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[Royal Bank] RBC IPAD (2018) OFFER

  • Last Updated:
  • Jul 16th, 2018 3:24 am
[OP]
Jr. Member
Oct 27, 2009
124 posts
167 upvotes
Montreal

[Royal Bank] RBC IPAD (2018) OFFER

There was another thread opened about this offer but it racked many pages of negative comments as many details were omitted by the OP. I figured it would be better to open another thread.

Guidelines :
Who qualifies:
• New and existing clients
without PBA who open
an SNL or VIP
• Clients must add a Payroll Deposit
OR 2 Pre-authorized Payments
OR *NEW* 1 recurring
RBC Mortgage payment.
• Client must be OLB enrolled to
receive the iPad.


You must be a new client OR a current client that does not have a CHECKING account, savings accounts are fine. Also, current clients with other products such as a mortgage or a credit but does not have a checking account will qualify. I have attached a picture but can't be sure it respects all RFD rules ( sorry!).

I believe this offer is better than most bank offers this season ( 300 $ cashback etc).

CHEERS!!
Images
  • RBC.jpg
Last edited by RFDSimon on May 26th, 2018 10:05 am, edited 1 time in total.
Reason: Added link
Financial and Debt Advisor
363 replies
[OP]
Jr. Member
Oct 27, 2009
124 posts
167 upvotes
Montreal
SNL account info : https://www.rbcroyalbank.com/accounts/s ... nking.html

VIP : https://www.rbcroyalbank.com/accounts/vip-banking.html

Unlike TD and the like, there are no ways for you to waive the monthly fees by leaving a minimum deposit. My suggestion would be to go for the SNL, order the checkbook (free) and convert into a basic account once the required term as been completed.

Rule : Eligible Personal Banking Account must remain open and in good standing, and the Qualifying Criteria the client performed to get the Reward (such as payroll/pension deposit or pre-authorized payment) must remain in effect until September 27 2019.
Financial and Debt Advisor
Sr. Member
Feb 14, 2016
995 posts
350 upvotes
Upvoted, since this one actually has infos !
Newbie
May 1, 2018
77 posts
44 upvotes
Vancouver
So only a Personal Bank Account works? Or Signature No limit or VIP??

I can't just sign up for the day to day banking option as I would be a new RBC client anyways.. just want to avoid those high monthly fees as much as possible
Deal Addict
May 18, 2009
4328 posts
641 upvotes
Toronto
Chequing*
Last edited by yesstyle on May 26th, 2018 10:19 am, edited 2 times in total.
Member
Oct 22, 2012
309 posts
401 upvotes
@MTLGuru
On the image you posted, it also mentions the RBC Infinite Avion with 30K points and FYF. How does one get that offer?
Newbie
User avatar
Aug 26, 2011
55 posts
17 upvotes
Calgary
i really wanted a ipad too

any mathematicians on RFD that can calculate the costs of the ipad overtime for a SNL account
Member
Mar 28, 2011
426 posts
217 upvotes
Toronto
Too many acronyms so we should explain it

Best and easiest way to do this is sign up for signature no limit cheque account (SNL) at $14.95, switch over 2 Pre authorized payment bills (PAP), and enroll for online banking (OLB)

Timing to minimize cost is to sign up in late August and pay up to 15 months of SNL fee at $14.95 each month for total fee of $225 (no tax) for the new ipad 32gb vs retail $429+tax in your province

So Ontario resident would save approx $260

I don’t know if this is better than the $300 cash offering from other banks for signing up (especially if you can waive monthly fees)

This might be better if you are a senior and can get the SNL fee down to $11 a month, then you come out slightly ahead of the $300 cash offerings from other banks

Edit: if you can get the infinite Avion with the 30k points and first year free (FYF) then this is worth it.
30k can be worth up to $700 for 2 short flights or you can redeem for merchandise or swap the points to another program

Edit2: seems like you can combine this offer with the free infinite Avion, so yes this is worth it now.
Last edited by BoredAtWork on May 26th, 2018 10:26 am, edited 2 times in total.
Sr. Member
Jan 23, 2017
746 posts
563 upvotes
Calgary
What's with all the acronyms.. Not you OP, I recognize you got them from the ad.

That's really annoying to read/decipher.

OLB = Online Banking, I assume for example.
PBA = Personal Bank Account

Probably because it's an internal memo.
Sr. Member
Apr 4, 2017
535 posts
72 upvotes
Toronto
Is there monthly fee to have account open? Voided?
Do I need to sign up credit card?

What about scotia bank offer? $300 for just opening checking account.
Member
Apr 9, 2009
410 posts
344 upvotes
Calgary
When do you get the iPad? Right away or after you finish the term?
Sr. Member
User avatar
Jul 20, 2016
624 posts
259 upvotes
Toronto
I kinda feel bad for the other thread's OP, but I guess that's the difference a good thread makes over a bad one. Same deal, but way better presented...

now I kinda want an iPad, what would be the monthly costs on that? Is it worthy to open just for it? I don't really need a new bank
huuuu! (¬'-')¬ C-('-'Q) straight!

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