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Royal Bank of Canada
Avion Rewards™ in RBC Group Advantage Offer
Terms & Conditions

What the Words Mean

“you” and “your” an Eligible RBC Group Advantage™ Client;

“we”, “us”, “our” and “Royal Bank” mean Royal Bank of Canada and companies under RBC®;

“Air Travel Redemption Schedule” means the current RBC® Air Travel Redemption Schedule issued by Royal Bank, which may be found at www.avionrewards.com and which is available exclusively to Avion® cardholders under its Avion Rewards program and to you for redemption of Points for airline tickets;

“Credit Card Base Offer” means the offer described in Section 3;

“Eligible Bank Account for the Residential Mortgage Base Offer” means any of the following accounts: RBC VIP Banking®, RBC Signature No Limit Banking®, RBC Student Banking®, RBC No Limit Banking®, RBC Advantage Banking®, RBC Day to Day Banking®, RateLink Preference®, RateLink Preference – Sixty-Plus®, RateLink Essential®, RateLink Essential - Sixty Plus®, Sixty Plus - Signature Plus®, RBC Private Banking®, RateLink Preference – Private Banking®, RBC Private Banking Savings® and RBC Private Banking Enhanced Savings®;

“Eligible Credit Card” means the RBC Visa Infinite‡ Avion, RBC Royal Bank® Visa‡ Platinum Avion, RBC ION+ Visa card and RBC ION Visa card;

“Eligible Personal Banking Account” means any of the following accounts: RBC Signature No Limit Banking®, RBC VIP Banking®, RBC Day to Day Banking®, RBC Advantage Banking® and RBC No Limit Banking for Students® account,

“Eligible Avion Rewards Credit Card” means any of the following RBC Royal Bank® credit cards that earns Avion points, and such other credit cards Royal Bank may choose to designate from time to time: RBC Visa Infinite‡ Avion®, RBC Royal Bank® Visa‡ Platinum Avion, RBC Rewards® Visa Preferred, RBC ION+ Visa, RBC ION Visa, RBC Rewards Visa Classic, RBC Royal Bank Visa Classic II Student, and RBC Royal Bank U.S. Dollar Visa Gold cards;

“Eligible RBC Group Advantage Client” means an individual employed by a company with whom we have entered into an RBC Group Advantage agreement and with whom we have an active RBC Group Advantage plan (including Group Savings, Group Banking and Mortgage Assistance Program). Eligibility for the RBC Group Advantage Offers starts on the day the individual becomes an employee of such company and ends on the day the individual is no longer an employee of such company;

“Eligible Residential Mortgage” means any of the following RBC Royal Bank® mortgage products (applicable only to a purchase transaction or switch from another Canadian financial institution) with 4, 5 and 7 year, fixed rate, and 5 year variable rate, closed terms with a maximum 120-day rate guarantee: conventional or default insured residential mortgages, RBC Homeline Plan® mortgage segments that are funded on the same day the Residential Mortgage Base Offer is extended, and builder retail mortgages with a single advance on completion;

“Existing Personal Client” means a client who has an existing deposit account with us before opening an Eligible Personal Banking Account in this RBC Group Advantage Offer;

“Good Standing” means, (i) when related to a credit card account, an account that is not more than two (2) account statement periods past due and is not closed, charged off or in credit revoked status, in accordance with our credit risk policies in effect from time to time and (ii) when related to a Personal Banking Account, means a banking account that is not overdrawn;

“Ineligible Residential Mortgage” means any of the following RBC Royal Bank® mortgage products and transactions: RBC Homeline Plan® with balances in Royal Credit Line® segments, a subsequent advancement of funds under RBC Homeline Plan mortgage segments or reallocations, single advance builder mortgages with an extended rate guarantee (i.e. greater 120 days), single advance builder mortgages with an initial extended rate guarantee that have been switched to retail pricing within 120 days of completion, and construction mortgages with progress advances or construction drawdowns, port transactions (straight, decrease or increase), assumption of an existing mortgage, refinancing an existing RBC Royal Bank® mortgage or RBC Homeline Plan, transfer of a residential mortgage to a RBC Homeline Plan, RBC Homeline Plan transferred to a residential mortgage, renewal of an existing RBC Royal Bank mortgage at or prior to the maturity date, and a conversion of an existing variable rate term mortgage to a fixed term rate mortgage;

“New Personal Client” means a client who does not have and who has not had for at least 90 days from the date of opening an Eligible Personal Banking Account in this RBC Group Advantage Offer, any deposit account with us;

“Personal Base Offer” means the offer described in Section 1;

“Personal Banking Account” means any of the following accounts: RBC Day to Day Banking®, RBC No Limit Banking®, RBC Advantage Banking®, RBC Student Banking®, RBC Leo’s Young Savers Account®, 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;

“Points” means the Avion points you may earn in connection with the RBC Group Advantage Offers and any other promotional offers we may have from time to time and credited to a Points Account or Avion Rewards Account;

“Points Account” means the nominal account opened in the name of the Primary Personal Owner and maintained for the crediting and debiting of Points in connection with the Personal Base Offer, Additional Personal Offer, Residential Mortgage Base Offer and any other promotional offers we may have from time to time.

“Primary Personal Owner” means the person we designate as the primary owner of a joint Personal Banking Account when referring to a bank account, or the primary borrower of a joint Eligible Residential Mortgage, when referring to an Eligible Residential Mortgage;

“Program” means the program that allows you to earn and redeem Points for rewards related to the RBC Group Advantage Offers and any other promotional offers we may have from time to time;

“RBC Employees” mean all our employees and pensioners;

“RBC Group Advantage Offer(s)” means the Personal Base Offer, Additional Personal Offer, Credit Card Base Offer and Residential Mortgage Base Offer or any one of them described in these Terms that we offer to Eligible RBC Group Advantage Clients;

“Avion Rewards Account” means the nominal account opened and maintained for the crediting and debiting of Points in connection with the Credit Card Base Offer and Points earned when RBC Royal Bank clients use their Eligible Avion Rewards Credit Card to pay for purchases;

“Residential Mortgage Base Offer” means the offer described in Section 4;

“Terms” mean the present Terms and Conditions.

1. Personal Base Offer

Providing you fulfill the conditions set out in Sections 1.1 and 1.2 below, the following Points may be earned:

  • 15,000 Points if you open an RBC VIP Banking account or upgrade from a Personal Banking Account to the RBC VIP Banking account, or
  • 10,000 Points if you open an RBC Signature No Limit Banking account or upgrade from a Personal Banking Account to the RBC Signature No Limit Banking account, or
  • 7,500 Points if you open an RBC No Limit Banking for Students account or upgrade from an RBC Leo Young Saver’s, RBC Student Banking or RBC Day to Day Banking account to the RBC No Limit Banking for Students account, or
  • 7,500 Points if you open an RBC Advantage Banking account or upgrade from an RBC Leo Young Saver's, RBC Student Banking or RBC Day to Day Banking account to the RBC Advantage Banking account, or
  • 5,000 Points if you open an RBC Day to Day Banking account or upgrade from an RBC Leo Young Saver's or RBC Student Banking account to an RBC Day to Day Banking account.

1.1 How to qualify for the Personal Base Offer

  • Qualifying conditions for New Personal Clients:

    To qualify for this Personal Base Offer, you must:

    • i. be a New Personal Client;
    • ii. open one of the Eligible Personal Banking Accounts;
    • iii. be the primary owner of the Eligible Personal Banking Account; and
    • iv. complete one of the following steps within 90 days of account opening:
    • Transfer 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.

      OR

    • Set up two pre-authorized payments (e.g., bill payments, pre-authorized contribution to your investments) with your new Eligible Personal Banking Account.
  • Qualifying conditions for Existing Personal Clients:

    To qualify for this Personal Base Offer as an Existing Personal Client, you must:

    • i. upgrade from your existing Personal Banking Account to an Eligible Personal Banking Account for example:
      • upgrade your Personal Banking Account to the RBC Day to Day Banking, RBC Advantage Banking, RBC Signature No Limit Banking or RBC VIP Banking account; or
      • upgrade your RBC Leo Young Savers account, RBC Student Banking account or RBC Day to Day Banking account to the RBC No Limit Banking for Students or RBC Advantage Banking; or
      • upgrade your RBC Signature No Limit Banking account to an RBC VIP Banking account; or
      • upgrade your RBC No Limit Banking for Students account to the RBC No Limit Banking, RBC Signature No Limit Banking or RBC VIP Banking account; and
    • ii. be the primary owner of the Eligible Personal Banking Account; and
    • iii. complete each of the steps described in Section 1.1(a)(iii) above within 90 days of account upgrade.

1.2 Additional Conditions that apply to the Personal Base Offer

The following conditions also apply to this Personal Base Offer:

  • You can only earn one set of Points for opening or upgrading to the Eligible Personal Banking Account, no matter how many Eligible Personal Banking Accounts you open or to which you upgrade in the RBC Group Advantage Offers.
  • The Points you earn in the Personal Base Offer will be credited to your Points Account thirty (30) calendar days after all the qualifying conditions of the Personal Base Offer have been fulfilled. If your Points Account is no longer open at the time the Points are to be credited, Points will not be credited.
  • If you already had a Points Account opened as a result of other promotions we have had from time to time, then any Points earned for opening the Eligible Personal Banking Account will be credited to your existing Points Account. If this existing Points Account was related to a joint Personal Banking Account and you were not the Primary Personal Owner on that joint Personal Banking Account, then a new Points Account will be opened for you for these RBC Group Advantage Offers.
  • If an RBC Employee is a co-owner on a joint Eligible Personal Banking Account, Points related to the RBC Group Advantage Offers may still be earned, provided the remaining conditions are fulfilled by the other co-owner(s).
  • No Points may be earned by an Existing Personal Client for upgrading from a personal savings account, such as the RBC High Interest eSavings®, the RBC Enhanced Savings® or the RBC Day to Day Savings account, to an Eligible Personal Banking Account. An Existing Personal Client with these savings accounts must also open a new Eligible Personal Banking Account and fulfill the other steps described in sub-Section 1.1(a)(ii) above to earn Points.
  • If you are an Existing Personal Client with an existing Eligible Personal Banking Account that allowed you to earn points in a previous promotional campaign and you downgraded your account to another Personal Banking Account within ninety (90) days prior to becoming an Eligible RBC Group Advantage Client for any RBC Group Advantage Offer and then upgraded it back to an Eligible Personal Banking Account upon becoming an Eligible RBC Group Advantage Client, you may not earn Points in the Personal Base Offer.

1.3 Summer 2025 iPad Offer

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 for Eligible Investments Account
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:

  • 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;
  • Does 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; and
  • 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 1.3.3;

“Investments Qualifying Criteria” means the conditions set out in Section 1.3.4;

“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 1.3.1;

“Personal Banking Qualifying Criteria” means the conditions set out in Section 1.3.2;

“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

1.3.1 The Personal Banking Promotional Offer

Provided you fulfill the Personal Banking Qualifying Criteria in Section 1.3.2 and the conditions set out in Section 1.3.5 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”)

1.3.2. 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 Visa‡ 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 Visa‡ 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.

1.3.3. The Investments Promotional Offer

Provided you fulfill the Personal Banking Qualifying Criteria in Section 1.3.2, the Investments Qualifying Criteria in Section 1.3.4 and the conditions set out in Section 1.3.5 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”)

1.3.4. 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 1.3.2 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”)

1.3.5 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
    MD4A4CL/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.

1.3.6 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.

1.3.7 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/groupterms 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.

2. Additional Personal Offer for New Personal Clients and Existing Personal Clients

Providing you fulfill the conditions set out in Sections 2.1 and 2.2 below, the following Points may also be earned:

  • 2,500 Points if you open a new RBC High Interest eSavings account in Canadian dollars within 90 days of account opening or upgrade.

2.1 How to qualify for the Additional Personal Offer

To qualify for this Additional Personal Offer, you must have satisfied and completed the conditions for the Personal Base Offer as a New Personal Client.

2.2 Additional conditions that apply to the Additional Personal Offer

To earn Points in this Additional Personal Offer, the following conditions apply:

  • Only one set of Points for the opening of a RBC High Interest eSavings account (described in Section 2(a) above) may be earned by you, no matter how many RBC High Interest eSavings accounts you open in the RBC Group Advantage Offer.
  • The Points earned in the Additional Personal Offer will be credited to the same Points Account used to credit the Points in the Personal Base Offer within thirty (30) calendar days after all the qualifying conditions of the Additional Personal Offer have been fulfilled;
  • You are not eligible to earn Points for opening an RBC High Interest eSavings account (described in Section 2(a) above), if an RBC High Interest eSavings account was already open in your name prior to the opening of an Eligible Personal Banking Account in this RBC Group Advantage Offer.
  • If you were an owner of an RBC High Interest eSavings account ninety (90) days prior to becoming eligible for the RBC Group Advantage Offers but closed it and then opened a new RBC High Interest eSavings account upon becoming an Eligible RBC Group Advantage Client, you may not earn Points in the Additional Personal Offer from opening this account.
  • If an RBC Employee becomes a co-owner on a joint RBC High Interest eSavings account, Points related to the Additional Personal Offer may still be earned, provided the remaining conditions are fulfilled by the other co-owner(s).

3. Credit Card Base Offer

Providing you fulfill the conditions set out in Sections 3.1 and 3.2 below, the following Points may be earned for opening an Eligible Credit Card in this RBC Group Advantage Offer:

  • 20,000 Points if you open a new RBC Visa Infinite Avion card,
  • 20,000 Points if you open a new RBC Royal Bank Visa Platinum Avion card,
  • 5,000 Points if you open a new RBC ION+ Visa, and
  • 500 Points if you open a new RBC ION Visa card.

3.1 How to qualify for the Credit Card Base Offer

To qualify for this Credit Card Base Offer, you must apply and be approved as the primary cardholder for any of the Eligible Credit Cards.

3.2 Additional conditions and restrictions that apply to the Credit Card Base Offer

The following conditions and restrictions also apply to this Credit Card Base Offer:

  • You can earn one set of Points for each Eligible Credit Card you open in this Credit Card Offer. For example, if you open an RBC Visa Infinite Avion card and an RBC ION Visa card, you will earn a total of 20,500 Points;
  • If you already had an RBC Royal Bank credit card prior to becoming an Eligible RBC Group Advantage Client, you will not earn Points for simply changing your existing RBC Royal Bank credit card for an Eligible Credit Card upon becoming an Eligible RBC Group Advantage Client; you must also open a new Eligible Credit Card to earn Points;
  • No Points will be earned for simply changing your Eligible Credit Card for another Eligible Credit Card; you must also open that other Eligible Credit Card to earn Points;
  • The Points you earn in the Credit Card Base Offer will appear on your first monthly statement and will be credited to your Avion Rewards Account;
  • Only the primary cardholder of an Eligible Credit Card is eligible to earn Points in the Credit Card Base Offer. Additional cardholders, (a co-applicant or authorized users), are not eligible;
  • If you were the primary cardholder of an Eligible Credit Card ninety (90) days or less prior to becoming an Eligible RBC Group Advantage Client, but cancelled it or changed it for any other RBC Royal Bank credit card, and then re-applied for an Eligible Credit Card upon becoming an Eligible RBC Group Advantage Client, you are not eligible to earn Points in the Credit Card Base Offer;
  • This Credit Card Base Offer may not be combined or used in conjunction with any other of Royal Bank's credit card offers outside of these RBC Group Advantage Offers.

4. Residential Mortgage Base Offer

Providing you fulfill the conditions set out in Section 4.1 and 4.2 below, the following Points may be earned:

  • 100 Points for every one thousand dollars ($1000) funded by us if you open an Eligible Residential Mortgage.

Please refer to Appendix “B” for examples of the calculation of Points earned in the Residential Mortgage Base Offer.

4.1 How to qualify for the Residential Mortgage Base Offer

To qualify for this Residential Mortgage Base Offer, the following conditions must be met:

  • i. you must be approved by us for any one of the Eligible Residential Mortgages;
  • ii. your approved Eligible Residential Mortgage must be funded by us; and
  • iii. you must have an existing or open an Eligible Bank Account for the Residential Mortgage Base Offer within 90 days of the funding date of the Eligible Residential Mortgage.

4.2 Additional Conditions that apply to the Residential Mortgage Base Offer

The following conditions also apply to the Residential Mortgage Base Offer:

  • You can only earn one set of Points for opening or transferring to an Eligible Residential Mortgage. If you close the Eligible Residential Mortgage within three (3) years from the funding date, you will not be eligible to obtain Points on any other Eligible Residential Mortgage for a period of one (1) year commencing on the closing date of the Eligible Residential Mortgage;
  • The Points you earn in the Residential Mortgage Base Offer and will be credited to your Points Account within four to eight weeks (4 - 8 weeks) after all the qualifying conditions of the Residential Mortgage Base Offer have been fulfilled;
  • If you already had a Points Account opened as a result of other promotions we have had from time to time, then any Points earned for opening or transferring to an Eligible Residential Mortgage will be credited to your existing Points Account. If this existing Points Account was related to a joint Personal Banking Account and you were not the Primary Personal Owner on that joint Personal Banking Account, then a new Points Account will be opened for you for these RBC Group Advantage Offers;
  • The Eligible Residential Mortgage must be held in the same name as the Eligible Bank Account for the Residential Mortgage Base Offer, if it is a sole owner account and in the name of the Primary Personal Owner if it is jointly owned, for Points to be earned in the Residential Mortgage Base Offer. An Eligible Residential Mortgage may only be used once to earn Points in any RBC Group Advantage Offer, even if the Eligible Residential Mortgage is held in the name of more than one client;
  • If a new Eligible Bank Account for the Residential Mortgage Base Offer is opened in order to meet the conditions of the Residential Mortgage Base Offer and the opening of this account also qualifies for the Personal Base Offer, you must meet the conditions set out in Sections 1.1 and 1.2, to earn Points for the opening of this account;
  • If an RBC Employee is a co-owner on a joint Eligible Residential Mortgage, Points related to the RBC Group Advantage Offers may still be earned, provided the remaining conditions are fulfilled by the other co-owner(s);
  • An Ineligible Residential Mortgage shall not allow you to earn Points in the Residential Mortgage Base Offer;
  • The Residential Mortgage Base Offer cannot be combined with any other residential mortgage offer available at Royal Bank at the time of mortgage funding. In the event where you are eligible for other residential mortgage offers available at Royal Bank, the Residential Mortgage Base Offer shall prevail as the default offer at the time of mortgage funding.

5. Additional Conditions that apply to all Promotional Offers

  • The Program and these Terms do not, in any way, affect any of the service fees related to the operation of any of our personal Banking accounts, business banking accounts, residential mortgages and credit cards, which continue to apply.
  • Points earned in this Program are not divisible, have no cash value and do not constitute your property for any purpose.
  • We will keep a record of your Points earnings related to the RBC Group Advantage Offers, which you may consult online through RBC Royal Bank Online Banking or by calling us at 1-800-769-25111-800-769-2511. If you do not notify us in writing of any errors in or objections to the entries made or balances shown with respect to these RBC Group Advantage Offers within ninety (90) days of the record being made available to you, our records shall be final, conclusive and binding upon you.
  • Points awarded in these RBC Group Advantage Offers (except for Points earned with the RBC ION+ Visa card and RBC ION Visa card) may be redeemed for airline tickets from the Air Travel Redemption Schedule. For all forms of travel and redemption options please visit www.avionrewards.com.
  • Points in an Avion Rewards Account are subject to the Avion Rewards terms and conditions.
  • Points in the Points Account are subject to the Avion Rewards terms and conditions insofar as they do not conflict with the present Terms. You may always view the current Avion Rewards Terms and Conditions by visiting www.avionrewards.com or you may call 1-800-769-25111-800-769-2511 to request a current copy.
  • Points earned through the Personal Base Offer, Additional Personal Offer or Residential Mortgage Base Offer may not be consolidated, converted, exchanged, combined with or transferred to any other Points Account, except as permitted in these Terms and as we may allow from time to time in our absolute discretion.
  • Notwithstanding Section 5(g) above, you may transfer Points from the Points Account related to your Eligible Personal Banking Account or Eligible Bank Account for the Residential Mortgage Base Offer to any Avion Rewards Account held for an Eligible Avion Rewards Credit Card, provided the Eligible Avion Rewards Credit Card is in the same name as the Eligible Personal Banking Account or Eligible Residential Mortgage. Once transferred to the Avion Rewards Account, they may not be reversed or returned to the Points Account tied with your Eligible Personal Banking Account or Eligible Residential Mortgage under these Terms. Once the Points have been transferred to the Avion Rewards Account, they are subject to the Avion Rewards terms and conditions.
  • If you transfer Points earned during these RBC Group Advantage Offers to an Avion Rewards Account tied to an Eligible Avion Rewards Credit Card other than RBC Visa Infinite Avion or RBC Royal Bank Visa Platinum Avion, you will no longer have access to the Air Travel Redemption Schedule although you will still have the right to redeem your Points for all other forms of travel at a 1% value (100 Avion points = CAD$1.00).
  • Notwithstanding Section 5(g) above, you may convert Points to British Airways Avios if you are a member of the British Airways Executive Club program. Once Points are converted to Avios, they must remain in the British Airways Executive Club program and they may not be reversed/returned or converted back to Points. A minimum of 10,000 Points must be converted, each time. For every 1 Point which is converted, you will receive 1 Avios. The British Airways Executive Club account must be in the same name as the Points Account. Once the Points have been converted to Avios, they are subject to the full British Airways Executive Club program terms and conditions including, but not limited to, those pertaining to flight booking, seat availability and blackout periods. British Airways, not Royal Bank, is responsible for the terms and conditions of this conversion offer. You may refer to www.ba.com(opens in new window) for full program terms and conditions.
  • Notwithstanding Section 5(g) above, you may convert Points to AMERICAN AIRLINES AADVANTAGE miles if you are a member of the AAdvantage program. Once Points are converted to AAdvantage miles, they must remain in the AAdvantage program and they may not be reversed/returned or converted back to Points. A minimum of 5,000 Points must be converted each time. For every 1 Point which is converted, you will receive 1 AAdvantage mile. The AAdvantage account must be in the same name as the Points Account. Once the Points have been converted to AAdvantage miles, they are subject to the full AAdvantage program terms and conditions including, but not limited to, those pertaining to flight booking, seat availability and blackout periods. AMERICAN AIRLINES, not Royal Bank, is responsible for the terms and conditions of this conversion offer. You may refer to www.aa.com(opens in new window)  for full program terms and conditions.
  • Your Eligible Personal Banking Account, Eligible Bank Account for the Residential Mortgage Base Offer and Eligible Credit Card must remain open and in Good Standing. If your Eligible Personal Banking Account, Eligible Bank Account for the Residential Mortgage Base Offer and/or Eligible Credit Card is closed or loses its Good Standing status at any time while you are an Eligible RBC Group Advantage Client, any Points earned in this Program will be immediately cancelled.
  • If you voluntarily close your Eligible Personal Banking Account or Eligible Bank Account for the Residential Mortgage Base Offer and still have Points left in your Points Account, you have ninety (90) days to redeem your Points, transfer them to an Avion Rewards Account held for an Eligible Avion Rewards Credit Card or convert them to Asia Miles or Avios or AAdvantage miles, as more fully described above. If you fail to do so, your Points will be cancelled and your Points Account will be closed.
  • You can only earn one set of Points through the RBC Group Advantage Offer in your lifetime. Once you earn Points through the RBC Group Advantage Offer you cannot earn Points through other Avion Rewards promotional offers as an Eligible RBC Group Advantage Client or otherwise.
  • Upon the death of the holder of a Points Account, the Points must be redeemed by their estate within ninety (90) days of the date of death and the Points Account will be closed. If the Points are not redeemed within this time, they shall be cancelled and the Points Account will be closed.
  • We may change the Program and these Terms at any time without giving you notice. The posting of the current Terms at www.rbc.com/groupterms(opens in new window) shall be deemed sufficient notice to you of such Terms, if required.

6. Limitations that apply to all Promotional Offers

  • Should the RBC Group Advantage Offers not be capable of running as planned for any reason, they may be cancelled without notice and the Points may not subsequently be redeemed, consolidated, converted, exchanged, combined or transferred.
  • In the event of a conflict between these Terms and the content of any document, brochure or promotional material advertising the RBC Group Advantage Offers, these Terms shall prevail.
  • We reserve the right, in our sole discretion, to suspend, disqualify, limit or revoke the RBC Group Advantage Offers to any person or account holder we find or believe to be manipulating or otherwise abusing the process, fairness, integrity or operation of the RBC Group Advantage Offers.
  • Your account/holdings with us must be in good standing in order to receive Points from the RBC Group Advantage Offers at the time Points are awarded.

APPENDIX “A”

ACCOUNT OPENING AND UPGRADE CHART RBC Group Advantage Offers for New Personal Clients and Existing Personal Clients

Personal Base Offer for NEW Personal Clients:

Open the following Eligible Personal Banking Account: Earn the following Points:
RBC VIP Banking 15,000
RBC Signature No Limit Banking 10,000
RBC No Limit Banking for Students 7,500
RBC Advantage Banking 7,500
RBC Day to Day Banking 5,000

Personal Base Offer for EXISTING Personal Clients:

Upgrade your existing Personal Banking Account FROM: TO the following Eligible Personal Banking Account: Earn the following Points:
RBC Signature No Limit Banking; or RBC Advantage Banking; or RBC Day to Day Banking; or RBC No Limit Banking For Students; or RBC Student Banking; or RBC Leo’s Young Savers Account; or RateLink Preference; or RateLink Essential; or any Sixty-Plus accounts. RBC VIP Banking 15,000
RBC Advantage Banking; or RBC Day to Day Banking; or RBC No Limit Banking For Students; or RBC Student Banking; or RBC Leo’s Young Savers Account; or RateLink Preference; or RateLink Essential; or any Sixty-Plus accounts. RBC Signature No Limit Banking 10,000
RBC Day to Day Banking, or RBC Student Banking; or RBC Leo’s Young Savers Account. RBC No Limit Banking for Students 7,500
RBC Leo Young Saver's, RBC Student Banking or RBC Day to Day Banking account RBC Advantage Banking 7,500
RBC Leo Young Saver's RBC Day to Day Banking 5,000

Existing Personal Clients with a personal savings account, such as RBC High Interest eSavings, RBC Enhanced Savings and RBC Day to Day Savings, may not upgrade or switch from that account to an Eligible Personal Banking Account and must open a new Eligible Personal Banking Account to earn Points.

How to qualify for the Personal Base Offer Qualifying conditions for New Personal Clients and Existing Personal Clients

Once the Eligible Personal Banking Account is opened, you must: Replacement options:
Transfer your automated payroll direct deposit to your new Eligible Personal Banking Account Set up two (2) pre-authorized payments from your new Eligible Personal Banking Account

APPENDIX “B”

EXAMPLES OF THE CALCULATION OF THE RESIDENTIAL MORTGAGE BASE OFFER POINTS REWARDS

Have an existing or open an Eligible Bank Account for the Residential Mortgage Base Offer Earn the following Points:
Conventional or default insured mortgage funded in the amount $350,000 on purchased property or transferred to Royal Bank from another financial institution 35,000
RBC Homeline plan mortgage segment(s) of $350,000 on purchase property or transferred to Royal Bank from another financial institution (excludes any Royal Credit Line segments) 35,000

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