RBC Flex Account Package
Chequing
Description:
The RBC Flex Account Package is designed for businesses that opt for a combination of digital and in-branch banking. This account package provides the flexibility and choice to bank according to one’s preferences, all while maintaining a low monthly fee.
Comments on Funding:
This account offers the following features and benefits:
a) Monthly fee: $7.00;
b) Account Transactions:
b.1 Unlimited deposited items;
b.2 Unlimited Moneris deposits.
c. Withdrawals and Transfers:
c.1 Electronic deposits: $0.75 each;
c.2 Paper transactions: $1.25 each;
c.3 Send Interac e-Transfer: $1.50 each;
c.4 Cash deposits:
i. $2.50 per $1,000 (branch);
ii. $2.25 per $1,000 (ATM);
iii $2.25 per $1,000 (Night and Day).
d. Account Statement Fees:
d.1 Electronic: No charge;
d.2 Paper statement without images: $4.00;
d.3 Paper statement with images: $5.00.
Benefits:
1. Lower transaction fees;
2. Preferred pricing on cash deposits;
3. Only pay for what you use.
4. Instant Fuel Savings at Petro-Canada;
5. Services beyond banking: getting access to special offers;
6. Save money and earn Avion points faster with offers customized to your business.
Continuous Intake
Eligibility:
businesses that:
1. have 5 to 75 paper transactions per month;
2. want to keep their fixed monthly fee low and only pay for what they use;
3. need the flexibility to bank both digitally and in-branch..
Application Steps:
To open this account, applicants must:
1. start the application online or call 1-844-275-7778;
2. be asked to visit a branch to verify their documentation, once application is completed;
3. The account is all set up and ready to use.
Documentation Needed:
Applicants must provide:
1. One of three Government-issued IDs, such as a Canadian Passport, Canadian Driver’s Licence or Canadian Permanent Resident Card;
2. A business registration document, such as Articles of Incorporation, Certificate of Existence or Master Business License.
Other Things to Note:
Standard fee of $0.22 per item deposited (such as cheques and drafts) via an RBC Branch, RBC ATM, RBC Mobile Cheque Deposit or Night and Day Deposit does not apply to this account package. Fees relating to processing an electronic credit or paper deposit to the account still apply, unless otherwise included.
About the author
Maurice
