RBC, the Royal Bank of Canada, offers business chequing accounts for Canadian businesses. Packages range from a low cost digital account to fuller packages where the monthly fee can be waived by keeping a minimum balance. RBC is one of Canada's largest banks.
- Who it suits
- Canadian businesses that want a major bank with branches, a range of account packages and the option to bundle savings, lending and cross border services
- Broadly available in
- Canada
- Headline monthly fee
- The Digital Choice Business Account is about 6 Canadian dollars per month. Other packages vary and some waive the fee with a minimum balance. As of 8 June 2026
- Account type
- Business chequing account
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Overview
RBC, the Royal Bank of Canada, is one of the country's largest banks and offers several business chequing packages. Options range from the Digital Choice Business Account, aimed at businesses that bank electronically, to packages that include more transactions and can waive the monthly fee with a qualifying balance. RBC also offers business savings accounts, lending and cross border banking for businesses operating between Canada and the United States.
Strengths
A large Canadian branch and advisor network. A spread of account packages from low cost digital to higher volume needs. Online opening is available, with identity verification, and there are linked savings, lending and cross border options.
Limitations
Account packages include only a set number of transactions, and charges apply for activity above the included amount. Waiving the monthly fee on fuller packages requires keeping a minimum balance. This banking is for Canadian businesses. Verify current packages, fees and eligibility with RBC before applying.
Fees and features
| Monthly fee | The Digital Choice Business Account is about 6 Canadian dollars per month. Other packages carry higher fees that can be waived with a minimum balance. As of 8 June 2026. Verify with RBC. |
|---|---|
| Transaction fees | Each package includes a set number of transactions. Standard fees apply to transactions above the included number. As of 8 June 2026. See the RBC business fees schedule. |
| FX fees | Foreign exchange and international payment charges apply per the RBC schedule. RBC also offers cross border banking between Canada and the United States. As of 8 June 2026. |
| Minimum deposit | No minimum opening deposit stated for the basic packages. Fuller packages waive the monthly fee only when you keep a minimum balance. As of 8 June 2026. |
| Multi currency | RBC offers United States dollar business accounts and cross border services alongside Canadian dollar accounts. As of 8 June 2026 |
| Integrations | Online and mobile business banking, linked savings and lending, and cross border banking. As of 8 June 2026 |
| Eligibility | Canadian businesses. You can begin online and then verify identity with government issued identification and a business registration document. As of 8 June 2026. Verify with RBC. |
Open a RBC Business business account
Availability and fees vary by country. Check the RBC Business by country pages below for your market, then confirm current terms with the provider. Shown as of 8 June 2026.
Visit RBC Business →RBC Business by country
Questions about RBC Business
How much does an RBC business account cost?
Can I open an RBC business account online?
Does RBC waive the business account monthly fee?
Does RBC offer United States dollar business banking?
Fees, features, and eligibility change and vary by region. This page was last reviewed on 8 June 2026. Confirm current terms with RBC Business before applying.