Royal Bank RBC Royal Bank: Get a $300.00 Cash Bonus When You Open a New All-Inclusive Bank Account Get $300 with a New All-Inclusive Bank Account!

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Open your next bank account with RBC Royal Bank, because you'll get a $300.00 cash bonus when you open a new all-inclusive bank account!

This offer is only available to new or eligible customers and there are two accounts eligible for the $300.00 cash bonus.

After opening an account online or at an RBC branch, there's just one additional step required to qualify for the cash bonus:

  • Set up a payroll or pension as a direct deposit or two pre-authorized payments to a service provider before June 28, 2019

Once complete, your eligible cash bonus will be deposited into your account within eight weeks.

This offer is available until April 1, 2019 to new or eligible customers -- click here to read the complete terms and conditions of this offer.

21 Comments

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    • The monthly fee seems pretty steep.
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    • The Bonus Offer is $300 with an RBC VIP Banking® (monthly fee of $30) or RBC Signature No Limit Banking® account (monthly fee of $14.95, increase to $15.95 effective June 1, 2019); or $100 with an RBC No Limit Banking® account (monthly fee of $10.95).
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    • Your Eligible Personal Banking Account must remain open and in good standing, and the Qualifying Criteria you performed to get the Bonus Offer for the RBC Signature No Limit Banking®, RBC VIP Banking®, and RBC No Limit Banking accounts (such as payroll/pension deposit or pre-authorized payment) must remain in effect for at least 365 days from the Qualify By Date.
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    • Any way to get the fee waived? Minimum balance?
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    • Good luck if you need to phone them. They do not provide even the most basic of customer service.
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    • RBC is the worst bank to deal with. They close your accounts automatically if you don't actively use them. Higher lending rate than other banks. Fee can't be waived and cold deal like this.
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    • fee sucks, rbc sucks, no deal
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    • tfong010 wrote:
      Jan 23rd, 2019 4:11 pm
      Good luck if you need to phone them. They do not provide even the most basic of customer service.
      In a weird way, I actually like the directness of RBC. I opened an account, first time with them under a different promotion. I had asked them a question about taking advantage of another promotion, and instead of beating around the bush or giving me some fake plastic answer, they were just pretty direct about it. Sometimes I appreciate it more, rather than lying to one customer and then telling another something else
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    • RBC will have to face loss of clients and profitability unless they change the way they treat them. Right now RBC treats people like they are very dumb consumers with lack of basic math skills and any choice. RBC feels entitled to their current and potential clients. I moved on from them after they wouldn't give me rate that HSBC had posted on their website.
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    • ibuddler wrote:
      Jan 23rd, 2019 4:23 pm
      RBC is the worst bank to deal with. They close your accounts automatically if you don't actively use them.
      That's false... they will send you a communication letting you know that you have not used at all the account for 2 years, and will ask you to return a signed form within 60 (or 90) days to keep it open; they cannot close an account without informing you at all
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    • roblombardi wrote:
      Jan 24th, 2019 1:28 pm
      That's false... they will send you a communication letting you know that you have not used at all the account for 2 years, and will ask you to return a signed form within 60 (or 90) days to keep it open; they cannot close an account without informing you at all
      No. They DID NOT. They closed without informing me at all and it's not a dormant account you are referring to. Google it you will see how many people accounts have been closed for no reason from RBC. Even on this board, lots of RFDers complained before.
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    • roblombardi wrote:
      Jan 24th, 2019 1:28 pm
      That's false... they will send you a communication letting you know that you have not used at all the account for 2 years, and will ask you to return a signed form within 60 (or 90) days to keep it open; they cannot close an account without informing you at all
      they can and do close accounts as they see fit with no recourse and very little notice. the notice you get it to remove your money within a certain amount of time. i forgot how long. something like 60 days...
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    • ibuddler wrote:
      Jan 24th, 2019 3:44 pm
      No. They DID NOT. They closed without informing me at all and it's not a dormant account you are referring to. Google it you will see how many people accounts have been closed for no reason from RBC. Even on this board, lots of RFDers complained before.
      They always have to inform you, if you weren't informed, then you have a case and should report this to the Ombudsman.

      However, they seem to close accounts from time to time, if they think you are a high risk client, or involved in money laundering (and not only RBC, but all banks would do the same if you are flagged for these reasons); however, again, if you are wrongly flagged, you can ask for an investigation or report it again, to the Ombudsman
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    • Been a long standing RBC client for close to 15 years now. Mortgage, VISA Infinite and VIP Account. Mortgage rate is extremely competitive (almost 2% under prime), Both VISA's are free but I do pay the VIP price (with a 35% discount). Any time at a branch or on the phone they treat me extremely well. The warranty claims I've used on the VIA alone has close to paid for anything I have paid in banking fees...

      The only account that has almost closed on me was a USD account with a very low balance and no activity for almost two years. When I went to withdraw the money to close it, they actually convinced me to keep it open. Didn't seem they wanted me to close it. I have well over 10 accounts with them (eSavings for the kids and several other savings accounts).

      I don't see a big issue with an account that sits dormant for 2+ years with a balance of 0$ being closed to be such a huge deal. I would agree a communication should be the minimum. But I would also suspect that those saying that happened aren't sharing the whole story or maybe aren't well informed as to what took place...

      Either way it's always YMMV sort of thing but since there was so much bashing, I wanted to say that My wife and I are very active users of many RBC services and I've never been left unsatisfied with any interactions with them.
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    • roblombardi wrote:
      Jan 25th, 2019 8:22 am
      They always have to inform you, if you weren't informed, then you have a case and should report this to the Ombudsman.

      However, they seem to close accounts from time to time, if they think you are a high risk client, or involved in money laundering (and not only RBC, but all banks would do the same if you are flagged for these reasons); however, again, if you are wrongly flagged, you can ask for an investigation or report it again, to the Ombudsman
      While what you are saying makes sense and could be a great answer to FAQ, this is not what he is saying.
      If it's always the same bank flagging people and closing their accounts then there is a good chance the issue is the bank and not the clients... But hey they can kick out whoever they want they dont owe us anything.
      Ive been with RBC for over 25 years myself and never had any major issues. I just remember when applying for the avion card by phone it took 3 phone calls and they had to verify this and verify that... Thats compared to instant approvals for all other banks...
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    • sky1213 wrote:
      Jan 25th, 2019 8:51 am
      While what you are saying makes sense and could be a great answer to FAQ, this is not what he is saying.
      If it's always the same bank flagging people and closing their accounts then there is a good chance the issue is the bank and not the clients... But hey they can kick out whoever they want they dont owe us anything.
      Ive been with RBC for over 25 years myself and never had any major issues. I just remember when applying for the avion card by phone it took 3 phone calls and they had to verify this and verify that... Thats compared to instant approvals for all other banks...
      But if you google cases of people having their accounts closed for no particular reason, you will see not only RBC does it, other banks do it too if they believe they have a high risk client; also, you had issues getting an Avion credit card... I had issues getting a regular credit card with TD once, even if I had a full time job at that time and was getting regular paycheques, they told me they would give me an "insured" credit card, where I would have $2,000 credit, but I had to deposit $2,000 on a special account that I could not withdraw for 2 years :facepalm:

      All banks have their own things, but my post was more geared towards recommending to ask for an explanation or an investigation if you think you were treated unfair
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    • roblombardi wrote:
      Jan 25th, 2019 8:22 am
      They always have to inform you, if you weren't informed, then you have a case and should report this to the Ombudsman.

      However, they seem to close accounts from time to time, if they think you are a high risk client, or involved in money laundering (and not only RBC, but all banks would do the same if you are flagged for these reasons); however, again, if you are wrongly flagged, you can ask for an investigation or report it again, to the Ombudsman
      They didn't inform me.

      I used to have 2 USD accounts and 2 CAD accounts with them. They close 1 USD account and 2 CAD accounts without informing me. The funny thing is the CAD account was opened when I did a mortgage with them (They will force you to open a bank account if you want to waive the appraisal fee...). And they just closed my account in 2 weeks after... I'm not planning to use it anyway so I didn't report or complain.

      I bank with TD, CIBC, RBC, Scotia, HSBC and BMO. So far BMO is the best among all. Their mortgage rate is also very competitive. The only drawback is they don't have lots of branches in Calgary.
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    • ibuddler wrote:
      Jan 25th, 2019 11:42 am
      I'm not planning to use it anyway so I didn't report or complain.
      You should still ask about it, in my opinion... maybe there's somebody out there who has the same name as you and has been flagged for fraud, or other issues??... I would still go back and ask for some clarification and ask why was I not informed at all about it
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    • I have an account with a local credit union. No fees for an awesome banking package. When I phone there it rings twice and I am speaking to an actual person. Cheap and flexible LOC and friendly service.
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