Royal Bank RBC Royal Bank: Get a FREE Apple Watch Series 1 or iPhone SE for $79.00 When You Open an All-Inclusive Banking Account Get a FREE Apple Watch with Select New Accounts!

get this deal

The best Apple Watch is a free Apple Watch, so visit RBC Royal Bank, because they'll give you a FREE Apple Watch Series 1 or an iPhone SE for $79.00 when you open an all-inclusive banking account!

The RBC Signature No Limit Account and RBC VIP Banking Account are both eligible with this offer -- both offer unlimited debit transactions and no minimum balance for a monthly fee of $14.95 or $30.00, respectively.

You can apply online or in a branch and there are a few extra steps after opening an account to qualify for the free Apple Watch or iPhone SE offer.

  • Complete one recurring payroll or pension direct deposit or two pre-authorized payments before October 31, 2017
  • Enroll in RBC Online Banking

Once complete, you'll receive an email with instructions on how to redeem the Apple Watch or iPhone SE. The Apple Watch Series 1 is available in both 38mm or 42mm sizes (valued at up to $399.00), while the iPhone SE is unlocked with 16GB of storage (valued at $500.00).

This offer is available to new RBC customers only until September 1 -- click here to view the full terms and conditions for this offer.

89 Comments

View all
    • Not sure I read correctly but 14.95$ per month and you have to stay there for a bit

      You don't save that much vs just buying the watch

      And iirc the first version of the watch is isn't that good
    • Report Post
    • Thanks OP. Pretty nice deal, but just a note to anyone considering this that you will have to stay with RBC for over a year...

      Digging through the Terms and Conditions I found this:
      If you received the Reward and then downgraded, changed or closed your Eligible Personal Banking Account or undid any of the Qualifying Criteria you performed to get the Reward, such as cancelled any payroll/pension deposit or pre-authorized payment, at any time before September 29 2018, we reserve the right to debit your Eligible Personal Banking Account or any of your accounts for the value of the Reward you selected (less any amount paid when you selected the Reward) as described in the table below, plus applicable taxes, even if this places you into overdraft. If your Eligible Personal Banking Account is closed and you do not have any other account with us at that time, we will send you an invoice for the value of the Reward you selected, as described in the table below plus applicable taxes, which you agree to pay in 30 days.

      Reward Model Value
      (after any initial payment)
      Apple Watch Series 1 - 38mm Case Size MNNG2CL/A,
      MNNJ2CL/A,
      MNNH2CL/A,
      MP022CL/A $ 359.00

      Apple Watch Series 1 - 42mm Case Size MNNL2CL/A,
      MNNN2CL/A,
      MNNM2CL/A,
      MP032CL/A $ 399.00

      iPhone SE (16 GB) – unlocked (initial payment of $79 required at the time this Reward is selected) MLLP2VC/A,
      MLXM2VC/A,
      MLLN2VC/A,
      MLXN2VC/A $ 500.00
    • Report Post
    • I stayed with Cibc for 2 years when they had their $300 promotion.

      Now I am trying to find the cheapest option for business accounts/ credits cards
    • Report Post
    • I don't see a way to waive the charges like there usually is.. is anybody else seeing that/ is that correct?
    • Report Post
    • How long should I keep the account?
    • Report Post
    • Might as well buy the Apple Watch straight out and you will save even more than be locked in with RBC with the scam fees
    • Report Post
    • I know TD and BMO (likely others too) waive monthly fees if you keep a certain amount in the account. RBC never did that and it doesn't seem they do now.
    • Report Post
    • anshen wrote:
      May 4th, 2017 5:36 pm
      How long should I keep the account?
      Can only cancel after September 28 2018.
      So have to be with them for 16 months.

      $14.95 x 16 months = $239.20
    • Report Post
    • Same Apple Watch is frequently on sale in US Target for 199USD. Combine with red card and in store coupon( sometimes), you have the deal
    • Report Post
    • Thatdealguy wrote:
      May 4th, 2017 5:39 pm
      Can only cancel after September 28 2018.
      So have to be with them for 16 months.

      $14.95 x 16 months = $239.20
      . In that case, I would open an account on August 30,2017 to make a shorter term.
    • Report Post
    • Yah, this is a bit more interesting if you happen to be new to canada. Their $14.95 account is then free for 6 months.

      Also, does anybody actually have an Apple Watch and can recommend it? I'm not even sure if i'd keep mine or pawn it on Kijiji
    • Report Post
    • hermit1988 wrote:
      May 4th, 2017 5:41 pm
      Same Apple Watch is frequently on sale in US Target for 199USD. Combine with red card and in store coupon( sometimes), you have the deal
      Well, you also get the account with free transactions, money orders, interact transfers, etc. Worth something...
    • Report Post
    • may as well offer you a box. (simpsons) banks are so shady.
    • Report Post
    • Ychanceit wrote:
      May 4th, 2017 5:35 pm
      I don't see a way to waive the charges like there usually is.. is anybody else seeing that/ is that correct?
      I have all my accts with RBC, they definitely do NOT waive your fees despite maintaining a balance.

      I'm finally making the switch to TD. I just stayed with RBC because I was lazy. TD's $30/ mo plan fee gets waived when your balance is over $5000, which is great as it comes with a tonne of "free" stuff like drafts, waiving your VISA annual fee, small safety deposit box and etc...
    • Report Post
    • mobifree wrote:
      May 4th, 2017 6:07 pm
      I have all my accts with RBC, they definitely do NOT waive your fees despite maintaining a balance.

      I'm finally making the switch to TD. I just stayed with RBC because I was lazy. TD's $30/ mo plan fee gets waived when your balance is over $5000, which is great as it comes with a tonne of "free" stuff like drafts, waiving your VISA annual fee, small safety deposit box and etc...
      You can get fees waved if you maintain multiple products with RBC, but none of the accounts that qualify for the Watch gets you fully free costs.

      So really you're paying about 8.95 over 12 months to get that Watch. 108 bucks (and no HST cuz bank fee, right?) is not bad if you really want a Series 1.

      And you happen to already have investments and mortgage with them.

      So yeah. Not many folks on RFD are going to qualify.
    • Report Post
    • Elessar wrote:
      May 4th, 2017 6:52 pm
      You can get fees waved if you maintain multiple products with RBC, but none of the accounts that qualify for the Watch gets you fully free costs.

      So really you're paying about 8.95 over 12 months to get that Watch. 108 bucks (and no HST cuz bank fee, right?) is not bad if you really want a Series 1.

      And you happen to already have investments and mortgage with them.

      So yeah. Not many folks on RFD are going to qualify.
      Because of the drafts I have the VIP acct..And it doesn't get fully waived despite having all the products.
      With TD, I'm getting my fee waived in full for maintaining $5000+.
    • Report Post
    • mobifree wrote:
      May 4th, 2017 6:07 pm
      I have all my accts with RBC, they definitely do NOT waive your fees despite maintaining a balance.

      I'm finally making the switch to TD. I just stayed with RBC because I was lazy. TD's $30/ mo plan fee gets waived when your balance is over $5000, which is great as it comes with a tonne of "free" stuff like drafts, waiving your VISA annual fee, small safety deposit box and etc...
      That's the best offer right now IMHO.
      I have that, and it's pretty good.
      They are opened Saturdays and Sundays too.
    • Report Post
    • I know we RFDers are always railing against bank fees, but some RBC packages actually offer excellent value, especially if you travel. And I'm going to switch to the VIP package. I have a mortgage and Direct Investing accounts, so this brings the package down to $19.95 instead of $30.

      The VIP package is worth it for couples that like to keep separate bank accounts. You get up to 3 bank accounts (e.g. 1 each and a joint account), free cross-border debits, rebates on Interac fees, and a full rebate on the Aviion travel credit card, which is worth $170 a year with co-card fee.

      The card has comprehensive travel insurance for 2 (interruption, cancellation, etc.) and it even has 15 day sof medical. The travel insurance without medical can cost $300 for a 2 week trip for 2 to Europe!

      So not bad if you actually use the benefits.
    • Report Post
    • randomroyalty wrote:
      May 4th, 2017 9:03 pm
      I know we RFDers are always railing against bank fees, but some RBC packages actually offer excellent value, especially if you travel. And I'm going to switch to the VIP package. I have a mortgage and Direct Investing accounts, so this brings the package down to $19.95 instead of $30.

      The VIP package is worth it for couples that like to keep separate bank accounts. You get up to 3 bank accounts (e.g. 1 each and a joint account), free cross-border debits, rebates on Interac fees, and a full rebate on the Aviion travel credit card, which is worth $170 a year with co-card fee.

      The card has comprehensive travel insurance for 2 (interruption, cancellation, etc.) and it even has 15 day sof medical. The travel insurance without medical can cost $300 for a 2 week trip for 2 to Europe!

      So not bad if you actually use the benefits.
      TD has a similar plan, and the fees are waived if you maintain a balance of $5k.
    • Report Post
    • Elessar wrote:
      May 4th, 2017 6:52 pm
      You can get fees waved if you maintain multiple products with RBC, but none of the accounts that qualify for the Watch gets you fully free costs.

      So really you're paying about 8.95 over 12 months to get that Watch. 108 bucks (and no HST cuz bank fee, right?) is not bad if you really want a Series 1.

      And you happen to already have investments and mortgage with them.

      So yeah. Not many folks on RFD are going to qualify.
      You need at least one of their products or all to get the rebates? If having an extra credit card to get 6$/mo rebate, I'm ok with that
    • Report Post

Other Banking & Investing Deals

View all

Other Royal Bank Deals

View all
get deal