RBC new account offers and promotions

We’ve rounded up the latest and best RBC new account offers here so you can easily compare promotions and get the best deal for you. In the past, we saw a free RBC iPad offer, free Apple Watch offer and bonus cash offers — often worth hundreds of dollars — for opening an eligible RBC chequing account.

Check out the list of current RBC promotions on offer below (plus the free iPad offer), and compare with other Canadian bank offerings.

All RBC new account offers and promotions on now

We’ve gathered together the latest RBC promotions and offers available now so you can easily browse through the current RBC promos and compare deals.

RBC Advantage Banking

No monthly fee for one year for newcomers

• Account details

  Monthly fee	$12.95
  Waiver	The monthly account fee is reduced if you have 2+ eligible RBC products (such as a credit card and personal investment account). It's waived for full-time students and newcomers to Canada. Seniors will pay just $7.95 per month.
  Transactions	unlimited
  Interac e-transfers	$0
  Non-network ATM in Canada	$0
  Highlights	If you link your RBC debit card to your Petro-Canada Petro-Points card, you can save 3 cents per litre on gas every time you fill up. You'll also earn 20% more Petro-Points when you fill up at a Petro-Canada station.

RBC Signature No Limit Banking Account

Get $400 when you open your first RBC Signature No Limit Banking Account and complete two of the qualifying criteria tasks. Apply by January 13, 2026.

• Account details

  Monthly fee	$16.95
  Waiver	Through RBC's Value Program Rebate, pair this account with other eligible RBC accounts and save up to $11.95 per month. Only pay $10.95/month for this account with 2 other eligible RBC products.
  Transactions	unlimited
  Interac e-transfers	$0
  Non-network ATM in Canada	$2
  Highlights	5 free cross-border debits per month ($1.00 each afterwards)

RBC VIP Banking Account

Get $400 when you open your first RBC VIP Banking Account and complete two of the qualifying criteria tasks. Apply by January 13, 2026.

• Account details

  Monthly fee	$30
  Waiver	Through RBC’s Value Program Rebate, pair this account with 2 other eligible RBC accounts and get cashback for some or all of your monthly fees—for example, only pay $19.95/month for this account.
  Transactions	unlimited
  Interac e-transfers	$0
  Non-network ATM in Canada	$0
  Highlights	free cross-border debit transactions, free RBC VIP Style personalized cheques and up to 2 additional Canadian dollar accounts and 1 U.S. dollar account

RBC Advantage Banking for Students

Get $100, Give $100 Open a no-monthly-fee RBC Advantage Banking Account for Students to receive $100, and RBC will donate another $100 to approved charities. Valid until February 2, 2026.

• Account details

  Monthly fee	$0
  Interest rate	0%
  Transactions	unlimited
  Interac e-transfers	unlimited
  Non-network ATM in Canada	$0

RBC Leo’s Young Savers Account

Get $25 when you open an RBC Leo’s Young Savers Account for your child. Valid until March 2, 2026.

• Account details

  Interest rate	0.01%
  Minimum balance	$0
  Monthly fee	$0
  Transactions	unlimited
  Highlights	Get $25 when you open an RBC Leo’s Young Savers Account for your child. Valid until March 2, 2026.

RBC High Interest eSavings Account

Earn 4.60% interest for 3 months when you open your first RBC High Interest eSavings account. Offer ends January 27, 2026.

• Account details

  Interest rate	0.55%
  Minimum balance	$0
  Monthly fee	$0
  Transactions	$5.00

Related: Compare RBC chequing accounts

How to qualify for the RBC new account offer

Get $400 when you open your first RBC Signature No Limit Banking Account and complete two of the following qualifying criteria by March 24, 2026: Direct deposit of your payroll or pension, two pre-authorized monthly payments or two bill payments to a service provider. Apply by January 13, 2026.Get $400 when you open your first RBC VIP Banking Account and complete two of the following qualifying criteria tasks by March 24, 2026. : Set up your payroll or pension as a direct deposit, set up two pre-authorized monthly payments, and set up two bill payments to a service provider. Apply by January 13, 2026.

RBC newcomer offers available now

If you’re a newcomer to Canada, RBC offers services and promotions to help you get started on your new Canadian financial journey.

7.8 Great

RBC Newcomer Advantage

N/A
Bonus Offer

$0
Monthly Account Fee

Unlimited
Free Transactions

• Info
• Pros + Cons
• More Details

Eligibility: Newcomers to Canada and international students who arrived within the last five years for non-credit card accounts (12 months for credit cards).
Free transactions: Unlimited
E-transfer fee: $0
Monthly account fee: No monthly fees for one year (on some accounts). Monthly fee of $11.95 after the first year on Advantage Banking Account.
Bonus offer or perks: Get no-fee international money transfers and competitive exchange rates, credit card cashback bonuses, a free Safety Deposit Box for one year and no RBC fee on out-of-network ATMs in Canada.
Credit card (yes/no): Yes.

• This RBC promo comes with unlimited transactions
• Up to $15,000 credit limit on a credit card
• Service available in up to 200 languages

• Monthly fee applies one year after you sign up for this RBC deal
• Limits on the amount of free international transfers you can send per month

Monthly Account Fee	$0
Free Transactions	Unlimited
Interac e-Transfer Fee	$0
In-Network ATM Fee
Bonus Offer	No offer available

You can explore more banking plans designed for newcomers to Canada in our full guide here.

Is it worth switching banks for a RBC new account offer or promotion?

That depends on your current finances and financial goals. Being one of Canada’s Big Five banks, RBC has a lot to offer in terms of features and financial products.

Whether you’re looking for a chequing account, long-term savings accounts, credit cards, investment options, personal financing, a car loan or a mortgage, RBC offers it all. You’ll almost always find RBC promotions on offer for various accounts. RBC has 17 million clients worldwide and is the biggest bank in Canada by market share, and second largest by assets, as of 2020.

That said, consider the fees and features of any bank account before signing up to ensure you’re getting the right value for your money. For example, if you’re looking for a simple, no-fuss chequing account, instead of opting for one of RBC’s offers, you may be better off signing up for a chequing account from one of Canada’s digital banks – like Simplii or Tangerine – which tend to offer no-fee accounts with unlimited monthly transactions.

RBC promotions vs. other Canadian bank offers on now

Although the RBC iPad offer is unique to RBC, other Canadian banks and credit unions are offering competitive promotions right now. Here are some other options you can use to compare with RBC offers:

Scotiabank Preferred Package

Earn up to $700 when you bundle a Preferred Package, savings account, and registered account. Valid until March 2, 2026. Plus, earn up to 4.70% interest for 3 months on your MomentumPLUS Savings Account.

Go to site

• Account details

  Monthly fee	$16.95
  Waiver	The monthly account fee will be waived if you have at least $4,000 in your account at all times.
  Interest rate	0%
  Transactions	unlimited
  Interac e-transfers	$0
  Non-network ATM in Canada	$2
  Highlights	Unlimited debit transactions & Interac e-Transfer transactions One free non-Scotiabank ABM withdrawal per month in Canada First year annual fee waiver (up to $139) on select credit cards Pay just $1.99 for each Scotia International Money Transfer Preferred rates on select GICs Earn Scene+ points and redeem for various rewards

Scotiabank Ultimate Package

Earn up to $700 when you bundle an Ultimate Package, savings account, and registered account. Valid until March 2, 2026. Plus, earn up to 4.75% interest for 3 months on your MomentumPLUS Savings Account.

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• Account details

  Monthly fee	$30.95
  Waiver	Monthly account fee waived if you have at least $6,000 in your account at all times or a combined balance of $30,000 across your Ultimate Package and a MomentumPLUS Savings Account.
  Interest rate	0%
  Transactions	unlimited
  Interac e-transfers	$0
  Non-network ATM in Canada	$0
  Highlights	Unlimited debit transactions & Interac e-Transfer transactions Unlimited free Global non-Scotiabank ABM withdrawals (terms apply) Up to $139 annual fee waiver each year on select credit cards No monthly Overdraft Protection fee Special rates on select GICs Earn Scene+ points and redeem for rewards 10 free equity trades at Scotia iTRADE in your first year (approximately $100 value), and 5 free equity trades every year after Free personalized cheques and drafts $60 annual fee waiver (equivalent to a small safety deposit box)

Scotiabank MomentumPLUS Savings Account

Earn a savings rate of up to 4.75% for 3 months when you open a Scotiabank MomentumPLUS Savings Account and a Scotiabank Ultimate Chequing Account.

Go to site

• Account details

  Interest rate	0.4%
  Minimum balance	$0
  Monthly fee	$0
  Transactions	varies
  Highlights	Sign up for the Scotiabank MomentumPLUS Savings Account and you may be eligible to earn three different types of interest totaling . The first is a base rate of 0.40% that you'll earn on your entire balance, plus a package interest rate boost of 0.10% for Ultimate Package holders and a 0.05% rate for Preferred Package holders. The second is a premium interest rate of 0.45%, which is earned when you choose 360-day premium period (or earn lower rates with 90, 180 and 270 periods). A longer premium period earns a higher premium period interest rate, provided you don't make any withdrawals within the selected period. Premium period interest is calculated daily and paid at the end of the applicable premium period. The third is a welcome bonus interest rate of 4.05% for 3 months, calculated daily and paid monthly for 90 days (3 months) on your first MomentumPLUS Savings Account.

Simplii No Fee Chequing Account

Earn $300 when you become a new client and set up a direct deposit of at least $100 for 3 months. Offer ends January 31, 2026.

Go to site

• Account details

  Monthly fee	$0
  Interest rate	0.01%
  Transactions	unlimited
  Interac e-transfers	$0
  Non-network ATM in Canada	$1.50
  Highlights	Zero monthly fees. Earn interest. Welcome bonus. Free transactions. No minimum balance.

Simplii High Interest Savings Account

Earn 4.50% interest for 5 months on up to $200,000 in savings. Terms Apply. Offer ends January 31, 2026.

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• Account details

  Interest rate	0.3%
  Minimum balance	$0
  Monthly fee	$0
  Transactions	$0
  Highlights	Earn $125 when you refer a friend to Simplii and they set up an account (they'll earn $50, provided you both meet certain eligibility criteria).

Coast Capital Free Chequing, Free Debit, and More Account

New members can get up to $350 when they open and use a Coast Capital Free Chequing, Free Debit, and More Account and eligible Coast Capital credit card. Conditions apply. Offer ends January 5, 2026.

Go to site

• Account details

  Monthly fee	$0
  Interest rate	0%
  Transactions	unlimited
  Interac e-transfers	$1.50
  Non-network ATM in Canada	$2.50

Coast Capital Elevate Chequing Account

New members can get up to $600 when they open and use a Coast Capital Elevate Chequing Account and eligible Coast Capital credit card. Conditions apply. Offer ends January 5, 2026.

Go to site

• Account details

  Monthly fee	$16.95
  Waiver	You'll pay a reduced monthly fee of $8.50 if you maintain a minimum balance of $4,000 at all times, or if you’re either 25 or younger or 59 or older.
  Transactions	unlimited
  Interac e-transfers	$0
  Non-network ATM in Canada	$2.50

Coast Capital Unlimited Chequing Account

New members can get up to $450 when they open and use a Coast Capital Unlimited Chequing Account and eligible Coast Capital credit card. Conditions apply. Offer ends January 5, 2026.

Go to site

• Account details

  Monthly fee	$8.50
  Waiver	You'll pay no monthly fee if you maintain a minimum balance of $4,000 at all times, or if you're either 25 or younger or 59 or older.
  Transactions	unlimited
  Interac e-transfers	$0
  Non-network ATM in Canada	$2.50

EQ Bank Personal Account

Earn 2.75% interest on your money for 12 months and 1.00% thereafter.

Go to site

• Account details

  Monthly fee	$0
  Interest rate	2.75%
  Transactions	unlimited
  Interac e-transfers	$0
  Non-network ATM in Canada	N/A
  Highlights	Unlimited transactions

BMO Performance Chequing Account

Get up to $700*.

Earn $500 when you open a new BMO Performance Chequing Account, make a deposit of any amount by March 2, 2026 and complete two qualifying tasks by April 30, 2026.

Plus, get a Walmart Delivery Pass subscription for up to 12 months* when you open a new Savings Amplifier Account by March 2, 2026, and sign up for or update your existing Walmart Delivery Pass by April 30, 2026 by selecting Debit Mastercard as the payment option for the monthly transaction fee.

Earn $150* when you deposit a total of $10,000 or more in to your Savings Amplifier Account and maintain a daily closing balance of $10,000 or more at all times for the specified period.

Earn $50* when you create one goal and apply one strategy in My Financial Progress Plan by April 30, 2026.

*Terms apply.

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• Account details

  Monthly fee	$17.95
  Waiver	The monthly account fee is waived if you maintain a minimum daily balance of at least $4,000.
  Interest rate	0%
  Transactions	unlimited
  Interac e-transfers	$0
  Non-network ATM in Canada	$2
  Highlights	monthly fee is waived for members of the Canadian Defence Community

BMO Premium Plan Chequing Account

Get up to $700 in bonuses. Get a $700 welcome bonus, plus a Walmart Delivery Pass subscription for up to 12 months when you open a Premium Plan Chequing Account and Savings Amplifier Account.* Valid until March 2, 2026. Plus, earn a 4.60% promo rate with a new Savings Amplifier Account. *Terms apply.

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• Account details

  Monthly fee	$30.95
  Waiver	Monthly account fee waived if you keep a balance of at least $6,000 in your account each month.
  Interest rate	0%
  Transactions	unlimited
  Interac e-transfers	$0
  Non-network ATM in Canada	$0
  Highlights	free overdraft protection

CIBC Smart Account

Get a $500 cash bonus when you open a CIBC Smart Account as your first chequing account and complete the qualifying actions within 2 months.

• Account details

  Monthly fee	$16.95
  Waiver	The monthly fee is waived if you have a minimum of $4,000 in your CIBC chequing account. You also won't have to pay a monthly fee if you opt for Tier 2 where, if you hold $40,000 to $99,999 in combined average monthly CIBC eligible balances, you'll be eligible for rebates on select ATM fees. If you opt for Tier 3 by holding $100,000 or more in combined eligible CIBC balances, you will also get credit card fee rebates and free overdraft protection.
  Transactions	unlimited
  Interac e-transfers	Free
  Non-network ATM in Canada	$2
  Highlights	Unlimited transactions cost $16.95 or $0, depending on the Tier option you opt for.

Innovation Federal Credit Union No-Fee Chequing Account

Apply to win a $500. Open a No-Fee Bank Account and you'll be entered to win one of two draws for $500. T&Cs apply. Valid until December 31, 2025.

• Account details

  Monthly fee	$0
  Transactions	unlimited
  Interac e-transfers	$0
  Non-network ATM in Canada	N/A
  Highlights	Unlimited transactions

TD Unlimited Chequing Account

Get up to $750 when you open a TD Unlimited Chequing Account. Terms and conditions apply. Offer ends March 3, 2026.

• Account details

  Monthly fee	$17.95
  Waiver	maintain a $4,000 minimum balance to receive a monthly fee rebate.
  Transactions	unlimited
  Interac e-transfers	$0
  Non-network ATM in Canada	$0
  Highlights	Earn up to $750 when you open a new chequing account and set up direct deposit.

Tangerine No-Fee Daily Chequing Account

Earn up to $250. Open a No-Fee Daily Chequing Account and switch your payroll deposits to your new Tangerine Chequing Account for 2 consecutive months to receive $250. Valid until January 31, 2026.

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• Account details

  Monthly fee	$0
  Interest rate	0.01%
  Transactions	unlimited
  Interac e-transfers	$0
  Non-network ATM in Canada	$1.50

Tangerine Savings Account

Open a Tangerine Savings Account to earn 4.50% for the first 5 months (on up to $1,000,000 in deposits) when you sign up by March 16, 2026. Thereafter, you'll earn 0.30%.

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• Account details

  Interest rate	0.3%
  Minimum balance	$0
  Monthly fee	$0
  Transactions	$0

You can explore more options from the Big Five banks, digital banks, credit unions and prepaid cards in our full guide to the best bank promotions in Canada.

BMO Performance Chequing Account

• Earn up to a $700 bonus
• Exclusive: Get an extra $150 reward from Finder
• Enjoy up to 4.60% promo interest

Go to site

Frequently asked questions about RBC promotions and offers

• Which Apple Watch was RBC giving in 2025?

  During the 2025 RBC Apple Watch offer, RBC gave away a new Apple Watch Series 10 GPS for free to eligible new customers.

• Which iPad was RBC giving in 2024?

  During the 2024 free iPad offer, RBC was giving away a 10th Generation Apple iPad (10.9-inch, 64GB, Wi-Fi). Customers could choose between one of four different colours for your free iPad: silver, blue, yellow or pink.

• How do I check my RBC offers?

  You can find the RBC offers available to you by logging in to RBC Online Banking on a web browser and clicking the "Offers for You" link in the top menu. If you're on the RBC Mobile app, log in and navigate to the bottom of the Account Summary page to see your offers.

• How do I get my bonus offer from RBC?

  The RBC offer terms and conditions may change depending on the promotion, but you'll typically need to fulfill a few basic requirements to get your bonus offer from RBC:

  • Open an eligible RBC account
  • Deposit money into that account
  • Set up your account for one or more recurring activities (e.g. direct deposits, bill payments or Visa Debits)

  Once you've completed the requirements of the RBC deal before the set deadlines, RBC will give you the bonus offer or fulfill its end of the promotion.

• What does RBC offer?

  RBC offers a full suite of banking products including chequing accounts, savings accounts, credit cards, mortgages, car loans, personal loans, lines of credit, student loans, investment management and more. RBC also frequently offers promotions for new customers when they sign up for an account. Compare all RBC promotions currently on offer here.