Please go to rbc.com/nofeeterms.

The RBC Day to Day Banking account isn’t normally a no-monthly-fee account, but with this limited time offer you pay no monthly fee for 12 months. Keep in mind, other bank fees may apply, such as overdraft fees, bank draft fees and cheque fees, depending on how you use your account.

No – this offer does not 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.

To qualify for this offer you must:

• Be an “Eligible Personal Client” as defined in the Terms and Conditions for this offer
• Open a new RBC Day to Day Banking account as a primary owner before November 4, 2025 through a digital channel
• Be the age of majority as defined in your province of residence prior to January 13, 2026

The offer is available to Canadian residents who:

• have never had a Personal Banking account (chequing account) with RBC 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.

See the full Terms and Conditions for details.

There are a few ways you can open a personal bank account at RBC. To take advantage of this offer, however, you must open your account online, through RBC Online Banking or in the RBC Mobile app¹².

If you want to open your account another way (and not receive this offer), you can:

• Visit a branch
• Call 1-800-769-2511 (lines are open 24/7)

Please contact your branch or our Advice Centre at 1-800-769-2511 no later than April 8, 2026. If we receive notice after this date, you will not qualify for this offer.

If you see a monthly fee charge on your first statement, please don’t worry. You’ll be credited on your next month’s statement.

No. Only one offer is available per client, no matter how many eligible accounts you may open during the offer period.

If you switch from the RBC Day to Day Banking Account to another personal banking account during the offer period, the monthly fee for the new Day to Day Banking Account will not be waived and the monthly fee for the new personal banking account will apply from the day of the switch forward.

No. This offer is only for clients who have never had an RBC Personal Banking Account (chequing account) with RBC 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. Account switches do not qualify for this offer.

After your 12 months of this offer, the Day to Day Banking account comes with a $ 4 monthly fee^8,9. However, if you qualify for the RBC Value Program and enroll in it, your monthly fee will be rebated, meaning you will pay $0 monthly fee for this account. To qualify for the rebate under the Value Program you must:

• Have two other RBC products, such as a personal credit card, personal investment, residential mortgage or small business account
• Complete at least 2 out of 3 regular account activities, such as pre-authorized payment, direct deposit or eligible bill payment¹⁴

$150 will be deposited into your new eligible account within 6 to 10 weeks of you completing the Qualifying Criteria, provided that this is completed by March 24, 2026. This means two of the following activities were completed: your direct deposit payroll was deposited to your new account, two bill payments were made or two pre-authorized payments were debited from your new account.

Your new bank account must remain open and in good standing, and the Qualifying Criteria you performed to get the Cash Reward (such as payroll/pension deposit, bill payment or pre-authorized payment) must remain in effect until after January 13, 2027.

Only the primary account holder who is not an existing owner of a personal banking account is eligible for the offer. The primary account holder must not have previously been a joint account holder within the past 5 years.

Yes, as long as you set up and complete two pre-authorized monthly payments and pay two bills and both payments were debited from the new eligible account by March 24, 2026.

If you choose to qualify for this offer by setting up two pre-authorized monthly payments, the payments must be withdrawn from your account by March 24, 2026. You can set up the pre-authorized monthly payments from two different companies – or, if you set them up with the same company, they must be for different account numbers. Pre-authorized monthly payments include, but are not limited to, utility bill payments (hydro, water, cable, phone, internet), pre-authorized contributions to your investments and gym membership payments.

No. The $150 offer is limited to one reward per customer during the Promotional Period.

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

No. This offer is only for clients who have never had an RBC Personal Banking Account 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. Account upgrades do not qualify for this offer.

You may not have received the cash reward due to one of the following reasons:

• If the qualifying criteria was not completed by March 24, 2026.
• Your new eligible account was downgraded or closed prior to January 13, 2027.
• The recurring payroll, two (2) bill payments or two (2) pre-authorized monthly payments were not recognized by RBC Royal Bank

RBC is one of Canada’s largest banks (as measured by market capitalization) and most trusted brands. We’re a proud member of Canada Deposit Insurance Corporation (CDIC) and offer a range of bank accounts, credit cards, loans, mortgages, investments and more to fit your needs.

Learn more about RBC.

A chequing account is meant for your everyday transactions, such as withdrawing cash from an ATM, paying a bill, depositing a paycheque, and paying for groceries. It has the advantage of providing easy access to your money.