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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, 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.

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RBC VIP Banking Account

★★★★★

Get $450 when you open an RBC VIP Banking Account. Apply by February 10, 2024.

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RBC Advantage Banking for Students

Get $100 when you open an account and complete one of three steps. Valid until January 31, 2025.

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.

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 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
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.

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 (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 a $600 cash bonus. Earn $400 when you open a new BMO Performance Chequing Account and $150 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. Plus, earn a 4.75% 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 $400 when you open a new BMO Premium Plan Chequing Account and $150 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. Plus, earn a 4.75% bonus interest rate when you add a Savings Amplifier Account.

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BMO New to Canada Performance Chequing Account

★★★★★

Earn up to a $600 welcome bonus. Valid until March 3, 2025. Plus, enjoy no monthly plan fee banking for one year, and get a $100 Walmart Canada eGift card with the BMO NewStart Program.

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Simplii No Fee Chequing Account

★★★★★

Earn $500 when you become a new client and set up a direct deposit of at least $100 for 3 months. Offer ends February 28, 2025.

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Coast Capital Free Chequing, Free Debit, and More Account

★★★★★

Get $150 when you open an use a Free Chequing, Free Debit and More Account. Conditions apply. Apply by November 28, 2024.

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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 28, 2025.

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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 January 31, 2025.

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EQ Bank Personal Account

★★★★★

Earn 3.75% interest on your money for 12 months, and 2.00% thereafter.

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Mydoh Smart Card

$15 bonus for new accounts

EQ Bank Joint Account

Earn 3.75% interest on your money.

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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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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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