Branch Safety and Account Opening Options
For the health and safety of our communities and employees, we have introduced new safety protocols in some branches and temporarily closed others.
To address the challenges facing international students, we are happy to schedule an appointment to open a bank account by phone, video conference or in branch.
Get More Perks for Less, Only at RBC
Pay for those little extras. Bank with RBC and get unlimited debit transactions in Canada. Plus, you could get approved for a credit card with no credit history required4Disclaimer.
Get no-monthly-fee banking2Disclaimer
Enjoy unlimited debit transactions in Canada with an RBC Advantage Banking account for students. Sign up for the Value Program to earn RBC Rewards points when you pay from your account3Disclaimer
No Canadian credit history required
Bank anywhere, anytime with mobile solutions
Stay on top of your money 24/7. The RBC Mobile Student Edition of the RBC Mobile6Disclaimer app makes banking easy.
Account Features and Benefits
Here’s How You Can Get Your $1001 Disclaimer Cash Offer
Open an RBC Advantage Banking for Students account by October 31, 2022.
Use your new RBC bank account to complete 2 of the following transactions by December 30, 2022:
- Eligible online or in-store purchase26Disclaimer
- Interac e-Transfer transaction
- Mobile Cheque Deposit
We’ll deposit your cash bonus directly into your new RBC bank account for students.
Add a Credit Card—No Credit History Required5Disclaimer
Ask about our other credit cards when you talk to an RBC Advisor
- Get a limit of up to $2,0004Disclaimer
- No credit history required for RBC personal banking clients5Disclaimer. Higher credit limits are subject to higher income and asset requirements.
- No annual fee
- Get 4% bonus cash back for the first 3 months (up to a maximum spend of $1,250) with a new RBC Cash Back Mastercard† Disclaimer. That’s up to 6% Cash back on grocery store purchases for the first three months and up to 5% on all other purchases for the first three months† Disclaimer. Offer ends September 30, 2022.
- Annual Fee: $0
- Additional Card: $0
- Purchase Rate: 19.99%
- Cash Advance Rate: 22.99% (21.99% if you reside in Quebec)
- Cash Advance: $5.00 in and outside of Canada
- Balance Transfer Promotional Rate Fee: Up to 3% of transaction amount
- Dishonoured Payment Fee: $45.00
- Overlimit Fee: $29.00 (fee does not apply if you reside in Quebec)
- Additional Copies: $5.00 for Monthly Statement, $1.50 for Statement Updates at the ATM, $2.00 for Transaction Receipts
- Installment Plan Fee: If applicable, either a (i) one-time fee of up to 3% of total purchase amount, or (ii) monthly fee of up to 1.15% of total purchase amount (fee does not apply if you reside in Quebec)
Easy and convenient to earn cash back even after the offer period.
- Up to 2% cash back on grocery store purchases26Disclaimer
- Up to 1% cash back on all other qualifying purchases and pre-authorized payments26Disclaimer
No limit to what you can get back
That’s right – get unlimited cashback27Disclaimer. Plus, your cash back credits accumulate automatically so you don’t need to keep track.
Save and earn faster with RBC Offers
Load personalized offers from great brands before you shop to get cash savings or to earn bonus RBC Rewards points faster28Disclaimer.
Open Your RBC Student Account Today
Start opening your account online, through the mobile app, over the phone, by video call or at a branch. Be sure to have your passport and study permit handy for your appointment.Open an Account
to book an appointment.
to book an appointment.
You must apply for the RBC Cash Back Mastercard by September 30, 2022, at an RBC Royal Bank branch, and be approved by us. You will earn an additional $4.00 back for every $100.00 (4% Cash Back Credit) in Net Purchases (including pre-authorized bill payments) charged on your RBC Cash Back Mastercard account within the first 3 months of account opening, up to a maximum total combined spend of $1,250 (“Welcome Bonus”). Thereafter, the standard Cash Back Credit earn rates of up to 2% on Grocery Store Purchases and up to 1% on other Net Purchases (that are not Grocery Store Purchases) apply. The Welcome Bonus is in addition to the standard Cash Back Credit earn rates. Cash Back Credits are not earned on cash advances (including balance transfers, cash-like transactions and bill payments that are not pre-authorized charges that you set up with a merchant), interest charges or fees, and credits for returns and adjustments will reduce or cancel the cash back credits earned by the amounts originally charged. The Welcome Bonus will appear on your next monthly statement after it was earned, and will be credited as set out in disclosure 26 (below). For complete details on the RBC Cash Back Program including standard earn rates and crediting of Cash Back Rewards, please refer to the RBC Cash Back Program Terms and Conditions at www.rbc.com/cashbackterms(opens in new window). Offer applies to new RBC Cash Back Mastercard accounts only.
One offer per eligible account. Existing cardholders of any RBC personal credit card, applying for or transferring to an RBC Cash Back Mastercard card, are not eligible for this offer. This offer may not be combined or used in conjunction with any other offer except as otherwise set out. Royal Bank of Canada reserves the right to modify, cancel or withdraw this offer at any time. This offer may be revoked at any time if we suspect you may be manipulating or abusing it, or engaging in any suspicious or fraudulent activity, as determined by Royal Bank of Canada in its sole discretion.
This offer is available to any Eligible Student Client without a Personal Banking Account with Royal Bank of Canada at the beginning of the Promotional Period or in the three-year period before the start of the Promotional Period, and who otherwise comply with the Terms of the offer. The Bonus Offer is $100 with an Eligible Personal Banking Account.
To qualify for the $100 you must open your first new Eligible Personal Banking Account by 9:00 PM EST on October 31, 2022 and complete two of the following Qualifying Criteria by 9:00 PM EST on December 30, 2022 using your Eligible Personal Banking Account:
ii. a minimum of one (1) Interac e-Transfer using RBC Online Banking or the RBC Mobile app;
iii. a minimum of one (1) mobile cheque deposit using the RBC Mobile app;
This offer may not be combined or used in conjunction with any other Personal Banking Account offers. Royal Bank of Canada reserves the right to withdraw this offer at any time without notice, even after acceptance by you. For full details including defined terms visit rbc.com/offerterms100(opens in new window).
To be considered a full-time student, you must attend a primary or secondary school OR be enrolled in a program at the post-secondary level at a college, university or other educational institution (whether in Canada or not). If you are a post-secondary student, you must take at least 60% of the usual course load for the program in which you are enrolled in any particular semester. You must advise us of your student status at the time of account opening and must advise of any changes to your student status thereafter. Proof of enrollment may be requested at our discretion. Students who are 25 years of age and older must provide proof of enrollment.