Protect your deposit with Renoshield
Automated payment schedule
The contractor and homeowner agree on the scope of work, cost, and payment schedule. This can be constructed to suit the job.
Renoshield holds the homeowner money securely in an RBC escrow account. The money is only released to the contractor when progress has been made and both parties are satisfied, and have signed off.
Secure, flexible payments
Homeowners can choose to pay Renoshield via Interac e-Transfer or credit card. Contractors are paid via direct deposit.
Renoshield is powered by RBC Ventures and money is held securely in a Royal Bank of Canada bank account.