In this video, we take a look at the financial products offered by RBC in 2024, and discuss why RBC is the most over-rated bank in Canada in 2024.
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This RBC bank review takes a look at all the various offerings from RBC. We start by discussing why the RBC savings account and the RBC checking account are far from the best bank account in Canada 2024. We then discuss how the RBC credit card offerings fall short in comparison with the best credit cards 2024 Canada. Following that, we discuss which of the Royal Bank of Canada products are actually quite good; this mostly pertains to their RBC business accounts, which are surprisingly competitive with the other best business banks accounts Canada 2024.
All in all, the low interest rates, high monthly fees, and lack of any outstanding RBC credit card or Royal Bank of Canada debit card, leads us to the conclusion that RBC is simply the most over-rated bank in the country.
If you are an RBC customer, it is highly encouraged that you look into the EQ Bank savings account, the Tangerine and Simplii Financial chequing accounts, and the Simplii Financial and AMEX no fee credit cards. Chances are, you will find much better financial products from these financial institutions and banks, and you may be able to get much better bank for your buck going forward.