RBC Business for business in Canada: Available
- Key eligibility
- Businesses registered in Canada, with owners and signatories who can complete RBC identity verification
- Non resident position
- Account opening generally requires Canadian registration and identity verification. Non resident owners should confirm requirements with RBC
- Local currency support
- Canadian dollar business accounts, with US dollar business accounts also offered
- Headline monthly fee
- RBC Digital Choice Business Account 6 Canadian dollars a month
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Does RBC Business serve business customers in Canada?
Yes. RBC is Canada's largest bank and provides business banking nationwide, including business chequing accounts, US dollar accounts, credit, payments and merchant services. Business accounts are offered to sole proprietorships, partnerships and incorporated companies registered in Canada. As of 23 June 2026.
Eligibility for businesses in Canada
RBC expects a business registered in Canada and identity verification for the owners and authorised signatories. Sole proprietors, partnerships and corporations are eligible, and incorporation or registration documents are required. Some accounts can be opened online while others may need a branch visit, and non resident or foreign owned businesses should confirm requirements with RBC. Verify with the provider
What it costs locally
The RBC Digital Choice Business Account is advertised at 6 Canadian dollars a month with unlimited electronic transactions, while package accounts such as the Ultimate Business Account carry higher monthly fees that can be reduced or waived by maintaining a minimum balance. Transaction, cash handling and other service fees apply per the RBC business fee schedule. As of 23 June 2026
What local users report
As a long established Canadian bank, RBC offers a national branch and ATM network, online and mobile business banking, and integrated payment and lending services. Businesses weighing RBC typically compare its monthly fees and per transaction charges against lower cost digital providers. Confirm the current fee schedule with RBC.
How to open RBC Business for business in Canada
- Choose an RBC business chequing account, for example the Digital Choice Business Account, using the RBC business account selector
- Provide your Canadian business registration or incorporation documents and verify the owners and signatories
- Open the account online or at a branch, then activate online banking and any US dollar account you need
Questions about RBC Business in Canada
Is RBC Business available for business in Canada?
How much does an RBC business account cost?
Does RBC offer a US dollar business account?
Can a non resident open an RBC business account?
Availability, fees, and eligibility change. This page was last reviewed on 23 June 2026. Confirm the current position with RBC Business before applying.