RBC Direct Investing Account Types

　　RBC Direct Investing offers a variety of account types to cater to different investment needs, including:

• Registered Accounts:
• Tax-Free Savings Account (TFSA): Save for any goal with tax-free investment income and withdrawals.
• First Home Savings Account (FHSA): Save for your first home tax-free, with contributions and withdrawals exempt from taxes when used for a qualifying home.
• Registered Retirement Savings Plan (RRSP): Invest for retirement with tax benefits and tax-deferred growth on investments.
• Registered Retirement Income Fund (RRIF): Convert your RRSP to receive retirement income while enjoying tax-deferred growth.
• Registered Education Savings Plan (RESP): Save for a child's post-secondary education with tax-deferred growth and access to government grants.
• Non-Registered Accounts:
• Cash Account: A flexible, highly liquid account for easy access to your money.
• Margin Account: Borrow against the value of your investments to increase buying power, with potential for greater returns and risks.
• Non-Personal Accounts: Tailored accounts for corporations, partnerships, and other entities to manage investments.

　　For more details, visit: RBC Direct Investing - Account Types

　　

RBC Direct Investing Broker Account Opening Process

　　Opening an account with RBC Direct Investing is a straightforward process:

• Eligibility: Ensure you meet the eligibility requirements to open an account.
• Online Application:
• If you are an RBC client, sign in to your online banking to save time.
• Select the type of account you wish to open (TFSA, FHSA, RRSP, etc.).
• Complete the application form online, verifying your identity through the Interac® verification service.
• Transfer from Another Brokerage: If transferring an account, move $15,000 or more to receive reimbursement for up to $200 in transfer fees.
• In-Person Option: You can also visit an RBC Royal Bank branch or RBC Direct Investing Investor Centre to open an account in person.
• Security Guarantee: RBC offers a 100% reimbursement for any unauthorized transactions made through their online platform.

　　For more information on the opening process, visit: RBC Direct Investing - Open an Account