RBC Day to Day Banking Account

RBC is offering a $150 cash bonus when you open a new Day to Day Banking account online or in the RBC app by December 8, 2026, along with a monthly fee waiver for the first 12 months.

To qualify for the cash, you'll need to complete at least two of RBC's qualifying activities by February 16, 2027, such as moving your full payroll or pension deposit to the account or setting up two pre-authorized monthly payments. RBC credits the bonus within 6 to 10 weeks of you completing them.

Keep in mind that the account, and the deposits or payments you used to qualify, need to stay in place for at least 365 days after February 16, 2027.

RBC Day to Day Banking carries a monthly fee of just $4, the lowest in RBC's chequing lineup.

Through RBC's Value Program, holding multiple eligible products can rebate the fee down to $0. The fee is also waived entirely for seniors, Indigenous clients, and RDSP beneficiaries.

The plan includes 12 debit transactions per month, so it's built for lighter banking activity rather than unlimited use.

Day to Day Banking is RBC's entry-level chequing plan, with 12 debits per month as the core allowance.

Notably, Interac e-Transfers are unlimited and don't count against your monthly debits. Transit payments and Virtual Visa Debit purchases are also free.

There's no minimum balance requirement, and deposits are eligible for CDIC coverage.