Expired Hot Deals

[Royal Bank] Open Student Banking Account ...Free $60

  • Last Updated:
  • Sep 21st, 2017 9:36 am
Deal Addict
Oct 21, 2015
3979 posts
20980 upvotes
BC, Lower Mainland
shannn wrote:
Aug 7th, 2017 2:32 pm
Nice

Free email transfers with RBC personal accounts too!!
Free E-transfer to any banks? I get $1.50 charge at my local Coast Capital Union Bank.

Coast Capital Union offers $200 credits if you signed up with them.
Member
Oct 12, 2008
318 posts
315 upvotes
Markham
Thatdealguy wrote:
Aug 7th, 2017 4:06 pm
how can you deny a check? I thought they have to do it no matter what. Like getting a new phone from Rogers or Telus.

FYI: If you signed up with this, you will not be eligible to get their "Annual Free Items" Promotion.

This year was the Iphone Se and the old apple watch. Last year was a mini Ipad tablet.
They do it for getting a new phone because they're effectively offering you a loan (for the phone) which you pay back through using their service.

Banks do it because they want to upsell you credit products (like overdraft protection, credit cards, mortgages and etc.), but there's no obligation for you to take their hard credit check (unless you apply to open an account online, in which case a hard check is done automatically). Banks are required, by law, to let you open bank accounts as long as you don't fit a very narrow list of valid refusal reasons (which have absolutely nothing to do with your credit).

If you're going to apply for credit cards or any type of loan, always open the account in branch and ask them explicitly to not run a hard inquiry on you.
Deal Addict
Oct 21, 2015
3979 posts
20980 upvotes
BC, Lower Mainland
Dave510 wrote:
Aug 7th, 2017 4:59 pm
They do it for getting a new phone because they're effectively offering you a loan (for the phone) which you pay back through using their service.

Banks do it because they want to upsell you credit products (like overdraft protection, credit cards, mortgages and etc.), but there's no obligation for you to take their hard credit check (unless you apply to open an account online, in which case a hard check is done automatically). Banks are required, by law, to let you open bank accounts as long as you don't fit a very narrow list of valid refusal reasons (which have absolutely nothing to do with your credit).

If you're going to apply for credit cards or any type of loan, always open the account in branch and ask them explicitly to not run a hard inquiry on you.
Thanks for your detailed information! I never knew about that. The overdraft seems like a good product. They always said it is free and I always add it because I got charged several times for withdrawing more than what I have.
Sr. Member
Jan 16, 2016
969 posts
532 upvotes
Hamilton, ON
Thatdealguy wrote:
Aug 7th, 2017 4:06 pm
how can you deny a check? I thought they have to do it no matter what. Like getting a new phone from Rogers or Telus.
*while account rep is inputting your personal information into their system* "... and I don't want any credit check when you open this account"
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Jan 27, 2004
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T.O. Lotto Captain
Silverman wrote:
Aug 7th, 2017 11:58 am
Is that really a significant concern for a thirteen year old?
Better to start young!!!!

One second... I heard a penny drop *pulls out camo, baton and riot gear to get ready for penny hunt**.
Deal Addict
Oct 21, 2015
3979 posts
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BC, Lower Mainland
I wished my mom and dad taught me how to save and spend money when I was young. It would save me a lot of money if I know how to spend.

When I first joined RFD, I learned how to save some money. After a while, I got a disease called RFD Effect. Spent too much money on things that I don't need.
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Sep 22, 2012
2019 posts
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Richmond Hill
crispwolf wrote:
Aug 8th, 2017 11:01 pm
mind share what's $20 for 20 min promo?
Click the link.
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Feb 20, 2006
7556 posts
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Canada
Thatdealguy wrote:
Aug 7th, 2017 4:07 pm
Free E-transfer to any banks? I get $1.50 charge at my local Coast Capital Union Bank.

Coast Capital Union offers $200 credits if you signed up with them.
Yup! Free interac e-transfers (not like the bank to bank transfers like tangerine).
He died for me, I live for him
Deal Addict
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Oct 15, 2015
1507 posts
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Montreal, QC
For full time students only but it's a decent deal, no fee bank account and $60
Jr. Member
Apr 29, 2016
176 posts
44 upvotes
Alekxqin wrote:
Aug 9th, 2017 12:07 am
For full time students only but it's a decent deal, no fee bank account and $60
Then if you're college or university student,
  1. Open a free TFSA
  2. Get an RBC visa credit card
  3. Setup the TFSA to transfer $25 every month
  4. Switch your student account to the RBC No Limit Banking for Students

Result: No annual credit card fee and unlimited free banking.

Bonus: You can transfer the $25 back every month along as you keep $5 in your TFSA so they don't close it.
Sr. Member
Mar 1, 2010
827 posts
210 upvotes
what's the minimal balance should I keep to avoid monthly fee if I am not a student in the future? For this promotion, how long should I keep with RBC?

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