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RBC Advantage Banking Account for Students
$50
RBC Advantage Banking Account for Students
Bank Account · Apply through Finly
Cash back
$50
Finly rebate
$50
Get $50 rebate** + Students, Get $100 and RBC Will Give Another $100 to Approved Charities on the RBC Advantage Banking Account for Students
Apply through Finly. Get approved by the financial institution. We e-Transfer your rebate via Interac, no points or portals required.
Paid via INTERAC e-Transfer
Secure & private
$551,000+ paid out to Canadians
Read before you apply
Rebate eligibility & offer terms
These rules determine whether you qualify for the Finly rebate on this offer. Skim them before clicking apply.
* / ** Terms and conditions apply.
- Only valid for eligible new account holders
The chequing account
Why RBC Advantage Banking Account for Students?
Banking that works as hard as you do. RBC Advantage Banking for Students gives you unlimited everyday transactions, zero monthly fees while you’re in school, and the flexibility to manage your money without limits. Stay focused on your studies while your banking stays simple, accessible, and built for student life.
How to earn the welcome bonus
- Open a no-monthly-fee RBC Advantage Banking account for students to receive $100*, and RBC will donate another $100* to approved charities(1).
- *Conditions apply. Up to $500,000 CAD (in total contributions).
- Offer ends February June 1, 2026.
- Complete offer eligibility criteria by August 10, 2026.
How to get your $100 student bank account
1) Open an RBC Advantage Banking account for students by June 1, 2026(1)
2) Complete two of these qualifying activities before August 10, 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.
Fees & limits
Monthly fee
Can be waived
$0
Transactions
Unlimited
Interac e-Transfers
Unlimited
ATM (own network)
$0
ATM (Canada, other)
$0
Foreign currency
2.5%
Insufficient funds
$10
Ways to waive the monthly fee
Students Rebate
No monthly fee for full-time students or anyone 24 and younger(2,3)
Ready when you are
$50 is yours when you apply through Finly.
We e-Transfer your rebate via Interac after the financial institution confirms your sign-up. No portals, no points — just real cash.
How you get paid
From offer to bank deposit
The financial institution approves your application — we handle the rest. No claims to file, no portals to log into.
01
Sign in to Finly
Create an account or sign in. Add your Interac e-Transfer email so we can pay you out.
02
Click the offer
We track your application via your Finly account — no codes needed. Don't switch devices or use ad-blockers.
03
Apply with the financial institution
Complete the financial institution's application as usual on their site. Get approved on their schedule.
04
Wait for verification
The institution reports your sign-up to us within a few days to a few weeks. We'll email you when it's confirmed.
05
Get paid via Interac
Once verified, we e-Transfer your rebate within 10 days. The cash lands directly in your bank account.
FAQ
Common questions, answered.
Still unsure? Reach out to support after signing up — we'll get back to you within a couple of business days.
Yes. The Finly rebate stacks with whatever sign-up offer or welcome bonus the institution provides. You get both.
Rebates are sent via Interac e-Transfer to the email on your Finly profile. Once your sign-up is verified, payments are typically processed within 10 days.
The financial institution reports the transaction back to us within a few days to a few weeks, depending on their reporting cadence. You can track the status from your Finly account.
Switching devices mid-application, using a VPN, ad blocker, or incognito mode can break our tracking cookies. Complete the application on a single device in one session for a smooth experience.
No — Finly rebates apply only to brand-new sign-ups. If the financial institution flags you as an existing customer for that product, the rebate won't apply.
Some accounts waive the monthly fee if you maintain a minimum balance or set up direct deposits. Any waiver options are listed in the fees & limits panel above. The financial institution makes the final approval decision.
Eligible Canadian bank deposits are insured by CDIC up to $100,000 per category. Coverage details depend on the institution — check the financial institution's site for specifics.
What Our Members Say
Real reviews from real users. See our full list of reviews on Trustpilot
Legal & disclosures
Disclosures from the issuing institution. Always confirm product terms directly with the issuer before applying.
Product legal content
1) Offer available February 3, 2026- June 1, 2026 (“Promotional Period”)
This offer is available to any Eligible Student Client without a Personal Banking Account with Royal Bank of Canada at the beginning of the Promotional Period or in the three-year period before the start of the Promotional Period, and who otherwise complies with the Terms of the Promotional offer. The Bonus Offer is $100 with an Eligible Personal Banking Account. To qualify for the $100 you must open your first new Eligible Personal Banking Account by 9:00 PM EST on June 1, 2026 and complete two of the following Qualifying Criteria by 9:00 PM EST on August 10, 2026 using your Eligible Personal Banking Account:
i. Register your Eligible Personal Banking Account for Interac Autodeposit and send or receive one (1) e-Transfer using RBC Online Banking or the RBC Mobile app.
ii. Request and obtain an RBC Virtual Visa Debit card and make at least one (1) Qualifying Debit Transaction (as defined in the Note section below) with your Eligible Personal Banking Account.
iii. Transfer the full amount of your automated and recurring payroll direct deposit to your new Eligible Personal Banking Account. For greater certainty, this means that you will not qualify if you split your payroll deposit from one employer between your new Eligible Personal Banking Account and any other account. We reserve the right to determine what is considered payroll and whether any payroll deposit has been split. The first payment of each PAP must be debited and must clear from your new Eligible Personal Banking Account by 9:00 PM Eastern Time August 10, 2026.
iv. Set up one (1) pre-authorized monthly payment (“PAP”) – such as a pre-authorized eligible bill payment to a service provider (i.e. utility bill, gym membership) or pre-authorized payment to an RBC mortgage, loan, Royal Credit Line, or contribution to your RBC investment account – from your new Eligible Personal Banking Account. PLEASE NOTE: Any bill payments (pre-authorized or otherwise) made using a Virtual Visa Debit will not qualify. The first payment of each PAP must be debited and must clear from your new Eligible Personal Banking Account by 9:00 PM Eastern Time August 10, 2026.
v. Make one (1) eligible bill payment to a service provider from your new Eligible Personal Banking Account. PLEASE NOTE: To qualify, the eligible bill payment must be completed through the RBC Mobile app or RBC Online Banking. Excludes any bill payment made in-person at an RBC Royal Bank branch with an RBC Advisor, and any bill payment made to an RBC credit card account, and any bill payment made using RBC Virtual Visa Debit. The eligible bill payment must be debited and must clear from your new Eligible Personal Banking Account by 9:00 PM Eastern Time August 10, 2026.
NOTE: Qualifying Debit Transactions are defined as Bill Payments or purchase transaction using any of the following: your RBC Client Card, an RBC Virtual Visa Debit card associated with your Eligible Personal Banking Account, Interac Flash, Apple Pay, Google Pay, Samsung Pay Transactions carried out at an RBC Royal Bank branch or through the RBC Royal Bank ATM network, and bank fee transactions, are not included as qualifying transactions.
NOTE: You must be at least 14 years of age to obtain an RBC Virtual Visa Debit card. As such, option ii. (above) is only available to individuals who meet this minimum age requirement; if you are below the age of 14 and participate in this Promotional Offer, you must select one of the other eligible transaction types described.
The $100 cash component of the Promotional Offer will be deposited into your Eligible Personal Banking Account within 4 to 10 weeks of completing the Qualifying Criteria, if applicable. Royal Bank of Canada may follow up with Eligible Student Clients to remind them to complete the Qualifying Criteria.
This offer may not be combined or used in conjunction with any other Personal Banking Account offers. Royal Bank of Canada reserves the right to withdraw this offer at any time without notice, even after acceptance by you. For full details including defined terms visit rbc.com/offerterms100.
Information around the charitable donation:
Beginning December 8, 2025, we will notify you by way of an email to the email address we have recorded in your client profile, when you have fulfilled the Qualifying Criteria and qualified for the Charitable Bonus portion of the Promotional Offer. This message will be sent at any time up to seven (7) business days after all Qualifying Criteria have been completed. The message will contain a link that will permit you to visit a webpage where you will be able to confirm your participation in the program. After you have participated, RBC will donate the Charitable Bonus amount to 3 RBC-approved charities. In order to have the Charitable Bonus allocated accordingly, you must click the link in the email we’ve sent you by 9:00 PM Eastern Time on April 30, 2026.
This offer may not be combined or used in conjunction with any other Personal Banking Account offers. Royal Bank of Canada reserves the right to withdraw this offer at any time without notice, even after acceptance by you. For full details including defined terms visit rbc.com/getgiveofferterms.
RBC will donate to 3 RBC pre-approved charities. An email will be sent to you after you have opened your account and completed your qualifying criteria with a dedicated link for you to click on to activate the donation from RBC. The eligible charities are: Food Banks Canada; Habitat for Humanity; and Kids Help Phone. RBC will donate $100 (up to a maximum aggregate of $500,000 CAD across all charities) to all 3 eligible charities once you complete all of the offer criteria. Offer ends February 2, 2026 and you must complete the Qualifying Criteria by March 30, 2026, in order to have your Charitable Bonus allocated accordingly.
2) Offered as part of the Commitment on Low-Cost and No-Cost Accounts from the Financial Consumer Agency of Canada (FCAC).
3) To be eligible, you must be 24 and under or a full-time student with an Advantage Banking Account. To be considered a full time student you must attend a primary or secondary school, OR be enrolled in a program at the post secondary level at a college, university or other educational institution (whether in Canada or not). If you are a post-secondary student you must take at least 60% of the usual course load for the program in which you are enrolled in any particular semester. Proof of enrollment may be requested at our discretion.
4) Unlimited free Interac e-Transfer transactions are available in all Canadian dollar personal banking (chequing) accounts and are not counted toward the free monthly total in accounts with a limited number of free debits. There is a limit of 999 free Interac e-Transfer Transactions per Month per Account. In all Canadian dollar savings accounts, Interac e-Transfer transactions are $1 each, count as a Debit Transaction toward any free monthly total and carry an Excess Debit Transaction fee, if applicable. Interac e-Transfer transactions are not available in US dollar accounts.
5) Interac e-Transfer transactions expire 30 days after they are sent and cannot be claimed by the recipient after this time. You have 15 days after the Interac e-Transfer transaction is sent to cancel without charge. A $5.00 Interac e-Transfer transaction Reclaim Fee is charged when a recipient does not accept it before it expires and the sender does not cancel the transaction before the 15-day cancellation period.