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 months¹. 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.

You can qualify for the offer by:

• Opening a new Day to Day Banking Account, as a primary owner between January 14, 2026 and March 31, 2026 at 9:00 PM EST
• Enrolling your eligible personal Banking Account into the Value Program at the same time you open the account
• Completing two of the following Qualifying Criteria from your new account by June 9, 2026 at 9:00 PM EST, which are:
  • 1 automated and recurring payroll or pension direct deposit or,
  • St up and complete 2 pre-authorized payments, or
  • Set up and complete 2 eligible bill payments to a service provider (i.e. utility bill, cable, etc.) through Online or Mobile Banking

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.
• Have attained the age of majority as defined in their province of residence prior to March 31, 2026.

See the full rbc.com/nofeeterms 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 June 24, 2027 if you have not received your Avion points. Any notice received after this date, will not be accepted and you will be deemed not to have qualified for this Promotional 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

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 March 24, 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 (2) Pre-Authorized Monthly Payments and have paid 2 bills and both payments are debited from the new eligible account by June 9, 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 June 9, 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.

If you qualify to receive the Avion points by meeting all applicable terms and conditions, the Reward will be deposited to the Rewards Account tied to your Eligible Personal Deposit Account between 6 and 10 weeks after meeting all the criteria.

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.

If you have any questions about the Avion Rewards program visit https://www.avionrewards.com/index.html.

You may not have received Avion points due to one of the following:

• If the qualifying criteria was not completed by June 9, 2026 at 9:00 PM EST.
• Your new eligible account was downgraded or closed prior to March 24, 2027
• The recurring payroll, two (2) bill payments or two (2) pre-authorized monthly payments were not recognized by RBC Royal Bank

Avion Rewards, Canada’s largest bank-owned loyalty program, brings you more ways to shop, earn, save, and redeem every day. With 3 membership levels: Avion Select, Avion Premium and Avion Elite, it’s easy to get rewarded, no matter how you shop or where you bank.

RBC Vantage is the way we describe all of the powerful benefits you can get just by having an eligible RBC bank account. There is no additional cost to enjoy these benefits—and you don’t need a minimum balance.

Here are just a few ways you can take advantage of these benefits:

Earn Avion points with an eligible bank account by enrolling your account in the Value Program and making debit purchases in-store or online using your enrolled account.¹⁹

Save on monthly fees when you enrol your account in the Value Program, have 2 or more additional eligible RBC product categories, and complete at least 2 out of 3 regular account activities (a pre-authorized payment, direct deposit or bill payment) with your enrolled account each month.¹⁴

Save 3¢/L on gas at Petro-Canada with every fill-up using your linked RBC card.⁶

Load available offers to your eligible RBC debit card and start getting rewarded with offers from popular brands.²⁰

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.

If you are opening a new account, you can enrol it in the Value Program at the same time you open the account. If you open an account online, simply enrol in the Value Program when you are invited to do so.

If you already have an eligible bank account, an RBC advisor can enrol your account in the Value Program for you. Please book an appointment, call 1-800-769-2511 or visit a branch.