Expired Hot Deals

[Royal Bank] RBC IPad offer is back - 2019 (Royal Bank)

  • Last Updated:
  • Sep 5th, 2019 4:24 pm
[OP]
Newbie
Oct 12, 2018
42 posts
43 upvotes

[Royal Bank] RBC IPad offer is back - 2019 (Royal Bank)

Was listening radio and heard about this offer.

RBC is offering Free IPad (32GB) - 2018 model worth $429.00, when you open new personal account with them.
You can choose one of the given 3 models when you meet 2 out of 3 conditions just like previous year
(Colors: Space Gray / Silver / Gold)

Eligible Account options:
1) RBC Signature No Limit Banking® (monthly fee of $15.95)
2) RBC VIP Banking® (monthly fee of $30)

Promotion Period:
Start : May 21, 2019
End: Sep 3, 2019

Highlights of account terms:
* Your account must remain open with them until September 30, 2020
* You must enroll "Online Banking service" after opening account.
* 2 out of 3 condition must meet to become eligible for IPad (Note: These condition must fulfilled every month until 30 Sep, 2020 or they will charge you)
* Offer not applicable if you are existing customer of RBC
* Offer not applicable if you received any offer on "Personal account" 5 year period before this promotional start date.
(If you receive IPad or any other cashback offer from previous year do not apply, instead you can apply for your family members account to receive IPad)

Conditions to meet for qualifying for IPad by November 29 2019 :
1) Direct deposit (Payroll, Pension etc..)
2) Two Pre authorized payments to service providers (Utilities bills like phone, gym, hydro, internet etc..)
3) Two Pre authorized payments to service providers (Utilities bills like phone, gym, hydro, internet etc..) from Online/Mobile banking

For more details you can read this fine print from RBC:
Offer Terms
Last edited by RFDSimon on May 22nd, 2019 10:28 am, edited 1 time in total.
Reason: Added link
64 replies
Newbie
Feb 1, 2019
25 posts
55 upvotes
How good is this deal? From reading it once, it doesn't sound like a good deal at all!
Sr. Member
User avatar
Nov 13, 2013
868 posts
1628 upvotes
Kingston, ON
any clues on how long one needed to keep account open with RBC from last year's iPad offer?
Jr. Member
User avatar
Oct 21, 2015
109 posts
423 upvotes
A113
Looked for the minimum valance required to waive monthly fee. Looks like there isn't an option to do that. Instead, they have this:

http://www.rbcroyalbank.com/products/de ... ebate.html

A rebate if you have a chequing account, a credit card (clearly defined requirements that it must be active), and $500 or pre-authorized deposits into a investment account.

If the account needs to be open the minimum time (Sept 3, 2019 is the last day of the promo. Account open until Sept 30, 2020), then $15.95 x 13 months = $207.35.

$429 - $207.35 = $221.65 savings on ipad. That will be 2 years old come Sept 2020.

Not worth the effort, for me anyways, given the restrictions. Unless I missed a monthly fee waiver with a balance somewhere.
Adventure is out there!
Newbie
Aug 21, 2018
22 posts
61 upvotes
PizzaPlanetTruck wrote:
May 21st, 2019 8:26 pm
Looked for the minimum valance required to waive monthly fee. Looks like there isn't an option to do that. Instead, they have this:

http://www.rbcroyalbank.com/products/de ... ebate.html

A rebate if you have a chequing account, a credit card (clearly defined requirements that it must be active), and $500 or pre-authorized deposits into a investment account.

If the account needs to be open the minimum time (Sept 3, 2019 is the last day of the promo. Account open until Sept 30, 2020), then $15.95 x 13 months = $207.35.

$429 - $207.35 = $221.65 savings on ipad. That will be 2 years old come Sept 2020.

Not worth the effort, for me anyways, given the restrictions. Unless I missed a monthly fee waiver with a balance somewhere.
Yes, but technically you shouldn't consider the device to be 2 years old when you receive it almost immediately. This promo's only good for those that are already planning on swapping banks.
Newbie
Apr 26, 2019
67 posts
88 upvotes
Yeah these deals are mediocre unless there is a balance threshold so you pay no fees. I won't pay fees to bank....so I'd basically be buying an ipad and a slight discount.
Member
Dec 22, 2017
226 posts
253 upvotes
I did the Ipad promo with RBC last year. For me, I was already looking at getting an Ipad anyways for my school program so it was a good deal. The Ipad 6th Gen is a great tablet for both school work and netflix.

If the same Ipad was for sale from staples for $200, every would jump in thinking it is the hottest deal.
[OP]
Newbie
Oct 12, 2018
42 posts
43 upvotes
burntorange00 wrote:
May 21st, 2019 8:21 pm
How good is this deal? From reading it once, it doesn't sound like a good deal at all!
If you open account in August with 15.95 monthly it cost 201$ for 13 month to keep it open...

You have to keep it open untill Sep 2020..
Sr. Member
User avatar
Nov 13, 2013
868 posts
1628 upvotes
Kingston, ON
GeneralAkbar wrote:
May 21st, 2019 8:40 pm
I did the Ipad promo with RBC last year. For me, I was already looking at getting an Ipad anyways for my school program so it was a good deal. The Ipad 6th Gen is a great tablet for both school work and netflix.

If the same Ipad was for sale from staples for $200, every would jump in thinking it is the hottest deal.
my brother got this deal last year too.....do you know the date which he can close his RBC account without getting penalized?
[OP]
Newbie
Oct 12, 2018
42 posts
43 upvotes
ips1177 wrote:
May 21st, 2019 8:24 pm
any clues on how long one needed to keep account open with RBC from last year's iPad offer?
Last years account needs to be open uptill Sep 2019. Suggest to close in oct if you dont want to keep it. Otherwise you ll keep getting charged monthly fees.
Last edited by Jit0103 on Jun 27th, 2019 11:42 am, edited 1 time in total.
[OP]
Newbie
Oct 12, 2018
42 posts
43 upvotes
ips1177 wrote:
May 21st, 2019 8:49 pm
my brother got this deal last year too.....do you know the date which he can close his RBC account without getting penalized?
Sep 2019, i suggest to close it in oct 2019 to be safe side, also confirm with rbc representative when closing
Deal Fanatic
User avatar
Jan 31, 2006
5515 posts
947 upvotes
Toronto
Your Eligible Personal Banking Account must remain open and in good standing, and the Qualifying Criteria you performed to get the Reward (such as payroll/pension deposit, pre-authorized payments) must remain in effect until September 30, 2020.

So assuming you open the account on September 2019 and completed the requirements on Nov 29, 2019. The account should be open more or less 12 months.

$15.95 x12 = $191.40 fees. By September 2020 will that ipad 2018 still worth $429 ? 2 months ago, during "the source pm staples" most get it as low as $300. So is getting a 2018 ipad, on 2020 worth the hassle of doing the requirements ? Is this a HOT DEAL? if so, how did you come up with the conclusion?
[OP]
Newbie
Oct 12, 2018
42 posts
43 upvotes
To get most out of this, its better to open in August and fulfil requirement in same month to make Ipad around 200$

If you open early you have to pay monthly charges untilm Sep 2020
Deal Guru
Sep 2, 2008
10938 posts
1056 upvotes
I got in on the deal last year. It doesn't seem hot because it sounds like a lot of work, but once you set up the automated transfers to satisfy the two PAD's, I haven't had to do anything at all. Money goes in and out and satisfies the requirements. Easy peasy for a good discount on the ipad.

Top