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* Limited time offer by Royal Bank of Canada which may be withdrawn or modified at any time without notice. Not to be combined with any other offer. Only one offer per person and per account. To be eligible, you must be among the first 7,500 customers to activate and use your RBC Virtual Visa Debit Number (between 00:00:01 AM (EDT) on June 15, 2013 and 11:59:59 PM (EDT) on July 31 2013. If eligible, the amount of $10 CDN will be deposited to the banking account linked to your RBC Virtual Visa Debit Number. Deposits will be made 4 to 6 weeks after July 31, 2013.

1) When you use Virtual Visa Debit to make a payment: 1) the funds will be debited from your banking account. This is the account you access with your RBC Royal Bank Client Card when you select the “Chequing” option on a merchant payment terminal or at an automated teller machine. 2) The merchant performs an authorization on your account at the time of the purchase and the charge is immediately debited from that account. In some cases, merchants may need to adjust the authorization amount. Should this occur, a credit adjustment in the amount of the original authorization will be credited to your account, followed immediately by a debit adjustment that reflects the final transaction amount. Please refer to the RBC Royal Bank Virtual Visa Debit Agreement  for further details.

2) When you use RBC Virtual Visa Debit for a transaction in a currency other than Canadian dollars, we will convert the transaction amount into Canadian dollars at an exchange rate that is 2.5% over a benchmark rate Royal Bank of Canada pays on the date of the conversion. If the merchant gives you a credit voucher or refund for a transaction in a foreign currency, the debit and the subsequent credit will not exactly balance because of exchange rate and currency fluctuations

3) To learn more about how we protect you, please visit www.rbc.com/privacysecurity/ca/how-we-protect-you.html .

4) Payments made using your Virtual Visa Debit Number do not count against the monthly transaction limits applicable to your account. Service fees applicable to transactions made using your RBC Virtual Visa Debit Number are set out in your Client Agreement – Personal Deposit Account or other applicable Account Agreement.

5) For a list of Canadian merchants that accept Visa Debit, please visit www.rbc.com/virtualvisadebit 

6) Zero Liability provides protection against unauthorized use of your Virtual Visa Debit Number, provided you have taken reasonable precautions to protect your Reference Card and your Virtual Visa Debit Number, as set out in the RBC Royal Bank Virtual Visa Debit Agreement .