Supplement your cash flow with a line of credit that gives you access to the funds you need, when you need them. The 2-way revolving line of credit, available at a minimal extra cost, automatically deposits funds into your operating account when you are low and transfers funds back to pay your principal.
Call our 24/7 Business Helpline1-800-769-2520
Credit lines start at $10,000
Your business deposit balance is automatically checked every business day and funds transferred from your Royal Business OperatingLine to your account to cover any shortfalls. The credit line is then automatically paid down with available funds in your everyday operating account.
Access additional funds for your business deposit account at any time – through ATMs, Online Banking for Business and through the RBC Mobile1 App or in branch.
There are two options for transferring funds between the Royal Business OperatingLine and your RBC everyday operating account**
OperatingLine PLUS: Two-way revolve between the Royal Bank OperatingLine and your RBC operating account means you never have to worry about funds being available or paying the principle of your credit line.
OperatingLine: One-way transfer of funds from your Royal Business OperatingLine to your RBC operating account.
The automatic transfer between the Royal Business OperatingLine and operating account is operated through a Revolving Funds Arrangement. Revolving Funds Arrangement is an arrangement between the client and the Bank that whenever the account is overdrawn, the Bank will revolve the loan up to the available credit limit to cover the overdraft (and Minimum Retained Balance) in agreed upon revolvement multiples. For the OperatingLine Plus option, the Bank will also, whenever there is a credit balance in the Everyday Operating Account, apply all of that balance to the Royal Bank OperatingLine (depending on the revolving increments and Minimum Retained Balance).
The interest paid on your Royal Business OperatingLine is based on the Royal Bank Prime rate.
$100 set up
$35 or $25 monthly fee (1 way vs. 2 way revolve)
$75 annual monitoring fee
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