RateLink Preference®
RateLink Preference (the “Operating Account”) allows you to select additional companion accounts, any two accounts in Canadian dollars and one in U.S. dollars (the “Companion Accounts”), with Monthly Fees waived. These accounts can be held in your name only or in your name and that of your co-account owner. PRF means that your Companion accounts are linked to RateLink Preference.
Account holders have the option of linking together the balances of their other Canadian dollar personal deposit accounts (excluding RBC High Interest eSavings), those of their spouse and RBC Leo’s Young Savers Accounts belonging to their minor children or minor grandchildren for the purpose of determining the RateLink interest rate to be applied to all their interest-bearing, linked personal deposit accounts. There is no restriction on the number of eligible accounts that can be linked to the RateLink Preference account. Canadian dollar linked accounts that are non-interest-bearing do not pay interest.
Note the U.S. Personal Account is not insured by the CDIC.
RateLink Preference Operating Account |
Eligible RateLink Preference Companion Accounts | |||
---|---|---|---|---|
RBC Day to Day Banking PRF |
RBC Day to Day Savings PRF |
U.S. Personal Account PRF |
||
Managing Your Account | ||||
Account currency | Canadian | Canadian | Canadian | U.S. |
Deposit interest paid on the account | Yes See RATESetter | Yes See RATESetter | Yes See RATESetter | No |
Monthly Fee | $35.00 | Waived | Waived | Waived |
Number of Debit Transactions included in Monthly Fee per Monthly Cycle | Unlimited | Unlimited | Unlimited | Unlimited |
Eligible for Seniors Rebate | Yes | – | – | – |
Seniors Rebate, if eligible | $8.75 | – | – | – |
Monthly Fee after Seniors Rebate | $26.25 | – | – | – |
Overdraft Protection, optional | Overdraft Interest if used | Overdraft Interest if used | Overdraft Interest if used | Greater of $4.00 per month or Overdraft Interest |
Accessing Your Account | ||||
Interac access fee At a non-RBC Royal Bank ATM in Canada and U.S. |
Free with RateLink Preference Client Card | Free with RateLink Preference Client Card | Free with RateLink Preference Client Card | Not available |
PLUS System access fee At a non-RBC Royal Bank ATM in Canada and U.S. |
Free with RateLink Preference Client Card | Free with RateLink Preference Client Card | Free with RateLink Preference Client Card | Not available |
PLUS System access fee At a non-RBC Royal Bank ATM outside Canada and U.S. |
Free with RateLink Preference Client Card | Free with RateLink Preference Client Card | Free with RateLink Preference Client Card | Not available |
Cross-Border debit | Free | $1.00 each | $1.00 each | Not available |
Interac Online | Free | Free | Free | Not available |
Virtual Visa Debit, optional | Free | Free | Free | Not available |
Third Party Payment | Free | Free | Free | Not available |
Interac e-Transfer | 2 free pee Monthly Cycle $1.00 each thereafter | $1.00 each | $1.00 each | Not available |
RBC International Remittance | $13.50 each | $13.50 each | $13.50 each | Not available |
Recordkeeping Options | ||||
eStatements and eNotifications Requires Online Banking enrolment and includes free viewing of cheque images in Online Banking |
Free | Free | Free | Free |
Paper statement | Free | Free | Free | Free |
Paper statement with cheque images | Free | Free | Free | Free |
Braille statement | Free | Free | Free | Free |
RBC Royal Bank ATM mini statement request | Free with RateLink Preference Client Card | Free with RateLink Preference Client Card | ||
RBC Royal Bank ATM full statement request | Free with RateLink Preference Client Card | Free with RateLink Preference Client Card | ||
Related Services | ||||
Certified cheque When presented by the issuer (the Payor) |
2 free per calendar year $15.00 each thereafter | $15.00 each | $15.00 each | $15.00 each |
Drafts, all currencies | 12 free per calendar year $7.50 each thereafter | Must identify yourself as a RateLink Preference Operating account owner in order to not be charged for the draft purchase. | ||
Stop payment through Online Banking (Self-Serve) | Free | $10.00 each | $10.00 each | $10.00 each |
Stop payment at an RBC Royal Bank branch or Telephone Banking with the assistance of an agent (Assisted) | Free | $18.00 each | $18.00 each | $18.00 each |
Personalized cheques | Free RBC Standard Style | Third-party supplier fees apply | Third-party supplier fees apply | Third-party supplier fees apply |
Over-the-counter cheques Fee charged when the cheque clears the account |
Free | $2.00 each | $2.00 each | $2.00 each |
American Express (AMEX) Travellers Cheques | Free Single signature style | Must identify yourself as a RateLink Preference Operating or Companion account owner in order to not be charged for the AMEX Travellers Cheques purchase | ||
Discount on 1 safe deposit box rental | $40.00 annually | Not applicable | ||
Eligible for credit card rebate See Ratelink Preference Note on Credit Cards – Special Conditions on Rebates |
Yes | Not applicable |
Ratelink Preference Note on Free Drafts: The RateLink Preference account entitles you to a certain number of free drafts. If you own more than one personal deposit account that gives you free drafts, only one set of free drafts related to one account will be automatically applied. To ensure that you receive all the free drafts to which you are entitled, please communicate with us at the time you purchase a draft.
Ratelink Preference Note on Credit Cards – Special Conditions on Rebates: Subject to credit approval, your choice of one of the following Eligible RateLink Credit Cards, designated by you:
The annual fees are rebated for one Eligible Ratelink Credit Card:
You are entitled to only one Eligible RateLink Credit Card with rebated fees per RateLink Preference account even if you have more than one Eligible RateLink Credit Card. If you hold more than one RateLink Preference account and only one Eligible RateLink Credit Card, only one rebate will be applied to the fees for that credit card.
If you own more than one Eligible RateLink Preference Credit Card or more than one eligible RateLink Preference account, there may be a variety of ways in which a rebate may be applied. You must ensure that the credit card discount is applied to your credit card in the way that works best for you by calling 1-800 ROYAL 1-1 (1-800-769-2511) or by visiting your branch.
For reasons of privacy and confidentiality, we will not apply this rebate to any credit card with more than one user, nor if the RateLink Preference account is jointly held. In such cases, it is your responsibility to ensure that the annual fees are rebated from any credit card by contacting us and providing the applicable consents.
It is your responsibility to identify yourself as a RateLink Preference Operating account owner to benefit from these services.
Services | Fee |
---|---|
Cheques cashed or deposited that are returned unpaid for any reason (Chargeback) | No fees |
Post-dated cheque we hold for processing to your Ratelink Preference Operating and/or Companion accounts | Free |
Mail confirmation of a transaction | Free |
Funds transfer we make at your request | Free |
Certificate of account balance/loan interest paid – Bank form #1660 or personal typed letter (for tax purposes) | Free |
Appraisal for conventional mortgage on your primary residential home (existing properties only) | 1 free processing fee |
Optional: Royal Credit Line, minimum $5,000 (based on normal credit approval) |
RateLink Essential (Regular and Sixty-Plus) and Discontinued Royal Bank Sixty-Plus Accounts
RateLink Essential account holders have the option of linking together for a nominal fee the balances of their other Canadian dollar personal deposit accounts (excluding RBC High Interest eSavings), those of their spouse and RBC Leo’s Young Savers Accounts belonging to their minor children or minor grandchildren for the purpose of determining the RateLink interest rate to be applied to all their interest-bearing, linked personal deposit accounts. There is no restriction on the number of eligible accounts that can be linked to the RateLink Essential account. Canadian dollar linked accounts that are non-interest-bearing do not pay interest. Canadian dollar interest-bearing linked accounts in will be charged $2.00 per account with the exception of RBC Leo’s Young Savers accounts.
Note the Sixty-Plus U.S. Personal Account is not insured by the CDIC.
RateLink Essential | Sixty-Plus | |||||
---|---|---|---|---|---|---|
Regular | Sixty-Plus | Signature Plus | Calculator Plus | Royal Money Maker Plus | U.S. Personal Account | |
Managing Your Account | ||||||
Account currency | Canadian | Canadian | Canadian | Canadian | Canadian | U.S. |
Deposit interest paid on the account | Yes See RATESetter | Yes See RATESetter | Yes See RATESetter | Yes See RATESetter | Yes See RATESetter | Yes See RATESetter |
Monthly Fee | $20.00 | $15.00 | Free | Free | Free | Free |
Number of Debit Transactions included in Monthly Fee per Monthly Cycle | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
Eligible for Seniors Rebate | Yes | Not Available | – | – | – | – |
Seniors Rebate, if eligible | $5.00 | – | – | – | – | – |
Monthly Fee after Seniors Rebate | $15.00 | – | – | – | – | – |
Overdraft Protection, optional | Overdraft Interest if used | Overdraft Interest if used | Overdraft Interest if used | Overdraft Interest if used | Overdraft Interest if used | Overdraft Interest if used |
Accessing Your Account | ||||||
Interac access fee At a non-RBC Royal Bank ATM in Canada |
$1.50 each* | $1.50 each* | $1.50 each* | $1.50 each* | $1.50 each* | Not available |
PLUS System access fee At a non-RBC Royal Bank ATM in Canada and U.S. |
$3.00 each* | $3.00 each* | $3.00 each* | $3.00 each* | $3.00 each* | Not available |
PLUS System access fee At a non-RBC Royal Bank ATM outside Canada and U.S. |
$5.00 each* | $5.00 each* | $5.00 each* | $5.00 each* | $5.00 each* | Not available |
Cross-Border Debit | $1.00 each | $1.00 each | $1.00 each | $1.00 each | $1.00 each | Not available |
Interac Online | Free | Free | Free | Free | Free | Not available |
Third-Party Payment | Free | Free | Free | Free | Free | Not available |
Virtual Visa Debit, optional | Free | Free | Free | Free | Free | Not available |
Interac e-Transfer | $1.00 each | $1.00 each | $1.00 each | $1.00 each | $1.00 each | Not available |
RBC International Remittance | $13.50 each | $13.50 each | $13.50 each | $13.50 each | $13.50 each | Not available |
Recordkeeping Options | ||||||
eStatements and eNotifications Requires Online Banking enrolment and includes free viewing of cheque images in Online Banking less than 90 days old |
Free | Free | Free | Free | Free | Free |
Paper statement | Free | Free | Free | Free | Free | Free |
Paper statement with cheque images | Free | Free | Free | Free | Free | Free |
Braille statement | Free | Free | Free | Free | Free | Free |
RBC Royal Bank ATM mini statement request | Free | Free | $0.75 each | $0.75 each | $0.75 each | $0.75 each |
RBC Royal Bank ATM full statement request | Free | Free | $1.50 each | $1.50 each | $1.50 each | $1.50 each |
Related Services | ||||||
Cheque certification When presented by the issuer (the Payor) |
2 free per calendar year $15.00 each thereafter | 2 free per calendar year $15.00 each thereafter | $15.00 each | $15.00 each | $15.00 each | $15.00 each |
Drafts, all currencies | 12 free per calendar year $7.50 each thereafter | 12 free per calendar year $7.50 each thereafter | 12 free per calendar year $7.50 each thereafter | 12 free per calendar year $7.50 each thereafter | 12 free per calendar year $7.50 each thereafter | 12 free per calendar year $7.50 each thereafter |
Stop payment through Online Banking (Self-Serve) | $10.00 each | $10.00 each | $10.00 each | $10.00 each | $10.00 each | $10.00 each |
Stop payment at an RBC Royal Bank branch or Telephone Banking with the assistance of an agent (Assisted) | $18.00 each | $18.00 each | $18.00 each | $18.00 each | $18.00 each | $18.00 each |
Personalized cheques | Free RBC standard style | Free RBC standard style | Free RBC standard style | Free RBC standard style | Free RBC standard style | Free RBC standard style |
Over-the-counter cheques Fee charged when the cheque clears the account |
Free | Free | Free | Free | Free | Free |
American Express (AMEX) Travellers Cheques | Commission free on single signature | Commission free on single signature | Commission free on single signature | Commission free on single signature | Commission free on single signature | Commission free on single signature |
Discount on 1 safe deposit box rental | $30.00 annually | $30.00 annually | $5.00 annually | $5.00 annually | $5.00 annually | $5.00 annually |
*NOTE: The 4 most expensive Interac and/or PLUS System access fees used will be refunded per Monthly Cycle
Note on Free Drafts: These accounts entitle you to a certain number of free drafts. If you own more than one personal deposit account that gives you free drafts, only one set of free drafts related to one account will be automatically applied. To ensure that you receive all the free drafts to which you are entitled, please communicate with us at the time you purchase a draft.
Discontinued Royal Trust Accounts
Note on Alliance Plan
Canadian and U.S. dollar accounts may be combined in one Alliance Plan for the purpose of earning greater interest. Clients may also keep a separate Plan of accounts in U.S. dollars only. The U.S. dollar balance used in the calculation of interest is considered at par with Canadian dollar balances; however, the interest paid on U.S. accounts is in U.S. dollars.
Note U.S. currency accounts are not insured by the CDIC.
Alliance Plan | Daily Interest Chequing | Daily Interest Savings | T-Bill Savings | U.S. Daily Interest | |
---|---|---|---|---|---|
Managing Your Account | |||||
Account currency | Canadian or U.S. | Canadian | Canadian | Canadian | U.S. |
Deposit interest paid on the account | Yes Each interest-bearing account in the plan earns the Alliance Plan interest. See RATESetter | Yes See RATESetter | Yes See RATESetter | Yes See RATESetter | Yes See RATESetter |
Monthly Fee | Free Includes all accounts attached to the Alliance Plan | Per item fee* | Per item fee* | Per item fee* | Per item fee* |
Number of Debit Transactions included in Monthly Fee per Monthly Cycle | Unlimited | Not applicable | |||
Minimum Balance requirement for no-charge Assisted or Electronic Self-Serve Debit Transactions | – | * If the account average daily closing balance for the Monthly Cycle equals to or is greater than $1,200, you will not be charged the applicable Debit Transaction Fee on a per item basis. The average balance is calculated on the day before the Monthly Cycle ends. | |||
Electronic/Self-Serve Debit Transaction fee Online Banking (including Mobile Banking), RBC ATM and Telephone Banking funds transfers without the assistance of an agent to RBC accounts in your name are free | – | $0.50 each | $1.50 each | $1.50 each | $0.75 each |
Assisted Debit Transaction fee | – | $1.00 each | $1.50 each | $1.50 each | $0.75 each |
Overdraft Protection, optional | Greater of $4.00 per month or Overdraft Interest | ||||
Accessing Your Account | |||||
Interac access fee At a non-RBC Royal Bank ATM in Canada |
$1.50 each Not available on U.S. accounts | $1.50 each | $1.50 each | $1.50 each | Not available |
PLUS System access fee At a non-RBC Royal Bank ATM in Canada and U.S. |
$3.00 each Not available on U.S. accounts | $3.00 each | $3.00 each | $3.00 each | Not available |
PLUS System access fee At a non-RBC Royal Bank ATM outside Canada and U.S. |
$5.00 each Not available on U.S. accounts | $5.00 each | $5.00 each | $5.00 each | Not available |
Cross-Border Debit | $1.00 each Not available on U.S. accounts | $1.00 each | $1.00 each | $1.00 each | Not available |
Interac Online | Free Not available on U.S. accounts | Free | Free | Free | Not available |
Third-Party Payment | Free Not available on U.S. accounts | Free | Free | Free | Not available |
Virtual Visa Debit, optional | Free Not available on U.S. accounts | Free | Free | Free | Not available |
Interac e-Transfer | $1.00 each Not available on U.S. accounts | $1.00 each | $1.00 each | $1.00 each | Not available |
RBC International Remittance | $13.50 each Not available on U.S. accounts | $13.50 each | $13.50 each | $13.50 each | Not available |
Recordkeeping Options | |||||
eStatements and eNotifications Requires Online Banking enrolment and includes free viewing of cheque images in Online Banking less than 90 days old |
Free | Free | Free | Free | Free |
Paper statement | Free | Free | Free | Free | Free |
Paper statement with cheque images | Free | $2.00 per Monthly Cycle | $2.00 per Monthly Cycle | $2.00 per Monthly Cycle | $2.00 per Monthly Cycle |
Braille statement | Free | Free | Free | Free | Free |
RBC Royal Bank ATM mini statement request | $0.75 each | $0.75 each | $0.75 each | $0.75 each | $0.75 each |
RBC Royal Bank ATM full statement request | $1.50 each | $1.50 each | $1.50 each | $1.50 each | $1.50 each |
Related Account Services | |||||
Certified cheque When presented by the issuer (the Payor) |
$15.00 each | $15.00 each | $15.00 each | $15.00 each | $15.00 each |
Drafts, all currencies | $7.50 each | $7.50 each | $7.50 each | $7.50 each | $7.50 each |
Stop payment through Online Banking (Self-Serve) | $10.00 each | $10.00 each | $10.00 each | $10.00 each | $10.00 each |
Stop payment at an RBC Royal Bank branch or Telephone Banking with the assistance of an agent (Assisted) | $18.00 each | $18.00 each | $18.00 each | $18.00 each | $18.00 each |
Personalized cheques | Third-party supplier fees apply | Third-party supplier fees apply | Third-party supplier fees apply | Third-party supplier fees apply | Third-party supplier fees apply |
Over-the-counter cheques Fee charged when the cheque clears the account |
$2.00 each | $2.00 each | $2.00 each | $2.00 each | $2.00 each |