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 newcomers, we are happy to schedule an appointment to open a bank account by phone, video conference or in branch.
Call Us to Get the RBC Newcomer Advantage*Disclaimer
As one of Canada’s largest banks—with over 150 years serving newcomers—we have learned what you need when you first arrive in Canada.
$100 Cash when you open an eligible bank account and complete the qualifying criteria‡Disclaimer
No-Monthly-Fee Banking for a year with an eligible account2Disclaimer
Up to 6,000 RBC Rewards Points with an RBC Rewards+ Visa credit card3Disclaimer
Get Started with an RBC Advantage Banking Account
Get $100 Cash
When you open your account by August 31, 2021 and complete the qualifying criteria by November 30, 2021.‡Disclaimer
- No-monthly-fee banking for a year2Disclaimer
Value of more than $140
- Unlimited debit transactions in Canada
- Free Interac e-Transfer transactions6Disclaimer , 7Disclaimer
- No RBC fee to use another bank’s ATM in Canada8Disclaimer , 9Disclaimer
- 1 book of 50 cheques free10Disclaimer
- Enjoy the Value Program at no additional cost: Shop online and in-store with your enrolled account to earn points on debit.12Disclaimer
Included With This Account
Add a Credit Card—No Credit History Required13Disclaimer
Value of up to $60
- No annual fee
- Get 2,500 welcome points upon approval14Disclaimer
- Get an additional up to 3,500 bonus RBC Rewards points when you go digital within 60 days of card approval15Disclaimer.
- Additional Card: $0
- Purchase Rate: 19.99%
- Cash Advance Rate: 22.99%
- Includes Purchase Security and Extended Warranty Insurance16Disclaimer
- Cash Advance: $3.50 in Canada and $5.00 outside of Canada
- Balance Transfer Promotional Rate Fee: Up to 3% of transaction amount
- Dishonoured Payment Fee: $45.00
- Overlimit Fee: $29.00 (No Overlimit Fee for residents of Quebec)
- Additional Copies: $5 for a Monthly Statement, $1.50 for Statement updates at the ATM, $2 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 (no fee in Quebec).
2,500 welcome RBC Rewards points offer ends October 31, 2021.
Call Us to Get the RBC Newcomer Advantage
Call 1-866-756-1106 to book an appointment.
Call 1-866-756-1106 to book an appointment.
Get started by opening an RBC Advantage Banking account by phone, video conference or in branchOpens modal pop-up .
Service available in up to 200 languages
Available to newcomers to Canada who are Eligible Personal Clients and do not have an existing credit card account with Royal Bank of Canada.
“Eligible Personal Client” means a client who meets all of the following conditions:
- Is a newcomer to Canada having arrived in Canada within the last 12 months of the date an Eligible Personal Banking Account is opened, and/or a newcomer who arrived in Canada within the last five years of the date an Eligible Personal Banking Account is opened when they switch an account they have with another financial institution to an Eligible Banking Account. Must show proof of entry into Canada and provide supporting documents such as landing papers or permanent resident card;
- Is a resident of Canada and is of the age of majority in the province in which they reside as of the date that an Eligible Personal Banking Account is opened. Residence is determined by the jurisdiction (province or territory) where a person has their primary tax filing obligation based on their regular place of residence; and,
- Does not have an existing Personal Banking Account with us.
For full details, including defined terms, visit https://www.rbc.com/newcomers/_assets-custom/pdf/Terms-and-Conditions.pdf(PDF opens in new window). Offers may be withdrawn at any time and are subject to change without notice.
Up to $650 value is a combination of: (i) 12-month monthly fee waiver with an RBC Advantage Banking account (a value of $143.40 based on the monthly fee of $11.95), (ii) fee waiver for up to 2 International Money Transfer transactions per month for one year ($10 for each IMT transaction, up to $240 value) until October 31, 2021, (iii) small safe deposit box fee waiver for two years ($120 value) until December 31, 2021, (iv) up to 6,000 RBC Rewards points with an RBC Rewards+ Visa credit card (up to $60 value), and (v) $100 cash bonus offer with an RBC Advantage Banking account that is opened between June 15, 2021 and August 31, 2021 with qualifying criteria completed by November 30, 2021.
Offer available to Eligible Personal Clients without a Personal Banking Account with Royal Bank at the beginning of the Promotional Period or in the five year period before the start of the Promotional Period, who open their first new Eligible Personal Banking account by August 31, 2021 and who comply with all other terms and conditions. Bonus Amount is $100 with an RBC Advantage Banking account (monthly fee of $11.95) (an “Offer”). You must also complete at least two of the following Qualifying Criteria by November 30, 2021: (i) set up at least two pre-authorized payments from the Eligible Personal Banking Account; (ii) set up at least one automated and recurring payroll or pension direct deposit to the Eligible Personal Banking Account; and/or (iii) set up at least two bill payments to a service provider from the Eligible Personal Banking Account. Offer will be deposited into your Eligible Personal Banking Account between 2 and 10 weeks of completing all Qualifying Criteria. Royal Bank of Canada may withdraw or amend this Offer at any time without notice. For full details including defined terms visit rbc.com/offerterms300.
Monthly fee will be waived for the first twelve months upon account opening of the RBC Advantage Banking account or RBC VIP Banking account. Thereafter the standard monthly fee applicable to your account type will be charged: monthly fee of $11.95 for the RBC Advantage Banking account or monthly fee of $30.00 for the RBC VIP Banking account. For RBC VIP Banking account, $10,000 CAD must be deposited into the account within 20 days of account opening to qualify for the promotional offer, which expires October 31, 2021. Other account transaction fees may apply. Monthly fee waiver for the first twelve months may be replaced with any in-market offer that applies to the RBC Advantage Banking or RBC VIP Banking account. Available only to newcomers; please see the eligibility requirements in above note *. Offer may be withdrawn or amended at any time without notice. See complete terms and conditionsPDF opens in new window that apply to this promotional offer.
Up to 6,000 RBC Rewards points is a combination of 2,500 welcome RBC Rewards points exclusive to eligible newcomers, as outlined in note 14, and the digital bonus offer of up to 3,500 RBC Rewards points set out in note 15.
Available only to newcomers (please see the newcomer eligibility requirements in above note *) who become RBC clients between April 1, 2020 and October 31, 2021 (Promotional Period) by opening an RBC Advantage Banking account, RBC Signature No Limit Banking account or RBC VIP Banking account (each an Eligible Personal Banking Account).
International Money Transfer (IMT) transaction fee waivers will be given for up to 12 months from the date of account opening, with up to 2 IMT transactions per month (for a total of 24 IMT transactions) for RBC Advantage Banking and RBC Signature No Limit Banking accountholders and up to 3 IMT transactions per month (for a total of 36 IMT transactions) for RBC VIP Banking accountholders (the "IMT Offer").
Rebates to be applied to the Eligible Personal Banking Account within 45 days of a qualifying IMT transaction.
This IMT Offer applies only to the first personal banking account opened per newcomer during the Promotional Period, no matter how many Eligible Personal Banking Accounts one may open during the Promotional Period.
If the first personal banking account opened is not an Eligible Personal Banking Account, the offer is not applicable, even if an Eligible Personal Banking Account is subsequently opened.
The IMT Offer will apply if the first non-eligible account is upgraded to an Eligible Personal Banking Account within 30 days of the non-eligible account being opened, provided that both the non-eligible account is opened and the upgrade to an Eligible Personal Banking Account is completed within the Promotional Period.
The IMT Offer applies to only one account opening during the Promotional Period per Eligible Personal Banking Account, even if the Eligible Personal Banking Account is opened jointly and by more than one co-owner newcomer. In this case, only the co-owner designated as the Primary Owner at the time of opening of the jointly-held Eligible Personal Banking Account will qualify for the IMT Offer.
The Eligible Personal Banking Account opened to qualify for the IMT Offer must remain open and in good standing to receive the rebate.
If an Eligible Personal Banking Account is downgraded to an ineligible account type or closed, the IMT Offer will cease to apply as of the time of downgrade or closure and unrebated transactions will not be credited.
After IMT Offer, International Money Transfer transactions that are under $1,000 have a fee of $6 per transaction. Transactions between $1,000.01 to $2,500 have a fee of $10 per transaction. Excess debit transaction fee may also apply depending on the account. Additional service fees by any intermediary and receiving bank may also apply. Maximum of $2,500 Canadian dollars or Canadian dollar equivalent per client per day. Transfers can only be made from eligible Canadian dollar bank accounts. The IMT service is not available for money transfer transactions with recipients in Canada or in restricted countries. You cannot send an IMT from a U.S. dollar account or an RBC High Interest eSavings account.
Available only to newcomers (please see the eligibility requirements in above note *). Annual fees will be waived for RBC Advantage Banking and RBC Signature No Limit Banking accounts (each an "Eligible Account") for up to two-year rental (offer ends December 31, 2021) of a small safe deposit box (SDB), where such boxes are available. Standard safe deposit box fees are collected in advance in January for each calendar year. If you open, switch or are converted to an Eligible Account, the standard fee applicable to your eligible safe deposit box will be waived in full or in part for the current year, depending on the time when the box is opened, and in full for the following year. RBC VIP Banking account holders receive one small box free as a standard feature of that account type, so long as they maintain their RBC VIP Banking account in good standing; offer cannot be combined with any other safe deposit box offer. Offer is subject to change without notice.
There is a limit of 999 free Interac e-Transfer Transactions per Month per Account; for every Interac e-Transfer Transaction over the limit, you will be charged $1.00.
Interac e-Transfer Transactions expire 30 days after they are sent and cannot be claimed by the recipient after this time. You have 15 days after the Interac e-Transfer Transaction is sent to cancel without charge. A $5.00 Interac e-Transfer Transaction Reclaim Fee is charged when a recipient does not accept it before it expires and the sender does not cancel the transaction before the 15-day cancellation period.
An ATM operator surcharge (also called convenience fee) may be charged by other ATM operators. The convenience fee is not a Royal Bank fee. It is added directly to the amount of your cash withdrawal. All clients who use non-RBC ATMs may be charged a convenience fee regardless of the type of Account they hold.
When you use your Client Card to make a withdrawal in a currency other than Canadian dollars at an ATM outside Canada displaying the PLUS system symbol, we will convert the amounts withdrawn and any associated charges imposed by any third party for the use of the ATM to Canadian dollars when we deduct the funds from your Account. We will convert these amounts to Canadian dollars no later than the date we post the transaction to your Account at our exchange rate, which is 2.5% over a benchmark rate set by Visa International, a subsidiary of Visa Inc., and which Royal Bank of Canada pays on the date of conversion. This rate may be different from the rate in effect on the date your ATM withdrawal occurred or on the date of the transaction.
RBC Royal Bank style cheques can be ordered only through RBC’s third-party authorized cheque-printing service provider. The order must be placed within three years of the Account opening date. The first order is for 50 free personalized cheques with no special add-on cheque features and includes shipping and handling, afterwards fees apply.
Debit transactions made using your Virtual Visa Debit Number do not count against any monthly transaction limits applicable to your personal deposit account. Other account fees may apply. Please see the RBC Royal Bank Disclosures and Agreements related to Personal Deposit Accounts booklet or other applicable account agreement for further details. You must request a Virtual Visa Debit card.
When you enrol your eligible RBC personal bank account into the RBC Value Program, you will be eligible to earn RBC Rewards points within the RBC Rewards Program as an Eligible Personal Banking Client, and any such points earned will be deposited into the RBC Rewards account tied to your enrolled account. Purchases from your account refers to using your RBC Client Card to pay for items at a merchant or service provider with the amount electronically debited directly from your enrolled account or using your RBC Virtual Visa Debit for purchases online. RBC Rewards points are governed by the RBC Rewards Terms and Conditions available on our website, or a copy may be provided to you by contacting us. For complete details on the Value Program, please see the Value Program Terms & ConditionsPDF opens in new window.
An RBC Royal Bank credit card with no credit history is available to RBC personal deposit accountholders who are (i) permanent residents and international students who have arrived in Canada within the last 12 months, or (ii) temporary resident workers who arrived in Canada within the last 48 months, provided you meet all of the eligibility and credit criteria of Royal Bank of Canada. If you do not qualify for an unsecured RBC Royal Bank credit card, you may still be eligible for a credit card provided you give us a security deposit and meet Royal Bank of Canada's eligibility criteria. Newcomers to Canada who do not qualify for this offer may be eligible for an RBC personal credit card subject to the standard eligibility and lending criteria of Royal Bank of Canada, including Canadian credit history.
Available to newcomers who are (i) permanent residents or international students who arrived in Canada within the last 12 months, or (ii) temporary resident workers who arrived in Canada within the last 48 months, provided you meet all of the eligibility and credit criteria of Royal Bank of Canada. If you don't qualify for an unsecured RBC Royal Bank credit card, you may still be eligible for a credit card provided you give us a security deposit and meet Royal Bank of Canada's eligibility criteria. To receive 2,500 welcome RBC Rewards points, your application form must be received by October 31, 2021 and approved by us. Upon enrolment, 2,500 bonus RBC Rewards points will appear on your first credit card statement. Additional cardholder(s), as well as existing RBC Rewards+ Visa cardholders as of the offer eligibility period, are not eligible for this offer. Offer may be amended or withdrawn at any time without notice.
To receive 3,500 RBC Rewards points on your RBC Rewards+ Visa credit card account as part of our digital bonus offer, get 500 points for completing each of the following activities within 60 days of credit card approval: (i) share your email address with us, (ii) sign up for eStatements for your card, (iii) download and sign into the RBC Mobile app, and provided you bank with RBC (with an RBC Day to Day Banking, RBC Advantage Banking, RBC Private Banking, RBC Signature No Limit Banking, RBC VIP Banking, US Personal Account, Ratelink Essential, Ratelink Preference, RBC Day to Day Savings, RBC Enhanced Savings or RBC High Interest eSavings account), (iv) make an Interac e-Transfer with the RBC Mobile app or RBC Online Banking, (v) Transfer funds with the RBC Mobile app or RBC Online Banking, (vi) deposit a cheque with the RBC Mobile app and (vii) pay a bill with the RBC Mobile app or RBC Online Banking. Additional cardholder(s), as well as existing RBC Rewards+ Visa cardholders as of the offer eligibility period, are not eligible for this offer. This offer may not be combined or used in conjunction with any other offer, unless otherwise indicated by us. Offer may be amended or withdrawn at any time without notice.
Coverage underwritten by Aviva General Insurance Company in the Province of Quebec and by RBC Insurance Company of Canada in the rest of Canada. All insurance is subject to limitations and exclusions. Please refer to the certificate of insurance for complete details.
RBC Canada, the RBC Rewards app and RBC Online Banking are operated by Royal Bank of Canada. RBC Mobile is operated by Royal Bank of Canada, RBC Direct Investing Inc. and RBC Dominion Securities Inc. Standard message and data charges apply to any bonus offers you fulfill using your device.