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Popular Investment Plans in Canada
Your future is important. Whether you’re here to stay or in Canada just for a while, with RBC you can invest in Canada’s popular investment plans to help you save, grow and protect your money.
Tax-Free Savings Account (TFSA)
How can I use it?
Save for anything you want in the next few years⎯an emergency fund, a car, renovation or retirement.
What is it?
A registered savings plan where investment earnings and withdrawals are tax-free41.
- Canadian residents
- Permanent residents/landed immigrants
- Foreign workers42
- International students
Eligibility requirements:
- Have reached age of majority in your province of residence
- Have a Social Insurance Number
Are contributions tax-deductible?
No
Do savings grow tax-free or tax-deferred?
Tax-free41
Are withdrawals taxed?
Never
What investment products can I hold in it?
- Cash
- GICs
- Mutual funds
- Savings deposits
- Stocks, bonds, Exchange-Traded Funds (ETFs) and more46
Annual contribution limits
$6,000 for 2019 (subject to change) plus any unused contribution room from previous years54
Do I need to earn an income to contribute?
No
Registered Retirement Savings Plan (RRSP)
How can I use it?
Set money aside now, while you’re still working, to use when you retire.
What is it?
A registered investment plan where investment earnings are tax-deferred until retirement, and contributions are tax-deductible.
Are contributions tax-deductible?
Yes⎯contributions reduce your taxable income
Do savings grow tax-free or tax-deferred?
Tax-deferred, until withdrawal
Are withdrawals taxed?
Yes⎯withdrawals are added to taxable income the year the money is withdrawn
What investment products can I hold in it?
- Cash
- GICs
- Mutual funds
- Savings deposits
- Stocks, bonds, Exchange-Traded Funds (ETFs) and more46
Annual contribution limits
18% of previous year's earned income, less any pension adjustment, up to the maximum annual contribution limit45
Do I need to earn an income to contribute?
Yes
Registered Education Savings Plan (RESP)
How can I use it?
Save for a child’s post-secondary education costs.
What is it?
A registered investment plan where investment earnings are tax-deferred. Some contributions are eligible for government incentives.43
Eligibility requirements:
- Have a Social Insurance Number (Canadian residency not required)
The beneficiary of an RESP (or the student), must:
- Be a Canadian resident or permanent resident/landed immigrant
- Have a Social Insurance Number
Are contributions tax-deductible?
No
Do savings grow tax-free or tax-deferred?
Tax-deferred,43 until withdrawal
Are withdrawals taxed?
May be taxed at a lower rate, or not taxed at all, when paid out to the beneficiary (or student) for their education costs
What investment products can I hold in it?
- Cash
- GICs
- Mutual funds
- Savings deposits
- Stocks, bonds, Exchange-Traded Funds (ETFs) and more46
Annual contribution limits
No annual limit, but there is a lifetime contribution limit of $50,000 per beneficiary
Note: There are also government grants and bonds that you may be able to take advantage of to grow your child’s savings faster
Do I need to earn an income to contribute?
No
Non-Registered Investment Account
How can I use it?
Save for any reason in a flexible account that gives you easy access to your money.
What is it?
A non-registered investment account that you can contribute any amount to and withdraw from when needed.
- Canadian residents
- Permanent residents/landed immigrants
- Foreign workers
- International students
Eligibility requirements:
- Have reached age of majority in your province of residence
- Have a Social Insurance Number
Are contributions tax-deductible?
No
Do savings grow tax-free or tax-deferred?
Investment income, interest and capital gains are taxed
Are withdrawals taxed?
Yes
What investment products can I hold in it?
- Cash
- GICs
- Mutual funds
- Stocks, bonds, Exchange-Traded Funds (ETFs) and more46
Annual contribution limits
No limit to how much you can contribute
Do I need to earn an income to contribute?
No
Note: The chart above is intended for general information purposes only. It should not be regarded as comprehensive or a substitute for professional advice. For complete details on eligibility, contributions, withdrawals and more, please talk to an advisor.
Investment Products at RBC
To protect your initial investment or explore opportunities to grow your money, you can choose from our broad lineup of products, including:
Savings Deposits
A savings deposit is simple and safe, giving you easy access to your money and guaranteeing your original investment (principal) and the interest you earn.
May be right for you if:
- You want to make a last-minute contribution to a registered plan
- You’re not sure how you want to invest your money
- You're looking to start saving in a registered account/plan
Guaranteed Investment Certificates (GICs)
A GIC is a secure fixed-income investment that guarantees 100% of your original investment, while earning interest at a fixed or variable rate, or based on a specific formula.
May be right for you if:
- You want the security of knowing that 100% of your original investment is protected
- You seek competitive rates that are guaranteed for the full term of your investment, including preferred rates for newcomers16
- You’re looking for more growth potential than a savings deposit
Mutual Funds
A mutual fund is an easy way to invest in a pool of stocks, bonds and other investments that is managed on your behalf by a professional money manager.
May be right for you if:
- You want to benefit from the expertise of a professional money manager
- You’re looking to diversify your investments (a strategy to help reduce risk by holding investments across a variety of regions, sectors, industries and issuers)
- You’re looking for more growth potential than a savings deposit or GIC
- You want ease and convenience
Exchange-Traded Funds (ETFs)46
An ETF is similar to a mutual fund, except an ETF trades like a stock on an exchange. Like a mutual fund, you can buy ‘units’ in an ETF to own a proportional interest of a pool of assets (such as stocks or bonds).
May be right for you if:
- You’re looking for instant diversification
- You prefer their lower fees compared to other types of investments
- You need the flexibility to easily buy and sell
Stocks46
Stocks (or equities) let you purchase a small part of an individual company. You can participate in and benefit from the company’s growth, and potentially receive tax-efficient dividend income and capital gains.
May be right for you if:
- You’re comfortable with fluctuating returns
- You want the potential for greater long-term returns compared to cash and fixed-income investments like GICs
- You’re looking to earn dividends and capital gains
Bonds46
Bonds are conservative fixed-income investments issued by a company or government. When you buy a bond, the bond issuer pays you interest for a specific time period and repays your initial investment when the bond matures.
May be right for you if:
- You want to reduce the overall risk in your investment portfolio
- You want a relatively safe investment
Ways to Invest at RBC
There are a number of ways you can invest with us here at RBC. Not sure what’s right for you? No problem—we can help guide you!
With an RBC Royal Bank advisor
Whether you are saving for retirement, a big purchase, or your child’s education, RBC Royal Bank advisors and financial planners can provide you with holistic financial advice from goal planning to investment decisions. As an RBC Client you have access to MyAdvisorAnother RBC site, where you can keep an eye on all your investments, track your goals and connect with an advisor for personalized advice in person, by phone or via video chat.
With an RBC Wealth Management advisor
A dedicated RBC Wealth Management advisor can help you with your sophisticated or complex investing and wealth management needs. Advisors can create a personalized investment portfolio drawing on a complete range of investment choices, and provide customized wealth management solutions.
Visit RBC Wealth ManagementAnother RBC siteSelf-directed, online investing with RBC Direct Investing
For those who want to make their own investment decisions, RBC Direct Investing offers in-depth research, a wide range of investment choices and accounts, and an innovative Community where you can learn, share ideas and connect with other investors—so you can invest online with confidence. Want to see how it works? Open a Practice Account to try online investing, risk free!
Visit RBC Direct InvestingAnother RBC siteOnline with RBC InvestEase, guided by a portfolio advisor
If you want to leave the investing work to experts, RBC InvestEase can recommend an automated, online investment plan made up of a mix of ETFs in a professional portfolio. Our advisors work behind the scenes to help you stay on track.
Visit RBC InvestEaseAnother RBC siteThe RBC Newcomer Advantage
Get what you need for a great financial start in Canada. Discover products and services that can help you settle in faster. Plus, get up to a $15,000 credit limit on a new RBC credit card9.
Why Newcomers Love Our Investment Solutions
With so many types of investments available in Canada, it can feel overwhelming to get started. We can help, with expert advice and the guidance you’ll need to create a bright future for you and your family.
-
Start investing before you have permanent residency
If you’re in Canada under a temporary work or study permit, you can still invest for the years ahead.
-
Earn a better rate on a safe, secure investment
We offer newcomers preferred interest rates on select Guaranteed Investment Certificates (GICs).16
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Save for all the important things in life and track your progress
Whether you're saving for a home or your kids’ education, we can help create a personalized investment plan.
-
Build and protect your wealth with confidence
We make it easier to manage your more complex wealth management needs.
How to Invest
How do you want to invest? Talk to us today and we’ll help you start investing for your future in Canada.
See details on investing options under Ways to Invest at RBC.
For help making investment decisions:
For professional advice to help you invest your wealth:
Visit RBC Wealth ManagementTo make your own investment decisions with support from online research and tools:
Visit RBC Direct InvestingTo invest online the easy, automated way:
Visit RBC InvestEaseView Investment Legal DisclaimersHide Investment Legal Disclaimers
Investment advice is only provided by Royal Mutual Funds Inc. (RMFI) and RBC Dominion Securities Inc. (RBC DS) to their respective clients. RMFI is licensed as a financial services firm in the province of Quebec. RMFI, RBC DS, RBC Direct Investing Inc. (RBC DI) and Royal Bank of Canada are separate corporate entities which are affiliated. RBC DS and RBC DI are members of the Investment Industry Regulatory Organization of Canada and the Canadian Investor Protection Fund. Royal Bank of Canada and certain of its issuers are related to RMFI, RBC DS and RBC DI.
RBC DI does not provide investment advice or recommendations regarding the purchase or sale of any securities. Investors are responsible for their own investment decisions. RBC Direct Investing is a business name used by RBC DI.
This publication is for informational use only and is furnished on the basis and understanding that none of RMFI, RBC DS, RBC DI and Royal Bank of Canada, nor any of their respective employees, agents or information suppliers, are to be under any responsibility or liability whatsoever in respect hereof. The strategies, advice and technical content in this publication are provided for the general guidance and benefit of readers based on information believed to be accurate and complete, but we cannot guarantee the accuracy or completeness of such information. Interest rates, market conditions, tax and legal rules and other investment factors are subject to change. This publication is not intended as nor does it constitute tax or legal advice. Readers should consult their own professional advisors when planning to implement a strategy. This will ensure that individual circumstances have been considered properly and that action is taken based on the latest available information.
Mutual funds are distributed through RMFI, RBC DS and RBC DI. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Please read the prospectus or Fund Facts before investing. Mutual funds are not guaranteed or covered by the Canada Deposit Insurance Corporation or by another government deposit insurer, their values change frequently, and past performance may not be repeated. For money market funds, there can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you.
View Legal DisclaimersHide Legal Disclaimers
You must be enrolled in RBC Online Banking in order to link your RBC Card to your Be Well Card. Card linking may take up to 2 business days to process before Be Well points can be applied to purchases.
Each time you scan your Be Well Card and pay with your Linked RBC Card, you will earn 50 Be Well points for every $1 spent on eligible purchases at Rexall Locations. For full details, and defined terms visit Be Well Terms and Conditions available at https://www.letsbewell.ca/terms-conditions.
Be Well points are not awarded on taxes; tobacco products; products containing codeine; lottery tickets; alcohol; bottle deposits; gift cards; prepaid cards and wireless or long distance phone cards; event tickets; transit tickets and passes; post office transactions; stamps; passport photos; cash back; gifts with purchases; delivery charges; environmental levies; Home Health Care services/rentals and any other products or services that we may specify from time to time or where prohibited by law.
You must apply for the RBC Cash Back Mastercard by September 30, 2022, at an RBC Royal Bank branch, and be approved by us. You will earn an additional $4.00 back for every $100.00 (4% Cash Back Credit) in Net Purchases (including pre-authorized bill payments) charged on your RBC Cash Back Mastercard account within the first 3 months of account opening, up to a maximum total combined spend of $1,250 (“Welcome Bonus”). Thereafter, the standard Cash Back Credit earn rates of up to 2% on Grocery Store Purchases and up to 1% on other Net Purchases (that are not Grocery Store Purchases) apply. The Welcome Bonus is in addition to the standard Cash Back Credit earn rates. Cash Back Credits are not earned on cash advances (including balance transfers, cash-like transactions and bill payments that are not pre-authorized charges that you set up with a merchant), interest charges or fees, and credits for returns and adjustments will reduce or cancel the cash back credits earned by the amounts originally charged. The Welcome Bonus will appear on your next monthly statement after it was earned, and will be credited as set out in disclosure 35 (below). For complete details on the RBC Cash Back Program including standard earn rates and crediting of Cash Back Rewards, please refer to the RBC Cash Back Program Terms and Conditions at www.rbc.com/cashbackterms(PDF). Offer applies to new RBC Cash Back Mastercard accounts only.
One offer per eligible account. Existing cardholders of any RBC personal credit card, applying for or transferring to an RBC Cash Back Mastercard card, are not eligible for this offer. This offer may not be combined or used in conjunction with any other offer except as otherwise set out. Royal Bank of Canada reserves the right to modify, cancel or withdraw this offer at any time. This offer may be revoked at any time if we suspect you may be manipulating or abusing it, or engaging in any suspicious or fraudulent activity, as determined by Royal Bank of Canada in its sole discretion.
RBC automotive financing products are offered by Royal Bank of Canada by way of conditional sales contract (in Quebec, installment sales contract) and are subject to its standard lending criteria.
Available to permanent residents and temporary foreign workers who have been in Canada for less than 3 years. Down payment of up to 15% may be required. Maximum financing term is 96 months with a maximum loan amount of $75,000. Note: for investor class permanent residents, there is no maximum loan amount. No credit history required on vehicles less than 10 years old, provided you meet all of the eligibility and credit criteria of Royal Bank of Canada.
After IMT Offer, International Money Transfer transactions that are under $1,000 have a fee of $6 per transaction. Transactions between $1,000.01 to $2,500 have a fee of $10 per transaction. Excess debit transaction fee may also apply depending on the account. Additional service fees by any intermediary and receiving bank may also apply. Maximum of $2,500 Canadian dollars or Canadian dollar equivalent per client per day. Transfers can only be made from eligible Canadian dollar bank accounts. The IMT service is not available for money transfer transactions with recipients in Canada or in restricted countries. You cannot send an IMT from a U.S. dollar account or an RBC High Interest eSavings account.
If you are a post-secondary student and an owner or co-owner of an RBC Advantage Banking for students account (each, an “Eligible Student Bank Account”) and the primary cardholder of either the Signature RBC Rewards Visa credit card or WestJet RBC MasterCard credit card (each, an “Eligible Student Credit Card”), you may be entitled to a rebate towards the annual fee of your Eligible Student Credit Card, every year. You will still be responsible for all other interest charges or fees. For any other RBC Royal Bank credit card, regular annual fees apply as they are not eligible for a rebate.
To benefit from a rebate towards the annual fee of an Eligible Student Credit Card, every year, you must:
-
complete the Student Information section of the credit card application form in full,
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remain a student, and
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be an owner or co-owner of an Eligible Student Bank Account throughout your studies.
Eligible Credit Cards | Annual Fee Rebate |
---|---|
Signature RBC Rewards Visa card† | $39 |
WestJet RBC Mastercard | $39 |
Subject to credit approval
You will continue to benefit from the rebate on your annual fee until: i) 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 occurs earlier, as long as your credit card account remains in good standing. Thereafter, you will no longer receive the rebate on the annual fee.
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 form, 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-applicants and authorized users) are not eligible for this offer. Only one credit card annual fee rebate per Eligible Student Bank Account is allowed. This means that if this is a jointly held Eligible Student Bank Account, and each co-owner is also the primary cardholder of an Eligible Student Credit Card, only the Primary Owner of the Eligible Student Bank Account will be entitled to the credit card annual fee rebate.
ATM use outside Canada
Each account cash withdrawal at an ATM outside Canada displaying the PLUS System symbol and any fees that may be
imposed by any third party for using the ATM are converted to Canadian dollars at an exchange rate that is 2.5%
above the benchmark rate set by the payment card company when the transaction is posted. Exchange rates
fluctuate and, as such, the rate applied will usually differ from the posted exchange rate at the time of the
transaction.
ATMs - 3 withdrawals from other bank ATMs refunded per Monthly
Cycle
ATM operator surcharge (also called a convenience fee) may apply. It is charged by a third party and added
directly to the amount of your cash withdrawal. Totals are not cumulative, and if not used, may not be carried
over into the next Monthly Cycle
ATM - Unlimited banking transactions including Interac and PLUS
System network fees waived
ATM operator surcharge (also called a convenience fee) may be charged by other ATM operators. The convenience
fee is not a Royal Bank fee and 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.
The length of hold will be four (4) business days after the day of the deposit if the cheque or other negotiable item is deposited in person with an employee at one of RBC’s branches or points of service and is in Canadian dollars, drawn on a Canadian branch of a Canadian financial institution.
The length of hold will be five (5) business days after the day of deposit if the cheque or other negotiable item is deposited in any other manner, such as at an Automated Teller Machine (ATM) or using our Mobile Cheque Deposit service, and is in Canadian dollars, drawn on a Canadian branch of a Canadian financial institution.
The length of hold will also be five (5) business days after the day of deposit if the cheque or other negotiable item is in U.S. dollars and drawn on a Canadian branch of a Canadian financial institution.
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 and Discounts: RBC Advantage Banking for studentsPDF” in the document entitled “Addendum to April 30, 2020 Personal Deposit Accounts 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.
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. Proof of enrollment may be requested at our discretion.
Arrive is powered by RBC Ventures Inc., a subsidiary of RBC.
To qualify for the Code you must open your first new Eligible Personal Banking Account by 9:00 PM EST on June 30, 2022 and complete two of the following Qualifying Criteria by 9:00 PM EST on August 25, 2022 using your Eligible Personal Banking Account:
ii. a minimum of one (1) Interac e-Transfer using RBC Online Banking or the RBC Mobile app; or
iii. a minimum of one (1) mobile cheque deposit using the RBC Mobile app.
- To claim the Code promotional offer, we will notify you by way of an email to the email address we have recorded in your client profile, when you have fulfilled the Qualifying Criteria and qualified to receive the code. This message will be sent at any time up to 8 weeks after all Qualifying Criteria have been completed. The message will contain a link to a webpage with instructions on how to obtain your unique Code through RBC Online Banking. This Promotional Offer is provided and administered by RBC. However, the Code and your use of the Code, as well as any ticket-purchase transaction through Live Nation or Ticketmaster that you make, are subject to additional terms and conditions from Live Nation and/or Ticketmaster, as further described below.
- Code use/redemption is subject to Live Nation’s Code Terms, available online at ticketmaster.ca/75rbc(opens to external site).
- Subject to Live Nation’s Code Terms, Codes are redeemable only on the website located at http://www.ticketmaster.ca/75rbc(opens to external site).
- Each Code is a one-time-use-only promotional code provided by Live Nation and good toward $75 off the final ticket-purchase price for one or more select Live Nation produced and promoted concert(s) or event(s) in Canada ticketed on ticketmaster.ca/75rbc(opens to external site), based on availability under the Concert Cash program.
- Codes cannot be used toward VIP Nation®, TicketsNow® or events not ticketed by Live Nation, fan clubs, ticket packages, gift cards, merchandise, credits or shipping charges. Additional exclusions may apply to TM+, Platinum, Fan-to-Fan Resale, TicketExchange by Ticketmaster®, events at AEG venues and tickets not sold directly by Live Nation and Ticketmaster.
- All ticket purchases are subject to the Live Nation Purchase Policy(opens to external site). Codes must be redeemed with an eligible ticket-purchase transaction by 11:59 PM PST on April 30, 2023. A Code can be used only once. A maximum of one (1) Code may be applied per ticket-purchase transaction. (For added clarity, a transaction may include the purchase of tickets to multiple eligible events, but the Code may only be use in one (1) such transaction.)
- Codes are void if not obtained through authorized, legitimate channels, or if any part is defective, altered, duplicated, photocopied, forged, counterfeited, mutilated or tampered with in any way, or if Codes contain or are the result of a printing, seeding, typographical, mechanical or other error(s), or do not contain proper security devices (each an “irregular Code”). Any attempt to obtain or generate multiple Codes and/or irregular Codes and/or to use multiple names, email addresses, phone numbers and/or any fraudulent or other non-permissible mechanisms to obtain Codes, as determined by Live Nation in its sole discretion, shall give Live Nation and/or RBC the right to disqualify the user of any such Code, even if such user is an Eligible Client and has otherwise met the criteria of this Promotional Offer. Codes have no cash value and cannot be exchanged for cash or credit, except as required by law. Codes cannot be sold or bought and will be void if sold or exchanged for compensation. Any unused value will be forfeited. Codes cannot be combined with other product offers or promotions. Ticket(s) purchased with a Code may be for personal use or gifts only and are not valid for resale. Codes cannot be used for past purchases or offers. Use of a Code for unauthorized advertising, marketing or other promotional purposes is strictly prohibited.
- Codes cannot be replaced if lost or stolen and Live Nation is not responsible for any damage or loss resulting from unauthorized use of a Code.
- Codes are void where prohibited by law.
- If a Code is used in violation of these Terms, Live Nation reserves the right to (a) cancel any ticket order, or (b) charge user’s credit card for the value of tickets after shipment. Once tickets are issued, they cannot be exchanged for other tickets or merchandise.
- Live Nation Canada, Inc., not Royal Bank of Canada, is entirely responsible for the use/redemption of the Code.
Up to 6,000 RBC Rewards points is a combination of 2,500 welcome RBC Rewards points exclusive to eligible newcomers, as outlined in note 71, and the digital bonus offer of up to 3,500 RBC Rewards points set out in note 86.
RBC Rewards+ Visa cardholders get our most popular $25 gift cards for 2,500 points. All rewards are subject to availability. The regular redemption rate for RBC Rewards members, other than RBC Rewards+ cardholders, is 3,500 RBC Rewards points for a $25 gift card for Amazon.ca, iTunes, Starbucks, McCafe and Cineplex. Point redemption values may fluctuate. For complete terms, conditions and restrictions that apply to the RBC Rewards program, please visit www.rbcrewards.com or call 1-800-769-2512. Please note that the redemption rate for gift cards not listed above, including Petro-Canada gift cards, is 3,500 RBC Rewards points.
To receive 3,500 RBC Rewards points on your RBC Rewards+ Visa credit card account as part of our digital bonus offer, get 500 points for completing each of the following activities within 60 days of credit card approval: (i) share your email address with us, (ii) sign up for eStatements for your card, (iii) download and sign into the RBC Mobile app, and provided you bank with RBC (with an RBC Day to Day Banking, RBC Advantage Banking, RBC Private Banking, RBC Signature No Limit Banking, RBC VIP Banking, US Personal Account, Ratelink Essential, Ratelink Preference, RBC Day to Day Savings, RBC Enhanced Savings or RBC High Interest eSavings account), (iv) make an Interac e-Transfer with the RBC Mobile app or RBC Online Banking, (v) Transfer funds with the RBC Mobile app or RBC Online Banking, (vi) deposit a cheque with the RBC Mobile app and (vii) pay a bill with the RBC Mobile app or RBC Online Banking. Additional cardholder(s), as well as existing RBC Rewards+ Visa cardholders as of the offer eligibility period, are not eligible for this offer. This offer may not be combined or used in conjunction with any other offer, unless otherwise indicated by us. Offer may be amended or withdrawn at any time without notice.
Limited time offer must be fulfilled within 60 days from date of credit card approval. This offer is not transferable, may not be combined or used in conjunction with any other offer. Offer may be changed, cancelled or withdrawn at any time. Only the Primary Cardholder of an RBC Rewards+ Visa card is eligible for this offer and may receive a one-time bonus of 500 RBC Rewards points (“Bonus Points”) for each listed offer (each a “Bonus Offer”) up to a maximum of 3,500 RBC Rewards points. It may take up to 60 days after offer expires for the Bonus Points to appear on the credit card statement. Primary Cardholder can provide us their email address and sign up for eStatements through RBC Online Banking by visiting a branch or calling 1-800-769-2512.
To bank with RBC means you must hold any of the following RBC bank accounts (each an "Eligible Account"): RBC Day to Day Banking, RBC Advantage Banking,RBC Private Banking, RBC Signature No Limit Banking, RBC VIP Banking, US Personal Account, Ratelink Essential, Ratelink Preference, RBC Day to Day Savings, RBC Enhanced Savings or RBC High Interest eSavings. If you do not have an Eligible Account you may open one by visiting a branch.
Interac e-Transfer transactions are free for all RBC personal chequing accounts. US Dollar accounts are not eligible. A fee of $1.00 may be charged to the sender for Interac e-Transfers sent from RBC personal savings accounts listed as an Eligible Account (see note 18).
Deposits are subject to the same maximum deposit limits as well as release and payment amounts as deposits made at an RBC Royal Bank ATM. Cheques will also be subject to our Personal Banking hold policies.
Available only to newcomers (please see the eligibility requirements in above note 1). Annual fees will be waived for RBC Advantage Banking and RBC Signature No Limit Banking accounts (each an "Eligible Account") for up to two-year rental (offer ends December 31, 2022) of a small safe deposit box (SDB), where such boxes are available. Standard safe deposit box fees are collected in advance in January for each calendar year. If you open, switch or are converted to an Eligible Account, the standard fee applicable to your eligible safe deposit box will be waived in full or in part for the current year, depending on the time when the box is opened, and in full for the following year. RBC VIP Banking account holders receive one small box free as a standard feature of that account type, so long as they maintain their RBC VIP Banking account in good standing; offer cannot be combined with any other safe deposit box offer. Offer is subject to change without notice
Guaranteed investment certificates are issued by Royal Bank of Canada, The Royal Trust Company, Royal Trust Corporation of Canada and Royal Bank Mortgage Corporation. Royal Bank of Canada, The Royal Trust Company, Royal Trust Corporation of Canada and Royal Bank Mortgage Corporation are members of Canada Deposit Insurance Corporation (CDlC). Deposits (such as deposits in a savings account, or GICs and other term deposits) with any of these institutions are eligible for CDIC deposit insurance coverage provided they are payable in Canada. For more information, including conditions of coverage, contact CDIC directly at info@cdic.ca or 1 (800) 461‑2342.
Quebec only: If a guaranteed investment certificate is with Royal Bank Mortgage Corporation or The Royal Trust Company, it is a deposit within the meaning of the Deposit Institutions and Deposit Protection Act (Quebec).
COVID-19: Important Branch Information
For the health and safety of our employees and communities, RBC has temporarily closed a number of branches, reduced hours, and is limiting the number of clients permitted at any given time to practice physical distancing. Open branches also have Plexi Protection Screens installed.
If an in-person visit is required, please find a branch and book an appointment.
We encourage clients to bank at home if possible.