Account (CA)
RBC Bank review: is it trustworthy?
Check out the RBC Bank review to learn how it works and how it can benefit you, including many types of accounts and products, low fees, and marvelous rewards!
RBC Bank: many financial products with low fees and a Loyalty Program
The RBC Bank is one of the biggest banks in the country and the world, and you’ll learn all about it in this full review!
It offers many financial products and services, including wealth management, personal and commercial banking, investments and capital markets, insurance, and more.
Also, it serves 17 million clients in Canada and 28 other countries. It has been recognized as ‘North American Retail Bank of the Year’ for the third consecutive year.
Therefore, it leads the market as one of North America’s most diversified banks. To learn more about it, keep reading this full review article.
| Financial products offered | Accounts: Chequing, Savings, Youth & Student Banking; Credit Cards; Mortgages; Insurance; Loans: Personal, Car loans & Vehicle; Investments: TFSA, RRSP, RESP, GICs, Mutual funds, ETFs, Stocks and Bonds. |
| Fees | From $0 to $30 monthly fee for the accounts |
| Minimum balance | Most of accounts available don’t require minimum balance |
How to start banking with RBC Bank?
Bank how you want and when you want with RBC Bank! Check out how to start!
How is banking with RBC Bank?
Royal Bank of Canada, also known as RBC Bank, provides more than only chequing and savings accounts. It offers investments, loans, credit cards, and more, with low fees and great rates.
The chequing accounts feature from basic ones to VIP. They don’t require a minimum balance, and you can rebate monthly fees with Value Program.
This Value Program works as a reward program by RBC Vantage, a complete benefits package. You can earn rewards when shopping, save cash on gas, rebate monthly fees, and more.
Plus, RBC allows you to have a savings account with high interest and no minimum deposit requirements or monthly fees.
Moreover, its credit cards fit every need, whether you are a student, a business person, or just someone who wants low-interest rates and rewards that can be redeemed in cash and travel.
Furthermore, this bank offers many investment choices, loans for personal and vehicle purposes, and tools that help you with your daily financial decisions.
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RBC Bank experience: accounts, credit cards, and more
RBC is a bank with a great range of financial products and services. Besides the low fees, it offers a reward and loyalty program that gives you points you can use to rebate monthly account fees and more.
Also, it provides an account guarantee, in which if you’re not 100% satisfied within the first four months, the bank refunds up to 3 months of monthly fees.
And you can enjoy peace of mind with a Security Guarantee by CDIC-insurance for up to $100,000.
Pros
- RBC Bank offers a full range of financial products and services for every need, including credit cards, loans, and savings accounts with high interest.
- It provides you with tools, calculators, and an excellent mobile app so you can make wise decisions and manage your daily finances right in the palm of your hand.
- It features a reward and loyalty program that allows you to rebate monthly fees on eligible accounts, save cash on gas, and more.
- The accounts don’t require a minimum balance or deposits.
Cons
- Some accounts charge monthly fees.
- Even though it offers credit cards with no annual fee and low APR, most cards follow the national average interest rate ranging from 19.99% to 22.99%.
Why should I choose RBC Bank?
Besides the fact that RBC is an old and big bank that conveys trust and security, it offers many financial products and services, so you can choose which fulfills your needs better.
How to start banking with RBC Bank?
So, are you interested in starting banking with the Royal Bank of Canada right away? Check out our next post to learn how to do it, then!
How to start banking with RBC Bank?
Bank how you want and when you want with RBC Bank! Check out how to start!
About the author / Aline Augusto
Reviewed by / Aline Barbosa
Senior Editor
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