Student banking
Banking for Professional Students ­—
Graduate Business Studies
Whether you’re looking for value, flexibility or
the ability to save for the future, RBC Royal Bank®
offers a variety of accounts, credit cards, lending
products and investment solutions that help you
manage your money. And lets you focus on
what’s important — your studies.
The Royal Credit Line® for Students
As a student in a graduate business studies program,
you know that education can be expensive. Even
with a government student loan, you’re likely to be
facing higher tuition fees and more costly course
materials than other students.
That’s where the Royal Credit Line for Students
comes in. Available to full- and part-time students
who need to finance their studies, it allows you to
take charge of your cash needs in a way that fits
your lifestyle.
A different kind of student loan
The Royal Credit Line for Students is different from
a regular loan. A regular loan requires you to borrow a
lump sum of cash up front and make payments of
interest and principal on the entire loan. The Royal
Credit Line for Students lets you borrow funds as
you need them and pay interest only on the
amount you use, without ever having to reapply.
You get all the convenience and benefits with
no annual fee.
2 Student banking
Remember, you will need to show your Confirmation of
Enrollment at the beginning of each school year.
The Royal Credit Line for Students
is the optimal way to help pay for
what you need at school
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great rate: As a student pursuing graduate business
studies, you may qualify for up to a $100,000 credit limit
at a preferential student rate. This rate applies while you are
at school and for a 12-month grace period after graduation.
Graduate business studies program
Maximum limit
MBA and EMBA
$90,000
MBA – JD Law
$100,000
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– We will automatically convert your line of credit into a
repayment loan with a fixed monthly payment, based on
your outstanding balance, and no change to your rate; or
– Ask us how to set up a new line of credit at a competitive
interest rate and transfer your outstanding balance.
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F lexibility: The Royal Credit Line for Students is designed
to cater to your special needs. While at school you can:
– Pay as little as interest only each month;
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– Pay as much as you can afford each month;
– Pay down the entire amount whenever you like without
penalties. You may, for example, wish to use income from
a part-time or summer job to pay off your line of credit,
which will help you graduate with minimal student debt.
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epayment: Repayment does not start until 12 months
after graduation. RBC Royal Bank gives you options
when repaying your line of credit:
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E stablish your credit rating: We allow students to be the
primary borrower, which gives you the opportunity to
establish a credit rating — key to receiving the future
credit you’ll need when you’ve completed school.
A co-signer may be required.
A
ccess to funds 24/7: Pay for tuition, books — whatever
you need — with quick and easy access to your funds
by writing a cheque or withdrawing funds from any
RBC Royal Bank ATM, or transfer funds using
RBC Online Banking1 or the RBC Mobile Banking App1.
Tracking convenience: Every month, you’ll receive
itemized monthly statements to help with budgeting.
As an RBC Royal Bank client, you also have access to
myFinanceTrackerTM, which automatically tracks
your expenses and creates budgets in minutes through
easy-to-read pie charts, graphs and calendars.
O
ptional LoanProtector® insurance: Optional group creditor
insurance2 can help protect you when you need it most by
providing life and disability coverage on the outstanding
balance of your Royal Credit Line.3
Student banking —
­ Graduate Business Studies 3
Better student banking
As a graduate student pursuing a professional
designation, you’re taking on more responsibilities
than ever before. Not just in terms of your studies, but
financially as well. That’s where RBC Royal Bank can help.
We can sit down with you to put in place the banking
products and services that can help look after your
unique financial and day-to-day banking needs.
Get the most from your credit card
Whether you prefer cash back or RBC Rewards® points that
can be redeemed for travel, merchandise, gift cards or other
rewards, we have a card that will give you what you need
and more. An RBC Royal Bank credit card offers you a handy
way to pay for day-to-day expenses while building a credit
history — and getting rewards.
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RBC Student Banking® account
We make it easy to manage your money. As a full-time
student, you can bank with no monthly fee with an
RBC Student Banking account4. With this account, you’ll get:
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p to a $39 rebate on the annual fee of any eligible
RBC Royal Bank credit card6
F
ree access to myFinanceTracker through
RBC Online Banking1, where you can track your
spending and set savings goals
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onvenient access to Canada’s largest combined
network of branches and ATMs
If you want unlimited transactions, this is the account for
you. With this account, you’ll get everything included in
the RBC Student Banking account, plus:
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5 free debit transactions per month5
RBC No Limit Banking for Students®
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Unlimited debit transactions for a low monthly fee
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o monthly fee banking with MultiProduct Rebate® —
with a qualifying investment and a credit card, you
could enjoy the RBC No Limit Banking for Students
account with no monthly fees
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p to a $39 rebate on the annual fee of any eligible
RBC Royal Bank credit card with an RBC Student
Banking account
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eceive a $39 rebate on the annual fee of the Signature®
RBC Rewards Visa‡ card or up to a $39 rebate on the fee
of any other eligible RBC credit card each year with an
RBC Student Banking account6
E
arn valuable RBC Rewards points with every dollar you
spend in purchases charged to your credit card7
R
edeem points for travel, merchandise, gift certificates/
cards, RBC Financial Rewards® vouchers and more
P
rotect your purchases with complimentary Purchase
Security and Extended Warranty8, included with all
RBC Royal Bank credit cards for students
Savings and investment options
RBC Direct Investing™ for more investment options
At RBC®, we offer several options to help you meet your
financial goals:
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avings products, including RBC High Interest eSavings®
and RBC US High Interest eSavings® accounts
I nvestment services, including Tax-Free Savings Accounts
and RRSPs
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I nvestment products, including GICs and mutual funds
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referred interest rates and flexible investment terms
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To learn more about our offerings for professional
students or to apply, visit our UBC store:
RBC Royal Bank
UBC Wesbrook Village Store
5905 Berton Avenue
Vancouver, B.C. V6S 0B3
604-221-5708
Hours of business:
Monday – Thursday:9:30 a.m. – 5:00 p.m.
Friday: 9:30 a.m. – 6:00 p.m.
Saturday: 9:00 a.m. – 4:00 p.m.
O
pen an RBC Direct Investing account as a professional
student and automatically have the RBC Direct Investing
quarterly maintenance fee waived — an annual savings
of $100
hoose from a wide selection of investment choices that
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include stocks, mutual funds, GICs and exchange-traded
funds (ETFs)
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ccess innovative tools for researching investment
opportunities and building and monitoring your portfolio
Take advantage of free Practice Accounts, available to
RBC Direct Investing and RBC Online Banking clients
Your Professional Student Banking Specialist can
sit down with you one-on-one and put a plan in
place that helps you live stress-free, knowing you
are in control of your finances.
Peter Chan I 604-221-5718
[email protected]
Fiona Gao I 604-221-5721
[email protected]
Da-Ke Zhao I 604-221-5736
[email protected]
® / ™ Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada.
‡
All other trademarks are the property of their respective owner(s).
1
RBC Mobile Banking and RBC Online Banking are provided by Royal Bank of Canada. You will need access to Online Banking to be able to use the Mobile Banking App.
2
You must be working a minimum of 20 hours per week to qualify for disability protection.
3
You can pay the outstanding balance of your Royal Credit Line account in the event of death or monthly payments of 3% of your qualifying balance for up to 60 months in
the event of disability.
4
RBC Student Banking and RBC No Limit Banking for Students accounts are available to any full-time student upon presentation of student identification.
5
Debit transactions are counted by Monthly Cycle, which is the monthly period we assign to your account based on the first letter of your last name and, if this is a joint
account, by the first letter of the last name of the Primary Owner.
6
Subject to credit approval. If you are a post-secondary student and an owner or co-owner of an RBC Student Banking or RBC No Limit Banking for Students account (each, an
Eligible Student Bank Account) and the primary cardholder of one eligible RBC Royal Bank credit card, the annual fee of your credit card may be rebated, every year. Some
conditions and restrictions apply. To get a list of eligible cards, please visit www.rbc.com/studentcards.
7
RBC Rewards points are earned on net purchases only; they are not earned on cash advances (including RBC Royal Bank credit card cheques, balance transfers, cash-like
transactions and bill payments that are not pre-authorized charges that you set up with a merchant), interest charges or fees, and credits for returns and adjustments will
reduce or cancel the points earned by the amounts originally charged.
8
Coverage underwritten by RBC General Insurance Company in the province of Quebec and by RBC Insurance Company of Canada in the rest of Canada.
Personal Lending Products are provided by Royal Bank of Canada and are subject to standard lending criteria. LoanProtector insurance is underwritten by The Canada Life
Assurance Company and is subject to terms, conditions, exclusions and eligibility restrictions. Please see the LoanProtector booklet for full details and eligibility restrictions.
RBC Direct Investing Inc.* and Royal Bank of Canada are separate corporate entities which are affiliated. RBC Direct Investing Inc. does not provide investment advice or recommendations
regarding the purchase or sale of any securities. Investors are responsible for their own investment decisions. RBC Direct Investing is a business name used by RBC Direct Investing
Inc. * Member–Canadian Investor Protection Fund. VPS83779
103513 (06/2013)