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Royal Bank of Canada
Summer 2025 iPad Offer

Terms & Conditions

Attention Group Advantage Clients: If you are employed by a company that has entered into an RBC Group Advantage agreement with us and has an active RBC Group Advantage plan (including Group Savings, Group Banking and Mortgage Assistance Program), then these terms and conditions do not apply to you. To see the terms and conditions that apply to Group Advantage clients, please visit rbc.com/groupterms;

Attention Group Advantage Clients: If you are employed by a company that has entered into an RBC Group Advantage agreement with us and has an active RBC Group Advantage plan (including Group Savings, Group Banking and Mortgage Assistance Program), then these terms and conditions do not apply to you. To see the terms and conditions that apply to Group Advantage clients, please visit rbc.com/groupterms;

PART A

Definitions

“Eligible Investments Account” means any of the following new or existing personal investment accounts offered by Royal Bank of Canada, Royal Mutual Funds Inc. (RMFI), RBC Direct Investing Inc. (RBC Direct Investing), or RBC InvestEase Inc. (RBC InvestEase):

Responsive Table
Royal Bank of Canada Royal Mutual Funds Inc. RBC Direct Investing Inc. RBC InvestEase Inc.
TFSA TFSA TFSA TFSA
RRSP RRSP RRSP RRSP
Non-Registered Investment Account Non-Registered Investment Account Non-Registered Investment Account/ Margin Account Non-Registered Investment Account
Locked in Retirement Account (LIRA) Locked in Retirement Account (LIRA) Locked in Retirement Account (LIRA) FHSA
Locked In Fund (LIF) Account Locked In Fund (LIF) Account Locked In Fund (LIF) Account
RESP RESP RESP
RDSP RDSP FHSA
Investment Advantage Account Investment Advantage Account
Deferred Profit Sharing Plan (DPSP) Deferred Profit Sharing Plan (DPSP)

Notes:

Where available RRSP includes Spousal RRSP and Group RRSP, and TFSA includes Group TFSA as well.

All non-personal accounts and RRIF accounts will not be eligible for the Investments Promotional Offer.

All the net contributions in the above Eligible Investments Accounts will count towards your eligibility for the Investments Promotional Offer except all Redeemable GICs and Non-Redeemable GICs with a term of less than 1 year.

“Eligible Personal Banking Account” means any of the following accounts:

  • RBC Signature No Limit Banking® (monthly fee of $16.95); or
  • RBC VIP Banking® (monthly fee of $30)

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

  • a. Is a resident of Canada, and by November 3, 2025 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;
  • b. Does not have an existing Personal Banking Account with us;
  • c. 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; and
  • d. Has a valid deliverable email address associated with their client profile with us by November 3, 2025. (Note: It is your responsibility to keep your email address with us current by updating it in RBC Online Banking, contacting the RBC Royal Bank Advice Centre, or visiting an RBC Royal Bank Branch.)

“Holding Period” means the period starting by 9:00 PM Eastern Time on the day of opening the Eligible Personal Banking Account and ending 11:59PM Eastern Time 365 days later;

“Investments Promotional Offer” means the offer as defined in Section 3;

“Investments Qualifying Criteria” means the conditions set out in Section 4;

“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;

“Personal Banking Promotional Offer” means the offer as defined in Section 1;

“Personal Banking Qualifying Criteria” means the conditions set out in Section 2;

“Primary Owner” means the person we designate as the primary owner of a jointly-held Personal Banking Account;

“Promotional Offer” means the Personal Banking Promotional Offer together with the Investments Promotional Offer;

“Promotional Period” means the period starting on July 3, 2025 and ending at 9:00 PM Eastern Time on November 3, 2025;

“Qualifying Net Contributions” means the total of all contributions collectively deposited or transferred (in cash or in-kind) into the Eligible Investments Accounts net of all withdrawals or transfers within the 90 days after opening the Eligible Personal Banking Account. Contributions or transfers from non-RBC affiliated legal entities and RBC Personal Banking Accounts will qualify but contributions or transfers from other RBC-affiliated legal entities (including but not limited to RBC Dominion Securities and RBC PH&N), All redeemable GICs and Non-Redeemable GICs with term of less than 1 year will not qualify for these Qualifying Net Contribution calculations. Securities not listed on a Canadian or U.S marketplace that are transferred in-kind to an Eligible Investments Account at RBC Direct Investing are not counted towards Qualifying Net Contributions, and do not qualify under the Investments Promotional Offer. For the purposes of calculating Qualifying Net Contributions, any transactions in currencies other than Canadian Dollars will be converted into Canadian dollars based on the end of day valuation on the transaction date.

“Reward” means the Personal Banking Reward or the Investments Reward, as applicable

“RBC Employees” mean all our employees and pensioners.

“Terms” mean these terms and conditions that govern this Promotional Offer;

“you” and “your” mean any Eligible Personal Client;

“we”, “us”, “our” and “Royal Bank” mean Royal Bank of Canada, RMFI, RBC Direct Investing and/or RBC InvestEase

PART B

  • The Personal Banking Promotional Offer

    Provided you fulfill the Personal Banking Qualifying Criteria in Section 2 and the conditions set out in Section 5 below, you may elect to receive the following (subject to availability at time of selection; see additional terms and conditions below):

    Apple 11-inch iPad Wi-Fi 128GB, Model # MD3Y4CL/A (Silver); MD4A4CL/A (Blue); MD4D4CL/A (Yellow); MD4E4CL/A (Pink)

    (each such item individually referred to as the “Personal Banking Reward”)

  • Qualifying Criteria for the Personal Banking Promotional Offer

    To qualify for this Promotional Offer you must:

    • Be an Eligible Personal Client;
    • Open an Eligible Personal Banking Account during the Promotional Period; and;
    • Complete at least two of the following by 9:00 PM Eastern Time by the 90th day after opening the Eligible Personal Banking Account:
      • 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. For greater certainty, this means that you will not qualify if you split your payroll deposit from one employer or pension deposit from one provider between your new Eligible Personal Banking Account and any other account. We reserve the right to determine what is considered payroll and whether any payroll deposit has been split. The first payroll or pension deposit must also be credited to your new Eligible Personal Banking Account by 9:00 PM Eastern Time by the 90th day after opening the Eligible Personal Banking Account.
      • Set up two (2) pre-authorized monthly payments (“PAPs”) – such as a pre-authorized eligible bill payment to a service provider (i.e. utility bill, gym membership) or pre-authorized payment to an RBC mortgage, loan, Royal credit line, or contribution to your RBC investment account – from your new Eligible Personal Banking Account. PLEASE NOTE: Any bill payments (pre-authorized or otherwise) made using a Virtual Visalegal disclaimer ‡ Debit will not qualify. The first payment of each PAP must be debited and must clear from your new Eligible Personal Banking Account by 9:00 PM Eastern Time by the 90th day after opening the Eligible Personal Banking Account.
      • Set up two (2) eligible bill payments to a service provider from your new Eligible Personal Banking Account. PLEASE NOTE: To qualify, eligible bill payments must be completed through RBC online banking, the RBC mobile app, using an RBC ATM, or using telephone banking services. Excludes any bill payment made in-person at an RBC Royal Bank branch with an RBC advisor, and any bill payment made to an RBC credit card account, and any bill payment made using RBC Virtual Visalegal disclaimer ‡ Debit. The eligible bill payments must be debited and must clear from your new Eligible Personal Banking Account by 9:00 PM Eastern Time by the 90th day after opening the Eligible Personal Banking Account.
  • The Investments Promotional Offer

    Provided you fulfill the Personal Banking Qualifying Criteria in Section 2, the Investments Qualifying Criteria in Section 4 and the conditions set out in Section 5 below, you may elect to receive one of the following (subject to availability at time of selection; see additional terms and conditions below):

    Apple 11-inch iPad Wi-Fi 128GB, Model # MD3Y4CL/A (Silver); MD4A4CL/A (Blue); MD4D4CL/A (Yellow); MD4E4CL/A (Pink)

    Or;

    Apple 13-inch MacBook Air: M4 chipwith 10-core CPU and 8-core GPU, 16GB, 256GB SSD, Model # MC6T4C/A (Bleu ciel, Français); MC6T4LL/A (Sky Blue); MW0W3C/A (Argent, Français); MW0W3LL/A (Silver); MW0Y3C/A (Comète, Français); MW0Y3LL/A (Starlight); MW123C/A (Minuit, Français); MW123LL/A (Midnight)

    Or;

    Apple 11-inch iPad Pro Wi-Fi 256GB with Standard Glass, Model # MVV83CL/A (Space Black); MVV93CL/A (Silver)

    (each such item individually referred to as the “Investments Reward”)

  • Investments Qualifying Criteria for the Investments Promotional Offer

    To qualify for this Investments Promotional Offer you must fulfill the Personal Banking Qualifying Criteria in Section 2 and the Investments Qualifying Criteria below: Be the primary account holder of an Eligible Investments Account by 9:00 PM Eastern Time by the 90th day after opening the Eligible Personal Banking Account;

    • Transfer-in or deposit Qualifying Net Contributions of at least C$50,000 into any Eligible Investments Account, or collectively into any combination of Eligible Investments Accounts by 9:00 PM Eastern Time by the 90th day after opening the Eligible Personal Banking Account;
    • Maintain the minimum Qualifying Net Contributions required under the Investments Promotional Offer until 365 days after opening the Eligible Personal Banking Account (the “Holding Period”)
  • Conditions that apply to the Promotional Offers

    The following conditions also apply to these Promotional Offers:

    • The Promotional Offers are available to Eligible Personal Clients only.
    • RBC Employees are not eligible to participate in the Promotional Offers. However, (subject to 5.d. below), if an RBC Employee is a co-owner on a jointly-held Eligible Personal Banking Account, the Promotional Offer may still be earned by another co-owner on the Eligible Personal Banking Account other than the RBC Employee, provided the remaining conditions are fulfilled by the other co-owner(s);
    • Only one Reward per Eligible Personal Client, no matter how many Eligible Personal Banking Accounts or Personal Investments Accounts you may open during the Promotional Period;
    • Only one Reward per Eligible Personal Banking Account, even if the Eligible Personal Banking Account is opened jointly and the Personal Banking Qualifying Criteria and Investment Qualifying Criteria are fulfilled by more than one co-owner. In this case, only the co-owner designated as the Primary Owner at the time of opening of the joint Eligible Personal Banking Account will qualify for the Promotional Offer.
    • The Reward is only available while supplies last. While we reserve the right to substitute the Reward with an offer of equal value, we are not obligated to do so.
    • Eligible Personal Clients are not entitled to a change, upgrade or substitution of the Reward upon selection.
    • Your Eligible Personal Banking Account must remain open and in good standing, and the Personal Banking Qualifying Criteria you performed to receive the Reward (for example, setting up payroll/pension deposit or pre-authorized payments) must remain in effect until at least November 3, 2026.
    • If you received the Reward and then downgraded, changed or closed your Eligible Personal Banking Account or undid any of the Personal Banking Qualifying Criteria you performed to receive the Reward (for example, cancelled a payroll/pension deposit or pre-authorized payment) at any time prior to November 3, 2026, or fail to maintain the minimum Qualifying Net Contributions required until the end of the Holding period (i.e. you withdraw part or all of your contributions and/or close your Eligible Investments Account at any time prior to 365 days after completing the Investments Qualifying Criteria), we reserve the right to debit your Eligible Personal Banking Account or any of your accounts with us for the value of the Reward you selected, as described in the table below, plus applicable taxes, even if this places your account into overdraft or causes you to exceed your account’s credit limit, as relevant. If your Eligible Personal Banking Account is closed and you do not have any other account with us at that time, we will send you an invoice for the value of the Reward you selected, as described in the table below plus applicable taxes, which you agree to pay within 30 days from the date of receipt, which shall be deemed to be 5 business days from its postmark date.
      Responsive Table
      Reward Model Value
      (after any initial payment)
      Personal Banking Promotional Offer
      Apple 11-inch iPad Wi-Fi 128GB       		MD3Y4CL/A
      MD4A
      4CL/A
      MD4D4CL/A
      MD4E4CL/A       		$ 499
      Investments Promotional Offer
      Apple 13-inch MacBook Air (M4) 10-core CPU and 8-core GPU, 16GB, 256GB SSD       		MC6T4C/A
      MC6T4LL/A
      MW0W3C/A
      MW0W3LL/A
      MW0Y3C/A
      MW0Y3LL/A
      MW123C/A
      MW123LL/A       		$1,399
      Investments Promotional Offer
      Apple 11-inch iPad Pro Wi-Fi 256GB with Standard Glass       		MVV83CL/A
      MVV93CL/A       		$1,399
    • In order to select and receive the Reward, you must have a valid deliverable email address associated with your client profile with us by November 3, 2025. It is your responsibility to keep your email address with us current by updating it in RBC Online Banking, contacting the RBC Royal Bank Advice Centre, or visiting an RBC Royal Bank Branch, and we will not be responsible for any failure by you to do so or for any consequences arising from such failure;
    • Starting July 29, 2025, we will notify you – by way of an email sent to the email address you have provided to us – when you have fulfilled the Personal Banking Qualifying Criteria and the Investments Qualifying Criteria for the Promotional Offer. If you only complete the Personal Banking Qualifying Criteria we will notify you after the 90th day after opening the Eligible Personal Banking Account for the Promotional Offer. This message will be sent at any time up to ten business days after we have determined that all Personal Banking Qualifying Criteria and/or Investments Qualifying Criteria have been completed by you. The email message will contain a secure link that will permit you to visit a secure online store where you can select your Reward and confirm an address for delivery, as well as any other shipping details;
    • If you believe you have qualified for the Promotional Offer but have not received the email described immediately above informing you of your qualification, you have until February 13, 2026 to inform us accordingly, so that we may check whether you have indeed qualified for the Promotional Offer. 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 March 13, 2026 to use the secure link provided in the email informing you of your qualification for the Promotional Offer and to select your Reward. Any attempt to use the link after this date will not be accepted and you will be deemed to have forfeited the Promotional Offer and any entitlement to the Reward;
    • We will ship the Reward to the address you provide when you selected the Reward, as long as it is an address with a civic number and street name and is located in Canada. We will not ship to any post office box (P.O. Box);
    • We may send you an email notification informing you that your Reward has been shipped and/or providing you with a tracking number. It is your responsibility to keep your email address current. If a tracking number has been provided, it is your responsibility to track and make any arrangements necessary to receive delivery of the Reward;
    • A receipt or other record (e.g., by the carrier) of delivery at the address you provided when you selected your Reward, will be sufficient evidence of your receipt of the Reward, regardless of whether the signature on the receipt corresponds to a signature that appears in our records for the Eligible Personal Banking Account.
    • We are not responsible for any failure, malfunction or defect in the Reward itself, nor for any services related to it. Any complaint, inquiry, or communication related to any failure, malfunction or defect in the Reward, as well as any services related to it, should be addressed directly to the Reward’s manufacturer.
    • The Promotional Offer is only available to individuals who, prior to November 3, 2025 have reached the age of majority in the province or territory in which they reside, and who have met all other criteria to be considered an Eligible Personal Client. If the age of majority is reached between July 3 and, November 3, 2025 but all other Qualifying Criteria are otherwise met prior to the 90th day after opening the Eligible Personal Banking Account, the email referred to in 5.j. above will be sent following the date on which the age of majority is reached, only upon the occurrence of which will the individual be considered an Eligible Personal Client capable of qualifying for the Promotional Offer.
    • There may be tax implications associated with the Investments Promotional Offer and the Personal Banking Promotional Offer. You will be solely responsible for any tax consequences associated with the Investments Promotional Offer and the Personal Banking Promotional Offer and/or the transfer of any assets into the Eligible Investment Account(s). Please consult your personal tax advisor for more information.
    • It is your responsibility to ensure that you do not exceed your contribution limits in your Eligible Investment Accounts. Contributions in excess of your personal contribution room may be subject to a tax penalty. You acknowledge and agree that we will not be held liable for any penalties, direct or indirect losses, damages, or opportunity costs suffered or incurred by you or any third party as a result of your participation in the Promotional Offer.
  • Additional Conditions that apply to all Promotional Offers
    • The Promotional Offer and these Terms do not, in any way, affect any of the service fees related to the operation of any of our personal deposit accounts, credit card accounts and business banking accounts, which continue to apply.
    • The Promotional Offer shall not be combined with any other of our Personal Banking Accounts offers or promotions, except as may be permitted in accordance with the terms and conditions of offers or promotions by RBC that are applicable to Newcomers (which term shall have the meaning given to it under the terms and conditions of the applicable offer(s)) or promotions applicable to individuals 55 years of age or older. The Promotional Offer shall also not be combined with any other offers or promotions by the Royal Bank of Canada or any affiliated entity, including without limitation, Royal Mutual Funds Inc., RBC Direct Investing Inc. and RBC InvestEase Inc. , except as may be permitted in accordance with the terms and conditions of the other offers or promotions. Contact us by visiting an RBC Royal Bank branch or calling us at 1-800-769-2511 for details.
    • We reserve the right to change the Promotional Offer and these Terms at any time. The posting of the current Terms at www.rbc.com/ipadoffer shall be deemed sufficient notice to you of such Terms and any changes, if required.
  • Limitations that apply to all Promotional Offers
    • We reserve the right to cancel the Promotional Offer at any time for any reason at our complete discretion without notice.
    • In the event of a conflict between these Terms and the content of any document, brochure or promotional material advertising the Promotional Offer, these Terms shall prevail. You may always view the current Terms by visiting www.rbc.com/ipadoffer or you may call 1-800-769-2511 to request a current copy.
    • We reserve the right, in our sole discretion, to suspend, disqualify, limit or revoke this Promotional 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 Promotional Offer, including any person whose overall client relationship with us is in our opinion not in good standing.

This Offer is distributed by Royal Bank of Canada. Royal Bank of Canada, RBC Direct Investing Inc (RBC Direct Investing), RBC InvestEase Inc. (RBC InvestEase) and Royal Mutual Funds Inc. (RMFI) are separate corporate entities which are affiliated. RBC Direct Investing, RBC InvestEase and RMFI are wholly owned subsidiaries of Royal Bank of Canada. Other products and services may be offered by one or more separate corporate entities that are affiliated to Royal Bank of Canada, including without limitation: RBC Direct Investing, RBC InvestEase, RMFI, RBC Dominion Securities, RBC Global Asset Management Inc., Royal Trust Corporation of Canada and The Royal Trust Company.

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 InvestEase Inc. is registered as a restricted portfolio manager in all provinces and territories of Canada and provides access to model portfolios consisting of RBC iShares ETFs. Each model portfolio holds up to 100% of RBC iShares ETFs. RBC iShares ETFs are comprised of RBC ETFs managed by RBC Global Asset Management Inc. (RBC GAM) and iShares ETFs managed by BlackRock Canada Limited (BlackRock Canada). RBC GAM and BlackRock Canada entered into a strategic alliance to bring together their respective ETF products under the RBC iShares brand, and to offer a unified distribution support and service model for RBC iShares ETFs. RBC InvestEase Inc. uses the business name RBC InvestEase.

RBC Direct Investing 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. RBC Direct Investing 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.

®/TM Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada.

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