Royal Bank Business Account

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:

• 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.

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

In activating your business account at RBC, you need the following documents:

Personal identification, which can be:

• Canadian passport

• Canadian driver's license

• Canadian Permanent Resident card.

• Articles of Incorporation

• Certificate of Existence

• Master Business License

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 Essentials Savings Account: $0/month

• Premium Investment Account: $0/month

• AgriInvest Account: $0/month

• Custom fee

• US Dollar Business Account: $9/month

• Online Foreign Currency Account: $25/month

• International Banking: Custom fee.

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:

• Send up to $100k

• Transfer for free for transactions above $500

• Instantly receive money

• Competitive exchange rates

• 100% money-back guarantee.

Opening a Remitbee Business Account is hassle-free, like creating a personal account. All you need to do is provide evidence of your business account to authenticate your address. To learn more about setting up a business account on Remitbee, kindly visit this link.