Member Services

RBC Royal Bank

RBC Royal Bank Business and Personal Banking Solutions

By switching to RBC Royal Bank, your business can take advantage of:

  • Reduced Banking fees:
    Small Business1
    Annual sales < $1 million
    $20 monthly account fee is paid for the first 12 months with the RBC Business Essentials Fixed Fee AccountTM 2    		 Commercial3
    Annual sales > $1 million
    Ongoing 15% off customized current account banking4
  • Access to preferred rates on both loans and GIC's to help grow your business
  • A short-haul flight — earn 20,000 RBC Reward® points if you apply and get approved for an eligible RBC Royal Bank credit card5
  • Best in class cash management solutions
  • Expert financial advice tailored specifically for retailers
  • Programs to help retain and attract high performing employees

PLUS, you and your employees can save even more with access to:

With potential savings of over $1,0006 for your business and $2,2006 for your personal banking needs, making the switch to RBC Royal Bank is easy! Simply contact customerservice@retailcouncil.org or call RCC's customer service team at 1-888-373-8245 to get started.

Small Business Discounts — Total Value $1,0306

  • Reduced Banking Fees
    • Monthly fees waived for 12 months with the RBC Business Essentials Fixed Fee Account that includes up-to 45 monthly transactions ($240 value)2
  • A Short Haul Flight
    • Earn 20,000 RBC Rewards points if you apply and are approved for an RBC® Visa Infinite Avion® or RBC Royal Bank Visa Platinum Avion card ($466 value)5
  • Waived Loan Application Fee
    • No application fee on all business loans, excluding government guaranteed programs ($75 value)7
  • Preferred Loan Rates
    • Preferred rate reduction of 0.5%on select Business Loans (fixed or variable rate loans) ($239 value)8
  • Preferred GIC rates
    • Preferred rates on select cashable GIC's (0.1%) ($10 value)9
  • Relationship Management
    • Expert relationship account manager helping you manage your business and personal banking needs, offering tailored financial advice10

Commercial Retailer Discounts — Total Value $2,2055

  • 15% of Day-to-Day Banking
    • 15% off customized current account transactional day-to-day banking. ($372 value)11
  • A Short Haul Flight
    • Earn 20,000 RBC Rewards P\points if you apply and are approved for an RBC Visa Infinite Avion or RBC Royal Bank Visa Platinum Avion ($466 value)5
  • Waived Loan Application Fee
    • No application fee on all business loans, excluding government guaranteed programs ($75 value)7
  • Preferred Loan Rates
    • Preferred Rate reductions of 0.5% on select new or renewed Business Loans (fixed or variable rate loans, including Business Line of Credit) ($1,192 value)12
  • Preferred GIC rates
    • Preferred premium rates of 0.10% on all new or renewed select cashable GIC's ($100 value)13
  • Retail Industry Relationship Management
    • Expert retail relationship account managers, helping you manage your evolving financial needs, offering tailored financial advice14

Personal Banking Discounts — Total Value $2,27015

  • Preferred Mortgage Rates
    • Receive 1.40% off the RBC posted 5 or 7 year fixed closed personal mortgage rate for a new or switched mortgage to RBC, greater than $100, 000, with a 120 day commitment. ($1,367 value)16
  • Reduced Banking Fees on select Personal Banking Accounts
    • Monthly fees waived for 3 months ($90 value).on RBC VIP Banking® account or 6 months with RBC Signature No Limits Banking ($83.70 value). MultiProduct Rebate® may apply thereafter (up-to $67.50 value)17
  • A Short Haul Flight
    • Earn 20,000 RBC Rewards points if you apply and are approved for an RBC Visa Infinite Avion or RBC Royal Bank Visa Platinum Avion ($466 value)18
  • Preferred GIC rates
    • Bonus 0.3% on select non-cashable GIC's ($30 value)19
  • Lower Loan Rates
    • Rate reductions on select Personal credit services ($113 value)20
  • Waived Direct Invest Fees
    • No transfer fees on RBC Direct Investment Accounts. ($125 value)21
  • Reduced Banking Fees on US Bank Account
    • Monthly fee waived for 3 months on Royal Embassy Checking Account with RBC Bank in the US. ($12 value)22

RBC Group Savings Plans23

Group Savings Plan Solutions can help you build employee loyalty in your organization.

Group savings plans enable you to offer your employees the ability to contribute to an investment plan that will help provide for their future needs. Many employers also choose to offer matching programs to further help employees achieve their goals.

  • Group RRSP
    • Versatile retirement savings plans.
    • Diversified investment options including deposit accounts, GICs, RBC Funds and more.
    • Easy account set-up with ongoing access to investment professionals.
    • No administrative fees combined with our willingness to pay transfer fees from relinquishing institutions
  • Group Investment Account
    • A non-registered group savings plan that helps your employees save for short-, medium- and long-term goals such as supplemental retirement savings, home ownership, education or the vacation of a lifetime.
    • No administrative fees
  • Deferred Profit Sharing Plan
    • Contributions are made prior to payroll taxes being applied
    • Contributions are exempt from CPP, EI and other applicable taxes
  • Dedicated support
    • Customized advice seminars held by our Investment experts to provide personalized advice at your business' location for your employees
    • Individual advice from qualified investment professionals in person or through our 1-800 toll-free number
    • Online access for organizations and their employees.
    • Ongoing support to ensure you see continued value from your benefits program
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