What is the monthly fee for RBC chequing?

RBC chequing monthly fees range from $4.00 (Day to Day Banking) to $30.00 (VIP Banking). The most-marketed account, RBC Signature No Limit Banking, costs $16.95/month for unlimited debit transactions in Canada. RBC does not use minimum-balance waivers on these four core accounts — instead, the "Value Program" reduces the fee (down to as low as $4/month on Signature No Limit Banking) when you hold multiple RBC products. (Source: rbcroyalbank.com, verified August 2026.)

What is the RBC NSF fee?

RBC charges a $45 NSF (non-sufficient funds) fee each time a payment is returned due to insufficient funds in your account. This is among the higher NSF fees in Canada. In 2024, the Canadian government capped NSF fees at $48 for federally regulated banks. Some Big Five banks reduced their NSF fees ahead of the cap — confirm the current RBC NSF fee on the RBC website or by calling 1-800-769-2511.

Does RBC charge for e-Transfers?

Interac e-Transfers are included free on all four RBC chequing accounts (Day to Day, Advantage, Signature No Limit, and VIP Banking).

What is the RBC overdraft fee?

RBC charges a $5 overdraft protection fee per month on Day to Day Banking and Advantage Banking; the fee is waived entirely on Signature No Limit Banking and VIP Banking. Interest applies at approximately 21% per annum on the overdrawn balance if overdraft protection is used. Without overdraft protection, RBC may decline the transaction or charge an NSF fee of $45.

How can I avoid RBC monthly fees?

RBC does not use minimum daily balance waivers on its four core chequing accounts. Instead, enroll in the RBC Value Program by holding multiple RBC products (chequing, savings, credit card, mortgage, etc.) to reduce your monthly fee — this can bring Signature No Limit Banking down to as low as $4/month. Students qualify for the free Student Banking account with no balance requirement.

RBC Fees 2026 | Chequing, Savings, Wire Transfer & Service Fees

RBC’s fee structure uses four core chequing tiers — Day to Day Banking, Advantage Banking, Signature No Limit Banking, and VIP Banking — priced at $4, $12.95, $16.95, and $30 per month respectively. Unlike TD, BMO, and Scotiabank, RBC does not waive these fees based on a minimum account balance; instead, its “Value Program” reduces the monthly fee when you hold multiple RBC products (chequing, savings, credit card, mortgage, or investments) with the bank.

Monthly Account Fees

Source: rbcroyalbank.com “Compare Chequing Accounts,” verified August 2026. RBC’s fee schedule can change — confirm current rates before opening an account.

Account	Monthly Fee	Notes
Day to Day Banking	$4.00	12 debits of any kind + unlimited e-Transfers, transit, and virtual Visa Debit
Advantage Banking	$12.95	Unlimited debit transactions in Canada
Signature No Limit Banking	$16.95	Unlimited debit transactions in Canada (RBC’s most-marketed account); as low as $4/month with the Value Program
VIP Banking	$30.00	Unlimited debit transactions worldwide; free non-RBC ATMs and cross-border debits
Student Banking	$0	No requirement

No minimum balance is required on any of these four accounts. RBC’s fee reduction model is the Value Program — holding more RBC products (chequing, savings, credit cards, mortgages, investments) unlocks fee rebates on up to 3 accounts, rather than a single balance threshold like other Big Five banks use.

Service and Transaction Fees

Everyday Banking Fees

Fee Type	Amount
Interac e-Transfer (all accounts)	Free
Non-RBC ATM withdrawal (Canada)	Day to Day: $2 each; Advantage: no fee; Signature No Limit: 3 waived/month then $2 each; VIP: no fee
Cross-border debit	Day to Day/Advantage: $1 each; Signature No Limit: 5/month then $1 each; VIP: free
Non-RBC ATM withdrawal (international)	2.5% FX fee + operator surcharge
Paper statement	$2.00/month (waived with eStatements)
Cheque image retrieval	$5.00 per image
Stop payment order	$12.50
Certified cheque	$15.00
Bank draft	$8.50
Money order	$7.50

Overdraft and NSF Fees

Fee Type	Amount
NSF (returned payment)	$45.00
Overdraft protection monthly fee	$5.00/month (if used)
Overdraft interest rate	~21% per annum on overdrawn balance
Account transfer (overdraft coverage)	No fee if linked savings account covers shortfall

Wire Transfer Fees

Transfer Type	Fee
Domestic wire (outgoing)	~$25.00
International wire (outgoing)	~$40–$65 (varies by amount/currency)
International wire (incoming)	$15.00

See the full RBC wire transfer guide for limits and processing times.

Foreign Currency Fees

Fee Type	Amount
Foreign currency purchase (Visa debit)	2.5% of transaction
Foreign ATM withdrawal	2.5% of withdrawal
Foreign currency exchange at branch	2.5–3% spread over mid-market rate
USD account (no conversion fee for USD transactions)	N/A

Credit Card Annual Fees

Card	Annual Fee
RBC Cash Back Mastercard	$0
RBC ION Visa	$0
RBC Rewards+ Visa	$39
RBC Avion Visa Infinite	$120
RBC Avion Visa Infinite Privilege	$399

VIP Banking clients may receive up to a $120 rebate on an eligible RBC credit card’s annual fee; Signature No Limit Banking clients may receive up to a $48 rebate (students may also qualify on Advantage Banking). Confirm the current rebate amount for your specific card when opening or reviewing your account.

Investing Fees (RBC Direct Investing)

Fee Type	Amount
Standard equity trade	$9.95
Active trader equity trade (150+ trades/quarter)	$6.95
US stock trade	$9.95 (in USD)
Options (base + per contract)	$9.95 + $1.25/contract
Mutual fund purchase	$0 (no-load funds)
Account administration fee	$25/quarter (waived at $15,000+ balance)
RRSP/TFSA administration fee	$25/year (waived at $15,000+)

How to Avoid RBC Fees

Fee	How to Avoid
Monthly account fee	Maintain minimum daily balance (varies by plan)
e-Transfer fee	Upgrade from Day to Day Banking
Paper statement fee	Switch to eStatements in Online Banking
Non-RBC ATM fee	Use RBC ATMs — 4,500+ across Canada
Foreign transaction fee	Use RBC USD account for US purchases
NSF fee	Enable overdraft protection or linked savings account coverage
Direct Investing quarterly fee	Maintain $15,000+ combined account balance

Fee Schedule Changes

RBC updates its fee schedule periodically. The figures on this page were accurate as of May 2026. For the most current rates, refer to the RBC Personal Banking Fee Schedule available on rbcroyalbank.com or request a copy at any branch.

The FCAC (Financial Consumer Agency of Canada) requires federally regulated banks to publish their complete fee schedule publicly and notify clients 30 days before any fee increases.