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RBC creating greater access to banking services for Indigenous Peoples with no monthly fee bank account now available for First Nations, Inuit and Métis
RBC creating greater access to banking services for Indigenous Peoples with no monthly fee bank a...
About this update from Royal Bank Of Canada
[{"type":"text","content":"RBC creating greater access to banking services for Indigenous Peoples with no monthly fee bank account now available for First Nations, Inuit and Métis\n\n\n\n RBC creating greater access to banking services for Indigenous Peoples with no monthly fee bank account now available for First Nations, Inuit and Métis\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n\n Industry-leading action opens greater access to banking services\n \n\n\n\n\n\n No monthly fee accounts also available for eligible seniors, youth under age 25, newcomers and RDSP beneficiaries\n \n\n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n Aug. 21, 2025\n \n\n /CNW/ - A no monthly fee bank account is now available for Indigenous Peoples across\n \n Canada\n \n , as one of RBC's first steps to deliver on its inaugural\n \n\n Reconciliation Action Plan: Pathways to Economic Prosperity\n \n\n .\n \n\n Published in\n \n June 2025\n \n , the\n \n Reconciliation Action Plan\n \n was developed by RBC's Indigenous markets enterprise strategy team,\n \n RBC Origins\n \n , in partnership with teams across RBC and Indigenous-owned and -led consulting firm BOOMInterTribal. The plan is based on insights from more than 400 First Nations, Inuit and Métis communities, employees and business owners.\n \n\n \"During our extensive engagement process, we heard about the unique systemic barriers and disproportional cost impacts that Indigenous Peoples face when seeking banking services. No monthly fee accounts are one of the cornerstones of those services,\" noted\n \n Chinyere Eni\n \n , Head of\n \n RBC Origins\n \n .\n \n\n \"Our new no monthly fee account will help provide greater access to banking services and advice, as well as a path to financial independence for more First Nations, Inuit and Métis, opening up their access to capital and participation in the economy,\" added Eni. \"Given how essential financial access is and the unique barriers Indigenous communities face with full economic participation, we have moved forward with pace to offer greater core banking ...