Offers
Welcome Bonus
New RBC clients who open an RBC VIP Banking account can receive a new iPad (Apple 11-inch iPad Wi-Fi 128GB) ($499 value). To qualify:
- Open an eligible RBC VIP Banking account by 9:00 PM Eastern Time on November 2, 2026
- Set up and complete two of the following qualifying criteria within 90 days of opening the account:
- Your payroll or pension as a direct deposit
- Two pre-authorized monthly payments (PAPs)
- Two eligible bill payments to a service provider
PLUS SWEETENER OFFER: Contribute new funds to an eligible investment account within 90 days of opening your eligible account, and contribute:
- $25,000 to $49,999.99 in new funds to qualify for an iPad Air ($799 value), or
- $50,000 or more+ in new funds to qualify for an iPad Pro ($1,399 value) or MacBook Air ($1,499 value)
Note: You must be the primary account holder of the eligible investment account.
Other terms and conditions apply.
FlyerFunds Rebate
Plus, if you apply for the RBC VIP Banking Account through Frugal Flyer and are approved, you can receive an additional $75 paid directly to you.
Account Features
The RBC VIP Banking account offers unlimited debit and unlimited Interac e-Transfer transactions. This account also offers no RBC fees to use ATMs worldwide.
Account holders can make unlimited cross-border debit transactions. Note that you will still be charged the 2.5% foreign exchange fee on these transactions.
RBC VIP Banking account holders can receive up to a $120 annual fee rebate on an eligible RBC credit card annually. Eligible cards include the RBC Ion+ Visa, RBC Avion Visa Infinite card, RBC Avion Visa Platinum card, RBC Rewards Visa Preferred card, RBC U.S. Dollar Visa Gold card, RBC British Airways Visa Infinite card, RBC Cash Back Preferred World Elite Mastercard, and the WestJet RBC World Elite Mastercard. VIP account holders will receive only one annual fee rebate per year, even if they hold multiple RBC credit cards.
Account holders can receive their first book of personalized cheques at no cost. They are also eligible to receive twelve free bank drafts per year.
RBC VIP chequing account holders can receive up to a $60 annual rebate on a safety deposit box.
The overdraft protection fee is also waived for the RBC VIP banking account.
Fees
Monthly Fees
The RBC VIP Banking account has a monthly fee of $30.00, which cannot be waived by holding a minimum balance in the chequing account. The monthly fee can be reduced to $17.05 with the Value Program Rebate.
Legal
1) To qualify for the Personal Banking Promotional Offer, you must meet all the following criteria: Be a resident of Canada, and by November 2, 2026 be of the age of majority in the province or territory in which you reside; Not have an existing Personal Banking Account with us; Never had a Personal Banking Account with us, nor qualified for any of our offers related to opening a Personal Banking Account at any time during the Promotional Period or in the five year period before the start of the Promotional Period; Have a valid deliverable email address associated with your client profile with us by November 2, 2026; Open your first new Eligible Personal Banking Account of either an RBC Signature No Limit Banking® account (monthly fee of $16.95) or RBC VIP Banking® account (monthly fee of $30) by 9:00 PM Eastern Time November 2, 2026; and Complete two of the following criteria within 90 days of opening the Eligible Personal Banking Account and no later than by 9:00 PM Eastern Time on the 90th day: 1. Transfer the full amount of your automated and recurring payroll direct deposit or monthly recurring pension direct deposit to your new Eligible Personal Banking Account. RBC has the right to determine what is considered payroll, 2. Set up two (2) pre-authorized monthly payments (“PAPs”) from the Eligible Personal Banking Account, 3. Set up two (2) eligible bill payments to a service provider from your new Eligible Personal Banking Account. Provided you fulfill the above Personal Banking Qualifying Criteria, you will be eligible to receive a complimentary Apple iPad (Apple 11-inch iPad Wi-Fi 128GB).
This offer may not be combined or used in conjunction with any other Personal Banking Account offers unless otherwise indicated. Royal Bank of Canada reserves the right to withdraw this offer at any time without notice, even after acceptance by you. Other conditions apply.
Royal Bank of Canada may withdraw or amend this Offer at any time without notice. For full details including defined terms visit Royal Bank of Canada Summer 2026 iPad Offer Terms & Conditions.