What are the options for opening a business account with RBC?

Royal Bank of Canada offers various options for individuals and businesses looking to open a business account. They provide specific accounts tailored to meet the diverse needs of small, medium, and large enterprises. Business accounts typically include features such as checking accounts, savings accounts, and special accounts for businesses involved in non-profit activities. To begin, individuals can choose from the RBC Business Administrator account, which caters to small business owners by offering unlimited transactions and essential banking services. Another option is the RBC Business Additional account, which is ideal for businesses that require additional accounts for operational needs. For businesses looking for a flexible savings option, the RBC Business Savings account allows companies to earn interest on their deposits while maintaining easy access to their funds. Additionally, RBC provides specialized accounts for specific industries, such as agriculture and health care, ensuring that clients receive tailored solutions. The process of opening a business account typically involves gathering necessary documentation, including proof of identity, business registration information, and details regarding business ownership. It is advisable for interested individuals to visit the RBC website, where they can find comprehensive information about each type of business account, explore account features, and review any fees that may be associated with maintenance and transactions. The website also provides contact information should further assistance be required during the account opening process.