TD vs RBC 2026: Which Is Better?

Side-by-Side

TD vs RBC — Feature Comparison

Every major feature compared. Green cells indicate the better value.

	TD	RBC
Signup Bonus	None (occasional $200–$400 promos)	None (occasional $200–$400 promos)
Monthly Fee	$10.95–$29.95/month	$10.95–$30.00/month
Cash Back	Via TD credit cards	Via RBC Avion and Cashback credit cards
Credit Check	Hard credit check	Hard credit check
Savings Interest	0.01–0.05% standard	0.01–0.05% standard
Credit Building	Yes — credit card products	Yes — extensive credit card products
Mobile App	⭐⭐⭐⭐½ (4.4 App Store)	⭐⭐⭐⭐½ (4.5 App Store)
CDIC Protected	Yes — CDIC member	Yes — CDIC member

Deep Dive

Pros & Cons

The key strengths and weaknesses of each account.

TD

Canada's most convenient bank with longest branch hours

Pros

Longest branch hours of any bank
Largest ATM network in Canada
Excellent TD credit card lineup
Strong mobile banking app
CDIC insured
US banking integration (TD Bank USA)

Cons

Monthly fees up to $30
No free signup bonus
Low savings interest
Fees add up for light users

RBC

Canada's largest bank by assets

Pros

Canada's largest bank
Excellent RBC Avion travel rewards
Strong international banking
WestJet and British Airways partnerships
CDIC insured
Comprehensive wealth management

Cons

Monthly fees up to $30
No free signup bonus
Low savings rates
Feels less innovative vs. fintechs

Our Verdict

Which Is Better: TD or RBC?

🏆 Winner: TD

TD wins for most Canadians in 2026

Both TD and RBC have their strengths. TD is the better fit for most Canadians, but your choice depends on your specific needs.

Signup bonus: Neither TD nor RBC offers a significant cash bonus — consider KOHO ($80 free) or Neo ($50 free) instead.
Monthly fees: Both TD and RBC offer comparable fee structures.
Savings interest: TD offers 0.01–0.05% standard vs. RBC's 0.01–0.05% standard.
Mobile app: TD rates ⭐⭐⭐⭐½ (4.4 App Store) vs. RBC's ⭐⭐⭐⭐½ (4.5 App Store).

Get Started

Open Your Account Today

Compare both options and claim any available signup bonuses below.

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TD

Bonus: None (occasional $200–$400 promos)
Fee: $10.95–$29.95/month

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Open Account

RBC

Bonus: None (occasional $200–$400 promos)
Fee: $10.95–$30.00/month

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FAQ

TD vs RBC: Common Questions

Is TD better than RBC in 2026?

It depends on what you need. TD (Canada's most convenient bank with longest branch hours) vs RBC (Canada's largest bank by assets). For a signup bonus, TD offers None (occasional $200–$400 promos) while RBC offers None (occasional $200–$400 promos). For monthly fees, TD charges $10.95–$29.95/month vs RBC's $10.95–$30.00/month. See the full comparison table above for a complete breakdown.

Does TD or RBC offer a signup bonus?

TD signup bonus: None (occasional $200–$400 promos). RBC signup bonus: None (occasional $200–$400 promos). If neither offers a cash bonus, consider also opening KOHO (code 45ET55JSYA for $80 free) or Neo Financial (code J4C9H3K5 for $50 free) — the two biggest free bonuses available to Canadians right now.

Are TD and RBC CDIC insured?

TD: Yes — CDIC member. RBC: Yes — CDIC member. CDIC coverage protects deposits up to $100,000 per category at member institutions. Always verify current coverage details on the CDIC website.

Can I have both TD and RBC accounts at the same time?

Yes — there is no rule preventing Canadians from holding multiple bank accounts simultaneously. Many people keep one account for savings and another for spending. You can open both TD and RBC to take advantage of each account's best features.

What is the monthly fee for TD vs RBC?

TD monthly fee: $10.95–$29.95/month. RBC monthly fee: $10.95–$30.00/month. Monthly fees are one of the biggest differences between accounts — even $15/month adds up to $180/year.

Which has better cash back: TD or RBC?

TD cash back: Via TD credit cards. RBC cash back: Via RBC Avion and Cashback credit cards. Cash back rates can vary significantly depending on spending categories. Check each bank's current promotions as rates change.

TD vs RBC in 2026