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Royal Bank of Canada
Investments Cash Bonus 2026 Offer
Terms and Conditions

A. DEFINITIONS

“Cash Bonus Reward” shall have the meaning set out in Section B.

“Contribution Deadline” means the date of March 31, 2027, at 9:00 PM Eastern Time, by which deadline the Eligible Personal Client can make Qualifying Net Contributions to qualify for the Offer. The Qualifying Net Contributions must be completed and received (not initiated) by this deadline.

“Deposit Account” means a Personal Banking Account or Savings Account you have opened with us in sole or joint ownership of which the Eligible Personal Client is the Primary Account Owner.

“Eligible Personal Client” means a client who meets all the following criteria:

  • Is a resident of Canada, and by March 31, 2027, is of the age of majority in the province or territory in which they reside. Residence is determined by the jurisdiction (province or territory) where a client has their primary tax filing obligation based on their regular place of residence.
  • Has received the Offer by email directly from the Bank and/or is informed electronically by the Bank, when they log in to RBC Online Banking, that they are eligible for the Offer. The Offer is particular to the individual to whom it is presented and may not be transferred to or shared with any other party.
  • Has an RBC Personal Banking Account or Savings Account as defined below.

“Eligible Investment Account” means any of the following new or existing personal investment accounts offered by Royal Bank of Canada and/or Royal Mutual Funds Inc. (RMFI) and/or RBC Direct Investing Inc. (RBC Direct Investing) of which the Eligible Personal Client is the Primary Account Owner:

For Royal Bank of Canada or Royal Mutual Fund Inc. For RBC Direct Investing Inc.
Tax Free Savings Account (TFSA) Tax Free Savings Account (TFSA)
Registered Retirement Savings Plan (RRSP, includes Spousal RRSP and Group RSP) Registered Retirement Savings Plan (RRSP, includes Spousal RRSP and Group RSP)
Non-Registered Investment Account Non-Registered Investment Account
Locked in Retirement Account (LIRA) Locked in Retirement Account (LIRA)
Life Income Fund (LIF) Life Income Fund (LIF)
Registered Education Savings Plan (RESP) Registered Education Savings Plan (RESP)
Retirement Income Fund (RIF) Retirement Income Fund (RIF)
Prescribed Retirement Income Fund (PRIF) Cash (Individual or Joint)
Investment Advantage Account First Home Savings Account (FHSA)
Registered Disability Savings Plan (RDSP) Margin Account (Individual or Joint)

“Eligible Products” means RBC Registered Savings Deposits, RMFI distributed Mutual Funds or RBC Registered Guaranteed Investment Certificates (GICs). RBC Non-registered GICs are excluded from the definition of Eligible Product(s) and are excluded from this Offer. For RBC Direct Investing, Eligible Products means cash deposits and in-kind or partial transfers of securities listed on a Canadian or US exchange and other investment products eligible for transfer-in to an RBC Direct Investing account. Options and securities not listed on a Canadian or U.S marketplace recognized by RBC Direct Investing do not qualify under the Offer. If you contribute to multiple Eligible Products during the Promotional Period, all the contributions and/or transfers-in (net of withdrawals and/or transfers-out) made to either RBC, RMFI or RBC Direct Investing will be added together to assess qualification for the Offer.

“Investments Cash Bonus Offer” means the Offer in respect of an Eligible Personal Client, Eligible Investment Account(s) and Eligible Product(s), as set out in Section B of these Terms and Conditions (Note: For convenience, the Investments Cash Bonus Offer may alternatively be referred to herein as the “Offer”).

“Holding Period” means the period starting the day of the Contribution Deadline (March 31, 2027) and ending two years after that (March 31, 2029).

“Personal Banking Account” means any of the following accounts: RBC Day to Day Banking®, RBC No Limit Banking, RBC Advantage Banking™, RBC Student Banking®, RateLink Preference®, RateLink Essential®, RateLink Essential - Sixty Plus®, Sixty Plus - Signature Plus®, Sixty Plus - Royal Money Maker®, Sixty Plus - Calculator Plus®, RBC VIP Banking®; RBC Signature No Limit Banking, RBC No Limit Banking for Students account.

“Primary Account Owner” means the person we consider to be the main account owner of the Eligible Investment Account(s). When it is a joint ownership account, it is the first person listed as an owner, per our records.

“Promotional Period” means the period starting on November 9, 2026, and ending on March 31, 2027. The Offer qualification will be assessed based upon the sum of all Qualifying Net Contributions completed during the Promotional Period.

“Qualifying Net Contributions” means the total of all contributions and transfers-in collectively deposited or transferred-in (in cash or in kind) into Eligible Products across all Eligible Investment Accounts net of all withdrawals or transfers out between November 9, 2026 and the Contribution Deadline. Transfers-in and contributions from a financial institution affiliated with RBC will not qualify under the Offer, except for contributions from an RBC Personal Banking Account. Affiliated financial institutions include: Royal Mutual Funds Inc. (RMFI), RBC Direct Investing Inc., RBC InvestEase Inc., RBC Dominion Securities Inc., RBC Dominion Securities Global Inc., Phillips, Hager & North Investment Services, RBC Phillips, Hager & North Investment Counsel Inc., Royal Trust Corporation of Canada and the Royal Trust Company. Cash contributions from a RBC Personal Banking Account will be included in the calculation of Qualifying Net Contributions. Securities not listed on a Canadian or U.S. marketplace that are transferred in-kind to an Eligible Investment Account at RBC Direct Investing will not count as Qualifying Net Contributions and do not qualify under this Offer. Refer to Section C for Qualifying Criteria.

  • For greater clarity:

    - a client selling mutual funds worth $50,000 in a RBC Direct Investing Account and using the proceeds to buy $50,000 of RBC Registered GICs will have no Qualifying Net Contributions as the proceeds are from RBC Direct Investing (an RBC affiliated legal entity).

    - A client who has $5,000 in their RBC VIP account of which the client is the Primary Account Owner receives the Offer email from RBC and then transfers $30,000 from another Canadian financial institution into their RBC VIP account during the Promotional Period. This client then buys a $20,000 RBC Registered GIC and puts $15,000 into a RBC Direct Investing account. The client will qualify for the Offer as their total net contribution will be $35,000.

  • For the purposes of calculating Qualifying Net Contributions, any transactions will be determined in Canadian dollars based on the end of day valuation on the date the lump sum Qualifying Net Contributions are received in the Eligible Investment Account(s) by RBC, RMFI and RBC Direct Investing at our sole discretion. For the purposes of calculating Qualifying Net Contributions, foreign currencies will be converted to Canadian dollars at RBC, RMFI and RBC Direct Investing’s prevailing prescribed rate on the date Transferred Assets are received.

“Savings Account” means any of the following accounts: RBC High Interest eSavings®, RBC Enhanced Savings®, RBC Day to Day Savings®, NOMI Find & Save®, RBC Leo’s Young Savers Account®,

“you”, “your” means the owner of an Eligible Product in an Eligible Investment Account.

“we”, “us”, “our”, the “Bank” mean Royal Bank of Canada or any of our deposit taking subsidiaries in Canada.

B. OFFER

Eligible Personal Clients who make a transfer-in or a contribution to one or more Eligible Investment Accounts between November 9, 2026 and the Contribution Deadline (March 31, 2027), and satisfy the Qualifying Criteria set out below in these terms will receive the Cash Bonus Reward of C$300 (up to a maximum of C$100,000) for every C$10,000 of Qualifying Net Contributions across all Eligible Investment Accounts (the Cash Bonus Reward).

Illustrative Examples

Qualifying Net Contributions Cash Bonus ($300 for every $10,000 of Contributions)
$10,000 $300
$75,000 $2,100
$250,000 $7,500
$503,000 $15,000
$1,000,000 $30,000
$3,000,000 $90,000
$3,340,000+ $100,000

  • Where your Qualifying Net Contributions are deposited or transferred to a single Eligible Investment Account that is an account with RBC Direct Investing or a registered account with RBC or RMFI, the Cash Bonus Reward will be deposited into that account. Where your Qualifying Net Contributions are deposited or transferred to a single non-registered Eligible Investment Account with RBC or RMFI, the Cash Bonus Reward will be deposited into a Deposit Account that was first opened by the Eligible Personal Client and in which the Eligible Personal Client is a primary owner as determined by our records.

    Where you open multiple Eligible Investment Accounts, the Qualifying Net Contributions will be calculated by combining the value of the Qualifying Net Contributions in all your Eligible Investment Accounts. The Cash Bonus Reward will be divided and deposited to (i) each Eligible Investment Account with respect to transfers to account(s) with RBC Direct Investing and/or registered account(s) with RBC or RMFI and/ or (ii) a Deposit Account (that was first opened by the Eligible Personal Client and in which the Eligible Personal Client is a primary owner as determined by our records) with respect to transfers to non-registered Eligible Investment Accounts with RBC or RMFI in proportion to the value of the Qualifying Net Contributions made to each Eligible Investment Account.

  • The Cash Bonus Reward will be paid by way of two equal annual payments made within eight weeks after March 31, 2028 and March 31, 2029 respectively.
  • The Cash Bonus Reward will be determined on March 31, 2027 based on the Qualifying Net Contributions held in each Eligible Investment Account. Your Eligible Investment Account must remain open and in good standing, and the Qualifying Criteria must remain in effect until after March 31, 2029 to receive the two equal annual payments of the Cash Bonus Reward.
  • If for any reason the Registered Eligible Investment Account and/ or Deposit Account is closed at any time during the Holding Period, you will not be paid the Cash Bonus Reward that would otherwise have been earned on your Qualifying Net Contributions.

C. QUALIFYING CRITERIA

To qualify for this Offer, you must satisfy each of the following criteria:

  • Be an Eligible Personal Client.
  • Transfer-in or contribute Qualifying Net Contributions of at least C$10,000 into any Eligible Product(s) across any Eligible Investment Account(s) of which you are the Primary Account Owner by 9:00 PM Eastern Time of the last day of the Promotional Period to be eligible for the Offer.
  • Maintain the Qualifying Net Contributions in the Eligible Investment Account(s) for the duration of the Holding Period. If you withdraw, deregister or transfer-out assets from your Eligible Investment Account(s) during the Promotional Period and Holding Period, such amounts will be subtracted from the amount of your Qualifying Net Contributions. If such withdrawals, de-registrations or transfers reduce the amount of your Qualifying Net Contributions below C$10,000 on or before March 31, 2029, no Cash Bonus Reward will be granted.

D. LIMITATIONS

  • This Offer is available only once to each Eligible Personal Client, no matter how many Eligible Investment Accounts you make transfers-in or contributions to during the Promotional Period. Non-personal and third-party accounts will not be eligible for the Offer.
  • Only the primary account holder of a joint account may participate in this Offer.
  • This Offer cannot be combined with, ‘stacked’, or used in conjunction with any other offer by RBC or its affiliates (including but not limited to the Winter Investment Offer and the New Money Offer), except as may be permitted by RBC in its sole discretion. In the event the Eligible Personal Client becomes eligible for another Offer, they may elect to participate in that future Offer but by doing so they may forfeit the Cash Bonus Reward earned under this Offer.
  • Qualifying Net Contributions may be combined across Eligible Investment Accounts and Eligible Products with RBC, RMFI, and RBC Direct Investing to meet the Offer’s Qualifying Criteria. For example, an Eligible Personal Client who contributes $15,000 to a mutual fund in an RRSP at RMFI, $3,000 in an FHSA at RBC Direct Investing, and $15,000 to Registered Savings in a TFSA at RBC will qualify for the Offer.
  • A reduction in the value of the Eligible Investment Account(s) due to market fluctuations or deductions made in respect of management fees or taxes will not be considered a withdrawal and will not impact the determination of the Qualifying Net Contributions.
  • Multiple transfers-in or contributions may be made into Eligible Investment Account(s) to meet the minimum amount of Qualifying Net Contributions. All transfers-in and contributions received across Eligible Investment Account(s) before the Contribution Deadline will be considered cumulatively.
  • The value of any assets transferred into your Eligible Investment Account(s) as well as any withdrawals, will be determined in Canadian dollars based on the end of day valuation on the date the assets are transferred out or received in the Eligible Investment Account by RBC, RMFI, or RBC Direct Investing at its respective discretion. For the purposes of calculating Qualifying Net Contributions, foreign currencies will be converted to Canadian dollars at RBC's prevailing prescribed rate on the date any Qualifying Net Contributions are received.
  • Options and Securities not listed on a Canadian or U.S. marketplace recognized by RBC Direct Investing will not qualify as Qualifying Net Contributions to an Eligible Investment Account at RBC Direct Investing under the Offer.
  • Contributions or transfers-in into your Eligible Investment Account(s) after the Contribution Deadline are not eligible under the Offer and do not form part of the Qualifying Net Contributions. Transfers-in have to be completed by the Contribution Deadline for example a transfer-in initiated within the Contribution Deadline but completed after the Contribution Deadline will not be counted.
  • If your Qualifying Net Contributions fall below the minimum C$10,000 Canadian dollars required under the Offer at any time during the Holding Period, you will cease to qualify to receive the Cash Bonus Reward under the Offer.
  • This Offer is distributed by Royal Bank of Canada (RBC), RBC Direct Investing Inc. (RBC Direct Investing) and Royal Mutual Funds Inc. (RMFI). RBC, RBC Direct Investing and RMFI are separate corporate entities which are affiliated. RBC Direct Investing and RMFI are wholly owned subsidiaries of RBC. Other products and services may be offered by one or more separate corporate entities that are affiliated with RBC, including without limitation: RBC Direct Investing, RBC InvestEase Inc., RMFI, RBC Dominion Securities Inc., RBC Global Asset Management Inc., Royal Trust Corporation of Canada and The Royal Trust Company.
  • We may change the Offer and these Terms and Conditions at any time without giving you notice. The posting of the current Terms and Conditions at https://www.rbcroyalbank.com/dms/campaign/WFE/terms/index.html shall be deemed sufficient notice of them to you, if required.
  • In the event of a conflict between these Terms and Conditions and the content of any document, brochure or promotional material advertising this Offer, these Terms and Conditions shall prevail. You may view the most current Terms and Conditions by visiting https://www.rbcroyalbank.com/dms/campaign/WFE/terms/index.html or you may call 1-800 ROYAL® 1-1 to request a current copy.
  • We reserve the right, in our sole discretion, to suspend, disqualify, limit or revoke this Offer to any person or account holder we find or believe to be manipulating or otherwise abusing the process, fairness, integrity or operation of the Offer, including any person whose overall client relationship with us is in our opinion not in good standing.
  • If we are unable to execute the Offer as planned for any valid reason including but not limited to infection by computer/system virus, bugs, tampering, unauthorized intervention, fraud, technical failures, force majeure, pandemic, or any other cause beyond our reasonable control which corrupts, interferes with, or otherwise impacts the administration, security or proper conduct of this Offer, we reserve the right at our sole discretion to, without advance notice, terminate or suspend the Offer, in whole or in part, or modify it as we deem necessary.
  • You are solely responsible for reviewing your personal contribution room available in your registered accounts before effecting any transfer or contribution into your Eligible Investment Account(s). You are solely responsible for any excess contribution penalty or other tax consequences, direct or indirect, losses, damages or opportunity costs suffered or incurred by you or any third party that may arise from a contribution or transfer of assets into your Eligible Investment Account(s). Please consult your personal tax advisor for advice.
  • There may be tax implications associated with this Offer. You will be solely responsible for any tax consequences associated with the Offer and/or the transfer of any assets into the Eligible Investment Account(s). Please consult your personal tax advisor for more information.

  • Investment advice is provided, and Mutual Funds are sold, by RMFI. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Please read the Fund Facts/prospectus before investing. Mutual fund securities are not insured by the Canada Deposit Insurance Corporation. For funds other than money market funds, unit values change frequently. For money market funds, there can be no assurances that a fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in a fund will be returned to you. Past performance may not be repeated. RMFI is licensed as a financial services firm in the province of Quebec.

    RBC Direct Investing Inc. is a Member of the Canadian Investment Regulatory Organization and the Canadian Investor Protection Fund. Royal Bank of Canada and certain of its issuers are related to RBC Direct Investing Inc. 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

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