RBC New Account Promotions in May 2025 (Apple Watch)

RBC’s new account offers may be of interest to you if you are looking to open a new chequing account.

While the iPad offer is no longer available, new clients can qualify for an Apple Watch when they open an eligible bank account. In the past, they have also offered AirPods, Apple watches, cash bonuses, 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 Apple Watch Offer

You can qualify for a new Apple Watch when you open an RBC Signature No Limit Banking or RBC VIP Banking account by June 2, 2025, and complete two of three tasks by August 11, 2025:

• Add your full payroll as a direct deposit (a split paycheque won’t be eligible) or monthly recurring pension direct deposit
• Set up two pre-authorized payments
• Add two bill payments to a service provider

RBC will email you up to 10 business days after meeting the eligibility requirements, with a secure link to visit an online store where you can select your iPad and confirm your shipping details.

Note that this offer is unavailable to existing RBC clients or those who have opened an account within the past five years. Also, note that these two accounts have monthly fees.

Below is a summary of the RBC promotion:

RBC Account	Monthly Fee	Offer
RBC Signature No Limit Banking	$16.95	Apple Watch
RBC VIP Banking	$30.00	Apple Watch

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

New Bank Account Promotions in Canada

These offers are worth checking out if you are opening a new bank account (chequing or savings).

Simplii Financial Offer ($300 Bonus)

Get a $300 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 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 3.90% interest rate.

Get more details about this offer by reading our full review.

EQ Bank Savings Offer

EQ Bank offers one of the best non-promotional savings interest rates in Canada. Its no-monthly-fee Personal Account offers:

• Up to 3.50% interest on every dollar
• Unlimited free debits and Interac e-Transfers
• Free mobile cheque deposits
• No monthly fees
• Up to 3.50% interest on GICs

Learn more in our EQ Bank review.

Related: CIBC Bank Account Promotions.