RBC Royal Bank · Chequing
$4.00 a month with 12 transactions included.
Fees and rates verified 2026-08-19Published fee scheduleWe earn nothing from any institution hereHow we research
What it costs
- Monthly fee
- $4.00
- How the waiver works
- No minimum-balance waiver published. $0 for clients 65+ (Seniors Rebate), Indigenous Peoples, and RDSP beneficiaries.
- Each transaction over the limit
- $1.25
- NSF fee
- $10.00
- Overdraft protection, monthly
- $5.00
What is included
- Transactions each month
- 12 transactions a month
- Interac e-Transfers
- Included with no separate fee
- ATM network
- RBC, Interac, PLUS
- ATM outside the network
- $2.00
Who can open it
- Senior discount
- $4.00 a month
Current offer
- Welcome bonus
- $150
- What it requires
- Online-only offer: $150 cash plus a 12-month monthly fee waiver; open by December 8, 2026 and complete qualifying activities by February 16, 2027; must be a Canadian resident of majority age with no prior RBC personal banking account in the specified period
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
RBC's low-fee entry chequing account: 12 debits per month but unlimited Interac e-Transfers, self-serve transfers, transit and Virtual Visa Debit on top.
Where the institution contradicts itself
Account page states '12 included debit transactions'; the Personal Deposit Accounts disclosure booklet (Aug 3, 2026) prints '125'. Recorded the conservative 12. ATM: booklet lists Interac Access Fee $2.00 ea. and PLUS Access Fee $3.00 ea.; the account page quotes '$3 each' (PLUS). Recorded $2.00 (Interac, the ordinary Canadian case).
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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.