For Small Businesses with Just One Online Banking User
If you’re a sole proprietor or the only one managing your business banking, RBC Online Banking1 for Business can help. It’s best suited for businesses that need domestic currencies and standard payment solutions.
Note: Fees apply for certain services.
Table Heading | RBC Online Banking for Business | RBC Express Banking (and Connected Platforms) |
---|---|---|
Maximum Number of Users | 1 | Unlimited |
Manage Banking for More Than One Entity | ||
Access Your Company’s Banking 24/7 | ||
Bank on the Go with a Mobile app | ||
View and Manage Accounts in Canadian and U.S. Currencies | ||
Access Information on Operating Accounts Located Outside of Canada, in Local or International Currencies | ||
Make and Receive Payments in Local and International Currencies | ||
Manage Foreign Exchange | ||
Bill Payments and Account Transfers | ||
Direct Deposits for Employees, Vendors and Suppliers | ||
Send Domestic and International Wire Payments | ||
Tax Payments and Filing | ||
ACH Payments (Electronic Funds Transfer) | ||
Bulk Payment Files (manual upload or host-to-host) | ||
Interac e-Transfer for Business | Up to $2,000 | Up to $25,000 (via RBC PayEdge) |
Email/SMS Money Transfers | ||
Interac e-Transfer Autodeposit | ||
Deposit Cheques from Anywhere | ||
Multiple Cheque Deposit | ||
High Volume Paper Cheque Management Service - Lockbox Receivables Service | ||
Cheque Fraud Prevention Tools | ||
Collect Membership Fees or Recurring Payments | ||
Reconcile Payments and Accounts Receivables | ||
Balance Reporting | ||
Chargeback Reporting | ||
Incoming Wires Reporting | ||
Fee Details (for Reporting and Monitoring) | Not applicable | Monthly Fees Starting at $03 |
Manage Business GICs | ||
Manage Your Credit Online | ||
View Loan Balances | ||
Access to other connected RBC platforms that are purpose-built to support more complex banking needs, such as:
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Review your accounts, pay bills, transfer funds and file government remittances all in one place.
Bank with RBC Online Banking for Business
- View and track expenses and payments
- Set up recurring payments to employees or vendors, or make a one-time Interac e-Transfer transaction
- Access current and past business transaction information, including up to 7 years of transaction history
- Make international wire payments in over 30 currencies
- Review and submit your business taxes through Online Tax Filing
- View Canadian and U.S. business banking accounts on one page
- Reconcile payments and accounts receivables through Pay & Sync
Toggle between business and personal RBC accounts, deposit cheques and more from your Android or Apple device.
Bank with the RBC Mobile1 app
- View account balances and transaction details for bank accounts, credit cards and loans
- Pay bills, transfer money between accounts, and send Interac e-Transfer payments to vendors and suppliers
- Deposit cheques from anywhere through Mobile Cheque Deposit
- Remind clients about outstanding invoices and receive real-time notifications with the Request Money feature
- Lock a misplaced client card or credit card directly from your phone
- Get timely trends, alerts and overviews of your cash flow using NOMI
Get the RBC Mobile app today:
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Our dedicated specialists will work with you to provide the financial advice and solutions that best suit your business.
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