Interest rates paid on cash balances or charged on debit balances are subject to change without notice.
G. I. C. & Bond Rates
View our competitive rates, plus highlights from our G. I. C. and bond inventories.
Learn More about G. I. C. and Bond RatesMargin Rates
Take advantage of competitive interest rates on margin account loans.
Learn More about Margin RatesForeign Rates
The foreign currency conversion rate that appears on your trade confirmation and/or account statement includes the spread that we or our affiliates earn for performing foreign currency transactions for you. Spread is the difference between the rate we or our affiliates obtain and the rate you receive. The foreign currency conversion rate and the spread will depend on a number of factors, including market terms and conditions as well as the amount, date and type of foreign currency transaction.
Generally, the foreign exchange spread rates we or our affiliates obtain for USD-CAD transactions is described below, except for the spread for issuer entitlements that you receive in your account (such as dividends and interest) is 60 bps (0.50%Legal Disclaimer footnote 21). Where a trade is conducted in securities denominated in a currency other than the currency of your account (Trade FX), rather than a cash conversion (Straight FX), the lowest spread is capped at the $75,000.01 to $500,000 tier.
Spread is subject to change without notice. For clarity, the below is not the foreign currency conversion rate.
| Transaction Amount (USD) | Spread (bps) | Spread (%)Legal Disclaimer footnote 21 |
|---|---|---|
| $0 to $24,999 | 210 | 1.60% |
| $25,000 to $74,999 | 130 | 1.00% |
| $75,000 to $499,999 | 75 | 0.60% |
| $500,000 to $999,999 | 50 | 0.40% |
| $1,000,000 to $1,999,999 | 25 | 0.20% |
| $2,000,000.01 plus | No more than 10 bps | 0.10% |
“Can I practice investing before I invest real money?”
Try out online investing risk-free with a Practice Account. You'll have the same online experience as you would with a real account
Practice Accounts
“I have questions. Can I talk to someone?”
Absolutely. We’re available Monday – Friday from 7 am to 8 pm ET.Legal Disclaimer footnote 20 Call us toll–free at: 1-800-769-2560
Investment Services RepresentativeStart Investing Today
Complete your application online in minutes - it's fast, secure and easy.
Get Started
Legal Disclaimer footnote
There may be commissions, trailing commissions, investment fund management fees and expenses associated with investment fund and exchange-traded fund (ETF) investments. On or after June 1, 2022, any trailing commissions paid to RBC Direct Investing Inc. will be rebated to clients pursuant to applicable regulatory exemptions. Before investing, please review the applicable fees, expenses and charges relating to the fund as disclosed in the prospectus, fund facts or ETF facts. Mutual funds and ETFs are not guaranteed, their values change frequently and past performance may not be repeated. For money market funds there can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you.
Legal Disclaimer footnote 1)
All RBC Direct Investing clients pay $9.95 flat CDN or U.S. per equity trade with no minimum account balance or trading activity required. $6.95 flat CDN or U.S. per equity trade when you trade 150 times or more per quarter. This pricing only applies to trades placed through an available Automated Service (as such term is defined in RBC Direct Investing’s Operation of Account Agreement), including the online investing site and mobile application. Additional terms and conditions apply. Visit www.rbcdirectinvesting.com/lowtrades or call 1-800-769-2560 for complete details.
Legal Disclaimer footnote 2)
Where multiple trade orders are placed on the same day, for the same security and on the same side of the market (i.e. all buy orders or all sell orders), each individual order is subject to the applicable commission rate and is counted as a separate trade. All commissions are charged in the currency in which the security is denominated. Where multiple fills over multiple days are required for the same order, commissions will apply to the order for each separate day the fill is completed.
Legal Disclaimer footnote 3)
“Stocks” or “stock” as used in this Commissions and Fees Schedule includes any type of security traded on an exchange or in another marketplace.
Legal Disclaimer footnote 4)
For option assignments and exercises the investment services representative equity rates apply.
Legal Disclaimer footnote 5)
Mutual fund companies may assess additional fees — for example, deferred sales charges on back-end load funds, early redemption fees, setup fees and fees for insufficient funds on pre-authorized purchases.
Legal Disclaimer footnote 6)
Switch orders are only permitted within the same family of funds and load types.
Legal Disclaimer footnote 7)
All commissions are charged in the currency in which the security trades. Commission for listed debentures is charged according to the Stocks Commission Schedule. For GICs, DI receives a one-time payment based on the amount and term of the GIC.
Legal Disclaimer footnote 8)
There is no quarterly maintenance fee charged if your combined assets are $15,000 or more across all of your RBC Direct Investing accounts. If your combined assets are less than $15,000 across all of your RBC Direct Investing accounts, you will be charged one maintenance fee of $25 per quarter (split across all of your accounts). For full details please refer to the complete Commissions and Fees Schedule at www.rbcdirectinvesting.com/fees.
Legal Disclaimer footnote 9)
For clients with multiple positive balance accounts with RBC Direct Investing, the maintenance fee will be pro-rated such that the total maintenance fee on all accounts will add up to $25/quarter. For example, clients with two accounts will pay $12.50 per quarter per account, and clients with three accounts will pay $8.33 per quarter per account and so on. Clients can open a maximum of 10 accounts for a combined maintenance fee of $25/quarter. Additional maintenance fees will apply if a client opens more than 10 accounts. This fee will be assessed on client information as at the end of each quarter (March 31, June 30, September 30, December 31) and will be charged in April, July, October and January of every year.
Legal Disclaimer footnote 10)
Clients with Pre-Authorized Contributions (PAC) must have a net contribution of $300 or more for the quarter to qualify for the maintenance fee waiver.
Legal Disclaimer footnote 11)
A commission-paid trade is defined as a stock, exchange-traded fund or options order for which a commission has been charged.
Legal Disclaimer footnote 12)
There are two ways to qualify for the RBC Direct Investing Royal Circle program. The average of the month-end balances from the past four months must be at least $250,000 per client, or a client’s equity commissions must be greater than $5,000 annually. Membership in Royal Circle is reviewed annually to ensure the qualification criteria are met. RBC Direct Investing reserves the right to alter the benefits at anytime and to remove clients who no longer qualify for the program, without prior notification.
Legal Disclaimer footnote 13)
Eligible RBC student clients with an RBC Advantage Banking for students account (RBC Student Banking account and/or RBC No Limit Banking for Students account) and who also have an RBC Direct Investing account are eligible to receive a waiver of the RBC Direct Investing account quarterly maintenance fee (the “Fee Waiver”). (Note: Effective April 27, 2021, the RBC Student Banking and RBC No Limit Banking for Students accounts are no longer available for sale. However, eligible student clients who opened either of these account types prior to April 27, 2021 may still receive the Fee Waiver if they meet all other applicable criteria.) The Fee Waiver will apply: i) while the client is an RBC student client; and ii) for five years after the client ceases to be a RBC student client, as long as any personal deposit account is maintained with RBC Royal Bank. In the case of RBC Direct Investing joint accounts, the Fee Waiver will be allowed for the younger of the joint account holders only, based on the dates of birth we have in our records for such joint accountholders.
Legal Disclaimer footnote 14)
Fees will be charged in the currency of the transaction.
Legal Disclaimer footnote 15)
Any out-of-pocket expenses (e.g. courier charges) incurred by RBC Direct Investing will be charged in addition to the fee specified.
Legal Disclaimer footnote 16)
Clients may hold restricted/private shares on an exception-only basis and only as permitted by RBC Direct Investing, in its sole discretion.
Legal Disclaimer footnote 17)
Includes certificates for estates, guardianship, corporate name change, general power of attorney, transfer, trust agreement, bankruptcy and committee.
Legal Disclaimer footnote 18)
Debit interest on exercise cost accrues from the day the funds are sent to the company to the day the shares are received. Regular commission fees on the sale of shares will apply, plus any applicable out-of-pocket expenses charged by the company or its transfer agent.
Legal Disclaimer footnote 19)
The estate account processing fee is waived if it is a Joint with Rights of Survivorship (JWROS) account.
Legal Disclaimer footnote 20)
Hours may differ on holidays.
Legal Disclaimer footnote 21)
Calculated for demonstration purposes only and rounded to the nearest tenth. RBC Direct Investing uses basis points for foreign currency exchange conversions. The figures shown are based on the USD/CAD Bank of Canada Annual Exchange Rate(opens to external site) (for the 2022 calendar year).
