RBC Royal Bank · Chequing
$12.95 a month with unlimited transactions.
Fees and rates verified 2026-08-19Published fee scheduleWe earn nothing from any institution hereHow we research
What it costs
- Monthly fee
- $12.95
- How the waiver works
- No minimum-balance waiver published. $0 for students and anyone 24 and under; $0 for eligible newcomers for the first year; $8.95 for clients 65+ (Seniors Rebate). Can fall to $0 via the RBC Value Program rebate.
- NSF fee
- $10.00
- Overdraft protection, monthly
- $5.00
What is included
- Transactions each month
- Unlimited transactions
- Interac e-Transfers
- Included with no separate fee
- ATM network
- RBC, Interac, PLUS
- ATM outside the network
- $2.00
Who can open it
- Free for youth
- Yes
- Free for students
- Yes
- Senior discount
- $4.00 a month
- Free months for newcomers
- 12
Deposit protection
- Insured by
- CDIC
Where these figures come from
- Figures checked on
- August 19, 2026
- Source page
- www.rbcroyalbank.com
- Fees and terms
- Published fee schedule
Notes
Unlimited Canadian debit transactions with no minimum balance, and free for students, under-25s and first-year newcomers.
Where the institution contradicts itself
The account page advertises '$0 in ATM fees, pay no RBC fee to use another bank's ATM in Canada', but the Personal Deposit Accounts disclosure booklet lists an Interac Access Fee of $2.00 ea. and PLUS Access Fee of $3.00 ea. for this account with no waiver footnote. Recorded the conservative $2.00.
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Where this came from. Every figure on this page is taken from the institution’s own page or its published fee schedule, never from another comparison site, and a field is left blank rather than guessed at. Rates and fees change without notice, so confirm with the institution before opening anything. We receive no payment from any institution listed here.