For Your Finance

To benefit from the RBC Healthcare Advantage Private Banking Plan offers exclusively for members and Resident Affiliates of the Royal College of Physicians and Surgeons of Canada (“Royal College”), you must:

Be a member or affiliate of the Royal College in one of the following categories: Active Fellow, Fellow (with Diplomate status), Fellow (with Founder status), Retired Fellow (each a “Fellow”), or Resident Affiliate (a “Resident Affiliate”). (NOTE: The following categories are not eligible (CPD Program Participant, Subspecialist Affiliate, Diplomate (who is not a Fellow), Founder (who is not a Fellow).)

NOTE: You may be required to present proof of your Royal College membership, designation, and status to an RBC Private Banker electronically or at an RBC Royal Bank branch. Thereafter, RBC will also validate your Royal College membership on an ongoing basis, and you may be required to provide proof thereof upon request.

Be an RBC Private Banking client whose eligible RBC products, as set out below are active and in good standing at all times; and

Be the sole owner or a joint owner of at least one of the following RBC Private Banking personal deposit accounts: RateLink Preference® Private Banking, Private Banking®, Private Banking Enhanced Savings, or Private Banking Savings; and, within the first year of opening that account, complete one of the following transactions from that account:

• Set up and complete 1 bill payment (one- time condition)
• Set up and complete 1 recurring pre-authorized payment
• Set up and complete recurring payroll

NOTE: Except as described herein, standard RBC Private Banking eligibility requirements apply, which may include (but are not necessarily limited to) satisfactory credit checks and suitability reviews for the RBC Private Banking services. Should you become an RBC Private Banking client, standard fees and charges applicable to the RBC Private Banking solution (including the Monthly Fee) and to other RBC products and services you may hold will apply (subject to any promotional or other offers or discounts for which you may qualify, including those described above for Royal College members). For more information about RBC Private Banking, please visit https://privatebanking.rbcwealthmanagement.com/

Have an eligible RBC personal credit card, either as a primary applicant or co-applicant, for as long as you remain an RBC Private Banking client. Eligible RBC personal credit cards vary depending on whether you are a Fellow or Resident Affiliate of the Royal College:

If you are a Fellow: An eligible RBC personal credit card is the Avion Visa Infinite Privilege for Private Banking card.
If you are a Resident Affiliate: Eligible RBC personal credit cards are the Avion Visa Infinite, Avion Visa Infinite Privilege, WestJet RBC World Elite Mastercard, Avion Rewards Visa Preferred, RBC British Airways Visa Infinite, or Avion Visa Infinite Privilege for Private Banking cards.

Standard eligibility criteria for each card type apply. NOTE: As a Royal College member, the requirement to have an eligible RBC personal credit card is waived for up to two years from the date you first became or become an RBC Private Banking client. During any month thereafter, if you do not have an eligible RBC personal credit card (as determined by your Royal College member designation), you will not benefit from the RBC Private Banking monthly fee rebate offer described herein, and the standard monthly fee applicable to your RBC Private Banking package will be charged.

If you are an RBC Healthcare Advantage Private Banking Plan member, you will receive a fee rebate of $125 each month on the total monthly fee applicable to your RBC Private Banking package as long as you remain an RBC Healthcare Advantage Private Banking Plan member and you continue to meet the eligibility criteria applicable to the exclusive offer for members of the Royal College as set out above. You will cease to benefit from the above-described monthly fee rebate of $125 for Royal College members should you cease or fail to meet any the eligibility criteria. This offer shall not be combined with any other personal banking account offer or promotion, except to the extent permitted under the terms and conditions of such other offer or promotion, and may be amended or withdrawn at any time. Only one monthly fee rebate of $125 each month per client, no matter how many eligible RBC Private Banking accounts you may own, whether in sole or joint ownership. Additionally, to benefit from the $125 monthly fee rebate applicable to your RBC Private Banking package’s standard monthly fee all your accounts with us must remain in good standing. NOTE: If you hold additional personal deposit accounts in excess of the four (4) RBC Private Banking personal deposit accounts included with the standard RBC Private Banking package, you will be charged the standard additional monthly fee applicable to each such additional account. RBC Private Banking entitles the individual designated under an RBC Private Banking arrangement as the “Household Head” to select one (1) Primary Private Banking Account, from any of:

• RateLink Preference Private Banking;
• Private Banking;
• Private Banking Enhanced Savings;
• Private Banking Savings; or U.S. Personal Private Banking; and up to three (3) eligible Personal or Business Deposit Accounts, from any of
• RBC Day to Day Banking – PRI;
• RBC Day to Day Savings – PRI;
• RBC Enhanced Savings – PRI;
• U.S. Personal Account – PRI;
• Business Current Account (CAD); or
• Business Current Account (USD)
  • (Additional personal or business deposit accounts may be added for applicable monthly fees.)

For complete details regarding the RBC Private Banking solution, including the RBC Healthcare Advantage Private Banking plan, and the features and fees applicable to RBC Private Banking accounts, you can also request to speak to an RBC Private Banking representative by completing the registration form on this landing page. For complete details regarding the features and fees applicable to RBC bank accounts other than RBC Private Banking accounts, please consult the document entitled “Personal Deposit Accounts: Disclosures and Agreements” available online at: https://www.rbcroyalbank.com/onlinebanking/servicech/pdf/PDA_Account_Disclosure_Booklet.pdf(Opens in a new window) or speak with an RBC Advisor by telephone.

This offer is for the waiver of RBC Private Banking’s standard eligibility requirement for RBC Private Banking clients to have a minimum net worth of $3 million or investable assets of $1,000,000. However, you may still be subject to other RBC Private Banking eligibility criteria, which may include (but are not necessarily limited to) satisfactory credit checks and suitability reviews for the RBC Private Banking services. Should you become an RBC Private Banking client, standard fees and charges applicable to other RBC products and services you may hold will apply (subject to any promotional or other offers or discounts for which you may qualify, including those described herein for Royal College members). Offer may be amended or withdrawn at any time. For more information about RBC Private Banking, please visit https://privatebanking.rbcwealthmanagement.com/(Opens new window). For complete details regarding RBC Private Banking, including the RBC Healthcare Advantage Private Banking Plan, and the features and fees applicable to RBC Private Banking accounts, you can also request to speak to an RBC Private Banking representative by completing the registration form on this landing page.

You must be an Avion Visa Infinite Privilege for Private Banking cardholder to take advantage of the RBC Concierge services, offers and benefits. RBC Concierge is provided by Ten Lifestyle Management Limited (“TEN”), not Royal Bank of Canada, and all services, offers and benefits made available through RBC Concierge are subject to complete terms and conditions, including third party suppliers’ terms and conditions, available online at www.rbcconcierge.com(Opens new window). TEN reserves the right to modify or cancel services, offers and benefits at any time and without notice. Royal Bank of Canada is not responsible for any claims or damages arising from the use of any services or benefits provided by TEN or a third party.

Prime Rate means the annual rate of interest announced by Royal Bank of Canada from time to time as its reference rate then in effect for determining interest rates on Canadian dollar commercial loans made by the Bank in Canada. Royal Bank of Canada Prime Rate is 3.20 % as of 2022/04/14 and is subject to change at any time without notice. Our Prime Rate is posted in all of our branches and online at www.rbcroyalbank.com(Opens new window). If you believe that you have qualified for any offer described herein by meeting its applicable eligibility and qualification criteria but you have not received the benefit of that offer, you must promptly notify us by contacting your RBC Private Banker, or by speaking to an RBC Advisor through our Advice Centre or at an RBC Royal Bank branch.

Prime–0.25% offer is available to members of any RBC Healthcare Advantage Plan. Interest rate is compounded monthly, not in advance. The Royal Credit Line rate quoted is subject to change based on changes to the Royal Bank Prime Rate.

Prime–0.25% offer is available to members of any RBC Healthcare Advantage Plan . RBC Homeline Plan rate is an annual rate and is based on our Prime Rate - 0.25%. The RBC Homeline Plan rate quoted is subject to change based on changes to the Royal Bank Prime Rate. This offer is only available to clients approved for a line of credit under the RBC Homeline Plan and does not apply to any other credit line product offered by Royal Bank of Canada including but not limited to a credit line secured by real property that is not part of a RBC Homeline Plan. To benefit from the Prime Rate – 0.25%, your mortgage must remain in good standing.

Subject to credit approval. As a sole or joint owner of an RBC Rate Link Private Banking Account, Private Banking Account, Private Banking Enhanced Savings Account, or Private Banking Savings account (“Private Banking Account”) and the primary cardholder of one of the eligible RBC personal credit cards listed below (“Eligible Credit Card”), the annual fee of that Eligible Credit Card will be fully or partially waived (depending on the credit card you choose), every year, as long as you remain the owner of a Private Banking Account. Additional cardholders’ annual fee may also be fully or partially waived (as set out below), every year, as long as your Eligible Credit Card account remains in good standing and you remain a Private Banking Account owner. Only one Eligible Credit Card account will be eligible for the annual fee waiver(s) (full or partial) per Private Banking Account. This means that if the applicable criteria are met by more than one joint owner of a Private Banking Account, the benefit of this offer will only be provided to the primary owner of that account (plus additional cardholders as set out below). Additional conditions and restrictions apply. Waivers that apply to Eligible Credit Cards are: (i) partial waiver of $120 for the primary cardholder and $50 for the co-applicant on the annual fee of an Avion Visa Infinite Privilege or Avion Visa Infinite Privilege for Private Banking credit card, and (ii) full annual fee waiver for the primary cardholder and the additional cardholders (co-applicants and authorized users) on any of the following credit cards: Avion Visa Infinite, Avion Rewards Visa Preferred, RBC British Airways Visa Infinite and WestJet RBC World Elite Mastercard. If you open you RBC Private Banking Account after you have opened your Eligible Credit Card, the waiver will be applied at your next annual renewal and will not be applied retroactively. Royal Bank of Canada reserves the right to cancel, modify or withdraw this offer at any time.

Monthly fee for the RBC Digital Choice Business Account Package will be rebated for the duration client is a member of either the RBC Healthcare Advantage Pro or RBC Healthcare Advantage Private Banking Plans. The fee rebate will be posted to your account within 10 business days following the posting of the fee to your account. This offer shall not be combined with any other business banking account offer or promotion. The monthly fee for the RBC Digital Choice Business Account Package is $5 and will be applied after once a client in no longer a Plan member. Only one fee rebate per client, no matter how many RBC Business Banking accounts are opened, whether in sole or joint ownership. To benefit from the fee rebate, all your accounts with us must remain in good standing during the fee rebate period, and you must be an RBC Healthcare Advantage Private Banking Plan member. We reserve the right, in our sole discretion, to revoke this offer to any person we believe to be manipulating or otherwise abusing the process, fairness, integrity or operation of the offer. Other conditions may apply. See branch for details. This offer may be withdrawn at any time and is subject to change without notice.

Subject to credit approval, to be exempt from the annual fee of $175 for one year, you must be a Healthcare Advantage Private Banking Plan member and your application form must be received by December 31, 2023 and approved by us. The annual fee rebate for one year is only offered to the first Primary Business Cardholder on the account; additional Primary Business Cardholder(s) and Secondary Business Cardholder(s) are not eligible for this offer. This offer may not be combined or used in conjunction with any other offer. Royal Bank of Canada reserves the right to cancel, modify or withdraw this offer at any time.

Prime-0.25% offer is only available to Healthcare Advantage Private Banking Plan members. The RBC Business Term Loan or Royal Business Operating Line rate quoted is subject to change based on changes to the Royal Bank Prime Rate. The RBC Business Term Loan and Royal Business Operating Line of Credit is provided by Royal Bank of Canada and is subject to its standard lending criteria. The offer may be changed, withdrawn or extended at any time, without notice. Not available in combination with any other rate discounts, offers.

Discount of 20% off the Chime Work Flow Management Product monthly subscription fee available until December 31, 2023 to RBC Healthcare Advantage Plan members. The discount will be honoured for a minimum of 12 months from the date of subscription, at the sole option of Chime. No discount will be applied on the Provider’s one-time fixed or up-front fees, including hardware and installation costs. Chime Technology Inc. not Royal Bank of Canada, is responsible for the terms and conditions associated with your product subscription. For further details on Chime services, visit www.chimeclinic.com(Opens new window)

When you sign up for the Comprehensive Plan (fee of 1.95% of paid claims per billing cycle) with Dr.Bill you will receive a $150 billing credit (“Billing Credit”) to be applied to future Dr.Bill fees ( “Offer”). Offer is only available to new Dr.Bill users and can only be used once. Billing Credit cannot be converted to cash. If you cancel your Dr.Bill account or switch to the Essentials Plan at any time before the Billing Credit balance has reached $0, you will forfeit the balance of the Billing Credit. Offer cannot be applied retroactively and may not be combined or used in conjunction with any other Dr.Bill offer. Offer is only available in provinces where Dr.Bill operates. Offer may be amended or withdrawn at any time without notice.

Available only to RBC Healthcare Advantage plan members who are located in Quebec, Canada who do not have an existing account with Facturation.net prior to July 1, 2021. When you sign up with Facturation.net for the first time, you will receive a 15% discount off the monthly subscription fee of the Elite billing plan (regularly $200/month per physician). The discount will be honoured for a minimum of 12 months from the date of subscription, and may be extended at the sole option of Facturation.net. Offer expires December 31, 2023. Facturation.net, not Royal Bank of Canada, is responsible for the terms and conditions associated with your product subscription. Offer may be amended or withdrawn at any time. For further details, visit www.facturation.net(Opens new window).

Discount of 20% off the Mikata Health Reminder and Chatbot Application monthly subscription fee available until December 31, 2023 to RBC Healthcare Advantage Plan members. This discount will be honoured for a minimum of 12 months from the date of your subscription contract with Mikata. Mikata Health Inc., not Royal Bank of Canada, is responsible for the terms and conditions associated with your product subscription. For further details on Mikata services, visit www.mikatahealth.com(Opens new window).

The information provided through the RBC Financial Learning Centre and at any advice events are for general information only and not intended as financial, legal or other professional advice. The information presented is believed to be factual and current at the time of publication. A professional advisor should be consulted regarding your specific situation.