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RBC Signature No Limit Banking Account Review

Get unlimited free transactions and credit card rebates when you sign up for this everyday chequing account. 

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Account Fee


Monthly Transactions


OfferIf you have an RBC credit card that accumulates points for rewards, link your RBC debit card to a Petro-Points card and earn 20% more rewards points on your RBC credit card. Additionally, save 3 cents per litre at Petro-Canada gas stations
Monthly Account Fee$15.95
Fee Waive ConditionsThrough RBC's Multi Product Rebate program, pair this account with 2 other eligible RBC accounts in the same geographic region and get cashback for some or all of your monthly fees (only pay $9.95/month for this account)
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The RBC Signature No Limit Banking Account is RBC’s most popular chequing account. It comes with unlimited transactions and a host of other perks for a $15.95 monthly fee. Notable benefits include free bank drafts, personalized cheques, rebates on basic credit card fees (up to $39) and no monthly overdraft fees. You’ll also get free Interac e-Transfers and reimbursements for non-RBC ATM fees, up to a monthly limit.

30-second take

  • Think about this account if you want to get a full suite of RBC banking services and transactions for a reasonable monthly fee.
  • Choose something else if you don’t think you’ll use the included benefits or you’d prefer to earn interest on the balance you hold in your account.
  • There are no minimum income requirements for this account.

What are the benefits of the RBC Signature No Limit Banking Account?

The RBC Signature No Limit Banking Account is a good fit for customers who want a wide array of products and services included in their monthly account fee. These include the following:

  • Unlimited transactions. Make as many transfers, purchases and bill payments as you want with no associated fees.
  • Free Interac e-Transfers. Send money to family and friends for no additional fee with unlimited Interac e-Transfers.
  • Non-RBC ATM rebates. Get your ATM fees reimbursed when you take money out of non-RBC ATMs (up to three withdrawals reimbursed per month).
  • Special rebates. Pay less for your account each month if you hold multiple RBC accounts or you qualify for a senior’s discount.
  • Free bank drafts. Get up to six free bank drafts per year included with this account.
  • Free cross-border debits. Take advantage of five cross-border debits per month (and pay one dollar per debit once you exceed this amount).
  • Credit card fee waivers. Save up to $39 per year on credit card fees when you sign up for an eligible card.
  • Use of a safety deposit box. Enjoy a rebate of $12 per year on the cost of renting a safety deposit box.
  • Free cheques. Order as many personalized cheques as you need at no extra charge.
  • Overdraft protection. Protect yourself from non-sufficient funds (NSF) charges on your account if your balance dips below zero with complimentary overdraft protection.
  • Fuel savings at Petro-Canada. Link your card to Petro-Canada and instantly save 3¢ per litre on fuel and earn 20% more Petro-Points.

What should I look out for?

While the RBC Signature No Limit Banking Account is well-known for offering a host of benefits, it also comes with a few drawbacks:

  • Monthly fee. The monthly fee for this account is $15.95, which works out to $191.40 per year if you don’t factor in any discounts.
  • Caps on certain perks. Certain benefits aren’t unlimited and will be capped when you reach a specified amount.
  • No interest on savings. You won’t earn interest on the money you hold in your account.
  • Only beneficial if you use all the perks. This account will likely only be worth the money if you plan to take advantage of all of its perks and benefits.

RBC Signature No Limit Banking Account‘s ATM network and fees

You can expect to pay a monthly fee of $15.95 per month with the RBC Signature No Limit Banking Account. This adds up to $191.40 per year, which may not be worth the return you get in benefits. That’s why it’s important to weigh the costs of the free services you’ll receive against how much you need to pay to keep your account active.

One of the main benefits of this account is that it offers free ATM withdrawals at all ATMs on RBC’s network across the country. You’ll need to pay fees to RBC for taking money out at non-RBC ATMs. However, you’ll get reimbursed for non-RBC ATM withdrawals up to three times per month as a feature of this account.

What other chequing options does RBC offer?

RBC offers a number of other chequing accounts depending on your preferences. These include the following:

  • RBC VIP Banking Account. This account offers unlimited transactions, free ATM withdrawals, premium credit card rebates (up to $120) and free overdraft protection. It comes with a monthly fee of $30.
  • RBC No Limit Banking Account. The RBC No Limit Banking Account comes with unlimited free transactions and free Interac e-Transfers. It’s a very simple account that costs $10.95 per month to maintain.
  • RBC Day to Day Banking Account. This is RBC’s bare-bones account. It includes 12 free monthly debits and costs only $4 per month to activate. That said, it doesn’t provide many benefits and may not be the best fit if you have complex banking needs.

Compare with other chequing accounts

Name Product Interest Rate Account Fee Debit Transactions Interac e-Transfer Transactions
Coast Capital Free Chequing, Free Debit, and More Account
$1.50 each
Customers in British Columbia can earn a $350 sign up bonus. Terms and conditions apply.
Scotiabank Preferred Package
$16.95 per month ($0 if requirements met)
For a limited time, earn a $300 welcome bonus and up to 0.55% interest on your MomentumPLUS Savings Account. Valid until December 16, 2021
Scotiabank Ultimate Package
$30.95 per month ($0 if requirements met)
Earn up to $350 in benefits and savings. Plus, for a limited time, earn up to 0.60% on your MomentumPLUS Savings Account. Valid until December 16, 2021
Scotiabank Basic Plus Bank Account
$11.95 per month ($0 if requirements met)
25 free per month
Pay no monthly account fee by maintaining a minimum daily closing balance of $3,000 for the entire month.
Scotiabank Student Banking Advantage Plan
Open an account and earn $60 plus a chance to win $30,000. Terms apply. Apply by October 31, 2021.
Scotiabank Basic Bank Account
$3.95 per month
12 free per month
With a low monthly account fee, you can choose between earning points toward the SCENE or Scotia Rewards reward programs.

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How do I open an RBC Signature No Limit Banking Account?

Eligibility requirements

To apply for an RBC Signature No Limit Banking 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 a branch in person to speak to a teller. You’ll also be able to make free transfers between accounts or send money back and forth using unlimited free Interac e-Transfers.

To put money into your account, you’ll need to deposit a cheque or a lump sum of cash. You may also want to transfer money in from an external account to load up your RBC Signature No Limit Banking Account with funds.

Expert review

The RBC Signature No Limit Banking Account is a mid-level chequing account that offers a nice array of benefits. It’s best-suited for customers who do a fair amount of banking and want free unlimited withdrawals, credit card rebates and other exclusive perks. Just be aware that this account comes with a monthly fee of $15.95, which can put a dent in your pocketbook unnecessarily if you don’t plan to use all of its benefits.

Frequently asked questions about the RBC Signature No Limit Banking Account

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