Investing

RBC Direct Investing - Get up to $2,000 and 10 free trades

  • Last Updated:
  • Feb 17th, 2021 11:11 am
[OP]
Member
Jan 27, 2017
244 posts
151 upvotes

RBC Direct Investing - Get up to $2,000 and 10 free trades

https://www.rbcdirectinvesting.com/dms/cashback/

Transfer a minimum of $5,000 and get up to $2,000 plus 10 free trades.

$5,000-$24,999 gets you the minimum $50 but still 10 free trades
$25,000-$49,999 gets you the $100 and 10 free trades
$50,000-$99,999 gets you the $200 and 10 free trades
$100,000-$249,999 gets you the $300 and 10 free trades
$250,000-$499,999 gets you the $500 and 10 free trades
$500,000-$999,999 gets you the $1,000 and 10 free trades
$1,000,000 or more gets you the $2,000 and the 10 free trades

Initiate transfer by March 31, 2021
Transfer all money by May 31, 2021
Do the 10 trades by August 31, 2021

Looks quite simple. And you can get up to $200 towards the transfer fees too!
7 replies
Deal Addict
Sep 4, 2006
1223 posts
960 upvotes
Ottawa
Thanks, I was just about to move some cash to them.
Deal Addict
Aug 12, 2010
1239 posts
1281 upvotes
Wait a transfer or a deposit?
Zoomer: 1 account for family and planning to leave for good in 2023
Koodo too: for a phone and locked to 24 months but was a good deal.
Member
Dec 27, 2017
237 posts
213 upvotes
Odd the rate of return for each level decreases as the deposits increase...

$50 is 1% of $5000. But $100 is 0.4% of $25000. Etc.
Member
Sep 25, 2009
475 posts
387 upvotes
geoffs wrote: Wait a transfer or a deposit?
Seems like deposits are included. Would call to confirm.

"6) Fund transfers to your RBC Direct Investing account from an RBC Royal Bank account will be processed in real-time for cash investment, margin, RRSP and TFSA accounts between the hours of 4:30 am and 7:54 pm. Transfers completed outside of those hours will be processed on the next business day. Some conditions apply."
Deal Addict
Sep 4, 2006
1223 posts
960 upvotes
Ottawa
Signed up yesterday, website said that there is high volume, haven't had a confirmation email yet.
Deal Addict
Sep 4, 2006
1223 posts
960 upvotes
Ottawa
Got it sorted out yesterday, did two buys this morning.

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