Is it safe to connect my RBC account to Lodavo?

Yes. You sign in through Plaid's secure connection, and Lodavo receives read-only access to your balance only. Lodavo never sees or stores your RBC sign-in, and it can never move money. Your funds stay in your RBC account the entire time.

Does Lodavo see my RBC transactions or move my money?

Lodavo only needs your account balance to award weekly draw tickets. It cannot move, hold, or withdraw money, and it cannot change anything about your RBC account. The access is read-only.

Which RBC account should I connect?

Connect any RBC chequing or savings account where you keep money set aside, and you can link more than one. A deposit-based TFSA works too. Lodavo cannot track an investment account like RBC Direct Investing yet, so pick a chequing or savings account where your money sits as cash.

Why won't my RBC account connect, and what can I do?

Most RBC connections work fine. With some two-step sign-in setups, though, the link may not go through. This is a known Plaid issue that is being worked on and is outside Lodavo's control. Try reconnecting, and if you bank elsewhere too, you can link another deposit account in the meantime.

Will connecting RBC to Lodavo affect my RBC online banking?

No. Connecting to Lodavo doesn't change your RBC sign-in, your RBC app, or how you bank. You can disconnect from inside Lodavo at any time.

Does RBC work with Lodavo? How to connect Royal Bank of Canada

If you bank with RBC, the short answer is yes: RBC works with Lodavo. Royal Bank of Canada is the country’s largest bank, and it was one of the first to sign a data-access agreement with Plaid, back in 2022, opening a secure connection for more than 14 million RBC clients. Because Lodavo connects through Plaid with read-only access, an RBC chequing, savings, or TFSA balance links in a couple of minutes, and your money never leaves RBC.

How to connect your RBC account to Lodavo

Connecting takes about two minutes inside the Lodavo app:

Download Lodavo (free) and create your account.
Tap to connect a bank and choose RBC Royal Bank from the list.
Sign in through the secure Plaid connection. You enter your details on the bank-connection screen, not by handing your password to Lodavo.
Pick the RBC account you want Lodavo to track, and you’re done.

From then on, Lodavo reads your balance each week and turns what you have saved into free tickets for that week’s draw. You move no money to set this up.

Is it safe? What Lodavo can and cannot see

Yes, and the access is deliberately narrow. When RBC and Plaid signed their data-access agreement in 2022, the goal was an additional layer of protection, so you no longer have to share your login credentials to connect your financial information. Linking RBC to Lodavo uses that same bank-grade Plaid (opens in a new tab) connection. Two things matter for you:

Lodavo never sees your RBC sign-in. You authenticate on Plaid’s secure screen, and Lodavo receives scoped, read-only access, not your client card number or password.
Lodavo cannot touch your money. Read-only means Lodavo can check your balance to award tickets and nothing else. It cannot move, hold, withdraw, or charge a cent. Your savings stay in your RBC account, earning whatever RBC already pays you.

You can disconnect RBC from inside Lodavo whenever you want. For the full picture, here is how Lodavo keeps your money safe and the draw provably fair.

Which RBC account should you track?

Connect the RBC account where your savings actually sit. Most users link one of these:

RBC account	Good to track if
RBC chequing (Day to Day, Advantage, or Signature No Limit)	You keep a steady cushion in your everyday account
RBC savings (High Interest eSavings or Enhanced Savings)	You set money aside in a dedicated savings account
RBC TFSA (savings)	You save inside a deposit-based Tax-Free Savings Account

You can connect more than one RBC account, and the balances simply add up. The one thing Lodavo cannot track yet is an investment or brokerage account, like RBC Direct Investing or a self-directed TFSA, so stick to a chequing or savings account where your money sits as a cash balance. Lodavo only reads the balance, so the more you keep saved across the accounts you choose, the more tickets you earn. There’s no minimum, and if you also bank somewhere else, you can link accounts at other Canadian banks too.

Troubleshooting an RBC connection

Most RBC links go through on the first try. If yours doesn’t:

Enter your current RBC Online Banking sign-in (your client card number or username and password) on the secure screen, exactly as you would on RBC’s own site.
Complete RBC’s verification step if it prompts you for a one-time passcode.
With some two-step sign-in setups, the RBC connection may not go through at all. This one is a known Plaid issue that is being worked on, and it’s outside Lodavo’s control. Reconnecting can help, and if you bank somewhere else too, you can track a deposit account there in the meantime.

RBC is a big, well-supported bank on Plaid’s network, so most hiccups clear up with a quick reconnect.

Why prize-linked savings fits RBC customers

Canadians aren’t saving much right now. The household saving rate slipped to 3.5% in the first quarter of 2026, the lowest since early 2024, according to Statistics Canada (opens in a new tab). Prize-linked savings is built for exactly that problem: it adds a fun reason to keep money set aside, without asking you to lock it up or move it.

With Lodavo, you keep your money in your own RBC account and still get a shot at winning. Save, earn tickets, and you’re entered into a free weekly draw for up to $10,000, with a guaranteed prize of at least $100 going to a user every week. It’s a small layer of upside on top of the bank you already use. New to the idea? Start with how prize-linked savings works in Canada.

Terms and conditions apply. No purchase necessary (alternate method of entry available). Skill-testing question required. Open to legal residents of Canada who are the age of majority. Odds depend on the number of eligible entries received. Full rules and odds at our contest rules.