RBC’s new account offers may be of interest if you are looking to open a new chequing account.
The current RBC promotion includes an Apple AirPods 10.2″ iPad when you open an eligible bank account. In the past, they have also offered cash bonuses, iPads, 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 Free AirPods Offer
You can qualify for a new AirPods Pro when you open an RBC Signature No Limit Banking or RBC VIP Banking account by January 31, 2023, and complete two of three tasks by April 11, 2023:
- 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 ordering your AirPods Pro.
Note that this offer is unavailable to existing RBC clients or those who have opened an account within the past five years.
The Apple AirPods Pro 2nd Generation has a value of $329.
Below is a summary of the RBC promotion:
| RBC Account | Offer |
| 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 $16.95 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 with multiple RBC accounts (investments, mortgages, credit cards, 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 a $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 |
| Monthly fee | $16.95 | $30 |
| 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 look at its promotional savings offers.
New RBC High Interest eSavings accounts earn a 4.00% interest for 3 months. To be eligible, you must open an account by December 15, 2022.
The regular interest rate offered by this account is 1.10%.
New Bank Account Promotions in Canada
These offers are worth checking out if you are opening a new bank account (chequing or savings).
HSBC Chequing Account Offer
HSBC Bank offers up to a $600 cash bonus* when you open a new HSBC chequing account online and meet the eligibility requirements.
The three accounts eligible for the offer are:
- HSBC Premier Chequing Account: Up to $500 and no monthly fee for the first 6 months (fee continues to be waived if you meet eligibility criteria; otherwise, costs $34.95/month)
- HSBC Advance Chequing Account: Up to $400 and no monthly fee for 6 months (fee continues to be waived when you meet eligibility criteria; otherwise, costs $25/month)
- HSBC Student Chequing Account: Up to $150 and no monthly fee
In addition to the sign-up bonus, new clients can get a $50 FX Wire Transfer Bonus Reward when they send two international foreign exchange wire transfers or global transfers within six months of opening their account. And an additional $50 when they open a safety deposit box with HSBC within six months of membership.
To qualify for the welcome offer on the Premier and Advance chequing accounts, you need to complete at least two out of four actions:
- Set up recurring payroll deposit within six months of account opening
- Make two pre-authorized debit transactions to separate merchants within three months of account opening
- Complete two online bill payments to separate merchants within three months of account opening
- Send two outgoing Interac e-transfers to separate parties within three months of account opening
Total Value of Promo: Up to $600*
(This offer is available until December 31, 2022, and is open to new to HSBC customers only)
Issued by HSBC Bank Canada. *Terms and Conditions apply.
Simplii Financial Offer ($350 Bonus)
Get a $350 bonus when you open a Simplii no-fee chequing account (offer available until January 31, 2023).
To qualify for the cash reward, you must add a direct deposit of at least $100 for three consecutive months.
The direct deposit payment can be your paycheck, government benefit, or pension.
Simplii also has a high-interest savings account offering a 5.00% interest rate.
Get more details about this offer by reading our full review.
Scotiabank New Account Offer
Scotiabank is offering up to $350 when you open an eligible chequing account:
- Scotiabank Preferred Package ($16.95 monthly fee)
- Scotiabank Ultimate Package ($30.95 monthly fee)
To be eligible for this offer, you must open an account by April 30, 2023, and complete two of three tasks within 60 days;
- Make a $50 bill payment through online or mobile banking
- Set up two 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)
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:
- 2.50% interest on every dollar (3% on TFSAs)
- Unlimited free debits and Interac e-Transfers
- Free mobile cheque deposits
- No monthly fees
- Up to 5.00% interest on GICs
Learn more in our EQ Bank review.
Related: CIBC Bank Account Promotions.
