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RBC new account offers and promotions

Explore the latest RBC offers and see how much you could potentially gain by opening an account with this popular Canadian bank.

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 and bonus cash offers – sometimes worth hundreds of dollars – for opening an eligible RBC chequing account.

Check out the list of current RBC promotions on offer below (including a free Apple Watch Series 9) and compare with some 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 Signature No Limit Banking Account

Get the new Apple Watch Series 9 when you switch to RBC & open an RBC Signature No Limit Banking Account. Valid until April 1, 2024.

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RBC VIP Banking Account

Get the new Apple Watch Series 9 when you switch to RBC & open an RBC VIP Banking Account. Valid until April 1, 2024.

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RBC Advantage Banking for Students

Get $100 when you open an account. Valid until June 30, 2024.

RBC Leo’s Young Savers Account

Get $25 when you open an RBC Leo’s Young Savers Account for your child. Valid until April 30, 2024.

RBC High Interest eSavings Account

Earn 5.50% for 3 months.

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.

RBC Newcomer Advantage

RBC Newcomer Advantage

N/A
Bonus Offer
$0
Monthly Account Fee
Unlimited
Free Transactions
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: no-fee international money transfers and competitive exchange rates, credit card cashback bonuses, free safe deposit box for 2 years 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
Min. Age N/A
Account Fee $0
Overdraft Fee $0

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

How the RBC Apple Watch offer works

When you sign up for an eligible RBC account before April 1, 2024, and fulfill some basic conditions, you’ll receive a new, free Apple Watch Series 9 GPS. You can choose from the Textile or Rubber band, S/M or M/L sizes and between a 41mm or 45mm case. You’ll also be able to choose between the following case colours:

  • Starlight Aluminum Case with Starlight Band
  • Midnight Aluminum Case with Midnight Band
  • Silver Aluminum Case with Winter Blue Band
  • Pink Aluminum Case with Light Pink Band

RBC Apple Watch offer conditions

In order to qualify for the RBC Apple Watch offer, you’ll need to open one of these two eligible RBC accounts by April 1, 2024 (at 9PM EST):

Once you open your new account, you’ll need to set up and complete at least 2 of the following by July 9, 2024 (at 9PM EST) (which must stay in effect until after April 30, 2025) in order to receive a free Apple Watch Series 9 with this RBC promo:

  • Direct deposit for your payroll or pension
  • 2 pre-authorized monthly payments (PAPs)
  • 2 bill payments to service providers (like a utility bill or cable bill)

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.

Is the RBC iPad offer available?

Unfortunately, no. The RBC iPad offer is no longer available. Previously, RBC offered a free 10.9-inch Apple iPad (10th Generation, Wi-Fi iPad, 64GB) to new customers who signed up for an eligible RBC account before October 31, 2023 and fulfilled a set of conditions before January 9, 2024.

How to qualify for the RBC iPad offer

To qualify for RBC’s most recent free iPad offer, you would have had to open one of these two eligible RBC accounts by October 31, 2023:

Once customers opened their eligible account, they would have had to complete at least 2 of the following by January 9, 2024 (which has to stay in effect until after October 31, 2024) in order to receive the free iPad:

  • Direct deposit for your payroll or pension
  • 2 pre-authorized monthly payments (PAPs)
  • 2 service provider bill payments

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:

BMO Performance Chequing Account

Get up to a $600 cash bonus. Earn $350 when you open a new BMO Performance Chequing Account and $200 when you open a Savings Amplifier Account. Plus, earn an additional $50 when you add a second member and make it a BMO Family Bundle. Valid until February 29, 2024. Plus, earn a 5.50% promo interest rate when you open a Performance Chequing and a Savings Amplifier Account.

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BMO Premium Plan Chequing Account

Get up to a $600 cash bonus. Earn $350 when you open a new BMO Premium Plan Chequing Account and $200 when you open a Savings Amplifier Account. Plus, earn an additional $50 when you add a second member and make it a BMO Family Bundle. Valid until February 29, 2024. Plus, earn a 5.50% bonus interest rate when you add a Savings Amplifier Account.

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BMO New to Canada Performance Chequing Account

Get up to a $600 cash bonus. Earn $350 when you open a new BMO New to Canada Performance Chequing Account and $200 when you open a Savings Amplifier Account. Plus, earn an additional $50 when you add a second member and make it a BMO Family Bundle. Valid until February 29, 2024. Plus, earn a 5.50% promo interest rate when you open a Performance Chequing and a Savings Amplifier Account.

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Simplii No Fee Chequing Account

Earn $400 when you become a new client and set up a direct deposit of at least $100 for 3 months. Offer ends February 29, 2024.

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Coast Capital Free Chequing, Free Debit, and More Account

Earn 20% cashback (up to $450) on household bills when you become a member and open a Free Chequing, Free Debit and More Account. Valid until February 29, 2023.

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National Bank The Total Chequing Account

Get $150 towards an eligible National Bank credit card you activate after opening a National Bank The Total Chequing Account.

National Bank Connected Account

Get $30 towards an eligible National Bank credit card you activate after opening a National Bank Connected Account.

BMO Performance Student Chequing Account

Earn a $100 cash bonus and enjoy six months of Domino’s Pizza (worth $95, one pizza per month) when you open a new BMO Student Chequing Account. Valid until February 29, 2024.

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KOHO Earn Interest

Earn up to 5.00% interest with a high interest savings account. Pick a KOHO plan and opt-in to Earn Interest.

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Simplii High Interest Savings Account

Earn 6.00% interest for 5 months on up to $1,000,000 in savings. Apply by April 30, 2024.

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EQ Bank Personal Account

Earn up to 4.00% interest. Get 2.50% interest on your savings, plus 1.50% bonus interest when you direct deposit your pay.

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Mydoh Smart Card

$15 bonus for new accounts

EQ Bank Joint Account

Earn a bonus interest rate of 4.00% (the Base Rate plus an additional 1.5%) for a maximum period of 12 consecutive months when you add and maintain qualifying recurring direct deposits of at least $500 per month

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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.

Frequently asked questions about RBC promotions and offers

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