Is RBC Business available for business in Australia?

By Morten Andersen, cofounder of Business Bank Index
Reviewed by Fredrik Filipsson
Availability

RBC Business for business in Australia: Not available

Key eligibility
A business registered in Canada, or operated in Canada by a permanent resident of Canada. RBC business banking is a Canadian product, not an Australian account.
Non resident position
Not served as a local account in Australia. RBC operates internationally mainly through capital markets and wealth services rather than local small business deposit accounts.
Local currency support
Canadian dollars, with United States dollar accounts available in Canada. No Australian dollar account or local Australian account details.
Headline monthly fee
Not applicable in Australia. RBC business chequing pricing applies to Canadian registered businesses.
Availability and fees as of 21 June 2026Last reviewed 21 June 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

As of 21 June 2026, RBC Business does not serve business customers registered in Australia. RBC business banking, from Royal Bank of Canada, offers business chequing and savings to companies registered in Canada or operated in Canada by a Canadian permanent resident. RBC has an international footprint in capital markets and wealth management, but not local small business deposit accounts in Australia. A business registered in Australia cannot open an RBC business account, so the alternatives below point to providers that do serve the market.

Does RBC Business serve business customers in Australia?

No. RBC business chequing and savings accounts are for businesses registered in Canada, or operated in Canada by a permanent resident of Canada. Royal Bank of Canada serves clients internationally through capital markets, corporate, and wealth services, but that is a separate offering from a local small business deposit account, and it is not provided to Australian registered small businesses. A typical company in Australia falls outside it. As of 21 June 2026.

Eligibility for businesses in Australia

Because RBC onboards Canadian registered businesses, a company registered only in Australia does not qualify for the business chequing product. Onboarding expects Canadian business registration documents and Canadian identification. Larger clients may have an institutional or capital markets relationship with RBC, but that is arranged directly and is not the same as opening a business chequing account. Verify with the provider

What it costs locally

There is no local Australian pricing for RBC Business, because the small business product is not offered there. In Canada, RBC business chequing accounts carry monthly fees that vary by plan and transaction volume, and balances are held in Canadian dollars, with United States dollar accounts available. The Australian dollar and local account details are not supported. As of 21 June 2026. As of 21 June 2026

What local users report

There is no base of Australian small business users for RBC Business, since the product is not available in the market. Companies in Australia that want business banking generally use local banks and cross border providers that operate in the market, while RBC in the region works with institutional and wealth clients rather than local small businesses. As of 21 June 2026, confirm the current position with each provider before relying on it.

RBC Business does not appear to serve business customers in Australia as of 21 June 2026, or the position is unclear. Verify directly with the provider. Providers confirmed available in Australia are listed on the Australia country guide.

Questions about RBC Business in Australia

Is RBC Business available for business in Australia?
No. As of 21 June 2026 RBC Business is a Canadian small business banking product for businesses registered in Canada or operated in Canada by a permanent resident. RBC operates internationally through capital markets and wealth services, not local Australian small business accounts. Verify the current position with the provider. This is general information, not advice.
Can a business in Australia open an RBC business account?
A business registered only in Australia cannot open an RBC business chequing account, because that product is for Canadian registered businesses or Canadian permanent residents operating in Canada. Larger clients may hold a capital markets relationship with RBC, which is a different service. Confirm your eligibility with the provider. As of 21 June 2026.
Does RBC Business support the Australian dollar?
No. RBC business accounts are held in Canadian dollars, with United States dollar accounts available in Canada, and do not provide an Australian dollar account or local Australian account details. As of 21 June 2026, confirm the current position with the provider.
What can a business in Australia use instead?
Providers that serve business customers in Australia are listed on the Australia country guide, including local banks and online options. Availability changes, so verify the current position with each provider before applying. As of 21 June 2026.

Availability, fees, and eligibility change. This page was last reviewed on 21 June 2026. Confirm the current position with RBC Business before applying.

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