At Royal Bank, we understand that everyone's banking needs are unique. With our full-range of checking accounts and products, you're sure to find an option that fits your needs. Set up an account with basic check-writing capabilities or add additional options at little or no cost. Add E-Statements, Debit Card(s) with Prewards, Online Banking, Mobile Banking, Bill Pay and more to any of our accounts. Compare accounts and enroll online, in-person or over the phone.
Contact us today to learn more!
|Best fit for:||Customers comfortable with Online Banking||Customers who prefer paper statements & use their debit card frequently||Customers who prefer paper statements||Customers who want a return on their investment||Businesses of any size|
|Opening Deposit Amount||
|Below Minimum Balance Fee||$0||$0||$7.50 & .20 per check||$10.00 and .20 per check||$7.50 and .20 per check|
|Monthly Service Fee||$0||$10||$0||$0||$0|
|Debit Card Monthly Fee||$1||$0||$1||$1||$1|
|Debit Card With Prewards|
|Online Banking With Bill Pay|
|E-Statements||Mandatory ($3.00 charge for paper statements)|
|Check Images||Available online|
(standard design only)
|Mobile Check Deposit|
|Interest-Bearing||N/A||N/A||N/A||Based on average daily balance collected(i)||N/A|
|Other Available Options||Electronic quarterly customer newsletter included with e-statement||25% discount on all safe deposit boxes||Minimum balance service charge waived for seniors (age 62+) OR accounts maintaining an average daily balance of $2,500+ in a savings account or CD||Three rate tiers||Check images with statements & statements cycled at month-end for accurate bookkeeping|
(i) Average Daily Balance Method (ADB) applies a periodic rate to the average daily balance in the account for the statement period. The ADB is calculated by adding the principal in the account for each day of the statement period divided by the number of days in the statement period.