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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

Make a Difference by Supporting a Worthy Cause

For a limited time, when you open an RBC student bank account, will donate $75 to a cause you care about. Choose from one of eight pre-selected charities dedicated to important causes: Canadian Mental Health Association (CMHA), Tree Canada, Black Health Alliance (BHA), Earth Rangers Environmental Education and Action, Easter Seals Canada, International Development Relief Foundation (IDRF), National Gallery of Canada, Canadian Red Cross. Plus, you’ll receive $75 cash — and all the perks of RBC Vantage.

How it works

1

Open an RBC Advantage Banking account for students by January 31, 20231Disclaimer

2

Set-up and Complete any one of the following transactions by March 31, 2023:

  • 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
2

RBC will deposit a $75 cash bonus directly into your new RBC bank account for students

2

RBC will email you a unique donation link which you can use to donate $75 from RBC Future Launch to one of eight eligible charities29Disclaimer.

To Qualify:

  • You’re a full-time student 13+
  • You’re currently living in Canada
  • You open an RBC Advantage Banking for student account
  • You will require one piece of government-issued photo ID to apply

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 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 February 28, 2023.

  • Annual Fee: $0
  • Additional Card: $0
  • Purchase Rate: 19.99%
  • 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 RBC Offers

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

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.

No, you can keep the $75 that is deposited into your new bank account if you meet the qualifying criteria.

RBC Future Launch will donate an additional $75 to an eligible charity listed on our donation page. You can choose which charity will receive the additional $75 from RBC Future Launch.

You will be able to choose one of eight charities that can receive the $75 donation from RBC Future Launch. The eligible charities are:

  • Canadian Mental Health Association (CMHA)
  • Tree Canada
  • Black Health Alliance
  • Earth Rangers Environmental Education and Action
  • Easter Seals Canada
  • International Development Relief Foundation (IDRF)
  • National Gallery of Canada
  • Canadian Red Cross

We have a variety of charities that cover causes ranging from environmental issues to mental health and wellness. The full list of charities participating in this program is listed below:

  • Canadian Mental Health Association (CMHA)
  • Tree Canada
  • Black Health Alliance
  • Earth Rangers Environmental Education and Action
  • Easter Seals Canada
  • International Development Relief Foundation (IDRF)
  • National Gallery of Canada
  • Canadian Red Cross

To make a donation, open the welcome email from RBC regarding your new account. You’ll find a unique link that you can use to select the charity listed above and make a donation from RBC Future Launch.

Unfortunately we cannot split the $75 donation between charities. You must select one charity from our list of participating charities to receive the $75 donation.

You will receive $75 deposited into your new bank account upon opening an eligible bank account and completing the qualifying criteria. You will not get an additional $75 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 $75 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 $75 donation from RBC Future Launch.

The unique donation link can only be used once before it expires on June 15, 2023.

Please note: if you lose the link, we cannot send you a new one until the end of the program/offer. We will sending out a final reminder on June 6, 2023 to all new clients who did not use their donation link.

The first donation link will be sent out December 6, 2022 and every Tuesday after that. All donation links will expire on June 15, 2023.

Once you open your new RBC account, you’ll receive an email containing a unique donation link. That link can be used to send $75 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 June 6, 2023, 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 June 15, 2023.