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Royal Mutual Funds Inc. New Client Bonus Offer
Terms and Conditions

A. DEFINITIONS

“Bonus Offer” as defined in Section B of these Terms & Conditions.

“Qualifying Period” means the period starting on February 1, 2024 and ending at 3PM EST on March 22, 2024. Qualifying period is the time during which clients need to opt-in to this promotion to qualify for the Bonus offer. The lump sum contribution and/or Pre-authorized Contribution set up, as described further in these Terms, must be completed during the qualifying period in order to qualify for this offer.

“Promotional Period” means the period starting on February 1, 2024 and ending 3PM EST August 31, 2024. The Bonus Offer qualification will be assessed based upon the sum of all contributions and withdrawals completed during the Promotional Period.

“Eligible Client(s)” means a personal client who:

  • Is a resident of Canada and of the age of majority in the province or territory in which they reside as of the date the Eligible Account is opened; and
  • is not an Owner of a Royal Mutual Funds Inc. account at the time the Qualifying Period begins (any previous RMFI accounts that were closed prior to the start of the Qualifying Period do not impact your eligibility)

“Eligible Account” means the first Royal Mutual Funds Inc. (RMFI) Tax Free Savings Account (TFSA), or Registered Retirement Savings Plan (RRSP) opened by an Eligible Client during the Qualifying Period. All investments in an RMFI account are subject to standard suitability assessments and the applicable account terms and conditions.

“Personal Banking Account” means any of the following accounts: RBC Day to Day Banking, RBC No Limit Banking, RBC Signature No Limit Banking, RBC VIP Banking; RBC Advantage Banking; RBC Day to Day Savings, RBC Enhanced Savings and RBC High Interest eSavings accounts owned by you as the Primary Owner on the Bonus Offer deposit date.

“Terms” mean these terms and conditions which govern this Bonus Offer;

"you" and “your” mean the Eligible Client;

“we”, “us”, “our” and “RBC Royal Bank” mean Royal Mutual Funds Inc. or Royal Bank of Canada

B. Bonus Offer:

Eligible Clients who open an Eligible Account with Royal Mutual Funds Inc. as the Primary Owner during the Qualifying Period and satisfy the Bonus Offer Qualifying Criteria and these Terms will receive a bonus of C$100.00 (“Bonus Offer”) deposited into their Personal Banking Account within four weeks after the Promotional Period ends.

C. Qualifying Criteria

To qualify to receive this Bonus Offer you must do all of the following:

  1. Be an Eligible Client;
  2. Open an Eligible Account as the Primary Owner during the Qualifying Period;
  3. Complete one or both of the following in your Eligible Account during the Qualifying Period:
    • Set-up a Pre-authorized Contribution (PAC) of C$100.00 or more per month in mutual fund(s) with the first contribution occurring by March 22, 2024 or
    • Make a contribution of at least C$5,000.00 in mutual fund(s);
  4. Maintain the balance and/or PAC(s) for the duration of Promotional Period

    For clarity, market driven changes in your account balance will not impact your qualification for the Bonus Offer. However, changes to your account balance due to withdrawals and/or PAC cancellation during the Promotional Period will be taken into account for assessing qualification for the Bonus Offer.
  5. Have an RBC Personal Banking Account on the deposit date in order to receive the Bonus Offer.

D. Limitations

  • This Bonus Offer is available for only one (1) Eligible Account per Eligible Client, no matter how many Eligible Accounts you may open during the Qualifying Period. Only the first Eligible Account opened by you as a Primary Owner during the Qualifying Period will receive the benefit(s) for which you qualify under this Bonus Offer.
  • Contributions or PACs may not be combined across Eligible Accounts in order to meet the Bonus Offer’s qualifying criteria. For example, an Eligible Client who contributes C$2,500.00 into an RRSP and C$2,500.00 into a TFSA will not qualify for a Bonus Offer in either account.
  • For Eligible Clients with multiple Personal Banking Accounts, the Bonus Offer will be deposited in the oldest Personal Banking Account.
  • Any Eligible Account that, prior to the deposit of the Bonus Offer, is closed will forfeit this Bonus Offer.
  • This Bonus Offer cannot be combined with other promotional offers applicable to any RMFI Account(s) you may have.
  • We may change this Bonus Offer and/or these Terms at any time without notice. The posting of the current Terms at https://www.rbcroyalbank.com/dms/investments/mfd-wis/condtions/index.html shall be deemed sufficient notice to you of any such changes, if required.
  • In the event of a conflict between these Terms and the content of any document, brochure or promotional material advertising the Bonus Offer, these Terms shall prevail. You may always view the current Terms by visiting https://www.rbcroyalbank.com/dms/investments/mfd-wis/condtions/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 the Bonus 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 Bonus Offer, without further explanation or advance notice to such person or account holder. By participating in the Bonus Offer, you acknowledge and agree that we will not be held liable for any direct or indirect losses, damages, or opportunity costs suffered or incurred by you or any third party as a result of us suspending, disqualifying, limiting or revoking your participation in this Bonus Offer in the event that we find or believe you to be manipulating or otherwise abusing the process, fairness, integrity or operation of the Bonus Offer.
  • If we are unable to execute the Bonus Offer as planned for any reason, including but not limited to infection of our computers/systems by 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 Bonus Offer, we reserve the right at our sole discretion to, without advance notice, terminate or suspend the Bonus Offer, in whole or in part, or modify it as we deem necessary.
  • You have thirty (30) days from August 31, 2024 to notify us if you believe you have completed all qualifying criteria but have not received the Bonus Offer due under these Terms. Any notice received after this date, will not be accepted even if you had completed the applicable qualifying criteria during the Qualifying Period required to earn the Bonus Offer.
  • If you have any other personal deposit account(s) with us, it or they must be in good standing; otherwise, we reserve the right to prohibit you from participating in, or to discontinue your participation in the Bonus Offer in our sole discretion. By participating in the Bonus Offer, you acknowledge and agree that we will not be held liable for any direct or indirect losses, damages, or opportunity costs suffered or incurred by you or any third party as a result of us prohibiting you from participation in, or discontinuing your participation in, this Bonus Offer.
  • There may be tax implications associated with this Bonus Offer. You will be solely responsible for any tax consequences associated with the Bonus Offer and/or the transfer of any assets into the Eligible Account(s). Please consult your personal tax advisor for more information.

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