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 June 3, 2024.
Through RBC's Multi Rebate program, 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 the new Apple Watch Series 9 when you switch to RBC & open an RBC VIP Banking Account. Valid until June 3, 2024.
Through RBC’s Multi Product Rebate program, 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 when you open an account. Valid until June 30, 2024.
Monthly fee
$0
Interest rate
0.01%
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 July 31, 2024.
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 July 31, 2024.
RBC High Interest eSavings Account
Earn 5.50% for 3 months. Offer expires July 23, 2024.
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
When you sign up for an eligible RBC account before June 3, 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 June 3, 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 August 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 July 2, 2024. Plus, earn a 5.50% promo interest rate when you open a Performance Chequing and a Savings Amplifier Account.
The monthly account fee will be waived if you maintain a minimum monthly 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 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 July 2, 2024. Plus, earn a 5.50% bonus interest rate when you add a Savings Amplifier Account.
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
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 October 31, 2024. Plus, earn a 5.50% promo interest rate when you open a Performance Chequing and a Savings Amplifier Account.
Zero monthly fees. Earn interest. Welcome bonus. Free transactions. No minimum balance.
Coast Capital Free Chequing, Free Debit, and More Account
Earn up to a $350 cash bonus. New members earn $150 when you open and use a Free Chequing account, and $100 when you open and deposit into a new High-Interest Savings Account. Plus, get up to $100 statement credit when you open and spend on a new Coast Capital Credit Card. Conditions Apply.
Get $150 towards an eligible National Bank credit card you activate after opening a National Bank The Total Chequing Account.
Monthly fee
$28.95
Waiver
The monthly fee on this account is waived if you maintain a balance of $6,000 or higher.
Transactions
unlimited
Interac e-transfers
$0
Non-network ATM in Canada
$0
National Bank Connected Account
Get $30 towards an eligible National Bank credit card you activate after opening a National Bank Connected Account.
Monthly fee
$15.95
Waiver
if you're aged 24–59 and your balance is less than $4,500, a $15.95 monthly fee applies
Interest rate
0%
Transactions
unlimited
Interac e-transfers
$0
Non-network ATM in Canada
$2
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 October 31, 2024.
Zero everyday banking fees Free transactions No minimum account balance
Mydoh Smart Card
$15 bonus for new accounts
Interest rate
0%
Minimum balance
N/A
Monthly fee
$0
Transactions
$0
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
Frequently asked questions about RBC promotions and offers
During the 2024 RBC Apple Watch offer, RBC is giving away a new Apple Watch Series 9 for free to eligible new customers.
During the 2023 free iPad offer, RBC was giving away a 10th Generation Apple iPad (10.9-inch, 64GB, Wi-Fi iPad). Customers could choose between 1 of 4 different colours for your free iPad: silver, blue, yellow or pink.
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.
The RBC offer terms and conditions may change depending on the promotion, but generally speaking, you'll first 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.
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.
Chelsey Hurst is an associate editor at Finder. She loves empowering people to avoid financial pitfalls and make better decisions with their money. Chelsey has a Bachelor of Science from Redeemer University, a Master of Science from McMaster University, and has won multiple awards for research communication. In her spare time, Chelsey enjoys cooking and taking long walks in nature.
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