VERDICT
Royal Bank of Canada — banking, wealth management, and insurance - rbc.com
Depends. Choose RBC if you want one institution for Canadian banking, branch access, cross-border US accounts, and investing. Skip it if fees, service quality, or cheap trading matter most — online-first banks beat it there.
Medium. Based on ~25 public sources: consumer reviews, official RBC pages, and news. Snippets often truncated; numeric ratings mostly unavailable.
Monthly fee — see rates page
Day to Day Banking (chequing)
high
A Reddit user reported an RBC employee accessing their information
medium
Fee waivers have qualifying conditions; standard chequing carries monthly fees
medium
Existing customers reportedly get worse pricing than new ones
low
Direct Investing charges per trade; discount competitors charge less
Value for money: 2/5
Rating
Monthly fee — see rates page
Starting price
12
Sources
Analyzed
Monthly fee — see rates page
As low as $0/month
$9.95/trade
No known vulnerabilities found in the sources reviewed.
Sentiment is polarized: industry awards and satisfaction reports on one side, many Reddit threads about fees, service, and switching on the other.
“rbc is the worst bank ever”
“Leaving RBC after 20 years of banking. I'm switching to...”
“Ugh, I'm totally done with RBC”
Compare RBC (Royal Bank of Canada) with each alternative.
No-fee investing; popular switch destination from RBC Direct Investing
No-fee online chequing, Scotiabank-owned
CIBC's no-fee digital bank
High-interest, no-fee online banking
Based on ~25 public sources: consumer reviews, official RBC pages, and news. Snippets often truncated; numeric ratings mostly unavailable.
Canada's biggest bank: full-service, award-winning, but frequent fee and service complaints. Fee-averse users should look elsewhere.
Based on ~25 public sources: consumer reviews, official RBC pages, and news. Snippets often truncated; numeric ratings mostly unavailable.
Anonymous. You can change your vote.
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