RBC Royal Bank vs BMO Harris Bank
RBC Royal Bank
BMO Harris Bank
Total Assets
$1.0 billion
RBC Royal Bank
$206.0 million
BMO Harris Bank
Digital Banking
4.0/5
RBC Royal Bank
4.2/5
BMO Harris Bank
Customer Service
4.1/5
RBC Royal Bank
4.1/5
BMO Harris Bank
Best Savings Rate
1.10%
RBC Royal Bank
0.30%
BMO Harris Bank
Detailed Comparison
Checking Account Comparison
RBC Royal Bank Checking Accounts
| Account | Monthly Fee | Min Balance | Overdraft Fee |
|---|---|---|---|
| RBC Signature Checking | $22 | $5,000 | $45 |
BMO Harris Bank Checking Accounts
| Account | Monthly Fee | Min Balance | Overdraft Fee |
|---|---|---|---|
| Smart Advantage Checking | $10 | $1,500 | $36 |
Savings Account Comparison
RBC Royal Bank Savings Accounts
| Account | APY | Type | Monthly Fee |
|---|---|---|---|
| RBC High Interest Savings | 1.10% | Savings | $10 |
BMO Harris Bank Savings Accounts
| Account | APY | Type | Monthly Fee |
|---|---|---|---|
| Statement Savings | 0.30% | Regular | $5 |
APY Comparison
Annual Percentage Yield (APY) shows the effective annual yield accounting for compound interest. Higher APY means more earnings on your deposits. Rates are accurate as of 6/24/2025 and may change based on market conditions.
Credit Card Comparison
RBC Royal Bank Credit Cards
| Card | Annual Fee | APR Range | Rewards |
|---|---|---|---|
| RBC Avion Visa Travel | $120 | 12.49% - 19.49% | N/A 20000 |
BMO Harris Bank Credit Cards
| Card | Annual Fee | APR Range | Rewards |
|---|---|---|---|
| Elite Mastercard Rewards | No annual fee | 15.99% - 25.99% | 1% cashback 10,000 points |
Mortgage Comparison
RBC Royal Bank Mortgage Products
| Mortgage Type | Interest Rate | APR | Term |
|---|---|---|---|
| 30-Year Fixed | 3.75% | 3.88% | 30 years |
BMO Harris Bank Mortgage Products
| Mortgage Type | Interest Rate | APR | Term |
|---|---|---|---|
| 15 Year Fixed | 6.00% | 6.15% | 15 years |
Rate Information
Mortgage rates are subject to change based on market conditions and individual financial profiles. APR includes the interest rate plus other costs such as origination fees, discount points, and other closing costs. Contact each lender for personalized quotes based on your specific situation.
Strengths and Weaknesses
RBC Royal Bank
Strengths
- Superior customer service
- Larger branch network
- More ATM locations
- Higher savings account rates
Weaknesses
- Higher fees compared to competitors
BMO Harris Bank
Strengths
- Excellent digital banking experience
- Superior customer service
- More competitive fee structure
Weaknesses
- Smaller branch network
- Fewer ATM locations
- Lower savings account rates
Which Bank is Right for You?
Choosing between RBC Royal Bank and BMO Harris Bank depends on your specific banking needs and preferences. Here's a quick guide to help you decide:
Choose RBC Royal Bank if you value:
- Access to more physical branch locations
- Wider ATM network
- Higher interest rates on savings
Choose BMO Harris Bank if you value:
- Higher overall customer satisfaction
- Better digital banking experience
- Lower fees and account costs
Customer Profile Considerations
RBC Royal Bank might be better for:
- • Customers who prefer in-person banking
- • Savers looking for higher yields
BMO Harris Bank might be better for:
- • Fee-conscious customers
- • Tech-savvy customers
Ready to Open an Account?
Compare specific account options from these banks
Rate Comparison Tools
Use our comparison calculators to see which bank offers better returns on your deposits or lower costs on loans.
Compare RatesRead User Reviews
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