Advertiser Disclosure

The content on this website includes links to our partners and we may receive compensation when you sign up, at no cost to you. This may impact which products or services we write about and where and how they appear on the site. It does not affect the objectivity of our evaluations or reviews. Read our disclosure.

RBC New Account Promotions in Jan 2023 (Free iPad Offer)

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 AccountOffer
RBC Signature No Limit BankingiPad
RBC VIP BankingiPad

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

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:

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:

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.

Top Promotions this month

Get the best FREE chequing account offer in Canada ($350 cash bonus)

$350 cash bonus when you add a $100 direct deposit for 3 months.

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 credit card with a $150 welcome bonus

$150 sign-up bonus on first $1,000 spending within 2 months.

Get unlimited 2% cashback in three categories of spending.

Low $12,000 income requirement and 600+ credit score.

0.50% unlimited cashback on all other purchases and no annual fee.

Retirement 101 eBook - 3D


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

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch is passionate about helping others win with their finances and has been writing about money matters for over a decade. He has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, CBC News, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, National Post, and many other personal finance publications. You can learn more about him on the About Page.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.