RBC Royal Bank vs Scotiabank

A head-to-head on the metrics that decide it — Trust Score, all-in cost, approval odds and speed. Every value is sourced; no pay-to-rank.

Higher Trust Score

RBC Royal Bank

52/100

Lower all-in cost

Scotiabank

$5,964/yr

Faster to open

RBC Royal Bank

9 days

Best value per row highlighted · ◆ = Bankz pick

Best overall for you ↓	RBC Royal Bank RBC Digital Choice Business Account C	Scotiabank Scotiabank Select Business Account C
Trust & fit
Trust Score (for you)	52◆ pick	50
Approval probability	~60%◆ pick	~58%
Match Score	58◆ pick	58
Cost (all-in)
Monthly fee	AED 6◆ pick · 56%RBC Royal Bank — Business Bankinghttps://www.rbcroyalbank.com/business/index.htmlSource class: website · reliability 80%Last verified 10d agoTiered plans; monthly fee waivable on higher balances.	AED 7 Scotiabank — Business Bankinghttps://www.scotiabank.com/ca/en/small-business.htmlSource class: website · reliability 80%Last verified 10d agoIndicative — verify with the institution before applying.
Effective FX spread	2.5%◆ pick RBC Royal Bank — Business Bankinghttps://www.rbcroyalbank.com/business/index.htmlSource class: website · reliability 80%Last verified 10d agoIndicative — verify with the institution before applying.	2.5% Scotiabank — Business Bankinghttps://www.scotiabank.com/ca/en/small-business.htmlSource class: website · reliability 80%Last verified 10d agoIndicative — verify with the institution before applying.
Int’l wire (out)	AED 45 RBC Royal Bank — Business Bankinghttps://www.rbcroyalbank.com/business/index.htmlSource class: website · reliability 80%Last verified 10d agoIndicative — verify with the institution before applying.	AED 40◆ pick Scotiabank — Business Bankinghttps://www.scotiabank.com/ca/en/small-business.htmlSource class: website · reliability 80%Last verified 10d agoIndicative — verify with the institution before applying.
Min balance	AED 0◆ pick · 56%RBC Royal Bank — Business Bankinghttps://www.rbcroyalbank.com/business/index.htmlSource class: website · reliability 80%Last verified 10d agoIndicative — verify with the institution before applying.	AED 0 · 56%Scotiabank — Business Bankinghttps://www.scotiabank.com/ca/en/small-business.htmlSource class: website · reliability 80%Last verified 10d agoIndicative — verify with the institution before applying.
Modeled all-in annual	$6,312	$5,964◆ pick
Speed
Median opening time	9 days◆ pick Bankz analyst desk — Canada (manual verification)Source class: human · reliability 90%Last verified 10d agoIndicative — verify with the institution before applying.	11 days Bankz analyst desk — Canada (manual verification)Source class: human · reliability 90%Last verified 10d agoIndicative — verify with the institution before applying.
Eligibility
Non-resident accepted	No RBC Royal Bank — Business Bankinghttps://www.rbcroyalbank.com/business/index.htmlSource class: website · reliability 80%Last verified 10d agoIndicative — verify with the institution before applying.	No Scotiabank — Business Bankinghttps://www.scotiabank.com/ca/en/small-business.htmlSource class: website · reliability 80%Last verified 10d agoIndicative — verify with the institution before applying.
Capabilities
Multi-currency	Yes · 60%RBC Royal Bank — Business Bankinghttps://www.rbcroyalbank.com/business/index.htmlSource class: website · reliability 80%Last verified 10d agoIndicative — verify with the institution before applying.	Yes · 58%Scotiabank — Business Bankinghttps://www.scotiabank.com/ca/en/small-business.htmlSource class: website · reliability 80%Last verified 10d agoIndicative — verify with the institution before applying.
API / open banking	No RBC Royal Bank — Business Bankinghttps://www.rbcroyalbank.com/business/index.htmlSource class: website · reliability 80%Last verified 10d agoIndicative — verify with the institution before applying.	No Scotiabank — Business Bankinghttps://www.scotiabank.com/ca/en/small-business.htmlSource class: website · reliability 80%Last verified 10d agoIndicative — verify with the institution before applying.
Service & trust
Verified reviews	3.8/5◆ pick · 58%Bankz Verified Reviews — Canada (proof-of-use gated)Source class: user_report · reliability 72%Last verified 10d agoIndicative — verify with the institution before applying.	3.7/5 · 58%Bankz Verified Reviews — Canada (proof-of-use gated)Source class: user_report · reliability 72%Last verified 10d agoIndicative — verify with the institution before applying.
Compliance
Compliance reputation	88◆ pick · 70%Bankz Reputation Graph — Canada (registries + regulator actions)Source class: registry · reliability 86%Last verified 10d agoIndicative — verify with the institution before applying.	85 · 70%Bankz Reputation Graph — Canada (registries + regulator actions)Source class: registry · reliability 86%Last verified 10d agoIndicative — verify with the institution before applying.

Informational only — not financial advice. Verify all terms with the institution. Trademarks belong to their owners.