Get your business payments the next day, every day, start by

Get Your Money the Next Day, Every Day

Tired of waiting for funds from debit and credit card payments to reach your business bank account? Get your money from Moneris^‡ transactions the very next day¹, 365 days a year at no extra cost. With RBC and Moneris.

Get Started

Enjoy Faster Access to Your Cash

Giving your customers the option to pay by debit or credit card is essential to doing business today. But you don’t want to wait for this cash to reach your account and flow back into your business. With Moneris, you can accept debit and credit card payments and get fast access to your cash – whether you do business online, on-the-go or in-store.

Access funds by the next day¹ – 7 days a week, 365 days a year, at no extra cost

Setup is fast, easy and secure

Get 24/7 access to advice and support

How to Get Started

It all starts with an RBC business bank account. Apply online and in less than 15 minutes⁹ you can get your business bank account number.

You may need to stop by a branch to quickly verify your identity and activate your account.

Set up debit and credit card payment processing with Moneris payment solutions, and get paid faster. Discover how to get started with Moneris once your business account is open.

Add Moneris payment processing to any RBC business account. Here are two of our most popular options.

RBC Digital Choice Business Account Package

Best for: Digital Banking

Save time and money if you do most of your banking online.

$6.00/month²

Sign Me Up (RBC Digital Choice Business Account Package)

Features

Unlimited electronic debit and credit transactions³
Unlimited electronic cheque deposits⁴
10 FREE outgoing Interac e-Transfer^‡ transactions⁵
Unlimited Moneris^‡ deposits for credit card and debit card transactions
No minimum balance required

RBC Flex Choice Business Account Package

Best for: Digital + In-Branch Banking

Shift freely between branch and digital channels with savings built in to match your way of banking.

$7.00/month²

Sign Me Up (RBC Flex Choice Business Account Package)

Features

Save 40% on transactions made through RBC Online Banking, the RBC Mobile app⁶ and RBC ATMs⁷ versus paper transactions
Save on cash deposits at the RBC ATM⁷ and through the Night and Day Deposit⁸ Service
Only pay for what you use — no minimum or maximum transaction limits
Unlimited Moneris^‡ deposits for credit card and debit card transactions
No minimum balance required

You can also open an account over the phone without coming into the branch.

Call 1-866-822-6404

Frequently Asked Questions

Who is Moneris?

Moneris is a proud Canadian joint venture created by RBC and BMO and one of North America’s largest providers of payment processing solutions. They offer credit, debit, wireless and online payment services for merchants in virtually every industry segment and processes more than three billion transactions, annually. Moneris is also Canada’s leader in payments supporting more than 325,000 merchant locations across Canada¹⁰.

How do I order a Moneris payment solution for my business?

Once you open your RBC account, you can order a Moneris^® Go or Moneris^® Go Plus point-of-sale (POS) terminal directly through the Moneris website by filling out an application. If you’re looking for an online payment solution, or a custom solution, you can fill out a contact form on the Moneris website, or call 1 (855) 489-0016, and a Moneris solutions expert will assist you.

What services does Moneris provide?

Moneris provides businesses with all the tools that make it easier to process transactions, now and in the future. Whether you’re in-store, online, or on-the-go, Moneris has you covered with a full suite of unified payment solutions, 24/7 support, and on-site field services.

Where can I see my funds after a customer makes a payment?

Your Moneris account is linked to your RBC account, so any payments you receive through Moneris will be in your RBC account the very next day. You can access your funds seven days a week, 365 days a year.

Help Me Choose the Right Account

Answer a few short questions and we’ll recommend the right account to match your business needs. Choose one answer for each question

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^®/™

Trademark(s) of Royal Bank of Canada.

^‡

MONERIS and Moneris & Design are registered trademarks of Moneris Solutions Corporation

There may be certain events, circumstances or incidents outside our control that disrupt the service or otherwise delay deposits. Funds availability is subject to client agreements.

Standard fees and charges apply for services and transactions exceeding the number included in the account package.

Includes electronic (digital) debit and credit transactions to the account, such as online bill payments, pre-authorized payments (PAPs) and point of sale (POS) transactions. Standard fees apply for other services, including cheques and cash deposited at RBC ATMs, Pay Employees & Vendors (PEV), Interac e-Transfer transactions and wire transfers not expressly included in the package when completed online. For full list of fees not included with the account review the RBC Digital Choice Business Account Package page.

⁴

Includes cheques deposited through the RBC Mobile App, RBC ATM and ChequePro.

⁵

Only includes outgoing Interac e-Transfer transactions sent on the RBC Online Banking for business platform. Excludes all other Interac e-Transfer services such as Autodeposit, Request Money, Request Money Fulfillment and Bulk Interac e-Transfer service.

⁶

RBC Mobile is offered by Royal Bank of Canada, RBC Direct Investing Inc. and RBC Dominion Securities Inc.

⁷

Savings accrue from lower standard processing fees charged on electronic (digital) debit and credit transactions (vs. paper) such as online bill payments, pre-authorized payments (PAPs) and point of sale (POS) transactions. Standard account fee per electronic credit and debit transaction is $0.75 versus $1.25 per paper transaction. Fees and charges may vary based on location. Standard fees apply for other services, including cheques and cash deposited at RBC ATMs, Pay Employees & Vendors (PEV), Interac e-Transfer transactions and wire transfers not expressly included in the package when completed online.

⁸

The Night and Day Deposit service may not be available in all areas. Fees and charges may vary based on location. Other fees and charges may apply.

⁹

In order to get a business bank account and account number online, the business must be a sole proprietorship or a single-owner corporation, in each case, with only one authorized signatory. The business must be registered in Canada or a business operated in Canada by a natural person who is a permanent resident of Canada. Additionally, the authorized signatory completing the online application on behalf of the business must successfully complete the personal identification portion of the application, including, without limitation, a credit bureau report to the satisfaction of Royal Bank of Canada. Multi-owner businesses or businesses that have more than one authorized signatory will be directed to the branch to get a business bank account and account number. Issuance of an account number does not guarantee that the account is operational. RBC may restrain the use of the account and require the business client to visit a branch to satisfy any outstanding requirements prior to operating the account. RBC reserves the right, in its sole discretion, to require that the business client visit a branch to complete the application. A business client that successfully completes the online application will still need to visit a branch to obtain a business client card and sign additional documentation, even if a bank account number has been issued. Actual completion time may vary from person to person and may be affected by a variety of external factors, including internet navigation speed and other interruptions. RBC does not accept any responsibility for any damage or loss that any parties might suffer resulting from any deviations from time indicated.

¹⁰

Moneris data, 2018, based on the number of credit and debit card transactions being processed by Moneris merchants.