What is the monthly fee for RBC chequing?

RBC chequing monthly fees range from $4.00 (Day to Day Banking) to $30.95 (Signature No Limit Banking). The most popular plan, No Limit Banking, costs $10.95/month — waived if you maintain a $3,000 minimum daily balance. RBC does not offer a no-fee chequing account.

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 with No Limit Banking, VIP Banking, Signature No Limit Banking, and Student Banking plans. Day to Day Banking clients pay $1.50 per outgoing e-Transfer. Receiving an e-Transfer is free for all account types.

What is the RBC overdraft fee?

RBC charges a $5 overdraft fee per month if you have overdraft protection and use it, plus interest at approximately 21% per annum on the overdrawn balance. Without overdraft protection, RBC may decline the transaction or charge an NSF fee of $45.

How can I avoid RBC monthly fees?

Maintain the minimum daily balance for your account plan: $1,500 for Day to Day Banking, $3,000 for No Limit Banking, $4,000 for VIP Banking, $10,000 for Signature No Limit Banking. Fee waivers are automatic when the balance threshold is maintained for the full 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 follows the standard Big Five model: tiered monthly account fees with balance-based waivers, plus a schedule of service fees for transactions beyond what is included in each plan. The monthly account fee is the largest single cost for most clients — understanding when it is waived can eliminate it entirely for those with sufficient deposit balances.

Monthly Account Fees

Account	Monthly Fee	Fee Waiver Balance	Transactions Included
Day to Day Banking	$4.00	$1,500 min. daily balance	12/month + $1.50 each additional
No Limit Banking	$10.95	$3,000 min. daily balance	Unlimited
VIP Banking	$16.95	$4,000 min. daily balance	Unlimited + product discounts
Signature No Limit Banking	$30.95	$10,000 min. daily balance	Unlimited + premium perks
Student Banking	$0	No requirement	Unlimited
RBC Advantage Banking	$11.95	Varies	Unlimited (select regions)

Service and Transaction Fees

Everyday Banking Fees

Fee Type	Amount
Interac e-Transfer (Day to Day only)	$1.50 each
Non-RBC ATM withdrawal (Canada)	Operator surcharge (~$2–$3)
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 a partial or full rebate on an RBC credit card annual fee — the credit varies by card and account type. Confirm the rebate amount when opening or reviewing your VIP Banking plan.

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.