• Newcomers

Newcomers to Canada - Business Owner/Entrepreneur

Newcomers to Canada - Business Owner/Entrepreneur

Starting Your First Business in Canada

When you’re starting a business in Canada, getting the right financial advice can make all the difference to your success. We have been providing business advice to newcomer entrepreneurs for generations, and we want you to achieve the same success as they have. Start your business off right, call one of our business advisors today.

Take advantage of the RBC Newcomer Advantage®1 for both your business and personal finances in Canada. There are many features and benefits for newcomer business owners including:

  • Business banking account: Get a $50 credit when you open any eligible new RBC® business bank account13.
    • The $6 Small Business® Account is ideal for new and growing businesses with unpredictable monthly transaction volumes.
    • Fixed-Fee Plans offer great value for businesses with consistent monthly activity.
  • Personal banking account: Open an RBC No Limit Banking account and enjoy no monthly fees for 12 months7. With the RBC No Limit Banking account there’s no limit to the number of Interac e-Transfers transactions you can send or to the number of debit transactions8 you can make.
  • First personal credit card with no credit history required2 and no annual fee on select cards3.
    • Receive 2,500 welcome RBC Rewards® points when you are approved for a RBC Rewards+ Visa card9
    • Save 3¢/L on fuel when you use your linked RBC debit or credit card at Petro-Canada and always earn 20% more Petro-Points and 20% more RBC Rewards points if you pay with a linked RBC credit card that earns RBC Rewards points.56
  • First car with an RBC Royal Bank® personal car loan, no credit history required4 at over 3,500 dealerships.
  • First home in Canada, with a personal mortgage, no credit history required5
  • Preferred interest rates on select Guaranteed Investment Certificates (GICs)10
  • Small safe deposit box (lock box) with fees waived on an RBC No Limit Banking, RBC Signature No Limit Banking (each for a limited time), or RBC VIP Banking account 11
  • A cost-effective way to send money overseas with RBC International Money Transfer12

Why Choose Royal Bank of Canada?

  • We are Canada's largest bank*
  • Service is available by phone or in-branch in over 200 languages
  • We were recognized as “Highest in Customer Satisfaction Among the Big Five Retail Banks” in Canada and named as “Best Trade Finance Bank” for the 4th consecutive year globally
  • You can bank safely anywhere, anytime with online and mobile banking14
  • We have the largest combined branch and ATM network across Canada, with more than 4,200 ATMs

What Can We Help You With Today?

Get Started Today

We can even help you purchase business property when you’re ready, and much more...

For your personal banking needs – get advice on everything from your first personal bank account to buying your first home or car.

Talk to an RBC small business advisor today!

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