To be eligible for the offer, mortgage applications must result in a written mortgage pre-approval or approval by Royal Bank of Canada, containing an interest rate commitment, for the period commencing on April 2, 2018 and ending on February 28, 2019 inclusively. The mortgage must also be funded within 120 days of rate commitment start date. This offer is limited to individuals who have an Investment Advantage Account (“IAA”) including IAA account holders within the IAA Family Grouping definition, and have or will be opening an RBC Royal Bank Canadian dollar personal chequing account from which the mortgage payment is debited. The $500 will be deposited to that chequing account eight to eleven weeks after the mortgage has been funded. Limit of one payment per application under this offer. This offer may be changed, withdrawn or extended at any time, without notice. This offer may be combined or used in conjunction with only certain other Royal Bank of Canada offers. This offer is not transferable. This offer is only valid for a new mortgage purchase or a switch from another financial institution. Valid only for residential properties in Canada. Other terms and conditions may apply. See your RBC Financial Planner, Investment Retirement Planner or Mortgage Specialist for more details. Personal lending products and residential mortgages are offered by Royal Bank of Canada and are subject to its standard lending criteria. Mutual funds, investment advice and financial planning services are offered by Royal Mutual Funds Inc. (RMFI), a separate but affiliated entity of Royal Bank of Canada. RMFI is licensed as a financial services firm in the province of Quebec. IAA Family Grouping is defined as you, your spouse/partner, your parents, your children (including children’s spouses), and you or your spouse/partner’s parents, siblings, and siblings’ spouses/partners and children.