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RBC New Account Promotions in Mar 2024 (Apple Watch Offer)

Updated:

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

While the free iPad offer is no longer available, new clients can qualify for a new Apple Watch Series 9 welcome bonus when they open an eligible bank account. In the past, they have also offered AirPods, 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 Series 9 Bonus Offer

You can qualify for a free new Apple Watch Series 9 when you open an RBC Signature No Limit Banking or RBC VIP Banking account by April 1, 2024, and complete two of three tasks by July 9, 2024:

  • 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.

Below is a summary of the RBC promotion:

RBC AccountOffer
RBC Signature No Limit BankingApple Watch
RBC VIP BankingApple 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 AccountRBC Signature No LimitRBC VIP Banking
Monthly fee$16.95$30
Minimum balance to waive monthly feeN/AN/A
Number of free debitsUnlimited (Canada)Unlimited (worldwide)
Free Interac e-Transfers/month999999
Credit card fee rebate$39/year$120/year
Other perks3 free non-RBC ATM transactions/month; 5 free cross-border debits; save $12/year on safe deposit box, 6 free drafts; free paper statementsCan 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
Bonus offerApple WatchApple Watch

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 5.5% interest for three months. To be eligible, you must open an account by April 10, 2024.

The regular interest rate offered by this account is 1.70%.

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 ($400 Bonus)

Get a $400 bonus when you open a Simplii no-fee chequing account (offer available until February 29, 2024).

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 6.00% interest rate.

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

Scotiabank New Account Offer ($350 Bonus)

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 February 29, 2024, 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 three consecutive months
  • Set up at least one direct deposit payment that occurs for at least three consecutive months (e.g. payroll or pension payments)

EQ Bank Savings Offer

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

  • Up to 4.00% interest on every dollar
  • 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.

BMO New Account Offer

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Up to $350 cash bonus offer

Waive monthly fees by keeping minimum balance

A premium account with unlimited transactions

Includes credit card fee rebate & free identity theft protection

Related: CIBC Bank Account Promotions.

Top Promotions this month

Stop paying Fees. Get the best FREE chequing account offer in Canada + $400 cash bonus

Easy $400 cash bonus when you add a direct deposit to your Simplii account.

Unlimited free debits and Interac e-Transfer transactions.

No monthly account or transaction fees.

No monthly or minimum balance is required.

Best no-fee cash back prepaid credit card with up to 5% cashback + $20 bonus

Up to 5% unlimited cashback on purchases and no annual fee.

Instant $20 sign-up bonus after your first purchase online or in-store.

Guaranteed approval with no income requirement.

Get free unlimited transactions & Transfer + earn interest on your balance.

Author

Gravatar for Enoch Omololu, MSc (Econ)
Enoch Omololu, MSc (Econ)

Enoch Omololu, personal finance expert, author, and founder of Savvy New Canadians, has written about money matters for over 10 years. Enoch has an MSc (Econ) degree in Finance and Investment Management from the University of Aberdeen Business School and has completed the Canadian Securities Course. His expertise has been highlighted in major publications like Forbes, Globe and Mail, Business Insider, CBC News, Toronto Star, Financial Post, CTV News, TD Direct Investing, Canadian Securities Exchange, and many others. Enoch is passionate about helping others win with their finances and recently created a practical investing course for beginners. You can read his full author bio.

About Savvy New Canadians

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