Offers
Welcome Bonus
New RBC clients who open an RBC Advantage Banking account for students can receive a welcome bonus of $100 cash + a donation of $100 to an approved charity. To qualify:
- Open an RBC Advantage Banking account for students by Feb 2, 2026.
- Set up and complete two of the transactions from the list below by March 30, 2026:
- Set up and receive a recurring direct deposit.
- Set up and make 1 pre-authorized payment.
- Complete 1 bill payment.
- Register for Interac Autodeposit and send or receive 1 Interac e-Transfer.
- Sign up for an RBC Virtual Visa Debit and make 1 purchase.
Account Features
The RBC Advantage Banking account for students offers FREE Interac e-Transfer transactions and unlimited debit transactions in Canada. Plus there is no ATM Fee from RBC to use another bank’s ATM in Canada.
Get the RBC ION+ Visa and start earing 3x the Avion points on things like groceries –> Plus, it’s the annual $48 fee you want back in your pocket. Each month get $4 back when you pair your ION+ with the RBC Advantage Banking account for students.
Account holders can earn Avion Points on debit purchases with the RBC ION+ Visa or by enrolling this RBC bank account with Value program.
Link your RBC Card to your Petro-Points card and save 3¢/L on gas at Petro-Canada.
Fees
Monthly Fees
The RBC Advantage Banking account for students has no monthly fee for full-time students.
Other Fees
| International Money Transfers | Pay no fee for U.S. and international money transfers |
| Non-sufficient funds (NSF) Fee Rebate | 1 NSF fee rebated every calendar year |
| Personalized Cheques | Fees Apply |
| Bank Drafts | $9.95 each |
| Overdraft Protection | $5/month, plus overdraft interest (if used) |
| eStatements or Monthly Paper Statements | FREE |