Monthly Fee: $0
Open Account Open in new window Open Account Open in new window
Get $100
when you open a no monthly fee RBC Advantage Banking account for students1
Conditions apply. Offer expires June 30, 2024.
RBC Advantage Banking
account for students
$0
Monthly Fee2
for full-time students3
Free Interac
e-Transfer
Transactions4,5 in Canada
No ATM Fee From RBC
to Use Another Bank’s ATM in Canada6,7
View Additional Features
Additional Features Included in this Account
| Credit Card Rebate | Up to $48 rebate on the annual fee of an eligible credit card19 |
| Avion Points | Earn Avion Points on debit purchases9, even with your Virtual Visa Debit With the Virtual Visa Debit card you can have freedom to shop online with debit using the funds directly from your bank account. Safely shop at thousands of merchants where Visa is accepted. Avion Rewards gives you the opportunity to earn Avion points in many ways and the flexibility to redeem them for nearly endless options—travel the world, buy merchandise and gift cards from some of your favourite brands, pay down bills, invest in your future and much more. |
| RBC Mobile Student Edition8 | The app built to make it easier for students to manage their money |
| eStatements or Monthly Paper Statements | Free |
| Non-Sufficient Funds (NSF) Fee | 1 NSF fee rebated every calendar year20 |
Optional Services
| Personalized Cheques | Fees apply |
| Using a PLUS System ATM in Canada or the U.S.21 | $3 each |
| Using a PLUS System ATM Outside Canada or the U.S.21,22 | $5 each |
| Cross-Border Debits23 | $1 each |
| Overdraft Protection24 | $5/month, plus overdraft interest (if used) |
| Safe Deposit Box | Regular fees apply (opens in new window) |
| Bank Drafts | $9.95 each |
3 Steps To Get Your $100
Complete a transaction
Complete one of the transactions from the list below by August 30, 2024
- Make 3+ debit transactions
- Register for Interac Autodeposit and send one e-Transfer
- Sign up for a Virtual Visa Debit Card and make one transaction
With the Virtual Visa Debit card you can have freedom to shop online with debit using the funds directly from your bank account. Safely shop at thousands of merchants where Visa is accepted.
Get $100
Leave the rest to us! We’ll deposit your cash into your new RBC bank account
See all your cost savings and rewards—in one place.
Keep track of the benefits you get with an eligible RBC bank account using the Vantage Snapshot (opens in new window) in the RBC Mobile app.
Never worry about a lost card.
Easily lock a misplaced debit or credit card (opens in new window) in the RBC Mobile app9. Unlock it just as fast.
Check your credit score14 for free.
Easily access your credit score in RBC Online Banking15 without impacting your credit rating.
Get a head start on investing.
Pay no management fees when you open an RBC Direct Investing account as a student15.
See more of your favourite events.
Receive exclusive access and ticket discounts to see some of your favourite artists, sporting events and performances.
Safely shop online.
With Virtual Visa Debit16, you can make secure online purchases using the money in your bank account.
Get rewarded for the things you do every day
Now earn Avion points with a student account10.
Avion Rewards gives you the opportunity to earn Avion points in many ways and the flexibility to redeem them for nearly endless options—travel the world, buy merchandise and gift cards from some of your favourite brands, pay down bills, invest in your future and much more.
There are several ways to earn points. For example, you can earn points when you make debit purchases with an eligible RBC bank account that is enrolled in the Value Program or when you make purchases with an Avion Rewards credit card.
Avion Rewards also gives you access to discounts, bonus points, special offers and savings you’ll only find at Canada’s largest bank-owned loyalty program.
Get rewarded for the things you do every day
You can now earn Avion points when you enrol an eligible account in the Value Program and use your account to make debit purchases in-store or online10.
Combine points with those earned with your Avion Rewards credit card and redeem them for gift cards, travel and much more!
Earning Rewards (opens in new window)
Enjoy personalized offers from the brands you love
Simply load offers to an eligible RBC debit card11.
Enjoy personalized offers from the brands you love
Start getting rewarded with offers from popular brands including Apple, Best Buy, Indigo, H&M, Rexall and more when you load available offers to your eligible RBC debit card11.
Explore offers (opens in new window)
Set money aside for savings with zero effort
Small amounts add up fast with NOMI Find & Save12.
Set money aside for savings with zero effort
Available in the RBC Mobile app9, NOMI Find & Save12 learns your spending patterns to find extra dollars it thinks you won't miss and automatically moves them to a savings account for you.
Get personalized insights with NOMI
See where you're spending money—and more.
Get personalized insights with NOMI
Want to know how much you spent last month or if a payment might be due? NOMI Insights can tell you this and more. It can even let you know if an unusual transaction was made on your account.
Only available in the RBC Mobile app.
Explore NOMI (opens in new window)
See all your cost savings and rewards—in one place.
Keep track of the benefits you get with an eligible RBC bank account using the Vantage Snapshot (opens in new window) in the RBC Mobile app.
Never worry about a lost card.
Easily lock a misplaced debit or credit card in the RBC Mobile app9. Unlock it just as fast.
Check your credit score for free.
Easily access your credit score13 in RBC Online Banking14 without impacting your credit rating.
Get a head start on investing.
Pay no management fees when you open an RBC Direct Investing account as a student15.
See more of your favourite events.
Receive exclusive access and ticket discounts to see some of your favourite artists, sporting events and performances.
Safely shop online.
With Virtual Visa Debit16, you can make secure online purchases using the money in your bank account.
Explore RBC Vantage
Let’s Get Started
There are two simple and secure ways to open your new RBC Advantage
Banking account for students17
Open through RBC
Mobile App8
Great option for:
International Students
Students who are 13+18
- 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.
- 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
Student Resources
International Students
Find all the tools and resources you need to bank with confidence.
Learn More (opens in new window)
Students 12 and Younger
Get $2516 when you open an RBC Leo’s Young Savers Account.
Offer ends April 30, 2024
Learn More (opens in new window)
RBC High Interest eSavings Account
Earn 5.5% interest25,26 for 3 months when you open your first RBC High Interest eSavings account.
Offer expires 3:00 PM EST on April 10, 2024
Learn More (opens in new window)
Legal Disclaimer
1
Offer available February 1, 2024 - June 30, 2024 (“Promotional Period”)
This Promotional offer is available to any Eligible Student Client without a Personal Banking Account with Royal Bank of Canada at the beginning of the Promotional Period or in the three-year period before the start of the Promotional Period, and who otherwise comply with the Terms of the Promotional offer. The Bonus Offer is $100 with an Eligible Personal Banking Account.
To qualify for the $100 you must open your first new Eligible Personal Banking Account by 9:00 PM EST on June 30, 2024 and complete one of the following Qualifying Criteria by 9:00 PM EST on August 30, 2024 using your Eligible Personal Banking Account:
i.
a minimum of three (3) debit transactions;
ii.
register your Eligible Personal Banking Account for Interac Autodeposit and make one (1) e-Transfer using RBC Online Banking or the RBC Mobile app; or
iii.
enroll for a Virtual Visa Debit Card and make one (1) transaction
NOTE: Qualifying Debit Transactions are defined as Bill Payments or purchase transaction using any of the following: your RBC Client Card, an RBC Virtual Visa Debit card associated with your Eligible Personal Banking Account, Interac Flash, Apple Pay, Google Pay, Samsung Pay. Transactions carried out at an RBC Royal Bank branch or through the RBC Royal Bank ATM network, and bank fee transactions, are not included as qualifying transactions
NOTE: You must be at least 14 years of age to obtain an RBC Virtual Visa Debit card. As such, option iii. (above) of this section is only available to individuals who meet this minimum age requirement; if you are below the age of 14 and participate in this Promotional Offer, you must select one of the other eligible transaction types described.
The $100 cash component of the Bonus Offer will be deposited into your Eligible Personal Banking Account within 4 to 8 weeks of completing the Qualifying Criteria, if applicable. Royal Bank of Canada may follow up with Eligible Student Clients to remind them to complete the Qualifying Criteria.
This offer may not be combined or used in conjunction with any other Personal Banking Account offers. Royal Bank of Canada reserves the right to withdraw this offer at any time without notice, even after acceptance by you. For full details including defined terms visit rbc.com/student100terms (opens in new window).
Legal Disclaimer
2
RBC Advantage Banking for students allows eligible full-time students to receive a full waiver of the standard Monthly Fee applicable to our RBC Advantage Banking account. Please refer to the section labelled “Rebates, Fee Waivers and Discounts: RBC Advantage Banking for students” in the document entitled “Personal Deposit Accounts (PDA) Disclosures and Agreements”, which provides information specific to the RBC Advantage Banking account to supplement the information provided in the Personal Deposit Accounts Disclosures and Agreements document. You must advise us of your student status at the time of account opening an RBC Advantage Banking for students account and must advise of any changes to your student status thereafter. Proof of enrollment may be requested at our discretion.
Legal Disclaimer
3
To be considered a full-time student, you must attend a primary or secondary school OR be enrolled in a program at the post-secondary level at a college, university or other educational institution (whether in Canada or not). If you are a post-secondary student, you must take at least 60% of the usual course load for the program in which you are enrolled in any particular semester. You must advise us of your student status at the time of account opening and must advise of any changes to your student status thereafter. Proof of enrollment may be requested at our discretion.
Legal Disclaimer
4
Unlimited free Interac e-Transfer transactions are available in all Canadian dollar personal banking (chequing) accounts and are not counted toward the free monthly total in accounts with a limited number of free debits. There is a limit of 999 free Interac e-Transfer Transactions per Month per Account. In all Canadian dollar savings accounts, Interac e-Transfer transactions are $1 each, count as a Debit Transaction toward any free monthly total and carry an Excess Debit Transaction fee, if applicable. Interac e-Transfer transactions are not available in US dollar accounts.
Legal Disclaimer
5
Interac e-Transfer transactions expire 30 days after they are sent and cannot be claimed by the recipient after this time. You have 15 days after the Interac e-Transfer transaction is sent to cancel without charge. A $5.00 Interac e-Transfer transaction Reclaim Fee is charged when a recipient does not accept it before it expires and the sender does not cancel the transaction before the 15-day cancellation period.
Legal Disclaimer
6
An ATM operator surcharge (also called convenience fee) may be charged by other ATM operators. The convenience fee is not a Royal Bank fee. It is added directly to the amount of your cash withdrawal. All clients who use non-RBC ATMs may be charged a convenience fee regardless of the type of Account they hold.
Legal Disclaimer
7
When you use your Client Card to make a withdrawal in a currency other than Canadian dollars at an ATM outside Canada displaying the PLUS system symbol, we will convert the amounts withdrawn and any associated charges imposed by any third party for the use of the ATM to Canadian dollars when we deduct the funds from your Account. We will convert these amounts to Canadian dollars no later than the date we post the transaction to your Account at our exchange rate, which is 2.5% over a benchmark rate set by Visa International, a subsidiary of Visa Inc., and which Royal Bank of Canada pays on the date of conversion. This rate may be different from the rate in effect on the date your ATM withdrawal occurred or on the date of the transaction.
Legal Disclaimer
8
RBC Online Banking is provided by Royal Bank of Canada. RBC Mobile is operated by Royal Bank of Canada, RBC Direct Investing Inc. and RBC Dominion Securities Inc. RBC Mobile Student Edition is intended for clients under the age of 22. RBC Online Banking is operated by Royal Bank of Canada.
Legal Disclaimer
9
When you enrol your eligible RBC personal bank account into the RBC Value Program, you will be eligible to earn Avion points within the Avion Rewards Program as an Eligible Personal Banking Client, and any such points earned will be deposited into the Avion Rewards account tied to your enrolled account. Purchases from your account refers to using your RBC Client Card to pay for items at a merchant or service provider with the amount electronically debited directly from your enrolled account or using your RBC Virtual Visa Debit for purchases online. Avion points are governed by the Avion Rewards Terms and Conditions (opens in new window) available on our website, or a copy may be provided to you by contacting us. For complete details on the Value Program, please see the .
Legal Disclaimer
10
The offers program is available to clients with an RBC Royal Bank (i) debit card tied to a personal or business chequing account, and/or (ii) personal or business credit card, other than an RBC Commercial Visa or RBC US Dollar Visa card.
Eligibility criteria for an offer: (a) is determined by RBC, (b) may vary depending on the offer, and (c) may be based on the client’s preferences and account status. Eligible clients will refer to the terms and conditions applicable to each specific offer for more details.
Legal Disclaimer
11
The NOMI Find & Save Service will transfer funds from your designated source account to your NOMI Find & Save Account. The source account must be an eligible Royal Bank of Canada Canadian personal chequing account.
Legal Disclaimer
12
The TransUnion CreditView Dashboard is only available to existing RBC Online Banking clients who are age of majority in their province of residence. In order for you to access the CreditView Dashboard, we must share your name, address and date of birth with TransUnion each time you click on the "View Your Credit Score" link in Online Banking. In certain instances, TransUnion may not be able to locate a record matching your information and you will not be able to access your credit score in the TransUnion CreditView Dashboard. Should this happen, please contact us to verify your information. The CreditView Dashboard information is provided by TransUnion for educational purposes and is not intended to provide you with financial advice. We do not review or use CreditView Dashboard information, and CreditView Dashboard information cannot be interpreted as credit approval. As such, Royal Bank of Canada is not liable for any decision you make based on CreditView Dashboard information.
Legal Disclaimer
13
RBC Online Banking is operated by Royal Bank of Canada.
Legal Disclaimer
14
RBC student clients with an RBC Advantage Banking account, (or the grandfathered RBC Student Banking and/or the RBC No Limit Banking for Students account) who have an RBC Direct Investing account are eligible to receive a waiver of the RBC Direct Investing account quarterly maintenance fee (the “Fee Waiver”). The Fee Waiver will apply: i) while the client is an RBC student client; and ii) for five years after the student completes their studies, as long as any personal deposit account is maintained with RBC. In the case of RBC Direct Investing joint accounts, the Fee Waiver will be allowed for the younger of the joint account holders only.
Legal Disclaimer
15
Debit transactions made using your Virtual Visa Debit Number do not count against any monthly transaction limits applicable to your personal deposit account. Other account fees may apply. Please see the RBC Royal Bank Disclosures and Agreements related to Personal Deposit Accounts booklet or other applicable account agreement for further details. You must request a Virtual Visa Debit card.
Legal Disclaimer
16
This offer is available to any Eligible Clients without a Personal Banking Account with Royal Bank of Canada within the last 3 years before the start of the promotional period on February 1, 2024. The Bonus Offer is $25 with an RBC Leo’s Young Savers Account®. This account type is intended for clients 0-12 years. No qualifying transactions or purchases are required for the $25 Bonus Offer with the RBC Leo’s Young Savers Account. The Bonus Offer will be deposited into your Eligible Personal Banking Account within 2 to 8 weeks provided your account remains in good standing. This offer may not be combined or used in conjunction with any other Personal Banking Account offers. Royal Bank of Canada reserves the right to withdraw or modify this offer at any time without notice, even after acceptance by you. You must open your first new Eligible Personal Banking Account by 9:00 PM EST on April 30, 2024. For full legal terms click here: www.rbc.com/leo25 (opens in new window)
Legal Disclaimer
17
RBC aims to ensure our products and services are right for our clients; however we are not always able to do so when our clients use our self-serve channels. If you need help making a choice, please contact us.
Legal Disclaimer
18
Students who are 14+ in Quebec and 13+ in all other provinces and territories.
Legal Disclaimer
19
Subject to credit approval. If you are a post-secondary student and an owner or co-owner of an RBC Advantage™ Banking Account for students (“Eligible Student Bank Account”) and the primary cardholder of one of the eligible RBC Royal Bank credit cards listed below (each, an “Eligible Credit Card”), the annual fee of your Eligible Credit Card may be fully rebated, every year:
Eligible Credit Cards and Annual Fee Rebate Table
| Eligible Credit Cards | Annual Fee Rebate |
|---|---|
| RBC ION+ Visa | $4 a month ($48 annually) |
| WestJet RBC MasterCard | $39 |
| Signature RBC Rewards Visa | $39 |
| Visa Cash Back Card | $19 |
For any other RBC Royal Bank credit card, regular annual fees apply as they are not eligible for a rebate. For the annual fee of your Eligible Credit Card to be fully rebated, every year, you must: i) complete the Student Information section of the credit card application in full, ii) remain a student, and iii) be an owner or co-owner of an Eligible Student Bank Account throughout your studies. The annual fee of your Eligible Credit Card will continue to be fully rebated: i) until you close your Eligible Student Bank Account, or ii) until the Expected Graduation Year you have provided at the opening of your Eligible Student Bank Account, whichever comes first. Thereafter, the annual fee will no longer be rebated. If, for some reason, the Expected Graduation Year you have provided at the opening of your Eligible Student Bank Account differs from the one you have indicated on your credit card application, the Expected Graduation Year you have provided at the opening of your Eligible Student Bank Account will prevail and be used for determining the expiry of this offer. Additional cardholders (co-applicant and authorized user(s)) do not qualify for the annual fee rebate even if they are also owners of an Eligible Student Bank Account. Only one credit card annual fee rebate per Eligible Student Bank Account is allowed. If you already have an Eligible Student Bank Account, the rebate will be applied at the time you open your Eligible Credit Card account. If you open your Eligible Student Bank Account after you have opened your Eligible Credit Card account, the rebate will be applied at your next annual renewal and won't be applied retroactively. Other conditions and restrictions may apply. Royal Bank of Canada reserves the right to withdraw this offer at any time, even after acceptance by you.
Legal Disclaimer
20
We will rebate the standard NSF fee of $45 for your first NSF transaction in a given calendar year. You will be charged $45 for each NSF in the calendar year thereafter. You may not carry over unused NSF fee rebates from previous calendar years.
Legal Disclaimer
21
An ATM operator surcharge (also called convenience fee) may be charged by other ATM operators. The convenience fee is not a Royal Bank fee. It is added directly to the amount of your cash withdrawal. All clients who use non-RBC ATMs may be charged a convenience fee regardless of the type of Account they hold.
Legal Disclaimer
22
When you use your Client Card to make a withdrawal in a currency other than Canadian dollars at an ATM outside Canada displaying the PLUS system symbol, we will convert the amounts withdrawn and any associated charges imposed by any third party for the use of the ATM to Canadian dollars when we deduct the funds from your Account. We will convert these amounts to Canadian dollars no later than the date we post the transaction to your Account at our exchange rate, which is 2.5% over a benchmark rate set by Visa International, a subsidiary of Visa Inc., and which Royal Bank of Canada pays on the date of conversion. This rate may be different from the rate in effect on the date your ATM withdrawal occurred or on the date of the transaction.
Legal Disclaimer
23
In addition to the fee for making a Cross Border Debit, the purchase amount will be subject to foreign exchange rates at the time of the purchase. Transactions are converted to Canadian dollars at an exchange rate that is 2.5% over the Interbank Spot Rate as defined by Interac Corp.
Legal Disclaimer
24
Subject to credit approval. Overdraft Interest applies if used.
Legal Disclaimer
25
The Bonus Interest Rate of 3.8% within the RBC New eSavings Client Bonus Interest Rate Offer (“Offer”) is available to Eligible Clients who were a resident of Canada and of the age of majority in the province or territory in which they reside as of the date the Eligible eSavings Account is opened; who were not the Primary Owner of an RBC High Interest eSavings Account at any time before the beginning of the Qualifying Period (as defined below), and who open a new RBC High Interest eSavings Account (“Eligible eSavings Account”) as the Primary Owner between January 4, 2024 and 3:00 PM EST on April 10, 2024 (the “Qualifying Period”). (Note: For added clarity, you will not qualify for this Offer by switching from another account type to an Eligible eSavings Account.) The Bonus Interest Rate on January 4, 2024 was 3.8% and is only applicable to deposits made in the Eligible eSavings Account for 3 months (90 days) from the date the Eligible savings Account was opened (the “Promotional Period”) and up to a maximum of $1,000,000 of the Eligible savings Account’s total balance. Any balances over $1,000,000 will be paid the Regular Interest Rate. The Regular Interest Rate is subject to change without notice, and the most current rate is posted on our Personal Accounts Interest Rates webpage, which may be viewed at https://www.rbcroyalbank.com/rates/persacct.html. At the end of the Promotional Period, all balances will earn interest at the Regular Interest Rate only. Regular Interest Rate and Bonus Interest Rate are annualized rates, and (subject to certain exceptions) are calculated daily and paid monthly. Offer and interest rates are subject to change without notice. Offer may be withdrawn at any time. Conditions apply. For other defined terms and complete terms and conditions that apply to this Offer, please visit www.rbc.com/januaryhisa24.
Legal Disclaimer
26
Total of 90 days: For the purpose of this RBC New eSavings Client Bonus Interest Rate Offer and any related marketing, any reference to a period of 3 months means a period of 90 calendar days regardless of how many calendar days may fall within any given calendar 3-month period
