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RBC Advantage Banking for students

Monthly Fee: $0

Get $100, Give $100* when you open a no monthly fee RBC Advantage Banking account for students1,2

*Students, get $100 and we’ll donate another $100 to an eligible charity of your choice**.

Open Account

**Up to $500,000 CAD (in total contributions).

Conditions apply. Offer expires January 31, 2024.

RBC Advantage Banking
account for students

Star

$0
Monthly Fee3

for full-time students4

Visa Checkout

Unlimited Debit
Transactions

in Canada

Mobile

Free Interac
e-Transfer Transactions5,6

in Canada

ATM

No ATM Fee From RBC

to Use Another Bank’s ATM in Canada7,8

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

Let’s Get Started

There are two simple and secure ways to open your new RBC Advantage
Banking account for Students19

Open through RBC
Mobile App
9

Great option for:

International Students

Students who are 13+19

QR code for RBC Mobile app
  • You must have a valid passport or Canadian driver’s license from AB, BC, MB, NB, NS, ON, QC or SK
  • Be ready to take a selfie to verify against your passport or driver’s license
Get the RBC Mobile App

Open Online

Great option for:

Students who are 20+ and have a minimum 3 year credit history.

Open Account
  • You must be the age of majority in the province or territory you live in
  • A minimum of 3 years of credit history
  • A Canadian address you have been living in for the last 6 months
  • You must have A valid passport or Canadian driver’s license from AB, BC, MB, NB, NS, ON, QC or SK
  • Be ready to take a selfie to verify against your passport or driver’s license
  • You must be the age of majority in the province or territory you live in
  • A minimum of 3 years of credit history
  • A Canadian address you have been living in for the last 6 months

Participating Charities

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. The eligible charities are:

  • AquaAction
  • Black Health Alliance
  • Canadian Mental Health Association
  • Canadian Red Cross
  • Kids Help Phone
  • Indus Community Services
  • March of Dimes Canada
  • NPower Canada

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 charities participating in this program is listed below:

  • AquaAction
  • Black Health Alliance
  • Canadian Mental Health Association
  • Canadian Red Cross
  • Kids Help Phone
  • Indus Community Services
  • March of Dimes Canada
  • NPower Canada

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.

Student Resources

International Students

Find all the tools and resources you need to bank with confidence.

Students 12 and Younger

Get $2517 when you open an RBC Leo’s Young Savers Account.

Offer ends January 31, 2024

RBC High Interest eSavings Account

Earn 5.5% interest26,27 for 3 months when you open your first RBC High Interest eSavings account.

Offer expires 3:00 PM EST on December 22, 2023