What happens to RBC Advantage Banking after the newcomer first year?
RBC currently waives the RBC Advantage Banking monthly fee for eligible newcomers for the first 12 months. After that period, the standard monthly fee is charged unless another applicable RBC rebate reduces it.
Short answer
RBC currently waives the RBC Advantage Banking monthly fee for eligible newcomers for the first 12 months. After that period, the standard monthly fee is charged unless another applicable RBC rebate reduces it.
RBC currently lists the standard Advantage Banking fee at $12.95 per month, with separate Value Program rebate conditions.
Current numbers to know
- Newcomer fee waiver: first 12 months.
- Standard monthly fee afterward: $12.95.
- RBC rebates are condition-based rather than a simple $4,000 balance rule on this account.
What this can cost over time
If the account is kept unchanged after the newcomer waiver, its current modeled recurring fee is based on a 12-month newcomer fee waiver followed by a standard monthly fee of $12.95. Use the bank-specific calculator to model one through five years rather than focusing only on the introductory period.
RBC newcomer account fee calculator →
Why this matters for newcomers
Introductory banking terms are temporary. A useful comparison separates the newcomer waiver from the normal account structure that follows it. The same principle applies to credit: having no Canadian credit file does not automatically mean you need to pay an annual fee, lock up a security deposit or accept the first product offered.
Official source
Related CanadaStarter tools
Newcomer Bank Fee Calculator →
Credit Utilization Calculator →
Credit Cards With No Canadian Credit History →
2026 Newcomer Banking Cost Study →
Terms checked September 12, 2026. Provider pricing and eligibility can change; verify the official source before applying or changing accounts.