Royal Bank business account
The RBC, or the Royal Bank of Canada, is a leading Canadian and global financial services provider. Founded in 1864 as the Merchants Bank of Halifax, it changed its name to reflect its nationwide expansion in 1901. With headquarters in Toronto, Ontario, RBC employs over 85,000 people globally and remains a crucial player in the Canadian banking industry and global financial markets.
You send
They receive
Pay with:
...
Trademark Disclaimer : Royal bank* is a trademark royal bank with whom Remitbee Incorporated ("We," "Us," "Our") has no direct or indirect association in marketing, sales or customer service. Indeed, the enclosed contents are provided only for information and comparison purposes. We further state that all third-party products, services, company names and logos remain the property of their respective holders. Use of them here in this article does not imply any affiliation with or endorsement by them.
How To Open a Business Account With the Royal Bank of Canada?
The Royal Bank of Canada offers businesses to open accounts for everyday operations or short/long-term savings. They offer 11 package plans. To know what's best for your business, read more here.
Here's a general overview of the process of opening a business account at RBC:
Here's a general overview of the process of opening a business account at RBC:
- Before opening your account online, you must assess your eligibility first.
- If you fit the criteria, select All of the above statements are true, then click continue. Otherwise, you must visit a local branch to get assistance in opening a business account.
- You will be asked about the type and structure of your business in the next two sections to help determine the documentation you need.
- The third section of the online form requires some personal information. Make sure that the data you entered is correct before proceeding.
- Next, sign the documents online, then finalize the process. Your account will now be ready for activation.
Who Can Open a Business Account at RBC?
You are eligible to open a business account at the Royal Bank if you are:
- Over the age of maturity (check your provincial law)
- Does not have an existing business account at RBC
- Opening the business account for yourself and not for someone else
- A Canadian resident with your business registered in Canada
- Your business is a sole proprietorship or private corporation
- Your business is not a trust, non-profit, association, or estate
- Your business is not a subsidiary of another corporation
What Are the Documents Needed To Open a Business Account in RBC Bank?
In activating your business account at RBC, you need the following documents:
Personal identification (one of the following):
Business registration documents such as:
Personal identification (one of the following):
- Canadian passport
- Canadian driver's license
- Canadian Permanent Resident card
Business registration documents such as:
- Articles of Incorporation
- Certificate of Existence
- Master Business License
RBC Business Account Fees
Check this overview of the fees that your business might be subjected to:
Chequing Accounts
- Digital Choice Business Account: $5/month
- Flex Choice Business Account: $6/month
- Ultimate Business Account: $100/month
Business Savings
- Business Essentials Savings Account: $0/month
- Premium Investment Account: $0/month
- AgriInvest Account: $0/month
Other Accounts
- Business Trust Account: Custom fee
- US Dollar Business Account: $9/month
- Online Foreign Currency Account: $25/month
- International Banking: Custom fee
Consider Remitbee for Your Business Account Needs
With Remitbee, you can easily carry out your business's routine transactions hassle-free and affordable. Sign up for an account online and benefit from quick verification, allowing you to start making transactions immediately.
Moreover, Remitbee offers a highly favorable CAD-USD exchange rate and a nominal conversion fee ranging from 0.3% to 0.6%. As a result, customers can save up to $2,000. Discover the other benefits that Remitbee can offer to your business:
Moreover, Remitbee offers a highly favorable CAD-USD exchange rate and a nominal conversion fee ranging from 0.3% to 0.6%. As a result, customers can save up to $2,000. Discover the other benefits that Remitbee can offer to your business:
- Send up to $100k
- Transfer for free for transactions above $500
- Instantly receive money
- Competitive exchange rates
- 100% money-back guarantee
Best app for international business transfers
Remitbee is the best and most secure option when you send money from Canada internationally
4.6
4.6
