The Right Account for Your Business
Our comprehensive suite of business accounts is designed to meet the needs of various business segments.
Whether you're just starting out or already running a successful business, having the right business account can make banking easier and more cost-effective to manage your business transaction needs.
- RBC Day to Day Business Account
- RBC Business Essentials
- RBC Business Essentials Plus
- RBC Business Essentials Advanced
- Term Deposits
- RBC Day to Day Business Account
- RBC Business Savings Account
- RBC E-Business Account
- RBC Business Essentials
- RBC Business Essentials Plus
- RBC Business Essentials Advanced
- Certificates of Deposit
- International Business Corporation
RBC Day to Day Business Account
This account can easily meet the unique needs of start-up and growing businesses that typically have a variable number of monthly transactions.
Features & Benefits
- No initial deposit or minimum balance requirement
- A Monthly Fee will apply*
- 20 Free non-branch credits per month and 'pay as you go' for additional transactions*
- Pay lower fees when draft and cash deposits are made via our Non-Stop Depository Service*
- Pay lower fees when draft and cash deposits are made via our Non-Stop Depository Service*
- Pay lower fees when draft and cash deposits are made via our Non-Stop Depository Service*
- Pay lower fees when draft and cash deposits are made via our Non-Stop Depository Service*
- Pay lower fees when draft and cash deposits are made via our Non-Stop Depository Service*
- Free RBC Debit Card for deposits, transfers and cash withdrawals at RBC ATMs and purchases at local merchants plus access to International ATMs and Merchants.
- Free Access to RBC Digital Banking
- As your business grows and transaction volumes become more predictable, you can easily upgrade to one of our monthly fixed fee plans.
- Overdraft facility available subject to normal lending criteria
- Overdraft facility available subject to normal lending criteria
- Overdraft facility available subject to normal lending criteria
- Overdraft facility available subject to normal lending criteria
- Overdraft facility available subject to normal lending criteria
*Refer to the Schedule of Fees and Charges for additional details
*Refer to the Schedule of Fees and Charges for additional details
*Refer to the Schedule of Fees and Charges for additional details
*Refer to the Schedule of Fees and Charges for additional details
*Refer to the Schedule of Fees and Charges for additional details
**Applicable for Sole Traders and Simple partnerships where there are no more than two (2) partners and the signing authority on the account is any one (1) to sign.
Features & Benefits
- Monthly fees apply and additional transactions are 'pay as you go'
- Minimum balance to open consists of 500 units of the respective currency
- Business Chequing Services
- Save even more when you bank electronically
- Pay lower fees when cash and cheque deposits are made via safe and convenient non-branch channels e.g. night and day depository services
- Access to our Digital Banking Solutions
- Sole Traders and Simple partnerships where there are no more than two (2) partners and the signing authority on the account is any one (1) to sign, can also enjoy convenient access to ATM and Point-of-Sale transactions wherever the VISA or PLUS logos are displayed.
- If your transaction volumes become more predictable, you can easily switch to one of our fixed fee plans.
Features & Benefits
- A monthly fee is applicable and additional transactions are 'pay as you go'
- No minimum balanace required
- Business Chequing Services
- Save even more when you bank electronically
- Pay lower fees when cash and cheque deposits are made via safe and convenient non-branch channels e.g. night and day depository services
- Access to our Digital Banking Solutions
- Sole Traders and Simple partnerships where there are no more than two (2) partners and the signing authority on the account is any one (1) to sign, can also enjoy convenient access to ATM and Point-of-Sale transactions wherever the VISA or PLUS logos are displayed.
- If your transaction volumes become more predictable, you can easily switch to one of our fixed fee plans.
Features & Benefits
- Monthly fees apply and additional transactions are ‘pay as you go’
- Minimum amount to open account: $1000
- Business Chequing Services
- Save even more when you bank electronically
- Access to Digital Banking (Online & Mobile Banking)
- Free monthly eStatements
- Businesses that are Sole Traders and Simple partnerships where there are no more than two (2) partners and the signing authority on the account is any one (1) to sign, are offered convenient access to Tellerphone Banking, along with the RBC Royal Bank Visa Debit card
- Access to RBC ATMs and other ATMs & POS merchants wherever the LINX, Visa or PLUS symbols are displayed
- If your transaction volumes become more predictable, you can easily switch to one of our Fixed Fee Plans.
Features & Benefits
- Monthly fees apply and additional transactions are 'pay as you go'
- Minimum balance to open consists of 500 units of the respective currency
- Business Chequing Services
- Save even more when you bank electronically
- Pay lower fees when cash and cheque deposits are made via safe and convenient non-branch channels e.g. night and day depository services
- Access to our Digital Banking Solutions
- Sole Traders and Simple partnerships where there are no more than two (2) partners and the signing authority on the account is any one (1) to sign, can also enjoy convenient access to ATM and Point-of-Sale transactions wherever the VISA or PLUS logos are displayed.
- If your transaction volumes become more predictable, you can easily switch to one of our fixed fee plans.
RBC Business Savings Account
This account is designed for business owners who wish to operate a separate business account to accumulate savings.
This basic business savings account is ideal for business clients who prefer to separate their current/banking account from their business savings. It can easily meet your business needs from month to month. It is suited to small businesses, start-ups and sole traders.
Features & Benefits
- Monthly fees apply
- Minimum balance to open consists of 500 units of the respective currency
- Pay fees only when withdrawals are made. All deposit transactions are free.
- Access to our Digital Banking Solutions
- Sole Traders and Simple partnerships where there are no more than two (2) partners and the signing authority on the account is any one (1) to sign, can also enjoy convenient access to ATM and Point-of-Sale transactions wherever the VISA or PLUS logos are displayed.
- A monthly fee is applicable and additional transactions are 'pay as you go'
- No minimum balance required
- Pay fees only when withdrawals are made. All deposit transactions are free.
- Access to our Digital Banking Solutions
- Sole Traders and Simple partnerships where there are no more than two (2) partners and the signing authority on the account is any one (1) to sign, can also enjoy convenient access to ATM and Point-of-Sale transactions wherever the VISA or PLUS logos are displayed.
RBC E-Business
This is a cost-effective account if you prefer to use self-serve, electronic channels for your daily business banking.
Features & Benefits
- No monthly fee!
- Unlimited free e-debit transactions for bill payments and account transfers-same name within RBC via Digital Banking (Online & Mobile Banking).
- Save time and money by managing your business finances using self-serve electronic channels.
- Minimum amount to open account: $500. Keep your money working for you and your business.
- While this account is designed for electronic use, you can retain Business Chequing Services. Special e-business account fees apply for in-branch customer-generated transactions and cheques on this account.
- Access to Digital Banking (Online & Mobile Banking)
- Free monthly eStatements
- Businesses that are Sole Traders and Simple partnerships, where there are no more than two (2) partners and the signing authority on the account is any one (1) to sign, are offered convenient access with the RBC Royal Bank Visa Debit card
- Access to RBC ATMs and other banks' ATMs as well as POS merchants
Features & Benefits
- No monthly fee!
- Unlimited free e-debit transactions for bill payments and account transfers-same name within RBC via Digital Banking (Online & Mobile Banking).
- Save time and money by managing your business finances using self-serve electronic channels.
- Minimum amount to open account: $500. Keep your money working for you and your business.
- While this account is designed for electronic use, you can retain Business Chequing Services. Special e-business account fees apply for in-branch customer-generated transactions and cheques on this account.
- Access to Digital Banking (Online & Mobile Banking)
- Free monthly eStatements
- Businesses that are Sole Traders and Simple partnerships, where there are no more than two (2) partners and the signing authority on the account is any one (1) to sign, are offered convenient access with the RBC Royal Bank Visa Debit card
- Access to RBC ATMs and other banks' ATMs as well as POS merchants
Features & Benefits
- No monthly fee!
- Unlimited free e-debit transactions for bill payments and account transfers-same name within RBC via Digital Banking (Online & Mobile Banking), Tellerphone or ATM.
- Save time and money by managing your business finances using self-serve electronic channels.
- Minimum amount to open account: $500. Keep your money working for you and your business.
- While this account is designed for electronic use, you can retain Business Chequing Services. Special e-business account fees apply for in-branch customer-generated transactions and cheques on this account.
- Access to Digital Banking (Online & Mobile Banking)
- Free monthly eStatements
- Businesses that are Sole Traders and Simple partnerships where there are no more than two (2) partners and the signing authority on the account is any one (1) to sign, are offered convenient access to Tellerphone Banking, along with the RBC Royal Bank Visa Debit card
- Access to RBC ATMs and other ATMs & POS merchants wherever the LINX, Visa or PLUS symbols are displayed
Features & Benefits
- No monthly fee!
- Unlimited free e-debit transactions for bill payments and account transfers-same name within RBC via Digital Banking (Online & Mobile Banking).
- Save time and money by managing your business finances using self-serve electronic channels.
- Minimum amount to open account: $500. Keep your money working for you and your business.
- While this account is designed for electronic use, you can retain Business Chequing Services. Special e-business account fees apply for in-branch customer-generated transactions and cheques on this account.
- Access to Digital Banking (Online & Mobile Banking)
- Free monthly eStatements
- Businesses that are Sole Traders and Simple partnerships, where there are no more than two (2) partners and the signing authority on the account is any one (1) to sign, are offered convenient access with the RBC Royal Bank Visa Debit card
- Access to RBC ATMs and other banks' ATMs as well as POS merchants
RBC Business Essentials
An economical package which is specially designed for small businesses and micro-enterprises with low monthly transactions, which remain consistent.
Features & Benefits
- No initial deposit or minimum balance requirement
- A Monthly Fee will apply*
- 20 Free non-branch credits plus 5 Free in-branch transactions per month and 'pay as you go' for additional transactions*
- Pay lower fees when draft and cash deposits are made via our Non-Stop Depository Service*
- Pay lower fees when draft and cash deposits are made via our Non-Stop Depository Service*
- Pay lower fees when draft and cash deposits are made via our Non-Stop Depository Service*
- Pay lower fees when draft and cash deposits are made via our Non-Stop Depository Service*
- Pay lower fees when draft and cash deposits are made via our Non-Stop Depository Service*
- Take Your Business to the next level with our secure and innovative Merchant Services
- Free RBC Debit Card for deposits, transfers and cash withdrawals at RBC ATMs and purchases at local merchants plus access to International ATMs and Merchants**.
- Free Access to RBC Digital Banking
- As your business grows, it's easy to change to the Business Essentials-Plus or Advanced plans.
- Overdraft facility available subject to normal lending criteria
- Overdraft facility available subject to normal lending criteria
- Overdraft facility available subject to normal lending criteria
- Overdraft facility available subject to normal lending criteria
- Overdraft facility available subject to normal lending criteria
*Refer to the Schedule of Fees and Charges for additional details
*Refer to the Schedule of Fees and Charges for additional details
*Refer to the Schedule of Fees and Charges for additional details
*Refer to the Schedule of Fees and Charges for additional details
*Refer to the Schedule of Fees and Charges for additional details
**Applicable for Sole Traders and Simple partnerships where there are no more than two (2) partners and the signing authority on the account is any one (1) to sign.
Features & Benefits
- Lowest monthly package fee
- Package includes up to 5 FREE transactions (in-branch customer generated debit or credit transactions and cheques; non-branch credits for cash and cheque deposits; electronic debits)
- Minimum balance to open consists of 500 units of the respective currency
- Business Chequing Services
- Save even more when you bank electronically
- Pay lower fees when cash and cheque deposits are made via safe and convenient non-branch channels e.g. night and day depository services.
- Access to our Digital Banking Solutions
- Sole Traders and Simple partnerships where there are no more than two (2) partners and the signing authority on the account is any one (1) to sign, can also enjoy convenient access to ATM and Point-of-Sale transactions wherever the VISA or PLUS logos are displayed.
- As your business grows, it's easy to change to the Business Essentials-Plus or Advanced plans with higher transaction limits.
Features & Benefits
- Lowest priced package
- Package includes up to 5 FREE transactions (in-branch customer generated debit or credit transactions and cheques; non-branch credits for cash and cheque deposits)
- No minimum balance required
- Business Chequing Services
- Save even more when you bank electronically
- Pay lower fees when cash and cheque deposits are made via safe and convenient non-branch channels e.g. night and day depository services.
- Access to our Digital Banking Solutions
- Sole Traders and Simple partnerships where there are no more than two (2) partners and the signing authority on the account is any one (1) to sign, can also enjoy convenient access to ATM and Point-of-Sale transactions wherever the VISA or PLUS logos are displayed.
- As your business grows, it's easy to change to the Business Essentials-Plus or Advanced plans with higher transaction limits.
Features & Benefits
- Lowest monthly package fee
- Package includes up to 5 FREE transactions (in-branch customer-generated debit transactions and cheque debits; credits for cash and cheque deposits; electronic debits)
- Minimum amount to open account: $2000
- Business Chequing Services
- Save even more when you bank electronically
- Access to Digital Banking (Online & Mobile Banking)
- Free monthly eStatements
- Businesses that are Sole Traders and Simple partnerships where there are no more than two (2) partners and the signing authority on the account is any one (1) to sign, are offered convenient access to Tellerphone Banking, along with the RBC Royal Bank Visa Debit card
- Access to RBC ATMs and other ATMs & POS merchants wherever the LINX, Visa or PLUS symbols are displayed
- As your business grows, it's easy to change to the Business Essentials-Plus or Advanced plans with higher transaction limits.
Features & Benefits
- Lowest monthly package fee
- Package includes up to 5 FREE transactions (in-branch customer generated debit or credit transactions and cheques; non-branch credits for cash and cheque deposits; electronic debits)
- Minimum balance to open consists of 500 units of the respective currency
- Business Chequing Services
- Save even more when you bank electronically
- Pay lower fees when cash and cheque deposits are made via safe and convenient non-branch channels e.g. night and day depository services.
- Access to our Digital Banking Solutions
- Sole Traders and Simple partnerships where there are no more than two (2) partners and the signing authority on the account is any one (1) to sign, can also enjoy convenient access to ATM and Point-of-Sale transactions wherever the VISA or PLUS logos are displayed.
- As your business grows, it's easy to change to the Business Essentials-Plus or Advanced plans with higher transaction limits.
RBC Business Essentials Plus
An ideal package for growing and medium-sized companies with predictable monthly transactions, which remain consistent.
Features & Benefits
- No Initial deposit or Minimum Balance requirement
- A Monthly Fee will apply*
- 25 Free non-branch or in-branch transactions per month and 'pay as you go' for additional transactions*
- Free Access to RBC Digital Banking
- Manage and Monitor Cash Flow with our range of Cash Management & Payment Solutions
- Take Your Business to the next level with our secure and innovative Merchant Services
- As your business grows, it's easy to change to the Business Essentials-Advanced plan.
- Overdraft facility available subject to normal lending criteria
- Overdraft facility available subject to normal lending criteria
- Overdraft facility available subject to normal lending criteria
- Overdraft facility available subject to normal lending criteria
- Overdraft facility available subject to normal lending criteria
*Refer to the Schedule of Fees and Charges for additional details
*Refer to the Schedule of Fees and Charges for additional details
*Refer to the Schedule of Fees and Charges for additional details
*Refer to the Schedule of Fees and Charges for additional details
*Refer to the Schedule of Fees and Charges for additional details
Features & Benefits
- Low monthly package fee
- Package includes up to 25 FREE transactions (in-branch customer generated debit or credit transactions and cheques; non-branch credits for cash and cheque deposits; electronic debits)
- Minimum balance to open consists of 500 units of the respective currency
- Business Chequing Services
- Save even more when you bank electronically
- Pay lower fees when cash and cheque deposits are made via safe and convenient non-branch channels e.g. night and day depository services.
- Access to our Digital Banking Solutions
- Sole Traders and Simple partnerships where there are no more than two (2) partners and the signing authority on the account is any one (1) to sign, can also enjoy convenient access to ATM and Point-of-Sale transactions wherever the VISA or PLUS logos are displayed.
- As your business grows, it's easy to change to the Business Essentials-Advanced plan with higher transaction limits.
Features & Benefits
- Competitively priced package
- Package includes up to 25 FREE transactions (in-branch customer generated debit or credit transactions and cheques; non-branch credits for cash and cheque deposits; electronic debits)
- No minimum balance required
- Business Chequing Services
- Save even more when you bank electronically
- Pay lower fees when cash and cheque deposits are made via safe and convenient non-branch channels e.g. night and day depository services.
- Access to our Digital Banking Solutions
- Sole Traders and Simple partnerships where there are no more than two (2) partners and the signing authority on the account is any one (1) to sign, can also enjoy convenient access to ATM and Point-of-Sale transactions wherever the VISA or PLUS logos are displayed.
- As your business grows, it's easy to change to the Business Essentials-Advanced plan with higher transaction limits.
Features & Benefits
- Low monthly package fee
- Package includes up to 25 FREE transactions (in-branch customer-generated debit transactions and cheque debits; credits for cash and cheque deposits; electronic debits)
- Minimum amount to open account: $5000
- Business Chequing Services
- Save even more when you bank electronically
- Access to Digital Banking (Online & Mobile Banking)
- Free monthly eStatements
- Businesses that are Sole Traders and Simple partnerships where there are no more than two (2) partners and the signing authority on the account is any one (1) to sign, are offered convenient access to Tellerphone Banking, along with the RBC Royal Bank Visa Debit card
- Access to RBC ATMs and other ATMs & POS merchants wherever the LINX, Visa or PLUS symbols are displayed
- As your business grows, it's easy to change to the Business Essentials-Advanced plan with higher transaction limits.
Features & Benefits
- Low monthly package fee
- Package includes up to 25 FREE transactions (in-branch customer generated debit or credit transactions and cheques; non-branch credits for cash and cheque deposits; electronic debits)
- Minimum balance to open consists of 500 units of the respective currency
- Business Chequing Services
- Save even more when you bank electronically
- Pay lower fees when cash and cheque deposits are made via safe and convenient non-branch channels e.g. night and day depository services.
- Access to our Digital Banking Solutions
- Sole Traders and Simple partnerships where there are no more than two (2) partners and the signing authority on the account is any one (1) to sign, can also enjoy convenient access to ATM and Point-of-Sale transactions wherever the VISA or PLUS logos are displayed.
- As your business grows, it's easy to change to the Business Essentials-Advanced plan with higher transaction limits.
RBC Business Essentials Advanced
A superior package for larger businesses and corporations with higher monthly transactions, which remain consistent.
Features & Benefits
- No Initial deposit or Minimum Balance requirement
- No Monthly Fee will apply when a minimum daily balance of USD 1,000,000 is maintained*
- No Monthly Fee will apply when a minimum daily balance of AWG/USD 1,000,000 is maintained*
- No Monthly Fee will apply when a minimum daily balance of 1,000,000 units is maintained*
- 50 Free non-branch or in-branch transactions per month and 'pay as you go' for additional transactions*
- Free Access to RBC Digital Banking
- Manage and Monitor Cash Flow with our range of Cash Management & Payment Solutions
- Take Your Business to the next level with our secure and innovative Merchant Services
- Overdraft facility available subject to normal lending criteria
*Refer to the Schedule of Fees and Charges for additional details
*Refer to the Schedule of Fees and Charges for additional details
*Refer to the Schedule of Fees and Charges for additional details
*Refer to the Schedule of Fees and Charges for additional details
*Refer to the Schedule of Fees and Charges for additional details
Features & Benefits
- Economical monthly package fee, which offers the most value for money
- No monthly fee if a minimum daily closing balance $1,000,000 is maintained for the month
- Package includes up to 50 FREE transactions (in-branch customer generated debit or credit transactions and cheques; non-branch credits for cash and cheque deposits; electronic debits)
- Minimum balance to open consists of 500 units of the respective currency
- Business Chequing Services
- Save even more when you bank electronically
- Pay lower fees when cash and cheque deposits are made via safe and convenient non-branch channels e.g. night and day depository services.
- Access to our Digital Banking Solutions
- Sole Traders and Simple partnerships where there are no more than two (2) partners and the signing authority on the account is any one (1) to sign, can also enjoy convenient access to ATM and Point-of-Sale transactions wherever the VISA or PLUS logos are displayed.
Features & Benefits
- Package includes up to 50 FREE transactions (in-branch customer generated debit or credit transactions and cheques; non-branch credits for cash and cheque deposits)
- No monthly fee if a minimum daily closing balance $1,000,000 is maintained for the month
- Most cost-effective package for large transactors
- No minimum balance required
- Business Chequing Services
- Save even more when you bank electronically
- Pay lower fees when cash and cheque deposits are made via safe and convenient non-branch channels e.g. night and day depository services.
- Access to our Digital Banking Solutions
- Sole Traders and Simple partnerships where there are no more than two (2) partners and the signing authority on the account is any one (1) to sign, can also enjoy convenient access to ATM and Point-of-Sale transactions wherever the VISA or PLUS logos are displayed.
Features & Benefits
- Economical monthly package fee, which offers the most value for money
- No monthly fee if a minimum daily closing balance $1,000,000 is maintained for the month
- Package includes up to 50 FREE transactions (in-branch customer-generated debit transactions and cheque debits; credits for cash and cheque deposits; electronic debits)
- Minimum amount to open account: $10,000
- Business Chequing Services
- Save even more when you bank electronically
- Access to Digital Banking (Online & Mobile Banking)
- Free monthly eStatements
- Businesses that are Sole Traders and Simple partnerships where there are no more than two (2) partners and the signing authority on the account is any one (1) to sign, are offered convenient access to Tellerphone Banking, along with the RBC Royal Bank Visa Debit card
- Access to RBC ATMs and other ATMs & POS merchants wherever the LINX, Visa or PLUS symbols are displayed
Features & Benefits
- Economical monthly package fee, which offers the most value for money
- No monthly fee if a minimum daily closing balance $1,000,000 is maintained for the month
- Package includes up to 50 FREE transactions (in-branch customer generated debit or credit transactions and cheques; non-branch credits for cash and cheque deposits; electronic debits)
- Minimum balance to open consists of 500 units of the respective currency
- Business Chequing Services
- Save even more when you bank electronically
- Pay lower fees when cash and cheque deposits are made via safe and convenient non-branch channels e.g. night and day depository services.
- Access to our Digital Banking Solutions
- Sole Traders and Simple partnerships where there are no more than two (2) partners and the signing authority on the account is any one (1) to sign, can also enjoy convenient access to ATM and Point-of-Sale transactions wherever the VISA or PLUS logos are displayed.
Certificates of Deposit
These interest bearing accounts are suitable for businesses interested in securely investing surplus funds for specified periods.
Also known as a fixed deposit, this type of investment of a fixed sum for a specified period, allows businesses to earn interest. CDs are available in the following currencies: BSD, USD and CAD.
Features & Benefits
- Earn competitive interest by keeping your funds secured for a specified term
- No monthly fees
- Certificate received upon opening
- Deposits can be used as collateral
- Initial investment of 1000 units of the respective currency of the account
- Minimum investment period of 30 days
- Interest is calculated on tiered balances for the specific term
- Option to roll over principal only or principal plus interest earned
Term Deposits
These interest bearing accounts are suitable for businesses interested in securely investing surplus funds for specified periods.
Features & Benefits
- Earn competitive interest by keeping your funds secured for a specified term
- No monthly fees
- Deposits can be used as collateral for credit facilities
- Initial investment of 1000 units of the respective currency of the account
- Minimum investment period of 90 days
- Interest is calculated on tiered balances for the specific term
- Option to roll over principal only or principal plus interest earned at maturity
International Business Corporation
These accounts allow businesses to transcend borders and are available in a wide range of world currencies.
Whether you are establishing holding companies, limited partnerships or sole ownership etc., RBC has the products, services and professional staff to guide you through the account opening process.
It is highly recommended that you seek local legal and/or professional advice on the regulatory approval process in your jurisdiction. The process and regulatory requirements for account opening can be very rigorous (depending upon structure and beneficial ownership).
However, for existing RBC offshore clients, the process can be accelerated via reference and support documentation provided by your existing relationship manager.
Resources
Apply Now
Reach out to your Relationship Manager directly, or contact us to discuss your business needs.
