RBC Premium Checking Account Review

The RBC Premium Checking Account is a mid-level chequing account that lets you carry out unlimited US dollar transactions for a reasonable annual fee. With this account, you can transfer money between Canada and the US and pay no foreign transaction fees. You can also deposit US cheques, pay US bills and take money out at select US ATMs for free.

Just be aware that this account comes with an annual fee of US$99.95 (or US$9.95 a month if you’d prefer not to sign up for a year).

30-second take

• Think about this account if you’re looking for unlimited free transactions or you’d like to get a preferred foreign exchange rate for money transfers.

• Choose something else if you rarely deal in US dollars or you want to earn interest on your account.

• There are no minimum income requirements for this account.

How do I open an RBC Premium Checking Account?

Eligibility requirements

To apply for an RBC Premium Checking Account, you need to meet the following criteria:

• Be a Canadian citizen or permanent resident who is at least 18 years old (19 in some provinces)

Required documents and information

• Your name, residential status and contact information
• Your Social Insurance Number (optional) and date of birth
• Your email address and phone number

How do I deposit or withdraw my money?

You can easily take money out of your account using your debit card or by visiting an RBC branch in person. You can also easily withdraw cash at thousands of RBC ATMs across Canada and the US. You’ll also be able to make free cross-border transfers between your RBC accounts with the click of a mouse.

If you want to put money into your account, you can deposit a cheque or lump sum of cash. This can be done in Canadian or US dollars, depending on your preferences. You’ll also be able to transfer funds from an external account to load up your RBC Premium Checking Account.

Compare with other chequing accounts

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Finder Rewards ExclusivePromoted Finder score 8 Great Coast Capital Elevate Chequing Account	Finder score 8 Great	$16.95 (can be waived)	Unlimited	$0	Earn up to $600	ENDS SOON! $150 DIGITAL VISA CARD REWARD 1 Join Finder 2 Open a Coast Capital Elevate Chequing Account 3 Get a digital Visa gift card from Finder Ends by. T&Cs apply.	New members can get up to $600 when they open and use a Coast Capital Elevate Chequing Account. Offer ends January 5, 2026.. T&Cs apply.	Go to siteMore info Compare product selection Compare	loading
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Finder Score for chequing accounts

To make comparing even easier we came up with the Finder Score. Welcome offers, account fees and features across 60+ chequing accounts and 25+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the account - simple.

Read the full methodology