{"id":95828,"date":"2025-10-27T11:42:54","date_gmt":"2025-10-27T15:42:54","guid":{"rendered":"https:\/\/www.rbcroyalbank.com\/en-ca\/?post_type=rbc_my_money_matter&#038;p=95828"},"modified":"2025-10-27T11:42:56","modified_gmt":"2025-10-27T15:42:56","slug":"a-guide-to-no-annual-fee-banking-for-young-adults","status":"publish","type":"rbc_my_money_matter","link":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/","title":{"rendered":"A Guide for Young Adults Who Are Not Students: How to Take Advantage of No-Monthly-Fee Banking"},"content":{"rendered":"\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<div class=\"wp-block-rbc-rbc-block drop-shadow pos-rel top-line-blue block-wpr\">\n<div class=\"wp-block-rbc-rbc-block-inner-block block-inner\">\n<h4 class=\"wp-block-heading\" id=\"h-tldr\">TLDR<\/h4>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>A no fee account&nbsp;here means a standard chequing account with no monthly fee, it\u2019s ideal for young adults to manage money without a monthly cost.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>No monthly fee bank accounts&nbsp;for teens, students, post grads and young adults often include perks like unlimited debits or no-fee ATM access.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Even&nbsp;no&nbsp;monthly fee&nbsp;bank accounts&nbsp;can have extra charges or limitations. Take time to compare options and choose the features that matter most to you.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>With a range of account options available, it\u2019s easy to find the&nbsp;a no monthly fee bank account in Canada&nbsp;to match your spending habits and banking needs.<\/p>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<p>When you\u2019re fresh out of school or early in your career and trying to build a life (and your savings), bank account fees can feel like an unwelcome expense. Even small charges\u2014for things like debit transactions or transferring money to friends\u2014can add up quickly.<\/p>\n\n\n\n<p>If you are a full time student, you can have a no monthly fee bank account regardless of your age. The good news now is, if you are under 25, you may also qualify for no monthly fee banking regardless if you are a student or not. Many Canadian banks now offer&nbsp;no monthly fee bank accounts&nbsp;designed to help young adults keep more of their money while they build healthy financial habits. Find out what these&nbsp;&nbsp;bank accounts&nbsp;include, whether you\u2019re eligible and how you can make the most of them.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-no-monthly-fee-bank-accounts-the-basics\">No Monthly Fee Bank Accounts: The Basics<\/h2>\n\n\n\n<p>A \u201cNo Monthly fee&nbsp;bank account\u201d is exactly what it sounds like\u2014an account without a monthly maintenance fee. You might also see these accounts described as&nbsp;<em>no-fee bank accounts<\/em>,&nbsp;<em>no-cost bank accounts<\/em>&nbsp;or&nbsp;<em>free banking<\/em>. In Canada, major banks and credit unions offer them as part of a federal agreement with the Government of Canada, which helps ensure that consumers have access to affordable everyday banking options.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-are-the-advantages-of-a-no-monthly-fee-bank-account\">What are the advantages of a&nbsp;no monthly fee bank account?<\/h3>\n\n\n\n<p>The biggest benefit is obvious: save money by avoiding a monthly fee. But&nbsp;these &nbsp;accounts&nbsp;also help young adults build financial independence by making it easier to track spending and help grow savings\u2014without the stress of an added monthly charge. Many student and youth-oriented accounts transition seamlessly into standard bank accounts, so you don\u2019t need to open a new account when your needs change. For young people just starting out, the combination of savings, flexibility and simplicity can be helpful.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-who-is-eligible-for-a-no-monthly-fee-bank-account\">Who is eligible for a&nbsp;no monthly fee bank account?<\/h3>\n\n\n\n<p>Eligibility depends on the type of account and the financial institution offering it. Many banks provide&nbsp;no monthly fee chequing accounts&nbsp;for young adults under 25, while others focus on students, newcomers to Canada or seniors. Even if you\u2019re not a full-time student, you may still qualify for no monthly fee banking\u2014something worth looking into before you open your next bank account. The process is simpler than you might think\u2014this&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/how-to-open-a-bank-account-in-5-simple-steps\/\" data-dig-id=\"LP-95828-fc5d5e9b\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"five-step guide\" class=\"rbc-link-format\">five-step guide<\/a>&nbsp;shows you how.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-is-the-difference-between-no-monthly-fee-and-low-cost-bank-accounts\">What is the difference between no monthly fee and&nbsp;low-cost bank accounts?<\/h3>\n\n\n\n<p>It\u2019s worth noting that&nbsp;<em>no monthly fee<\/em>&nbsp;and&nbsp;<em>low cost<\/em>&nbsp;aren\u2019t quite the same thing. A&nbsp;no monthly fee bank account&nbsp;usually means you don\u2019t pay a monthly fee for everyday features like debit purchases,&nbsp;<em>Interac<\/em>&nbsp;e-Transfer transactions, or mobile deposits. A&nbsp;low-cost bank account&nbsp;charges a small monthly fee\u2014often around $4\u2014but still gives you a set number of transactions and services at an affordable rate.<\/p>\n\n\n\n<p>Because Canadian banks have to offer at least one low-cost option, you\u2019ll always have access to affordable everyday banking, even if you don\u2019t qualify for a no monthly fee account. The Government of Canada also offers a handy comparison tool to help you&nbsp;<a href=\"https:\/\/itools-ioutils.fcac-acfc.gc.ca\/ACT-OCC\/SearchFilter-eng.aspx\" data-dig-id=\"LP-95828-c6333cb7\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"review low-cost&nbsp;and no-cost accounts across different banks\" class=\"rbc-link-format\">review low-cost&nbsp;and no-cost accounts across different banks<\/a>.<\/p>\n\n\n\n<p><strong>Dig deeper:<\/strong>&nbsp;Some no monthly fee accounts come with limits on certain transactions, like ATM withdrawals or international transfers, so know what\u2019s included before you sign up.&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/no-fee-chequing-accounts-explained-how-they-work-and-what-to-watch-for\/\" data-dig-id=\"LP-95828-0efebe28\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"RBC Money Academy\" class=\"rbc-link-format\">RBC Money Academy<\/a>&nbsp;has a full breakdown of how &nbsp;no monthly fee &nbsp;chequing accounts work.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-no-monthly-fee-bank-accounts-typically-include\">What&nbsp;No Monthly Fee &nbsp;Bank Accounts&nbsp;Typically Include<\/h2>\n\n\n\n<p>No monthly fee chequing accounts usually cover the basics of everyday banking, though details vary between financial institutions. Here\u2019s what you can typically expect, along with where you might still see fees:<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column has-text-reg-font-size is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:900px\">\n<table class=\"table-stack wp-block-rbc-stackable-table-block is-style-table-striped col-stack\"><tbody><tr><td><strong>Feature<\/strong><\/td><td><strong>What It Means for You<\/strong><\/td><\/tr><tr><td>No monthly fee<\/td><td>Pay no monthly maintenance fee if you meet the eligibility requirements.<\/td><\/tr><tr><td>Unlimited debit transactions<\/td><td>Make unlimited day-to-day purchases with a debit card.<\/td><\/tr><tr><td>Free <em>Interac <\/em>e-Transfer transactions<\/td><td>Send money to friends or family without paying per transfer.<\/td><\/tr><tr><td>No-fee bill payments<\/td><td>Pay bills online, through a mobile app or at ATMs without extra charges.<\/td><\/tr><tr><td>ATM withdrawals at no cost<\/td><td>Withdraw cash at no cost at your bank&#8217;s ATMs.<\/td><\/tr><tr><td>Convenient online and mobile banking<\/td><td>Manage accounts anytime, deposit cheques from your mobile phone and set up alerts to track spending.<\/td><\/tr><tr><td>Monthly e-statements<\/td><td>Access electronic statements at no charge.<\/td><\/tr><\/tbody><\/table>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n<\/div>\n\n\n\n<p><strong>Note:<\/strong>&nbsp;There can be a fee for services like overdraft protection, cheque orders and international wire transfers, even if your account itself has no monthly fee.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-avoid-additional-banking-fees\">How to Avoid Additional Banking Fees<\/h2>\n\n\n\n<p>Even with a no monthly fee account, it\u2019s possible to run into extra charges if you\u2019re not careful. Here are some common fees to look for\u2014and how to avoid them:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p><strong>Transaction limits:<\/strong>&nbsp;Some accounts cap the number of free monthly debit purchases or&nbsp;<em>Interac<\/em>&nbsp;e-Transfer transactions. Track your usage to stay within the limit.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p><strong>ATM fees:<\/strong>&nbsp;Banks often charge for cash withdrawals from another bank\u2019s ATM or international cash machines. Use your own bank\u2019s ATM network to avoid those extra costs.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p><strong>Overdraft fees:<\/strong>&nbsp;Spending more than your balance can trigger overdraft charges. Keep an eye on your account balance and consider setting up alerts.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p><strong>Paper statement fees:<\/strong>&nbsp;Some banks charge to send you a statement in the mail. Switch to e-Statements, which are typically free.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p><strong>International service fees:<\/strong>&nbsp;Using your debit card abroad or sending international transfers often comes with added costs. Check the fee schedule before traveling or transferring money.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<p>Paying attention to these details can help you&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/banking-services\/save-on-bank-fees.html\" data-dig-id=\"LP-95828-8685b8f1\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"save on banking fees\" class=\"rbc-link-format\">save on banking fees<\/a>&nbsp;and keep your \u201cno monthly fee\u201d account without extra fees .<\/p>\n\n\n\n<p><strong>Dig deeper:&nbsp;<\/strong>Not sure what counts as a banking fee? Some charges are easy to overlook, like paper statement fees or out-of-network ATM withdrawals. Learn what bank fees are and how to keep them from eating into your budget.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-choose-a-no-monthly-fee-bank-account\">How to Choose a&nbsp;No Monthly Fee &nbsp;Bank Account<\/h2>\n\n\n\n<p>There are important differences between&nbsp;no monthly fee bank accounts. As you\u2019re considering opening an account, it helps to look beyond the \u201c$0 monthly fee\u201d offer and think about what features and services matter most to you.<\/p>\n\n\n\n<p>Some factors to weigh when comparing accounts:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p><strong>ATM network:<\/strong>&nbsp;How easy is it to withdraw cash without paying extra fees?<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p><strong>Digital tools:<\/strong>&nbsp;Does the mobile app let you deposit cheques, set up alerts and track your spending?<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p><strong>In-person service:<\/strong>&nbsp;Do you want the option to do some transactions face to face, or are you comfortable banking entirely online?<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p><strong>Customer service:<\/strong>&nbsp;How easy is it to get support if something goes wrong\u2014through a call centre, live chat or in-branch visit?<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p><strong>Bank\u2019s track record:<\/strong>&nbsp;Is the bank well-established, or is it a newer online-only player?<\/p>\n<\/li>\n<\/ul>\n\n\n\n<p>It also helps to think about&nbsp;<strong>where you\u2019ll open your account<\/strong>. Online-only banks often lead with free banking as their main draw, but they don\u2019t usually offer in-branch service or wide ATM networks. Larger financial institutions may provide&nbsp;no monthly fee bank accounts&nbsp;through special programs, giving you the added benefit of ATM access, in-branch transactions and strong digital tools.<\/p>\n\n\n\n<p>Taking the time to consider these details will help you choose an account that matches your lifestyle. If you\u2019re ready to start comparing options,&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/bank-accounts\/chequing-accounts\/index.html\" data-dig-id=\"LP-95828-6bf995b7\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"this guide to chequing accounts\" class=\"rbc-link-format\">this guide to chequing accounts<\/a>&nbsp;is a good place to begin.<\/p>\n<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel has-cool-white-background-color has-background\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<h3 class=\"wp-block-heading has-text-align-center\" id=\"h-faqs\">FAQs<\/h3>\n\n\n\n<div class=\"wp-block-rbc-rbc-collapsible-accordion aligncenter accordion\" id=\"&quot;accordionSet1\">\n<div class=\"wp-block-rbc-rbc-collapsible-panel\"><div class=\"accordion-panel\"><button id=\"accordion-titleab3f97a1\" class=\"collapse-toggle collapsed\" data-target=\"#accordionab3f97a1\" data-toggle=\"collapse\" data-parent=\"#accordionSet1\" aria-expanded=\"false\" data-dig-id=\"LP-95828-ab3f97a1\" aria-controls=\"accordionab3f97a1\" data-dig-category=\"LP\" data-dig-action=\"collapsible closed\" data-dig-label=\"Are there no monthly fee banking options for teens?\" action-closed=\"collapsible closed\" action-opened=\"collapsible open\"><div>Are there no monthly fee banking options for teens?<\/div><\/button><div class=\"collapse-content collapse\" id=\"accordionab3f97a1\" role=\"region\" aria-labelledby=\"accordion-titleab3f97a1\"><div class=\"collapse-inner\">\n<p>Yes. Many banks, including RBC, offer&nbsp;no monthly fee bank&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/bank-accounts\/youth-student-banking\/index.html\" data-dig-id=\"LP-95828-efb048df\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"accounts for teens and students\" class=\"rbc-link-format\">accounts for teens and students<\/a>&nbsp;and any clients under the age of 25. These accounts help young people build financial independence early on while avoiding unnecessary fees.&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/what-to-consider-when-choosing-a-student-bank-account\/\" data-dig-id=\"LP-95828-372eacc2\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"RBC Money Academy\" class=\"rbc-link-format\">RBC Money Academy<\/a>&nbsp;highlights some key factors to consider when choosing a student bank account.<\/p>\n<\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-collapsible-panel\"><div class=\"accordion-panel\"><button id=\"accordion-titlee4cbcf62\" class=\"collapse-toggle collapsed\" data-target=\"#accordione4cbcf62\" data-toggle=\"collapse\" data-parent=\"#accordionSet1\" aria-expanded=\"false\" data-dig-id=\"LP-95828-e4cbcf62\" aria-controls=\"accordione4cbcf62\" data-dig-category=\"LP\" data-dig-action=\"collapsible closed\" data-dig-label=\"What are other\u00a0ways to save money each month\u00a0as a young adult?\" action-closed=\"collapsible closed\" action-opened=\"collapsible open\"><div>What are other\u00a0ways to save money each month\u00a0as a young adult?<\/div><\/button><div class=\"collapse-content collapse\" id=\"accordione4cbcf62\" role=\"region\" aria-labelledby=\"accordion-titlee4cbcf62\"><div class=\"collapse-inner\">\n<p>No monthly fee accounts are just one option. You can also save money&nbsp;by:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p>Setting up&nbsp;<strong>automatic transfers<\/strong>&nbsp;to savings (even small amounts add up over time).<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p>Looking for&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/student-solution\/credit-cards.html\" data-dig-id=\"LP-95828-f36163ef\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"student perks and cashback offers\" class=\"rbc-link-format\"><strong>student perks and cashback offers<\/strong><\/a>&nbsp;on everyday purchases through your bank or credit card.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p>Using&nbsp;<strong>digital money management tools<\/strong>&nbsp;to keep an eye on everyday spending.&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/mobile\/feature\/nomi\/budgets\/\" data-dig-id=\"LP-95828-bc526216\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"NOMI Budgets\" class=\"rbc-link-format\">NOMI Budgets<\/a>\u2014available on the RBC Mobile app\u2014makes it simple to create a budget and stick to it.<\/p>\n<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-collapsible-panel\"><div class=\"accordion-panel\"><button id=\"accordion-titled46471cd\" class=\"collapse-toggle collapsed\" data-target=\"#accordiond46471cd\" data-toggle=\"collapse\" data-parent=\"#accordionSet1\" aria-expanded=\"false\" data-dig-id=\"LP-95828-d46471cd\" aria-controls=\"accordiond46471cd\" data-dig-category=\"LP\" data-dig-action=\"collapsible closed\" data-dig-label=\"Can I open a bank account with no money?\" action-closed=\"collapsible closed\" action-opened=\"collapsible open\"><div>Can I open a bank account with no money?<\/div><\/button><div class=\"collapse-content collapse\" id=\"accordiond46471cd\" role=\"region\" aria-labelledby=\"accordion-titled46471cd\"><div class=\"collapse-inner\">\n<p>Yes. At RBC, you can open certain accounts without an initial deposit. Once your account is active, you\u2019ll need to fund it before making transactions to avoid triggering Non-Sufficient Funds (NSF) fees.<\/p>\n<\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-collapsible-panel\"><div class=\"accordion-panel\"><button id=\"accordion-titleea7e6880\" class=\"collapse-toggle collapsed\" data-target=\"#accordionea7e6880\" data-toggle=\"collapse\" data-parent=\"#accordionSet1\" aria-expanded=\"false\" data-dig-id=\"LP-95828-ea7e6880\" aria-controls=\"accordionea7e6880\" data-dig-category=\"LP\" data-dig-action=\"collapsible closed\" data-dig-label=\"Which bank account is recommended\u00a0for young people?\" action-closed=\"collapsible closed\" action-opened=\"collapsible open\"><div>Which bank account is recommended\u00a0for young people?<\/div><\/button><div class=\"collapse-content collapse\" id=\"accordionea7e6880\" role=\"region\" aria-labelledby=\"accordion-titleea7e6880\"><div class=\"collapse-inner\">\n<p>It depends on your needs. For teens and students, a no monthly fee youth or student bank account is often a good &nbsp;choice. For someone who is over 25 and starting their career a low-fee or unlimited transaction account to manage more frequent spending may be preferred. Compare your options with this&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/bank-accounts\/chequing-accounts\/find-chequing-account.html\" data-dig-id=\"LP-95828-513b0c48\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"account selector tool.\" class=\"rbc-link-format\">account selector tool.<\/a><\/p>\n<\/div><\/div><\/div><\/div>\n<\/div>\n<\/div>\n<\/section>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse834a1009\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse834a1009\" data-dig-id=\"LP-57738-834a1009\" data-dig-category=\"LP\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Things our lawyers want you to know\"><span>Things our lawyers want you to know<\/span><span>Things our lawyers want you to know<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse834a1009\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p>This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.<\/p>\n<\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>If you are a full time student, you can have a no monthly fee bank account regardless of your age. The good news now is, if you are under 25, you may also qualify for no monthly fee banking regardless if you are a student or not. <\/p>\n","protected":false},"author":319,"featured_media":95835,"parent":57313,"menu_order":0,"template":"wp-custom-template-mmm-sticky-nav","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"tags":[62,77],"rbc_content_type":[31],"rbc_audience":[],"rbc_lob_group":[509],"rbc_difficulty_level":[33],"rbc_mmm_category":[366,318,304],"class_list":["post-95828","rbc_my_money_matter","type-rbc_my_money_matter","status-publish","has-post-thumbnail","hentry","tag-banking-digital-banking","tag-personal-finance","rbc_content_type-article","rbc_lob_group-accounts","rbc_difficulty_level-beginner","rbc_mmm_category-account-types","rbc_mmm_category-banking-basics","rbc_mmm_category-money-academy"],"acf":{"contently_publication_id":"","custom_author":"Royal Bank of Canada","rbc_video_header":"","rbc_media_duration":"","rbc_toc_for_mmm_tag":"h2","rbc_toc_for_mmm_limit":6,"rbc_toc_for_mmm":[{"title":"No Monthly Fee Bank Accounts: The Basics","url":"#h-no-monthly-fee-bank-accounts-the-basics"},{"title":"What\u00a0No Monthly Fee \u00a0Bank Accounts\u00a0Typically Include","url":"#h-what-no-monthly-fee-bank-accounts-typically-include"},{"title":"How to Avoid Additional Banking Fees","url":"#h-how-to-avoid-additional-banking-fees"},{"title":"How to Choose a\u00a0No Monthly Fee \u00a0Bank Account","url":"#h-how-to-choose-a-no-monthly-fee-bank-account"}],"rbc_toc_for_mmm_action":"Generate Table Of Contents"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<meta name=\"description\" content=\"If you are a full time student, you can have a no monthly fee bank account regardless of your age. The good news now is, if you are under 25, you may also qualify for no monthly fee banking regardless if you are a student or not.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:description\" content=\"If you are a full time student, you can have a no monthly fee bank account regardless of your age. The good news now is, if you are under 25, you may also qualify for no monthly fee banking regardless if you are a student or not.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/\" \/>\n<meta property=\"og:site_name\" content=\"RBC Royal Bank\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-27T15:42:56+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/10\/shutterstock_2480419079.jpg?quality=80\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/\"},\"author\":{\"name\":\"jacobkeast\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/#\/schema\/person\/3a2a4877666ba4cb225704e4ddbe9c98\"},\"headline\":\"A Guide for Young Adults Who Are Not Students: How to Take Advantage of No-Monthly-Fee Banking\",\"datePublished\":\"2025-10-27T15:42:54+00:00\",\"dateModified\":\"2025-10-27T15:42:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/\"},\"wordCount\":1667,\"image\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/10\/shutterstock_2480419079.jpg?quality=80\",\"keywords\":[\"Banking\/ Digital banking\",\"Personal Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/\",\"url\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/\",\"name\":\"A Guide for Young Adults Who Are Not Students: How to Take Advantage of No-Monthly-Fee Banking - My Money Matters\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/10\/shutterstock_2480419079.jpg?quality=80\",\"datePublished\":\"2025-10-27T15:42:54+00:00\",\"dateModified\":\"2025-10-27T15:42:56+00:00\",\"description\":\"If you are a full time student, you can have a no monthly fee bank account regardless of your age. The good news now is, if you are under 25, you may also qualify for no monthly fee banking regardless if you are a student or not.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/#primaryimage\",\"url\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/10\/shutterstock_2480419079.jpg?quality=80\",\"contentUrl\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/10\/shutterstock_2480419079.jpg?quality=80\",\"width\":6307,\"height\":4205},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"My Money Matters\",\"item\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Money Academy\",\"item\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Banking Basics\",\"item\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Account Types\",\"item\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/\"},{\"@type\":\"ListItem\",\"position\":5,\"name\":\"A Guide for Young Adults Who Are Not Students: How to Take Advantage of No-Monthly-Fee Banking\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/#website\",\"url\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/\",\"name\":\"RBC Royal Bank\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/#\/schema\/person\/3a2a4877666ba4cb225704e4ddbe9c98\",\"name\":\"jacobkeast\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/4cc2faa5872190683c01f2e13306bfe50473bd54679d4e4593df1dfb7fb009c4?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4cc2faa5872190683c01f2e13306bfe50473bd54679d4e4593df1dfb7fb009c4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/4cc2faa5872190683c01f2e13306bfe50473bd54679d4e4593df1dfb7fb009c4?s=96&d=mm&r=g\",\"caption\":\"jacobkeast\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"description":"If you are a full time student, you can have a no monthly fee bank account regardless of your age. The good news now is, if you are under 25, you may also qualify for no monthly fee banking regardless if you are a student or not.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/","og_locale":"en_US","og_type":"article","og_description":"If you are a full time student, you can have a no monthly fee bank account regardless of your age. The good news now is, if you are under 25, you may also qualify for no monthly fee banking regardless if you are a student or not.","og_url":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/","og_site_name":"RBC Royal Bank","article_modified_time":"2025-10-27T15:42:56+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/10\/shutterstock_2480419079.jpg?quality=80","twitter_misc":{"Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/#article","isPartOf":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/"},"author":{"name":"jacobkeast","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#\/schema\/person\/3a2a4877666ba4cb225704e4ddbe9c98"},"headline":"A Guide for Young Adults Who Are Not Students: How to Take Advantage of No-Monthly-Fee Banking","datePublished":"2025-10-27T15:42:54+00:00","dateModified":"2025-10-27T15:42:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/"},"wordCount":1667,"image":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/10\/shutterstock_2480419079.jpg?quality=80","keywords":["Banking\/ Digital banking","Personal Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/","name":"A Guide for Young Adults Who Are Not Students: How to Take Advantage of No-Monthly-Fee Banking - My Money Matters","isPartOf":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/#primaryimage"},"image":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/10\/shutterstock_2480419079.jpg?quality=80","datePublished":"2025-10-27T15:42:54+00:00","dateModified":"2025-10-27T15:42:56+00:00","description":"If you are a full time student, you can have a no monthly fee bank account regardless of your age. The good news now is, if you are under 25, you may also qualify for no monthly fee banking regardless if you are a student or not.","breadcrumb":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/#primaryimage","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/10\/shutterstock_2480419079.jpg?quality=80","contentUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/10\/shutterstock_2480419079.jpg?quality=80","width":6307,"height":4205},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"My Money Matters","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/"},{"@type":"ListItem","position":2,"name":"Money Academy","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/"},{"@type":"ListItem","position":3,"name":"Banking Basics","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/"},{"@type":"ListItem","position":4,"name":"Account Types","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/"},{"@type":"ListItem","position":5,"name":"A Guide for Young Adults Who Are Not Students: How to Take Advantage of No-Monthly-Fee Banking"}]},{"@type":"WebSite","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#website","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/","name":"RBC Royal Bank","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rbcroyalbank.com\/en-ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#\/schema\/person\/3a2a4877666ba4cb225704e4ddbe9c98","name":"jacobkeast","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/4cc2faa5872190683c01f2e13306bfe50473bd54679d4e4593df1dfb7fb009c4?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/4cc2faa5872190683c01f2e13306bfe50473bd54679d4e4593df1dfb7fb009c4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4cc2faa5872190683c01f2e13306bfe50473bd54679d4e4593df1dfb7fb009c4?s=96&d=mm&r=g","caption":"jacobkeast"}}]}},"parsely":{"version":"1.1.0","canonical_url":"https:\/\/rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"A Guide for Young Adults Who Are Not Students: How to Take Advantage of No-Monthly-Fee Banking","url":"http:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/a-guide-to-no-annual-fee-banking-for-young-adults\/"},"thumbnailUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/10\/shutterstock_2480419079.jpg?quality=80&w=150&h=150&crop=1","image":{"@type":"ImageObject","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/10\/shutterstock_2480419079.jpg?quality=80"},"articleSection":"Uncategorized","author":[{"@type":"Person","name":"jacobkeast"}],"creator":["jacobkeast"],"publisher":{"@type":"Organization","name":"RBC Royal Bank","logo":""},"keywords":["banking\/ digital banking","personal finance"],"dateCreated":"2025-10-27T15:42:54Z","datePublished":"2025-10-27T15:42:54Z","dateModified":"2025-10-27T15:42:56Z"},"rendered":"<script type=\"application\/ld+json\" class=\"wp-parsely-metadata\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"A Guide for Young Adults Who Are Not Students: How to Take Advantage of No-Monthly-Fee Banking\",\"url\":\"http:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/money-academy\\\/banking-basics\\\/account-types\\\/a-guide-to-no-annual-fee-banking-for-young-adults\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/money-academy\\\/banking-basics\\\/account-types\\\/a-guide-to-no-annual-fee-banking-for-young-adults\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2025\\\/10\\\/shutterstock_2480419079.jpg?quality=80&w=150&h=150&crop=1\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2025\\\/10\\\/shutterstock_2480419079.jpg?quality=80\"},\"articleSection\":\"Uncategorized\",\"author\":[{\"@type\":\"Person\",\"name\":\"jacobkeast\"}],\"creator\":[\"jacobkeast\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"RBC Royal Bank\",\"logo\":\"\"},\"keywords\":[\"banking\\\/ digital banking\",\"personal finance\"],\"dateCreated\":\"2025-10-27T15:42:54Z\",\"datePublished\":\"2025-10-27T15:42:54Z\",\"dateModified\":\"2025-10-27T15:42:56Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/rbcroyalbank.com\/p.js"},"featured_img":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/10\/shutterstock_2480419079.jpg?quality=80&w=1024","coauthors":[],"author_meta":{"author_link":"https:\/\/www.rbcroyalbank.com\/en-ca\/author\/jacobkeast\/","display_name":"jacobkeast"},"relative_dates":{"created":"Posted 6 months ago","modified":"Updated 6 months ago"},"absolute_dates":{"created":"Posted on October 27, 2025","modified":"Updated on October 27, 2025"},"absolute_dates_time":{"created":"Posted on October 27, 2025 11:42 am","modified":"Updated on October 27, 2025 11:42 am"},"featured_img_caption":"","tax_additional":{"post_tag":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/banking-digital-banking\/\" class=\"advgb-post-tax-term\">Banking\/ Digital banking<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/personal-finance\/\" class=\"advgb-post-tax-term\">Personal Finance<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Banking\/ Digital banking<\/span>","<span class=\"advgb-post-tax-term\">Personal Finance<\/span>"],"slug":"post_tag","name":"Tags"},"rbc_content_type":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/content-type\/article\/\" class=\"advgb-post-tax-term\">Article<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Article<\/span>"],"slug":"rbc_content_type","name":"Content Types"},"rbc_audience":{"linked":[],"unlinked":[],"slug":"rbc_audience","name":"Audiences"},"rbc_lob_group":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/lob-group\/accounts\/\" class=\"advgb-post-tax-term\">Accounts<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Accounts<\/span>"],"slug":"rbc_lob_group","name":"LOB Groups"},"rbc_difficulty_level":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/difficulty-level\/beginner\/\" class=\"advgb-post-tax-term\">Beginner<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Beginner<\/span>"],"slug":"rbc_difficulty_level","name":"Difficulty Levels"},"rbc_mmm_category":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/account-types\/\" class=\"advgb-post-tax-term\">Account Types<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/banking-basics\/\" class=\"advgb-post-tax-term\">Banking Basics<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/money-academy\/\" class=\"advgb-post-tax-term\">Money Academy<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Account Types<\/span>","<span class=\"advgb-post-tax-term\">Banking Basics<\/span>","<span class=\"advgb-post-tax-term\">Money Academy<\/span>"],"slug":"rbc_mmm_category","name":"Categories"},"ep_custom_result":{"linked":[],"unlinked":[],"slug":"ep_custom_result","name":"Custom Results"}},"series_order":"","jetpack_sharing_enabled":true,"primary_tag":"62","primary_rbc_mmm_category":"366","_links":{"self":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/95828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter"}],"about":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/types\/rbc_my_money_matter"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/users\/319"}],"version-history":[{"count":11,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/95828\/revisions"}],"predecessor-version":[{"id":95842,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/95828\/revisions\/95842"}],"up":[{"embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/57313"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/media\/95835"}],"wp:attachment":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/media?parent=95828"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/tags?post=95828"},{"taxonomy":"rbc_content_type","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_content_type?post=95828"},{"taxonomy":"rbc_audience","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_audience?post=95828"},{"taxonomy":"rbc_lob_group","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_lob_group?post=95828"},{"taxonomy":"rbc_difficulty_level","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_difficulty_level?post=95828"},{"taxonomy":"rbc_mmm_category","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_mmm_category?post=95828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}