cash flow. With this account, you don’t need to carry a minimum balance so you know that you are only paying a minimum low monthly fee.

Keep Track of Your Revenue and Expenses

Separating business and personal banking transactions are necessary to run a successful business – and to keep your accounting processes simple and easy. Having a business operating account will help you reconcile your accounts and ease the pain of organizing your paperwork at tax time.

Additional Details

  • 24/7 Access to Your Account: Manage your money anytime, anywhere through RBC Online Banking for business and the RBC Mobile app.

  • 800+ Branches and Over 4200 ATMs: Enjoy easy access to your money through the largest combined network of ATMs and branches in Canada.

  • Make Deposits on Your Schedule: Deposit cheques anytime of the day or night with Mobile Cheque Deposit through the RBC Mobile App.

Fee Details

Monthly Fee: $6.00

View Full Pricing Chart

You May Also Consider

Saving Money

Earn interest on your available cash with no monthly fees.

Separate Your Business Expenses

Manage business expenses, large and small when paying with your business credit card.

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