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, 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 $450 when you open an RBC Signature No Limit Banking Account. Apply by February 10, 2025.
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 $450 when you open an RBC VIP Banking Account. Apply by February 10, 2025.
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 when you open an account and complete one of three steps. Valid until January 31, 2025.
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 January 31, 2025.
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 January 31, 2025.
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.
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 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
Unfortunately, no. The RBC iPad offer is no longer available. Previously, RBC offered a free 10.9-inch Apple iPad (Wi-Fi, 64GB) in one of four colour options to new customers who signed up for an eligible RBC account before October 1, 2024 and fulfilled a set of conditions before December 9, 2024.
Is the RBC Apple Watch offer still available?
No, RBC is no longer offering a free Apple Watch promotion. Previously, if you signed up for an eligible new RBC account by June 3, 2024, and completed certain qualification requirements, you would have gotten a free Apple Watch Series 9 GPS with one of four case and band colour options.
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:
BMO Performance Chequing Account
Get up to $700 in cash bonuses. Earn $450 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 March 3, 2025. Also earn a 4.75% promo interest rate when you open a Performance Chequing and a Savings Amplifier Account.
The monthly account fee is 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 $700 in cash bonuses. Earn $450 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 March 3, 2025. Also earn a 4.75% 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
Earn up to a $700 welcome bonus. Valid until January 31, 2025. Plus, enjoy no monthly plan fee banking for one year, and send unlimited BMO Global Money Transfers with no fee.
Zero monthly fees. Earn interest. Welcome bonus. Free transactions. No minimum balance.
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.
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 cashback when you get 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 $125 cash bonus and up to 12 months of Domino’s Pizza (worth $95, one pizza per month) when you open a new BMO Student Chequing Account. Valid until February 28, 2025.
Frequently asked questions about RBC promotions and offers
During the 2024 RBC Apple Watch offer, RBC was giving away a new Apple Watch Series 9 for free to eligible new customers.
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.
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 a publisher at Finder, specializing in banking and investments. 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. See full bio
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Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
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