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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.

Accounts

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 Avion points when you pay from your account3Disclaimer

Credit Card

No Canadian credit history required

When you bank with RBC, you can apply for an RBC credit card even with no prior credit history in Canada5Disclaimer. Get a credit limit up to $2,0004Disclaimer.

Accounts

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

  • No-monthly-fee for full-time students2Disclaimer
  • Unlimited debit transactions in Canada
  • No RBC fee to use another bank’s ATM in Canada7Disclaimer, 8Disclaimer
  • Enjoy the Value Program at no additional cost: Shop online and in-store with your enrolled account to earn points on debit.3Disclaimer
  • Free Interac e-Transfer transactions9Disclaimer, 10Disclaimer

How to Get $100, Give $100

1

You must be:

  • a full-time student 13+
  • Currently living in Canada
1

Open Account:

Open a no monthly fee RBC Advantage Banking account for students by January 31st, 20241

2

Complete Transactions:

Set-up and complete any one of the following transactions by March 29th, 2024

  • Make at least three debit transactions
  • Register your RBC Banking account for Interac auto deposit and send one e-transfer
  • Enroll for a Virtual Visa Debit Card and make one transaction

Add a Credit Card—No Credit History Required5Disclaimer

Ask about our other credit cards when you talk to an RBC Advisor

RBC Cash Back Mastercard card
  • Get a credit 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 10% bonus cash back for the first 3 months (up to a maximum spend of $2,000) with a new RBC Cash Back Mastercard Disclaimer. That’s up to 12% Cash back on grocery store purchases for the first three months and up to 11% on all other purchases for the first three months Disclaimer. Offer ends March 31, 2024.

  • Annual Fee: $0
  • Additional Card: $0
  • Purchase Rate: 20.99%
  • Cash Advance Rate: 22.99% (21.99% if you reside in Quebec)

Additional Fees

  • 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 offers

Load personalized offers from great brands before you shop to get cash savings or to earn bonus Avion points faster28Disclaimer.

Participating Charities

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 Bank Account

Two Ways To Apply30

Recommended for International Students

Sign Up with Mobile

Opening up an RBC account in the RBC Mobile6 app is fast, simple, and secure! It typically takes about 12 minutes.

  • You must have:
    • A valid passport or Canadian driver's license from AB, BC, MB, NB, NS, ON, QC or SK
    • A Canadian address
  • Be ready to take a selfie to verify against your passport or driver’s license
Download the RBC Mobile app
to get started.
   Get the RBC Mobile App

  Sign Up Online

Opening up an RBC account online is easy and secure. It typically takes about 12 minutes.

This is the best option for:

  • Students who have minimum 3 year credit history

  • You must be the age of majority in the province or territory you live in
  • You must have:
    • A minimum of 3 years of credit history
    • A Canadian address you have been living in for the last 6 months
Open Account Online

Other Ways to Apply

Call 1-866-583-9122 to book an appointment.

Call 1-866-583-9122 to book an appointment.

Get the RBC Mobile app in the App Store (opens in a new window) Get the RBC Mobile app on Google Play (opens in a new window)

Get the RBC Mobile app in the App Store (opens in a new window) Get the RBC Mobile app on Google Play (opens in a new window)

Frequently Asked Questions

No, you do not get a tax receipt, as the donation is being made by RBC Future Launch. However, you do get to choose one of eight charities that can receive the donation.

Nope! You keep the $100 that is deposited into your new bank account if you meet the qualifying criteria.

RBC Future Launch will donate an additional $100 to an eligible charity listed on our donation page. You choose which charity will receive the additional $100 from RBC Future Launch. RBC Future Launch will donate a maximum of $500,000 total across all charities.

You will be able to choose one of eight charities that can receive the $100 donation from RBC Future Launch. A full list of participating charities will be presented to you through a unique link that will be sent from RBC to the email address used to set up your new RBC account.

The list of eligible charities includes a variety of organizations that support causes ranging from environmental issues to mental health and wellness. The full list of participating charities will be presented to you through a unique link that will be sent from RBC to the email address used to set up your new RBC account.

You will receive $100 deposited into your new bank account upon opening an eligible bank account and completing the qualifying criteria. You will not get an additional $100 in cash, but instead will get a unique single-use link that will allow you to select one of eight pre-selected RBC charities that can be found on our donation page to make a $100 donation from RBC Future Launch.

You will get an email from RBC once you have opened your new bank account and met the eligibility criteria. This email contains a unique link that will allow you to select a charity to receive the $100 donation from RBC Future Launch.

The unique donation link can only be used once before it expires on April 30, 2024.

Please note: if you lose the link, we cannot send you a new one until the end of the program/offer. We will be sending out a final reminder on April 23, 2024 to all new clients who did not use their donation link.

The first donation link will be sent out December 5, 2023 and every Tuesday after that. All donation links will expire on April 30, 2024.

Once you open your new RBC account, you’ll receive an email containing a unique donation link. That link can be used to send $100 from RBC Future Launch to a charity of your choice. The email containing this donation link will be sent to the email address used to set up your new bank account.

Unfortunately, we cannot generate a new donation link. However, on April 23, 2024, we will send out a final reminder email to all new clients who did not use their donation link. You’ll have a second chance to donate at this time.

No, each link is unique and can only be used once. Once a charity has been selected to receive the donation, it cannot be changed.

Yes, your donation link will expire on April 30, 2024.