Newcomer*Disclaimer Offers Valued at Up to $550^Disclaimer
As Canada’s largest bank5Disclaimer—with more than 150 years serving newcomers—we have learned what you need when you first arrive in Canada.
RBC No Limit Banking Account
RBC Rewards+ Visa Card
- No annual fee
- No credit history required2Disclaimer
- Get 2,500 welcome points upon approval7Disclaimer
- Get an additional up to 3,500 bonus RBC Rewards points when you go digital within 60 days of card approval8Disclaimer.
- Additional Card: $0
- Purchase Rate: 19.99%
- Cash Advance Rate: 22.99%
- Includes Purchase Security and Extended Warranty Insurance9Disclaimer
2,500 welcome RBC Rewards points offer ends October 31, 20207Disclaimer.
International Money Transfers
Safe Deposit Box
- Protect your valuable documents and small items
- Securely stored inside the vault at your local RBC Royal Bank branch
- Access your items any time during branch hours
Subject to availability.
No annual fee for 2 years offer ends December 31, 2020. Available with a qualifying bank account4Disclaimer.
Get the RBC Newcomer Advantage
Available only (i) to newcomers to Canada who arrived within the last 5 years and (ii) for non-credit card accounts with RBC. Must show proof of entry into Canada and provide supporting documents such as landing papers or permanent resident card. Other conditions apply. See branch for details. This offer may be withdrawn at any time and is subject to change without notice.
Up to $550 value is a combination of the 12-month monthly fee waiver offer with an RBC No Limit Banking account (a minimum value of $131.40 based on the monthly fee of $10.95), International Money Transfer transaction one-year fee waiver offer ($10 for each IMT transaction, up to $240 value), safe deposit box fee waiver offer for two years ($120 value), and up to 6,000 RBC Rewards points with an RBC Rewards+ Visa credit card (up to $60 value).
Monthly fee will be waived for the first twelve months upon account opening of the RBC No Limit Banking account or RBC VIP Banking account. Thereafter the monthly fee will be charged: monthly fee of $10.95 for the RBC No Limit Banking account or monthly fee of $30.00 for the RBC VIP Banking account. For RBC VIP Banking account, $10,000 CAD must be deposited into the account within 20 days of account opening to qualify for the promotional offer. Other account transaction fees may apply. Monthly fee waiver for the first twelve months may be replaced with any in-market offer that applies to the RBC No Limit Banking or RBC VIP Banking account. Available only to newcomers; please see the eligibility requirements in above note *. Offer may be withdrawn or amended at any time without notice. See complete terms and conditionsPDF opens in new window that apply to this promotional offer.
An RBC Royal Bank credit card with no credit history required is available to (i) permanent residents and international students who arrived in Canada within the last 12 months, and (ii) temporary resident workers who arrived in Canada within the last 48 months, provided you meet all of the eligibility and credit criteria of Royal Bank of Canada. If you don't qualify for an unsecured RBC Royal Bank credit card, you may still be eligible for a credit card provided you give us a security deposit and meet Royal Bank of Canada's eligibility criteria.
Available only to newcomers (please see the newcomer eligibility requirements in above note *) who become RBC clients between April 1, 2020 and March 31, 2021 (Promotional Period) by opening an RBC Advantage Account, RBC No Limit Banking Account, RBC Signature No Limit Banking Account or RBC VIP Banking Account (Eligible Personal Banking Accounts). Rebates for International Money Transfer (IMT) transaction fees will be given for up to 12 months from the day of account open, with up to 2 transactions per month (for a total of 24 IMT transactions) for RBC No Limit Banking & RBC Signature No Limit Banking Account holders and up to 3 transactions per month (for a total of 36 IMT transactions) for RBC VIP Banking Account holders. Rebates to be applied to the Eligible Personal Banking Account within 45 days of a qualifying IMT transaction. Offer applies only to the first personal banking account opened per newcomer during the Promotional Period, no matter how many Eligible Personal Banking Accounts one may open during the Promotional Period. If the first personal banking account opened is not an Eligible Personal Banking Account, the offer is not applicable, even if an Eligible Personal Banking Account is subsequently opened. Offer does apply if the first non-eligible account is upgraded to an Eligible Personal Banking Account within 30 days of the non-eligible account being opened, provided that both the non-eligible account is opened and the upgrade to an Eligible Personal Banking Account is completed within the Promotional Period. Offer applies to only one account opening during the Promotional Period per Eligible Personal Banking Account, even if the Eligible Personal Banking Account is opened jointly and by more than one co-owner newcomer. In this case, only the co-owner designated as the Primary Owner at the time of opening of the jointly-held Eligible Personal Banking Account will qualify for the Promotional Offer. Eligible Personal Banking Account must remain open and in good standing to receive the rebate. If an Eligible Personal Banking Account is downgraded to an ineligible account or closed, the Promotional Offer will cease to apply as of the time of downgrade or closure and unrebated transactions will not be credited.
International Money Transfer transactions that are under $1,000 will be $6 per transaction. Transactions between $1,000.01 to $2,500 will be $10 per transaction. Excess debit transaction fee may also apply depending on the account. Additional service fees by any intermediary and receiving bank may apply. Maximum of $2,500 Canadian dollars or Canadian dollar equivalent per client per day. Transfers can only be made from Canadian dollar bank accounts. The service is not available to recipients in Canada and in restricted countries. You cannot send an International Money Transfer from a U.S. dollar account or the RBC High Interest eSavings account.
Available only to newcomers (please see the eligibility requirements in above note *). For RBC No Limit Banking and RBC Signature No Limit Banking accounts (eligible account), up to two-year rental (offer ends December 31, 2020) of a small safe deposit box (SDB) with annual fees waived, where boxes are available. Safe deposit box fees are collected in advance in January for each calendar year. If you open, switch or are converted to an eligible account, your fees for the box will be waived in full or in part for the current year, depending on the time when the box is opened, and in full for the following year. RBC VIP Banking account holders receive one small box free for every year they maintain the account in good standing as part of the ordinary product construct; offer cannot be combined with any other safe deposit box offer. Offer is subject to change without notice.
Based on market capitalization.
Up to 6,000 RBC Rewards points is a combination of 2,500 welcome RBC Rewards points exclusive to newcomers, as outlined in note 7, and the digital bonus offer of up to 3,500 RBC Rewards points set out in note 8.
Available to newcomers who are (i) permanent residents and international students who arrived in Canada within the last 12 months, and (ii) temporary resident workers who arrived in Canada within the last 48 months, provided you meet all of the eligibility and credit criteria of Royal Bank of Canada. If you don't qualify for an unsecured RBC Royal Bank credit card, you may still be eligible for a credit card provided you give us a security deposit and meet Royal Bank of Canada's eligibility criteria. To receive 2,500 welcome RBC Rewards points, your application form must be received by October 31, 2020 and approved by us. Upon enrolment, 2,500 bonus RBC Rewards points will appear on your first credit card statement. Additional cardholder(s), as well as existing RBC Rewards+ Visa cardholders as of the offer eligibility period, are not eligible for this offer. Offer may be amended or withdrawn at any time without notice.
To receive 3,500 RBC Rewards points as part of our digital bonus offer, get 500 points for completing each of the following activities within 60 days of credit card approval: (i) share your email address with us, (ii) sign up for eStatements for your card, (iii) download and sign into either the RBC Mobile app or the RBC Wallet app, and provided you bank with RBC (with an RBC Day to Day Banking, RBC No Limit Banking, RBC Private Banking, RBC Signature No Limit Banking, RBC Student Banking, RBC No Limit Banking for Students, RBC VIP Banking, US Personal Account, Ratelink Essential, Ratelink Preference, RBC Day to Day Savings, RBC Enhanced Savings or RBC High Interest eSavings account), (iv) make an Interac e-Transfer with the RBC Mobile app or RBC Online Banking, (v) Transfer funds with the RBC Mobile app or RBC Online Banking, (vi) deposit a cheque with the RBC Mobile app and (vii) pay a bill with the RBC Mobile app or RBC Online Banking. Additional cardholder(s), as well as existing RBC Rewards+ Visa cardholders as of the offer eligibility period, are not eligible for this offer. This offer may not be combined or used in conjunction with any other offer, unless otherwise indicated by us. Offer may be amended or withdrawn at any time without notice.
Coverage underwritten by Aviva General Insurance Company in the Province of Quebec and by RBC Insurance Company of Canada in the rest of Canada. All insurance is subject to limitations and exclusions. Please refer to the certificate of insurance for complete details.
RBC Canada, RBC Wallet, the RBC Rewards app and RBC Online Banking are operated by Royal Bank of Canada. RBC Mobile is operated by Royal Bank of Canada, RBC Direct Investing Inc. and RBC Dominion Securities Inc. Standard message and data charges apply to any bonus offers you fulfill using your device.