Frequently Asked Questions

You can earn up to $1,000 when you open an eligible RBC chequing account and an RBC Cash Back Preferred World Elite Mastercard. Qualifying criteria and other terms and conditions apply.

• $500: Open an eligible RBC chequing account (RBC Signature No Limit Banking account or RBC VIP Banking account) by March 1, 2027 and complete at least two of three qualifying activities by May 10, 2027 at 9:00 PM Eastern Time:
  • Set up your full payroll or pension as a direct deposit (no splitting)
  • Set up two pre-authorized monthly payments
  • Make two eligible bill payments using RBC Online Banking, the RBC Mobile app, an ATM or telephone banking
• $100: Keep your eligible chequing account open and in good standing for a minimum of 13 months
• Up to $300: Open an RBC Cash Back Preferred World Elite Mastercard by March 1, 2027 and earn 15% extra cash back on the first $2,000 in qualifying purchases within the first 3 months
• $100: Keep both your eligible chequing account and credit card open and in good standing for 13 months

You can take advantage of either offer on its own:

• If you only open an eligible bank account: you can earn the $500 bonus by completing the qualifying criteria by May 10, 2027, plus the $100 chequing anniversary bonus by keeping your account open and in good standing for a minimum of 13 months.
• If you only open the RBC Cash Back Preferred World Elite Mastercard: you can earn up to $300 in cash back (15% extra cash back on your first $2,000 in Net Purchases within 3 months). However, you will not receive the $100 credit card anniversary bonus, as it requires you to also open an eligible RBC Signature No Limit Banking account or RBC VIP Banking account during the Offer Period and keep both the eligible chequing account and credit card open and in good standing. In addition, you will miss out on the credit card annual fee rebate: holding an RBC Signature No Limit Banking account gets you $35 off the annual fee on the Cash Back Preferred World Elite Mastercard, while an RBC VIP Banking account fully rebates the $120 annual fee. Without an eligible chequing account, you would pay the full annual fee.

To earn the full $1,000 and take advantage of the annual fee rebate, you need to open both an eligible chequing account and the credit card and complete the qualifying criteria for both products.

The timing depends on which part of the offer you've earned:

• $500 chequing bonus: credited directly to your eligible RBC chequing account between 6 and 10 weeks after you complete all qualifying criteria
• $100 chequing anniversary bonus: credited between 6 and 10 weeks after your eligible chequing account has been open and in good standing for a minimum of 13 months
• Up to $300 credit card cash back: credited to your Cash Back Account within 4 to 6 weeks after each Statement Date within the 3-month Period, provided your credit card account remains open and in good standing
• $100 credit card anniversary bonus: credited as a statement credit approximately 4 to 6 weeks after the first anniversary of your Credit Card Account opening, provided both your credit card and chequing account remain open and in good standing

Your eligible account must remain open and in good standing, and your qualifying activities must remain in effect for at least 365 days from the Qualify By Date.

To qualify for the Personal Banking Promotional Offer, you must meet all the following criteria:

• Be a resident of Canada, and by March 1, 2027 be of the age of majority in the province or territory in which you reside;
• Not have an existing Personal Banking Account with us;
• Never had a Personal Banking Account with us, nor qualified for any of our offers related to opening a Personal Banking Account at any time during the Promotional Period or in the five-year period before the start of the Promotional Period;
• Open your first new Eligible Personal Banking Account of either an RBC Signature No Limit Banking® account (monthly fee of $16.95) or RBC VIP Banking® account (monthly fee of $30) by 9:00 PM Eastern Time on March 1, 2027; and
• Complete two of the following criteria by 9:00 PM Eastern Time on May 10, 2027:
  • Transfer the full amount of your automated and recurring payroll direct deposit or monthly recurring pension direct deposit to your new Eligible Personal Banking Account. RBC has the right to determine what is considered payroll and pension.
  • Set up two (2) pre-authorized monthly payments (“PAPs”) from the Eligible Personal Banking Account
  • Set up two (2) eligible bill payments to a service provider from your new Eligible Personal Banking Account

Provided you fulfill the above Personal Banking Qualifying Criteria, you will be eligible to receive $500.

Provided you fulfill the above Personal Banking Qualifying Criteria and keep your account open and in good standing for a minimum of 13 months after opening your account, you will be eligible to receive a $100 anniversary bonus.

For full details including defined terms, visit rbc.com/offerterms600.

You can view the full terms and conditions for the RBC $600 chequing account offer at: rbc.com/offerterms600

Not necessarily. You can be an existing RBC client and qualify for this offer, as long as you:

• Do not have an existing Personal Banking Account with RBC
• Never had a Personal Banking Account with RBC, nor qualified for any of our offers related to opening an account in the last five years

To qualify for the $500 bonus, you must complete the qualifying criteria by May 10, 2027. To remain eligible and avoid having the bonus reversed, you must keep your eligible RBC chequing account open and in good standing, and maintain your qualifying activities (i.e., direct deposit, bill payment or pre-authorized payment) in effect for at least 365 days from the Qualify By Date (until at least May 9, 2028).

For the $100 anniversary bonus, you must also fulfill the qualifying criteria for the $500 bonus and keep your account open and in good standing for a minimum of 13 months after opening your account.

Qualifying criteria and other terms and conditions apply. See the full Terms and Conditions for details.

If you choose to qualify for this offer by setting up two pre-authorized payments, they must be set up and withdrawn from your account by May 10, 2027 at 9:00 PM Eastern Time:

Examples include:

• Pre-authorized eligible bill payment to a service provider (i.e. utility bill, gym membership)
• Pre-authorized payment to an RBC mortgage, loan, Royal credit line
• Pre-authorized contribution to your eligible RBC investment account – from your new Eligible Personal Banking Account

No. This offer is only available to new RBC personal banking clients.

You are not eligible if you:

• Already have an RBC personal banking account, or
• Have qualified for any of our offers related to opening a personal banking account with RBC in the past five years

Upgrading an existing account does not qualify.

No. Only the primary account holder is eligible for the reward.

To qualify, the primary account holder:

• Must be new to RBC personal banking
• Can’t have been a joint account holder within the past five years

You have until May 25, 2027 to notify us if you believe you have qualified for the Promotional Offer and completed the Qualifying Criteria, but have not received your $500 Bonus Amount. Any notice received after this date will not be accepted and you will be deemed not to have qualified for this Promotional Offer.

You have until May 25, 2028 to notify us if you believe you have qualified for but have not received your $100 Bonus Amount. Any notice received after this date will not be accepted and you will be deemed not to have qualified for this Promotional Offer.

The credit card component features the RBC Cash Back Preferred World Elite Mastercard.

You can earn up to $300 cash back (15% extra cash back on your first $2,000 in Net Purchases within 3 months) plus a $100 anniversary bonus when you keep both your eligible chequing account and credit card open and in good standing for a minimum of 13 months.

Keep both your eligible RBC chequing account and your RBC Cash Back Preferred World Elite Mastercard open and in good standing for a minimum of 13 months. The $100 credit card anniversary bonus will be credited as a statement credit approximately 4 to 6 weeks after the first anniversary of your Credit Card Account opening.

Yes. The $100 credit card anniversary bonus requires both your eligible chequing account and your credit card to remain open and in good standing for a minimum of 13 months. If you close either product before the 13-month mark, you will forfeit the credit card anniversary bonus.