If you are looking to open a new chequing account, RBC’s new account offers may be of interest.
The current RBC promotion includes a 10.2″ iPad when you open an eligible bank account. In the past, they have also offered cash bonuses, AirPods, and more.
RBC is not the only one enticing new customers. There are several other new bank account promotions in Canada you can take advantage of.
RBC iPad Offer
You can qualify for a 10.2″ iPad when you open an RBC Signature No Limit Banking or RBC VIP Banking account by December 20, 2021, and complete two of three tasks by February 28, 2022:
- Add your payroll as a direct deposit
- Set up two pre-authorized payments
- Add two bill payments to a service provider
When you have met the conditions, RBC sends you an email with instructions on how to order your iPad.
Note that this offer is not available to existing RBC clients or those who have opened an account within the past five years.
The value of the 64 GB 9th-Generation iPad is $429.
Below is a summary of the RBC promotion:
|RBC Signature No Limit Banking||iPad|
|RBC VIP Banking||iPad|
RBC Signature No Limit Banking Review
The RBC Signature No Limit Banking account is one of two premium chequing accounts offered by the bank.
For a $15.95 monthly fee, you get:
- Unlimited debit transactions (in Canada)
- Free Interac e-Transfer Transactions
- 3 free non-RBC ATM transactions/month ($2 each after)
- 5 free cross-border debits/month ($1 each after)
- 6 free drafts per year ($8.50 each after)
Customers who have multiple RBC accounts (investments, mortgage, credit card, etc.) may receive a partial rebate on the monthly fee.
RBC VIP Banking Review
This chequing account has a $30 monthly price tag and includes unlimited debit transactions worldwide, free Interac e-Transfers, and:
- Up to $120 annual fee rebate for an eligible credit card
- Up to $60 rebate on a safe deposit box
- 12 free drafts/year ($8.50 each after)
- Free personalized cheques
- Overdraft protection fee waived (interest applies)
Partial fee rebates are available if you hold multiple RBC products
|RBC Account||RBC Signature No Limit||RBC VIP Banking|
|Minimum balance to waive monthly fee||N/A||N/A|
|Number of free debits||Unlimited (Canada)||Unlimited (worldwide)|
|Free Interac e-Transfers/month||999||999|
|Credit card fee rebate||$39/year||$120/year|
|Other perks||3 free non-RBC ATM transactions/month; 5 free cross-border debits; save $12/year on safe deposit box, 6 free drafts; free paper statements||Can add up to 3 accounts and waive fees; save $60 on safe deposit box, 12 free drafts, free cheques, free paper statements, and cross-border debits|
RBC Savings Account Promotion
While RBC’s standard savings account interest rates are not very competitive, you could take a look at its promotional savings offers.
New RBC High Interest eSavings accounts earn a 1.25% interest for 3 months. To be eligible, you must open an account by November 30, 2021.
The regular interest rate offered by this account is 0.05%.
New Bank Account Promotions in Canada
If you are opening a new bank account (chequing or savings), these offers are worth checking out.
Simplii Financial Offer
Get a $200 bonus when you open a Simplii no-fee chequing account.
To qualify for the cash reward, you must add a direct deposit of at least $100 for 3 consecutive months.
The direct deposit payment can be your paycheck, government benefit, or pension.
You also get an extra $50 when you sign up using our referral link, for a total bonus of up to $250 (available until March 31, 2022).
Simplii also has a high-interest savings account.
Get more details about this offer here.
EQ Bank Offer
EQ Bank offers one of the best non-promotional savings interest rates in Canada. Its no-monthly-fee Savings Plus Account offers:
- 1.25% interest on every dollar
- Unlimited free debits and Interac e-Transfers
- Free mobile cheque deposits
Get the EQ Bank Savings offer.
Innovation Credit Union
Residents of Saskatchewan can open a free Innovation Credit Union chequing account and get a $310 bonus.
To be eligible for this offer, you must:
- Live in Saskatchewan
- Set up a recurring direct deposit of $100 or more (at least 2 deposits within 90 days)
- Use the promo code SAVVY310 during sign up
Get more details in our Innovation Credit Union review.
The offer is available until December 31, 2021
Scotiabank New Account Offer
Scotiabank is offering up to $350 when you open an eligible chequing account:
To be eligible for this offer, you must open an account by December 16, 2021, and complete two of three tasks within 60 days;
- Make a $50 bill payment through online or mobile banking
- Set up 2 eligible recurring pre-authorized transactions of $50 or more for at least 3 consecutive months
- Set up at least one direct deposit payment that occurs for at least 3 consecutive months (e.g payroll or pension payments)
Related: CIBC Bank Account Promotions.