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.
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
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.
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 cash and cheques anytime of the day or night with Mobile Cheque Deposit through the RBC Mobile App.
Monthly Fee: $6.00View Full Pricing Chart
Volume Discounts for each Credit or Debit
(paper based transactions)
|1-30 (Credit or Debits)||$1.25 each||$0.75 each|
|31-100 (Credit or Debits)||$1.20 each||$0.70 each|
|101 plus (Credit or Debits)||$1.15 each||$0.60 each|
|Items deposited||$0.22 each|
(Night & Day deposit)
|$2.252 per $1000|
|$2.25 per $1000|
|$2.50 per $1000|
You May Also Consider
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.