Should you like to open a new checking account, you might find the new account offers from RBC interesting.
Though the free iPad offer is no longer available, new customers who create a qualifying bank account will be eligible for a new Apple Watch Series 9 welcome incentive. They have previously given out AirPods, cash bonuses, and other goodies.
Not just RBC is drawing in new business. You can take use of a number of different fresh bank account offers in Canada.
RBC Apple Watch Series 9 Bonus Offer
By June 3, 2024, open an RBC Signature No Limit Banking or RBC VIP Banking account, and by August 9, 2024, accomplish two of the following three tasks to be eligible for a free new Apple Watch Series 9:
- 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
Following your satisfaction of the eligibility requirements, RBC will email you, within 10 working days, a secure connection to an online store where you may choose your iPad and verify your shipping information.
Those who have opened an account within the last five years or who are already RBC clients are not eligible for this promotion.
An outline of the RBC campaign is provided below:
RBC Signature No Limit Banking Review
One of two premium checking accounts the bank offers is the RBC Signature No Limit Banking account.
You receive these for a monthly charge of $16.95:
- 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)
Clients with several RBC accounts—mortgages, credit cards, investments, etc.—may be eligible for a partial monthly fee refund.
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 yearly credit card fee reimbursement
- Rebates of up to $60 on safe deposit boxes
- Yearly free drafts total twelve ($8.50 each thereafter)
- Customized checks for free
- Fee for overdraft protection waived (interest still applies).
Refunds of partial fees are available if you own many RBC products.
| RBC Account | RBC Signature No Limit | RBC VIP Banking |
| Monthly fee | $16.95 | $30 |
| Minimum balance to waive monthly fee | N/A | N/A |
| Number of free debits | Unlimited (Canada) | Unlimited (worldwide) |
| Free Interac e-Transfers/month | 999 | 999 |
| Credit card fee rebate | $39/year | $120/year |
| Other perks | 3 free non-RBC ATM transactions/month; 5 free cross-border debits; save $12/year on safe deposit box, 6 free drafts; free paper statements | Can 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 offer | Apple Watch | Apple Watch |
RBC Savings Account Promotion
You could check out RBC’s promotional savings offerings even though its regular savings account interest rates are not very competitive.
Three months of 5.5% interest are paid on new RBC High Interest eSavings accounts. You have to register an account before April 10, 2024, to be qualified.
This account offers 1.70% as its standard interest rate.
New Bank Account Promotions in Canada
Should you be opening a new bank account (savings or checking), these deals are worth investigating.
Simplii Financial Offer ($400 Bonus)
Open a Simplii no-fee checking account and get a $400 bonus (offer good through October 31, 2024).
You have to add a direct deposit of at least $100 for three months running in order to be eligible for the cash reward.
Your pension, government benefit, or pay cheque can all be paid by direct deposit.
Simplii also offers a 5.90% interest rate high-interest savings account.
See our comprehensive review for further information on this offer.
Scotiabank New Account Bonus ($350)
When you create a qualifying checking account, Scotiabank is giving up to $350:
Scotiabank Preferred Package ($16.95 monthly charge)
Scotiabank Ultimate Package ($30.95 monthly charge)
You have until July 31, 2024, to establish an account and finish two of the three activities in order to be eligible for this offer;
Pay a fifty dollar bill with mobile or internet banking.
Configure two qualifying reoccurring pre-authorized purchases totaling $50 or more for a minimum of three months.
Establish at least one direct deposit payment (such as payroll or pension payments) that happens for three months in a row.
EQ Bank Savings Offer
EQ Bank has one of Canada’s top non-promotional savings interest rates. Its savings plus account without monthly fees provides:
- Up to 4.00% interest on every dollar
- Unlimited free debits and Interac e-Transfers
- Free mobile cheque deposits
- No monthly fees
- Up to 5.35% interest on GICs