RBC Chequing Accounts and Fees: Day to Day, Advantage, Signature No Limit and VIP Banking

RBC Royal Bank’s personal chequing lineup runs from RBC Day to Day Banking, which RBC calls “The Essentials”, through RBC Advantage Banking and RBC Signature No Limit Banking to RBC VIP Banking, its all-inclusive package, with the RBC U.S. Personal Account and an account for children, RBC Leo’s Young Savers Account, alongside. The table below gives each account’s monthly fee and what lowers it, its transactions and its Interac e-Transfer terms, from RBC’s fee booklet dated August 3, 2026. RBC’s NSF, overdraft, ATM and other charges are in the fees section, with the booklet itself linked for the rest.

RBC chequing accounts and monthly fees

Each row gives the monthly fee with the conditions RBC prints beside it.

Sources: RBC's chequing accounts page; Personal Deposit Accounts Disclosures and Agreements, August 3, 2026 (PDF).

Fees as of August 3, 2026. Checked against RBC's pages on October 20, 2026.

On RBC Day to Day Banking, Interac e-Transfers, self-serve transfers, public transit and virtual debit card purchases are counted apart from the included debit transactions. RBC offers Day to Day Banking as part of its low-cost and no-cost account commitment; what that commitment covers is on no-fee chequing accounts.

When does RBC waive the monthly fee?

RBC says there is no minimum balance requirement for its chequing accounts; it lowers the monthly fee through rebates instead, such as the Value Program, which applies when the account is enrolled, its owner holds two or more other eligible RBC product categories and at least one account activity, such as a direct deposit, happens each month. Clients from the age RBC sets may qualify for a Seniors Rebate, which applies automatically; Advantage Banking’s fee is waived for clients up to an age RBC names and for full-time students, and newcomers may be eligible to have it waived for their first year in Canada; Indigenous Peoples and RDSP beneficiaries may be eligible to have Day to Day Banking’s fee waived, with proof shown in person at an RBC branch. Only one monthly fee rebate per account owner applies, and where several could, RBC applies the one with the greatest discount. The amounts are in the Monthly fee column above and in each account’s expander below, which also gives its optional overdraft protection terms.

RBC accounts for students, children, seniors and newcomers

• Students: RBC Advantage Banking for students, waiver in the Advantage expander; student accounts across banks: student bank accounts.
• Children: RBC Leo’s Young Savers Account has its own row; children’s accounts across banks: kids’ bank accounts.
• Seniors: the Seniors Rebate, in each package’s expander; across banks: bank accounts for seniors.
• Newcomers: the Advantage Banking newcomer waiver, in the same expander; across banks: bank accounts for newcomers.

RBC fees: NSF, overdraft, ATM and other charges

The table gives RBC’s returned-item (NSF), overdraft, e-Transfer, ATM and other service charges, each with its source, and RBC’s full booklet is linked under it.

RBC's fee document: Personal Deposit Accounts Disclosures and Agreements, August 3, 2026 (PDF).

Fees as of August 3, 2026. Checked against RBC's pages between October 19, 2026 and October 20, 2026.

• Overdraft protection, which RBC describes as an optional feature added to an account, and how it works at other banks: overdraft protection.
• What happens when a cheque or payment bounces: NSF fees and bad cheques.
• The same charges at other banks: bank fees compared.
• RBC’s wire fees: wire transfers. RBC International Money Transfer, its service for sending money abroad: international money transfers.
• Bank drafts and certified cheques: drafts and certified cheques.
• RBC’s sending and cash limits: e-Transfer limits and ATM withdrawal limits.

RBC savings and US-dollar accounts

RBC’s high-interest savings account, RBC High Interest eSavings, pays a regular rate of 0.55% (one rate on every dollar); its row in the high-interest savings table adds any promotional rate and the date it was checked. RBC’s U.S. Personal Chequing Account and U.S. High Interest eSavings are on US-dollar accounts, and the account at RBC Bank (Georgia), a subsidiary of Royal Bank of Canada, is under cross-border banking.

Opening an account and comparing banks

• RBC’s transit and institution numbers, void cheques and phone line: RBC routing numbers.
• Several banks’ chequing accounts side by side: comparing big-bank chequing accounts; accounts with no monthly fee: no-fee chequing accounts.
• Opening an account, and moving one: opening a bank account and switching banks.
• RBC’s chequing page carries sign-up offers; how such offers work is on bank account promotions.
• Accounts for a company or sole proprietor: business bank accounts.
• RBC’s cards and brokerage: RBC credit cards and the RBC Direct Investing review.
• Other banks’ lineups: TD, BMO, CIBC, Scotiabank and Manulife Bank.