Bank: Royal Bank of Canada (RBC)
Website: https://www.rbcroyalbank.com/personal.html
Last Updated: April 5, 2021
Special Offers
Currently RBC is offering free Apple Air pods (earbuds) if you open a new bank account and set up before May 31, 2021:
- A payroll direct deposit
- Two pre-authorized monthly payments (PAPs)
- Two bill payments to a service provider
https://www.rbcroyalbank.com/dms/pba/open-an-account/offer-n-or.html
How to open a bank account
To open a new RBC bank account you will require the following documentation:
- Two forms of valid ID such as Passport, Driver’s License or Voters Registration Card
- Proof of residential address (e.g. utility bill)
You can start the process online by visiting RBC’s website:
https://www.rbcroyalbank.com/accounts/
Here is a link to their Branch Locator to find the closest physical branch.
https://maps.rbcroyalbank.com/
Services Offered
- Face recognition integration for login
- Interace-Transfer® Deposits through mobile banking app
- Cheque deposits through mobile app
- Mobile app that can be linked to Apple Pay, Google PayTM and Samsung Pay®
- Budgeting app
- Spend tracking app
- Credit reports
- Investment Products (TFSA, RRSP etc)
Service Charges
RBC has multiple accounts with different fees depending on the account and your needs:
Account Features |
RBC Day to Day Banking |
RBC No Limit Banking |
RBC Signature No Limit Banking |
RBC VIP Banking |
Monthly Fee |
$4.00 |
$10.95 |
$15.95 |
$30.00 |
Included Debit Transactions per Month |
12 |
Unlimited |
Unlimited |
Unlimited |
Excess Debit Transaction Fee |
$1.25 each |
n/a |
n/a |
n/a |
Interac Access Fee / ATM fees |
$2.00 each |
$2.00 each |
3 free per month, $2.00 each after |
Free |
Interac e-Transfer Transaction |
Free |
Free |
Free |
Free |
Drafts |
$8.50 |
$8.50 |
6 free per year, $8.50 after |
12 free per year, $8.50 after |
Self-Serve Stop Payment |
$12.50 each |
$12.50 each |
$12.50 each |
Free |
Assisted Stop Payment |
$25.00 each |
$25.00 each |
$25.00 each |
Free |
Personalized Cheques |
Fees apply |
Fees apply |
Free |
Free |
https://www.rbcroyalbank.com/accounts/compare-chequing-accounts.html
How to get a PAP form
Desktop Online:
Log into your bank account and select the account which you want to obtain the void-cheque or pre authorized debit form from.
Once you are in the account screen, look to the right-hand side at the list of options, the “View and Print Void Cheque” and the “View and Print a Payroll Direct Deposit Form” will be near the lower end of the list.