RBC PROMOTIONS 2021: RBC ALL-INCLUSIVE BANK ACCOUNT



The gift: 10.2″ Apple iPad Wi-Fi 32GB (8th Generation) in your choice of colour- Space Grey, Silver and Gold (worth $429 CAD)…this is a good deal, previously they were Apple Airpods.

  • Deadline for account sign up: February 1, 2021

  • RBC Signature No Limit Banking account– $15.95 monthly fee, $39/year credit card rebate,

  • RBC VIP Banking account– $30 monthly fee, $120/year credit card rebate. Free safety deposit box (up to $60/year rebate), and free personalized cheques.

  • The Ask: By March 15, 2021: Complete TWO of the following:

  • Arrange for automated and recurring payroll direct deposit or monthly recurring pension direct deposit

  • Set up at least 2 pre-authorized bill payment to a service provider or pre-authorized payment to an RBC mortgage, loan, Royal Credit Line or contribution to your RBC investment account

  • Set up at least two (2) bill payments to a service provider (e.g., utility bill, cable, etc.) from RBC online banking or using the RBC app.


  • You can open an account online in 5 minutes (don’t need to step foot in an RBC branch)

  • The downside: The multi-product rebate doesn’t completely cover the monthly fee of these two chequing accounts. The monthly fee after the multi-product rebate is still $9.95 (this is an increase in $1 from before) for the No Limit Banking Account and is $19.95 for the RBC VIP Banking Account. Also, you can’t have had a personal banking RBC account in the last 5 years otherwise you are not eligible.

  • The biggest downside is that if you cancel your account before December 31, 2021, RBC has the right to debit your Eligible Personal Banking Account or any of your accounts with RBC for the $429 value of the iPad (and if you don’t have an account with them, they will invoice you). So essentially you have to pay $9.95 to $15.95 minimum for about 12 months, which is almost $120 to $200 for your free iPad.

For more information, here’s a link to the 2020/2021 RBC Free iPad offer. It takes 5 minutes to sign up for a bank account.

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