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Unlock powerful benefits with RBC Vantage every day. Only at RBC.
Rewards, savings, and more with a student bank account.
See all your cost savings and rewards—in one place.
Keep track of the benefits you get with an eligible RBC bank account using the Vantage Snapshot in the RBC Mobile app.
Get the app that gets you.
RBC Mobile Student Editionlegal bug 4 gives you quick access to the features that students use the most.
Check your credit score for free.
Easily access your credit scorelegal bug 13 in RBC Online Bankinglegal bug 14 without impacting your credit rating.
Safely shop online.
With Virtual Visa Debitlegal bug 11, you can make secure online purchases using the money in your bank account.
Get a head start on investing.
Pay no management fees when you open an RBC Direct Investing account as a student.legal bug 15
See more of your favourite events.
Receive exclusive access and ticket discounts to see your favourite artists, sporting events and performances.
Get rewarded for the things you do every day
Now earn Avion points with a student account.legal bug 2
Get rewarded for the things you do every day
You can now earn Avion points when you enrol an eligible account in the
Value Program and use your account to make debit purchases in-store or
online.legal bug
2
Combine points with those earned with your Avion Rewards credit card and
redeem them for gift cards, to pay down your credit card balance and more!
Enjoy personalized offers from the brands you love
Simply load offers to an eligible RBC debit card.legal bug 3
Enjoy personalized offers from the brands you love
Start getting rewarded with offers from popular brands including Apple, Best Buy, Indigo, H&M, Rexall and more when you load available offers to your eligible RBC debit card.legal bug 3
Set money aside for savings with zero effort
Small amounts add up fast with NOMI Find & Save.legal bug 5
Set money aside for savings with zero effort
Available in the RBC Mobilelegal bug 12 app, NOMI Find & Savelegal bug 5 learns your spending patterns to find extra dollars it thinks you won't miss and automatically moves them to a savings account for you.
See all your cost savings and rewards—in one place.
Keep track of the benefits you get with an eligible RBC bank account using the Vantage Snapshot in the RBC Mobile app.
Get the app that gets you.
RBC Mobile Student Editionlegal bug 4 gives you quick access to the features that students use the most.
Check your credit score for free.
Easily access your credit scorelegal bug 13 in RBC Online Bankinglegal bug 14 without impacting your credit rating.
Safely shop online.
With Virtual Visa Debitlegal bug 11, you can make secure online purchases using the money in your bank account.
Get a head start on investing.
Pay no management fees when you open an RBC Direct Investing account as a student.legal bug 15
See more of your favourite events.
Receive exclusive access and ticket discounts to see your favourite artists, sporting events and performances.
Accounts for Students and Youth
Accounts for Students and Youth
RBC Advantage Banking for students
$0
monthly feelegal bug 7
Get the features you need in a bank account, minus the monthly fee.
- Unlimited debits in Canada
- FREE Interac‡ e-Transfer transactions legal bug 9, legal bug 10
- Safe online shopping with Virtual Visa Debitlegal bug 11
RBC Leo’s Young Savers Account
$0
monthly fee
Teach your kids about money and the importance of saving while they’re young.
- FREE unlimited debit transactions in Canada legal bug 8, legal bug 17
- FREE Interac‡ e-Transfer transactions legal bug 9, legal bug 10
Plus, Students Get More Than Just a Great Account
Empowering the youth of today for the jobs of tomorrow
Gain skills, meet new people, get valuable work experience and more to help prepare for the career you want.
Ways to pay for school
From RBC scholarships to student loans and more, we have the financial solutions and tools you need to help pay for your post-secondary education.
Youth mental health support
We support programs that help youth and families access the right care at the right time.
Support & Resources
How can we help you today?
Your Top Questions Answered
Your Top Questions Answered
RBC Advantage Banking for students gives you unlimited debits in Canada, free Interaclegal bug ‡ e-Transfer transactionslegal bug9,legal bug10, savings on ATM fees and other powerful benefits—plus, there’s no monthly fee if you’re a full-time student.
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.
Full-time studentslegal bug 6, including students as young as age 13, can open an RBC Advantage Banking account for studentslegal bug 7 and enjoy unlimited debits in Canada and other great benefits for no monthly fee.
When you have an RBC bank account, you can request a Virtual Visa Debit card, which you can use to make safe, online purchases using the money in your primary chequing account.legal bug 16 No credit card needed!
Send an Interac e-Transferlegal bug 4,legal bug 5 without ever needing to log in to the RBC Mobilelegal bug 1,legal bug 3 app! Simply enable Siri in the app and you'll be able to quickly and easily send money.
Yes, a grandparent can open an RBC bank account for a grandchild. To do so, you’ll need to visit a branch. Explore youth and student banking options.
At RBC, we have bank account options for every age:
- For kids age 0-12, check out the Leo Young Saver’s Account.
- For full-time students age 13+ (14+ in Quebec), check out RBC Advantage Banking for students. You can apply to open this account in the RBC Mobilelegal bug 12 app, or online if you’re age 18+ as long as you have a valid passport or driver’s licence.
- If you’re under age 13 or opening an account for someone else (such as your child or grandchild), you’ll need to visit a branch.
RBC Leo’s Young Savers Account is a beginner’s bank account for children age 0-12. It can help them learn about money and you can set up automatic money transfers so you never miss another allowance payment. The account includes free unlimited debits, free Interaclegal bug ‡ e-Transfer transactions legal bug9,legal bug10 and other benefits. Plus, there’s no monthly fee and no minimum balance required.
Your credit score is a number that indicates your ability to borrow and repay money. A high credit score can help you qualify for loans, credit cards and/or higher credit limits when you apply for them. Learn more about how students can build a good credit score.
Going away to school or thinking of staying local? There are several factors that can impact how much a college, university or other post-secondary education might cost you. Use the RBC Student Budget Calculator to get an estimate of how much money you might need.
A great place to begin is to understand the benefits of a Tax-Free Savings Account (TFSA) and a Registered Retirement Savings Plan (RRSP). These are popular investment accounts that give you the opportunity to grow your money faster than you could in a traditional savings account. Check out these 4 things to know about TFSAs and RRSPs.
Yes, you can. To open an RBC bank account for your child, you’ll need to visit a branch. Explore youth and student banking options.
This offer is available to any Eligible Student Client without a Personal Banking Account with Royal Bank of Canada at the beginning of the Promotional Period or in the three-year period before the start of the Promotional Period, and who otherwise comply with the Terms of the offer. The Promotional Offer is $100 Bonus Amount deposited in your Eligible Personal Banking Account and a $100 Charitable Bonus donated by RBC to one of five RBC-approved charities as selected by you, if you have fulfilled all Qualifying Criteria and conditions of the Promotional Offer. To qualify for the Promotional Offer you must open your first new Eligible Personal Banking Account by 9:00 PM EST on January 31, 2025 and complete one of the following Qualifying Criteria by 9:00 PM EST on March 31, 2025 using your Eligible Personal Banking Account:
NOTE: You must be at least 14 years of age to obtain an RBC Virtual Visa Debit card. As such, option iii. (above) is only available to individuals who meet this minimum age requirement; if you are below the age of 14 and participate in this Promotional Offer, you must select one of the other eligible transaction types described.
The $100 cash component of the Promotional Offer will be deposited into your Eligible Personal Banking Account within 2 to 8 weeks of completing the Qualifying Criteria, if applicable. Royal Bank of Canada may follow up with Eligible Student Clients to remind them to complete the Qualifying Criteria.
To claim the charitable bonus offer:
Beginning December 3, 2024, 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 for the Charitable Bonus portion of the Promotional Offer. This message will be sent at any time up to seven (7) business days after all Qualifying Criteria have been completed. The message will contain a link that will permit you to visit a webpage where you will be able to select a charitable cause of your choice from among the options presented thereon. After you have made your selection, RBC will donate the Charitable Bonus amount to an RBC-approved charity that supports the charitable cause you selected. In order to have your Charitable Bonus allocated accordingly, you must make your selection by April 30, 2025.
This offer may not be combined or used in conjunction with any other Personal Banking Account offers. Royal Bank of Canada reserves the right to withdraw this offer at any time without notice, even after acceptance by you. For full details including defined terms visit rbc.com/getgiveofferterms (opens in new window).
Choose from one of five RBC pre-approved charities. The eligible charities are: Canadian Mental Health Association (CMHA); Black Health Alliance; Tree Canada; Windmill Microlending; and Junior Achievement. RBC will donate $100 (up to a maximum aggregate of $500,000 CAD across all charities) to one of the eligible charities once you complete all of the offer criteria. Offer ends January 31, 2025 and you must complete the Qualifying Criteria by March 31, 2025. In order to have your Charitable Bonus allocated accordingly, you must make your selection by 9:00 PM Eastern Time on April 30, 2025.
For full details including defined terms visit rbc.com/getgiveofferterms (opens in new window).
The Offers program is available to clients with an RBC Royal Bank (i) debit card tied to a personal or business chequing account, and/or (ii) personal or business credit card, other than an RBC Commercial Visa or RBC US Dollar Visa card.
Eligibility criteria for an offer: (a) is determined by RBC, (b) may vary depending on the offer, and (c) may be based on the client’s preferences and account status. Eligible clients will refer to the terms and conditions applicable to each specific offer for more details.
RBC Mobile is operated by Royal Bank of Canada, RBC Direct Investing Inc. and RBC Dominion Securities Inc. RBC Mobile Student Edition is intended for clients under the age of 22. RBC Online Banking is operated by Royal Bank of Canada.