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Personal Banking > Bank Accounts > Managing Your Bank Accounts > MultiProduct Rebate

MultiProduct Rebate

Our new MultiProduct Rebate® offers you a great way to save. If you have a banking account and two or more eligible RBC® products, you could bank for free or enjoy reduced banking fees.

It's our way of putting you first.

Eligible RBC products include:

  • Credit cards*:
    RBC Rewards cards: Infinite Avion®, Platinum Avion; RBC® Rewards Visa Preferred; Signature® RBC Rewards® Visa; Classic II Student; Rewards Visa Gold; Rewards Visa Classic; US Dollar Visa Gold; RBC® British Airways Visa Infinite; Cathay Pacific Platinum; Esso Visa; RBC Visa Cash Back; RBC Royal Bank Visa Classic Low Rate Option; WestJet RBC MasterCard; WestJet RBC World Elite MasterCard; Cash Back MasterCard; RBC Shoppers Optimum MasterCard; RBC Pharmaprix Optimum MasterCard; Target RBC MasterCard; RBC RateAdvantage™ Visa; RBC® Avion® Visa Infinite Privilege
  • Home equity financing products*:
    Residential mortgages and RBC Homeline Plan®
  • Investments:
    Includes investments, such as RBC Guaranteed Investment Certificates (GICs) or RBC mutual funds and accounts held at RBC Direct Investing™. Excludes the RBC Investment Savings Account and investments held through RBC Dominion Securities Inc. or other investment brokers, dealers or investment counsellors;

*Credit Cards and Investments need to be active to qualify for MPR.

Qualifying Active RBC Credit Card:

  • An RBC Royal Bank Credit Card with an annual fee or
  • A no annual fee RBC Royal Bank Credit Card with at least one transaction (purchase, balance transfer, cash advance or interest charged to the account) within the last 90 days.

Qualifying Active RBC Investment:

  • Requires either the set-up of a regular re-occurring pre-authorized contribution (PAC) from any banking Account to the investment account or the maintenance of a minimum balance of $500 market value in the investment account on the last business day of the Monthly Cycle of the banking Account. The PAC or minimum balance requirement does not apply to investments held in RBC Direct Investing, where the balance must be greater than $0; and
  • Other conditions and exclusions may apply. For further details, please visit any RBC Royal Bank branch or call 1-800-769-2511.

With the MultiProduct Rebate you could enjoy monthly savings of up to 100% of your monthly fees depending on the type of account you hold and the number of eligible products you have with us.

Account Name Monthly Fee MultiProduct Rebate Monthly Fee after MultiProduct Rebate1, ^^
RBC VIP Banking® $30.00 Partial monthly fee rebated with a qualifying RBC investment, RBC Royal Bank credit card, and RBC Royal Bank mortgage or RBC Homeline Plan $19.95
RBC Signature No Limit Banking® $14.95 Partial monthly fee rebated with a qualifying RBC investment, RBC Royal Bank credit card, and RBC Royal Bank mortgage or RBC Homeline Plan $8.95
RBC No Limit Banking® $10.95 Partial monthly fee rebated with a qualifying RBC investment and RBC Royal Bank credit card

$5.95
RBC® Shoppers/Pharmaprix Optimum Banking Account§ $10.95 Partial monthly fee rebated with a qualifying RBC investment and RBC Royal Bank credit card

$5.95
RBC Day to Day Banking® $4.00 Full monthly fee rebated with a qualifying RBC investment and RBC Royal Bank credit card $0.00
RBC No Limit Banking for Students® $10.95 Partial monthly fee rebated with a qualifying RBC investment and RBC Royal Bank credit card $4.95

If you qualify for the MultiProduct Rebate, it will automatically be applied to your account and your rebate or discount will appear on your next banking account statement for each month that you have the eligible products2.

The MultiProduct Rebate does not apply automatically where account ownership differs between qualifying products. Some conditions apply. Talk to a Specialist to find out if a rebate may apply to you.

If you have any questions about the rebate, please call us at 1-800-769-2511 or visit your local RBC Royal Bank branch.

1) The MultiProduct Rebate cannot be combined with the Senior’s Rebate. Limit one rebate per client.

2) If you hold an RBC Direct Investing account as one of your qualifying products, MultiProduct Rebate may not be applied automatically to your banking account. If your rebate does not appear on your banking account statement at the end of any month for which you hold the eligible products, please notify us immediately. We will not be liable for any MultiProduct rebate for which you may have been eligible before you notified us.

Shoppers/Pharmaprix Optimum and Shoppers/Pharmaprix Optimum Points are registered trademarks of 911979 Alberta Ltd., used under licence.

§ The RBC Shoppers/Pharmaprix Optimum Bank Account is offered by Royal Bank of Canada.

RBC Direct Investing Inc.* and Royal Bank of Canada are separate corporate entities which are affiliated. * Member – Canadian Investor Protection Fund. RBC Direct Investing Inc. does not provide investment advice or recommendations regarding the purchase or sale of any securities. Investors are responsible for their own investment decisions. RBC Direct Investing is a business name used by RBC Direct Investing Inc.