Choose From Two All-inclusive Accounts and Get Your $3001
How to Get Started
Set up your payroll or pension as a direct deposit, or two pre-authorized payments (PAP) by June 28, 2019 to qualify.
(The first direct deposit must be made or first payment of both PAPs must clear by June 28, 2019 to qualify)
We will deposit $300 cash directly into your new banking account1. Feel free to spend it any way you like. It's that easy!
Two All-Inclusive Accounts to Choose From
RBC Signature No Limit Banking
Monthly Fee: $14.95
($15.95 as of June 1, 2019)
Monthly Fee: $14.95
($15.95 as of June 1, 2019)
Not the right account for you?
Legal Disclaimer1)
This offer is available to Eligible Personal Clients without a Personal Banking Account with Royal Bank at the beginning of the Promotional Period, and otherwise comply with the Terms of the offer. The Bonus Offer is $300 with an RBC VIP Banking® (monthly fee of $30) or RBC Signature No Limit Banking®account (monthly fee of $14.95, increase to $15.95 effective June 1, 2019); or $100 with an RBC No Limit Banking® account (monthly fee of $10.95). You must open your first new Eligible Personal Banking Account by 9:00 PM EST on April 30, 2019 and complete one of the following Qualifying Criteria by 9:00 PM EST on June 28, 2019: set up and complete two pre-authorized payments from the Eligible Personal Banking Account; or one automated and recurring payroll or pension direct deposit to the Eligible Personal Banking Account. RBC has the right to determine what is considered payroll. To qualify you must be of the age of majority in the province or territory in which you reside on or before the start of the Promotional Period and a permanent resident of Canada. The Bonus Offer will be deposited into your Eligible Personal Banking Account within 2 to 8 weeks of completing the Qualifying Criteria. This offer may not be combined or used in conjunction with any other Personal Banking Account offers. Royal Bank of Canada reserves the right to withdraw this offer at any time without notice, even after acceptance by you. For full details including defined terms visit www.rbc.com/switchaccounts.
Legal Disclaimer2)
Unlimited FREE Interac e-Transfer transactions are available with all Canadian dollar personal banking (chequing) accounts and are not counted toward the free monthly total in accounts with a limited number of free debits. In all Canadian dollar savings accounts, transfers through the Interac e-Transfer service are $1 each, count as a Debit Transaction toward any free monthly total and carry an Excess Debit Transaction fee, if applicable. The Interac e-Transfer service is not available with U.S. dollar accounts.
Legal Disclaimer3)
Unlimited transactions: RBC ATM withdrawals, bill payments and Interac e-Transfer transactions. Excludes Interac access fees, PLUS System access fees and/or convenience fees charged by other service providers and other financial institutions when you use their ATMs. Other account fees may apply. Fees may also apply in other bank accounts to and from which you transfer funds.
Legal Disclaimer4)
RBC will refund the Interac network access fee for the RBC Signature No Limit Banking account up to a maximum of three (3) refunds per Monthly Cycle, if used (fee of $1.50 each thereafter). May not be carried over to the next monthly cycle if not used. ATM operator surcharge (also called convenience fee) charged by other ATM operators may apply. The convenience fee is not a Royal Bank of Canada fee. It is added directly to the amount of your cash withdrawal. All clients who use non-RBC ATMs may be charged a convenience fee regardless of the type of account they hold.
Legal Disclaimer5)
Subject to credit approval. As a sole or joint owner of an RBC Signature No Limit Banking (SNL) account and the primary cardholder of one of the eligible credit cards listed below, the annual fee of that eligible credit card will be fully or partially rebated (depending on the eligible credit card you choose), every year, as long as your eligible card remains in good standing and you remain an SNL account owner. Additional cardholders (co-applicants and authorized users) do not qualify for the annual fee rebate, even if they are also owners of an SNL account. Only one credit card annual fee rebate per SNL account is allowed, which means that if you own a joint SNL account and each co-owner is also the primary cardholder of an eligible credit card, only the primary owner of the SNL account will be entitled to the credit card annual fee rebate. Other conditions and restrictions apply. Rebates that apply to eligible credit cards are: 1) $39 rebate (annual fee fully rebated) for: Signature RBC Rewards Visa and WestJet RBC Mastercard card, or 2) $35 rebate (annual fee partially rebated) for: RBC Avion Visa Infinite Privilege, RBC Visa Infinite Avion, RBC Visa Platinum Avion, RBC Rewards Visa Preferred, RBC U.S. Dollar Visa Gold, RBC British Airways Visa Infinite, RBC Cathay Pacific Visa Platinum, RBC Cash Back Preferred World Elite Mastercard and WestJet RBC World Elite Mastercard. Royal Bank of Canada reserves the right to withdraw this offer at any time, even after acceptance by you.
Legal Disclaimer6)
On operating account only.
Legal Disclaimer7)
Foreign currency purchases paid by withdrawal from your Canadian dollar account are converted to Canadian dollars at an exchange rate 2.5% over the Interbank Spot Rate (as defined by Interac Corp.), effective at time of processing. Since exchange rates fluctuate, the rate applied will usually differ from the posted exchange rate at the time of your purchase.
Legal Disclaimer8)
Unlimited non-RBC ATM use in Canada and the U.S. ATM operator surcharge (also called a convenience fee) may be charged by other ATM operators. The convenience fee is not a Royal Bank of Canada fee and is added directly to the amount of your cash withdrawal. All clients who use non-RBC ATMs may be charged a convenience fee regardless of the type of account they hold. Each account cash withdrawal at an ATM outside Canada displaying the PLUS System symbol and any fees that may be imposed by any third party for using the ATM are converted to Canadian dollars at an exchange rate which is 2.5% above the bench mark rate set by the payment card company when the transaction is posted. Exchange rates fluctuate and, as such, the rate applied will usually differ from the posted exchange rate at the time of the transaction.
Legal Disclaimer9)
Subject to credit approval. As a sole or joint owner of an RBC VIP Banking (VIP) account and the primary cardholder of one of the eligible credit cards listed below, the annual fee of that eligible credit card will be fully or partially rebated (depending on the eligible credit card you choose), every year, as long as your credit card remains in good standing and you remain a VIP account owner. Additional cardholders’ annual fee is also fully or partially rebated (depending on the eligible credit card you choose), every year, as long as your eligible credit card remains in good standing and you remain a VIP account owner. Only one credit card annual fee rebate per VIP account is allowed, which means that if you own a joint VIP account and each co-owner is also the primary cardholder of an eligible credit card, only the primary owner of the VIP account will be entitled to the credit card annual fee rebate. Other conditions and restrictions apply. Rebates that apply to eligible credit cards are: (i) partial rebate of $120 for the primary cardholder and $50 for the co-applicant on the annual fee of an RBC Avion Visa Infinite Privilege card, and (ii) annual fee fully rebated for the primary cardholder and the additional cardholders (co-applicant and authorized users) on any of the following cards: RBC Visa Infinite Avion, RBC Visa Platinum Avion, RBC Rewards Visa Preferred, RBC U.S. Dollar Visa Gold, RBC British Airways Visa Infinite, RBC Cathay Pacific Visa Platinum, RBC Cash Back Preferred World Elite Mastercard and WestJet RBC World Elite Mastercard. Royal Bank of Canada reserves the right to withdraw this offer at any time, even after acceptance by you.
Legal Disclaimer10)
To participate in this program, you must have an RBC debit or credit card which is issued by Royal Bank of Canada (excluding RBC commercial credit cards) (“Eligible RBC Card”). You must be enrolled in RBC Online Banking in order to link your Eligible RBC Card to your Petro-Points card. Card linking may take up to 2 business days to process before savings and bonus points can be applied to purchases. For more information on the linked loyalty program visit rbc.com/petrocanada. Each time you use your linked Eligible RBC Card to pay for qualifying purchases at a retail Petro-Canada location, you will earn a bonus of twenty percent (20%) more Petro-Points than you normally earn, in accordance with the Petro-Points terms and conditions available at petro-points.com/terms.
Legal Disclaimer11)
Royal Bank of Canada received the highest score among Big Five Retail Banks in the J.D. Power 2016-2018 Canadian Retail Banking Satisfaction Studies of customers’ satisfaction with their retail bank. Visit jdpower.com
Other Eligible Accounts
| RBC No Limit Banking | RBC No Limit Banking for Students | RBC Student Banking | RBC Leo's Young Savers Account |
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Monthly Fee: $10.95
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Monthly Fee: $10.95
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Monthly Fee: Free
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Monthly Fee: Free
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Legal Disclaimer1)
This offer is available to Eligible Personal Clients without an existing Personal Banking Account with Royal Bank of Canada or any of its deposit taking affiliates at the beginning of the Promotional Period, and otherwise comply with the Terms of the offer. The Bonus Offer is $300 with an RBC VIP Banking® (monthly fee of $30) or RBC Signature No Limit Banking® account (monthly fee of $14.95, increase to $15.95 effective June 1, 2019); or $100 with an RBC No Limit Banking® account (monthly fee of $10.95). You must open your first new Eligible Personal Banking Account by 9:00 PM EST on April 30, 2019 and complete one of the following Qualifying Criteria by 9:00 PM EST on June 28, 2019: set up and complete two pre-authorized payments from the Eligible Personal Banking Account; or one automated and recurring payroll or pension direct deposit to the Eligible Personal Banking Account. RBC has the right to determine what is considered payroll. To qualify you must be of the age of majority in the province or territory in which you reside on or before the start of the Promotional Period and a permanent resident of Canada. The Bonus Offer will be deposited into your Eligible Personal Banking Account within 2 to 8 weeks of completing the Qualifying Criteria. This offer may not be combined or used in conjunction with any other Personal Banking Account offers. Royal Bank of Canada reserves the right to withdraw this offer at any time without notice, even after acceptance by you. For full details including defined terms visit www.rbc.com/switchaccounts.
Legal Disclaimer2)
If you have an eligible banking account and two or more qualifying, eligible RBC products in the same geographic location (region), you may receive a partial or full rebate on your Monthly Fee. Some conditions apply. For more information on the MultiProduct Rebate visit any RBC Royal Bank branch, call 1-800-769-2511 or view the full Disclosures and Agreements Booklet.
Legal Disclaimer3)
This offer is available to any Eligible Student Clients without a Personal Banking Account with Royal Bank at the beginning of the Promotional Period or in the three year period before the start of the Promotional Period, and who otherwise comply with the Terms of the offer. The Bonus Offer is $100 with an RBC No Limit Banking for Students® account (monthly fee of $10.95) or $60 with an RBC Student Banking® account or $25 with an RBC Leo’s Young Savers Account®. You must open your first new Eligible Personal Banking Account by 9:00 PM EST on April 30, 2019 and complete two of the following Qualifying Criteria by 9:00 PM EST on June 28, 2019 using your Eligible Personal Banking Account: mobile cheque deposit, Interacǂ e-Transfer; or any purchase - including those done with RBC Virtual Visaǂ Debit, Apple Pay, Samsung Pay or with the RBC Wallet. Qualifying Criteria can be made within RBC Online Banking, RBC Mobile Banking or with your RBC Client Card. Transactions made in branch or through the ATM network, as well as bank fee transactions, are not included as a qualifying transaction. No qualifying transactions or purchases are required for the $25 Bonus Offer with the RBC Leo’s Young Savers Account.
The Bonus Offer will be deposited into your Eligible Personal Banking Account within 2 to 8 weeks of completing the Qualifying Criteria, if applicable. Royal Bank may follow up with Eligible Student Clients to remind them to complete the Qualifying Criteria.
This offer may not be combined or used in conjunction with any other Personal Banking Account offers. Royal Bank of Canada reserves the right to withdraw this offer at any time without notice, even after acceptance by you.
For full details including defined terms visit rbc.com/switchaccounts.
Legal Disclaimer4)
If you are a post-secondary student and are the Primary Owner or co-owner of an RBC Student Banking or RBC No Limit Banking for Students account (each an Eligible Bank Account) and the primary cardholder of one of the eligible RBC Royal Bank credit cards listed below, you may be entitled to a rebate on your annual fee, every year, as long as you:
Legal Disclaimeri)
complete the Student Information section of the credit card application form in full;
Legal Disclaimerii)
remain a student; and
Legal Disclaimeriii)
are the primary or co-owner of an Eligible Bank Account throughout your studies.
| Eligible Credit Cards | Annual Fee Rebate |
|---|---|
| Signature RBC Rewards® Visa card† | $39 |
| WestJet RBC Mastercard‡ | $39 |
Legal Disclaimer
Subject to credit approval
Legal Disclaimer
You will continue to benefit from the rebate on your annual fee: i) until you close your Eligible Bank Account, or ii) until the Expected Graduation Year you have provided upon opening your Eligible Bank Account, whichever comes first. Thereafter, you will no longer receive the rebate on the annual fee.
If, for some reason, the Expected Graduation Year you have provided at the time of opening your Eligible Bank Account differs from the one you indicate on your credit card application form, the Expected Graduation Year you have provided at the time of opening of your Eligible Bank Account will prevail and be used for determining the expiry of this offer.
Additional cardholders are not eligible for this offer. Only one credit card annual fee rebate per Eligible Bank Account is allowed. This means that if both the primary owner and co-owner of an Eligible Bank Account are also the primary cardholders of an Eligible Credit Card each, only the primary owner of the Eligible Bank Account will be entitled to the credit card annual fee rebate.
Legal Disclaimer5)
Debit transactions made using your RBC Virtual Visa Debit Number do not count against any monthly transaction limits applicable to your personal deposit account. Other account fees may apply. Please see the RBC Royal Bank Disclosures and Agreements related to Personal Deposit Accounts booklet or other applicable account agreement for further details.
Legal Disclaimer6)
RBC Virtual Visa Debits, Third-party payment Debits, RBC Royal Bank loan payments, RBC Royal Bank mortgage payments, pre-authorized and self-serve RBC Royal Bank credit card payments and contributions to RBC investment accounts (such as GICs, Royal Mutual Funds, Registered Savings Plans, Registered Education Savings Plans, Registered Disability Savings Plans and Tax-Free Savings Accounts) from your RBC Day to Day Banking Account, U.S. Personal Account, Leo’s Young Savers Account or RBC Student Banking Account are free of charge. All other Debit Transactions from these Accounts are counted as Debit Transactions towards the free monthly Debit Transactions included in the Account, and give rise to an Excess Debit Transaction Fee if the total free monthly Debit Transactions are exceeded.
Where can I find the full terms and conditions for this offer?
Please go to rbc.com/switchaccounts.
How do I qualify for this offer?
This offer is available to a select group of clients who open a new eligible RBC personal banking account (RBC Signature No Limit Banking® or RBC VIP Banking®) during the promotional period, and don’t already have an existing RBC personal banking account. You must also be the primary account holder on the new eligible account, and complete one of the two criteria (set up and complete two (2) Pre-Authorized Payments or one (1) recurring Payroll or Pension Direct Deposit) by June 28, 2019. Please see the Terms and Conditions for details.
If I opened a joint account with my partner then do we each receive the cash reward?
Only the primary account holder who is not an existing owner of a personal banking account is eligible for the offer.
Can I still qualify if I don’t use an automated recurring payroll direct deposit?
Yes, as long as you set up and complete two (2) Pre-Authorized Payments and both payments are debited from the new eligible account by June 28, 2019.
What types of payments count as Pre-Authorized Payments and meet with the offer requirements?
If you choose to qualify for this offer with the two (2) pre-authorized payments (PAPs) option the payments must be withdrawn from your new eligible account by June 28, 2019. You can set up the two (2) pre-authorized payments from two (2) different companies or if you set them up with the same company, the 2 pre-authorized payments must be for different account numbers. Pre-authorized 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.
When will I receive the cash reward if I qualify?
After completing the criteria by June 28, 2019, the cash reward will be deposited into your new eligible account within 2 to 8 weeks of you completing the Qualifying Criteria. This means either your direct deposit payroll has been deposited to your new account OR the two pre-authorized payments you set up have both been debited from your new account.
I did not receive the cash reward. What could be the reason?
You may have not received the cash reward due to one of the following:
- If the qualifying criteria was not completed by June 28, 2019.
- Your new eligible account was downgraded or closed prior to June 28, 2019.
- The recurring payroll or two (2) pre-authorized payments were not recognized by RBC Royal Bank
I believe I qualified but I did not receive the cash reward. What do I do?
Please contact your branch or our Advice Centre on 1-800-769-2511 no later than June 28, 2019, if you have not received your Cash Reward. Any notice received after this date, will not be accepted and you will be deemed not to have qualified for this Promotional Offer.
How long does my account and qualifying criteria have to remain open?
Your Eligible Personal Banking Account must remain open and in good standing, and the Qualifying Criteria you performed to get the Cash Reward (such as payroll/pension deposit or pre-authorized payment) must remain in effect until one year after June 28, 2019.