Last Updated on February 9, 2025
RBC Bank, a Canadian multinational bank and financial services firm, is an affiliate of the Royal Bank of Canada (RBC). As one of the largest banks in Canada, RBC offers a variety of services and products to personal, commercial, and small business customers. In this comprehensive guide, we’ll answer some of the most frequently asked questions about RBC Bank to help you navigate your banking needs.
| QUICK LINKS | |
|---|---|
| General Information | Contact Information |
| Operating Hours | Banking Details |
| Account Management | Services |
General Information
What Does RBC Bank Stand For?
RBC Bank stands for Royal Bank of Canada.
Who Owns RBC Bank?
RBC Bank is owned by the Royal Bank of Canada, which is the largest bank in Canada by market capitalization and assets.
Operating Hours
| Days | Opening Hours | Closing Hours |
|---|---|---|
| Monday | 9:00 AM | 5:00 PM |
| Tuesday | 9:00 AM | 5:00 PM |
| Wednesday | 9:00 AM | 5:00 PM |
| Thursday | 9:00 AM | 5:00 PM |
| Friday | 9:00 AM | 5:00 PM |
| Saturday | 9:00 AM | 4:00 PM |
| Sunday | Closed | Closed |
Is RBC Bank Open Today?
RBC Bank is generally open from 9:00 AM to 5:00 PM Monday through Friday. On Saturdays, it is open from 9:00 AM to 4:00 PM, and closed on Sundays. However, it’s always best to check the specific hours of your local branch or use their branch locator map online, as they can vary. Some branches may have extended hours or be open on weekends.
What Time Does RBC Bank Close?
RBC Bank closes at 5:00 PM from Monday to Friday, and at 4:00 PM on Saturdays. Again, it’s a good idea to verify with your local branch for any variations.
Account Management
How to Open a RBC Bank Account?
- Choose Your Account Type: Visit the RBC website or your local branch to review the different types of accounts available (e.g., chequing, savings, student accounts, etc.). Select the one that best meets your needs.
- Gather Necessary Documents: You’ll need to provide identification documents such as a valid driver’s license or passport, and proof of address (like a utility bill).
- Apply Online or In-Branch:
- Online: Go to the RBC website, select the type of account you wish to open, and click on the “Open an Account” button. Follow the prompts to fill out the online application form. Upload your identification documents when requested.
- In-Branch: Visit your nearest RBC branch. A banking representative will help you complete the application and verify your identification documents.
- Review and Accept Terms: Carefully read through the account terms and conditions. If you agree, accept them to proceed.
- Initial Deposit: Depending on the account type, you may need to make an initial deposit. Transfer funds electronically or deposit cash/cheques at the branch.
- Confirmation: Once your application is processed, you’ll receive a confirmation email or letter. Your account details, including the account number and any relevant cards (like a debit card), will be sent to you.
How to Close a RBC Bank Account?
- Prepare Your Account: Make sure your account balance is zero or transfer any remaining funds to another account. Ensure all pending transactions have been processed.
- Visit a Branch or Contact Customer Service:
- In-Branch: Go to your local RBC branch and speak with a banking representative. Inform them of your intention to close the account. They will guide you through the process.
- Customer Service: Call RBC customer service at 1-800-769-2555. Request to close your account. The representative will verify your identity and process your request.
- Settle Outstanding Fees: Ensure any outstanding fees or charges are paid. If you are closing an account with an ongoing service or subscription, notify the relevant parties to switch to an alternate payment method.
- Confirmation: Once your request is processed, you’ll receive a confirmation email or letter confirming that your account has been closed. Keep this confirmation for your records.
Contact Information
How Do I Contact RBC Bank Customer Service?
You can contact RBC customer service at 1-800-769-2520 for business-related inquiries or 1-800-769-2555 for online banking. You can also reach out via their website or mobile app for support. Below are some of the important RBC bank contact list:
- For Business Banking: 1-800-769-2520
- For Online Banking: 1-800-769-2555
- For Customer Service Support: 1-800-769-2511
- For Facebook – https://www.facebook.com/rbc
- For Twitter – https://twitter.com/RBC
- For Instagram – https://www.instagram.com/rbc/
- For YouTube – https://www.youtube.com/user/RBC
Which RBC Bank Branch Near Me
Here are a few ways to locate the nearest RBC Bank branch:
- RBC Branch and ATM Locator: Visit the RBC Branch and ATM Locator and enter your postal code, address, or share your location.
- Google Maps: Open Google Maps, type “RBC Bank” in the search bar, and it will show you the closest branches along with directions.
- RBC Website: Check the RBC website for a list of branch locations and contact information.
Banking Details
What is RBC Bank’s Transit Number?
The transit number is a unique identifier for each branch and can be found on your chequebook or by contacting customer service. This number is essential for various banking transactions, such as direct deposits and electronic funds transfers.
What is RBC Bank’s Institution Number?
The institution number for RBC Bank is 003, which is common for all RBC Bank branches. This number, combined with the transit number, forms the routing number needed for various transactions.
What is RBC Bank’s Routing Number?
The routing number is used for electronic transactions and can be found on the RBC website or your chequebook. It consists of the institution number and the transit number.
Services
Does RBC Bank Have Online Banking?
Yes, RBC offers robust online and mobile banking services. You can manage your accounts, pay bills, transfer funds, and more through their secure online portal and mobile app.
What are RBC Bank’s Loan Rates?
Loan rates at RBC vary depending on the type of loan and individual circumstances. It’s best to contact RBC directly or visit their website for the most up-to-date information on loan rates.
Does RBC Bank Offer Mortgages?
Yes, RBC offers a variety of mortgage options to suit different needs. Whether you’re buying your first home, refinancing, or investing in property, RBC has mortgage solutions for you.
What are RBC Bank’s Fees?
RBC Bank’s fees vary by account type and the services used. It’s important to review their fee schedule, which can be found on the RBC website or by contacting customer service.
What are RBC Bank’s Credit Card Options?
RBC offers several credit card options, including personal, business, and travel cards. Each card has its own set of features, benefits, and rewards programs.
Can I transfer Money Internationally with RBC Bank?
Yes, RBC provides international money transfer services. You can send money to various countries through their online banking platform or by visiting a branch.
What are RBC Bank’s Savings Account Options?
RBC offers various savings account options, including high-interest savings accounts, TFSA (Tax-Free Savings Accounts), and more. These accounts are designed to help you save and grow your money.
Does RBC Bank Offer Business Banking Services?
Yes, RBC provides a range of business banking services, including business accounts, loans, credit cards, and more. These services are tailored to meet the needs of small to large businesses.
What is RBC Bank’s Mobile App Like?
The RBC mobile app (Android and iOS) is highly rated for its user-friendly interface and comprehensive features. It allows you to manage your accounts, pay bills, transfer funds, and even deposit cheques using your smartphone.
How do I Apply for a Mortgage with RBC Bank?
You can apply for a mortgage online, by phone, or in person at a branch. The process involves filling out an application form, providing necessary documents, and undergoing a credit check.
Conclusion
RBC Bank provides a comprehensive range of financial services and products to meet the diverse needs of its customers. Whether you’re looking to open an account, manage your finances, apply for a loan, or explore investment options, RBC has you covered with its extensive offerings and customer support.
Statistics and Information Sources:
- RBC Canada website
- Link: https://www.rbcroyalbank.com/personal.html
