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Your Re-Designed Monthly Statement Has Been Renamed to Monthly Business Fees Statement

Here’s what’s new

New Fee Summary Section

The first page of the new statement contains a fee summary section. It provides you with a snapshot of the total fees charged to your business deposit account in a given month.

Fees are grouped by category

The new “Fees by Category” section includes the following: Current Account, Receivable Solutions, Payable Solutions and Other Value Added Services. The fee summary section provides you with the totals for each category. The breakdown of the applicable charges by products or services are grouped under these categories starting on page two.

fees summary

New Statement Options Available

You can access your electronic statements (eStatements) and eliminate the delivery of paper statements

Here are some of the benefits of eStatements:

  • Access your statement history for up to 7 years anytime, anywhere1
  • Statement data available to be exported as a CSV file and PDF file format
  • Reduce paper clutter and environmental waste by turning off paper statement delivery
  • Read back accessibility capabilities are available

To Turn Off Your Paper Statements

Follow these steps:

For Online Banking for Business

  • Sign in (opens new window) to RBC Online Banking for Business
  • Click on “Go to your loan documents, investment confirmations, maturity notices and fee statements”
  • Select the title “Fee Statements”
  • To switch your statements to electronic statements, select ‘electronic’

For Premium Online Banking (RBC Express)

Please contact your Commercial Service Advisor team or your Account Manager

Click here (PDF) to see sample of the new statement

Statement history archive will cover up to a 7 year period beginning as of the launch of the new statement format and will be available via Online Banking for Business and RBC Express.