Offers
Welcome Bonus
New RBC clients who open an RBC VIP Banking account can get the new Apple Watch(1) (worth $549). To qualify:
- Open an eligible RBC VIP Banking account by June 1, 2026
- Set up and complete two of the following qualifying criteria by 9:00 PM Eastern Time on August 10, 2026:
- Your payroll or pension as a direct deposit
- Two pre-authorized monthly payments (PAPs)
- Two eligible bill payments to a service provider
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 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 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 take advantage of this offer, you must be a resident of Canada and age of majority by June 1, 2026 and you must not have an existing Personal Banking Account with Royal Bank of Canada or any of its deposit taking subsidiaries at the beginning of the “Promotional Period” on January 14, 2026, or in the prior five year period, and otherwise comply with the terms of the offer. You will be eligible to receive a complimentary Apple Watch (Apple Watch Series 11 GPS, Rubber band, 42 mm or 46 mm case in your choice of Jet Black Aluminum with Black Sport Band, Space Grey Aluminum with Black Sport Band, Rose Gold Aluminum with Light Blush Sport Band or Silver Aluminum with Purple Fog Sport Band, Model Numbers included in the full Terms and Conditions), when you 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 9PM EST June 1, 2026 and complete two of the following ”Qualifying Criteria” by 9PM EST August 10, 2026: set up two pre-authorized payments from the Eligible Personal Banking Account; and/or one automated and recurring payroll or pension direct deposit to the Eligible Personal Banking Account, and/or two eligible bill payments to a service provider from the Eligible Personal Banking Account. RBC has the right to determine what is considered payroll. 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 rbc.com/watchterms.