Some used to do that for as little as $1000 or $2000, I looked around and didn't see that mentioned. It's possible that I missed it.
- SCORE-6
- CheapWinnipeger
- Sr. Member
- Mar 20, 2013
- 750 posts
- 935 upvotes
- Winnipeg
- iVel004
- Member
- Sep 13, 2019
- 270 posts
- 423 upvotes
- Quebec
Actually you're right. I assumed that RBC will do like TD, BMO and Scotia, but I forgot they use a multiproduct rebates program and the lowest you can go is $9.95 if you have a mortgage with them.CheapWinnipeger wrote: ↑ Some used to do that for as little as $1000 or $2000, I looked around and didn't see that mentioned. It's possible that I missed it.
- setlist
- Sr. Member
- Aug 30, 2015
- 712 posts
- 1108 upvotes
- BC
So coincidentally on my to-do list is to open an RBC bank account - I have a mortgage with them but no account; and having one allows me to modify my payment amounts, do lump sums and adjust frequency online. I do not intend for it to be my main bank account - just a special purpose one for the mortgage, so I was just going to do the simple "Day to day Saving" account since there's no monthly fee.
This deal is nudging me towards going with RBC Signature + a RBC credit card + an active investment account + I already have a mortgage. Through the multiproduct rebate program (http://www.rbcroyalbank.com/products/de ... ebate.html) my monthly would be $9.95 instead of $15.95. So the "net benefit" would the $240 the OP mentioned plus an extra $72. (assuming 12 months with the premium account).
So the big question is - how long do we actually have to maintain this premium account? 12 months is fine with me , but it seems it's just an assumption - not the actual terms. If it's 2 years the value of it is mostly gone.
This deal is nudging me towards going with RBC Signature + a RBC credit card + an active investment account + I already have a mortgage. Through the multiproduct rebate program (http://www.rbcroyalbank.com/products/de ... ebate.html) my monthly would be $9.95 instead of $15.95. So the "net benefit" would the $240 the OP mentioned plus an extra $72. (assuming 12 months with the premium account).
So the big question is - how long do we actually have to maintain this premium account? 12 months is fine with me , but it seems it's just an assumption - not the actual terms. If it's 2 years the value of it is mostly gone.
- EliGold [OP]
- Newbie
- Mar 6, 2019
- 29 posts
- 77 upvotes
- Vancouver
Updated the original post. As other have pointed out, would be best to open the account in Dec 2020 and close it by Jan 2022. 13 monthly fee deductions in total just to be on the safe side. This would ensure the welcome bonus isn't clawbacksetlist wrote: ↑ So coincidentally on my to-do list is to open an RBC bank account - I have a mortgage with them but no account; and having one allows me to modify my payment amounts, do lump sums and adjust frequency online. I do not intend for it to be my main bank account - just a special purpose one for the mortgage, so I was just going to do the simple "Day to day Saving" account since there's no monthly fee.
This deal is nudging me towards going with RBC Signature + a RBC credit card + an active investment account + I already have a mortgage. Through the multiproduct rebate program (http://www.rbcroyalbank.com/products/de ... ebate.html) my monthly would be $9.95 instead of $15.95. So the "net benefit" would the $240 the OP mentioned plus an extra $72. (assuming 12 months with the premium account).
So the big question is - how long do we actually have to maintain this premium account? 12 months is fine with me , but it seems it's just an assumption - not the actual terms. If it's 2 years the value of it is mostly gone.
Bro this isn't best buy :p Pretty sure 32 GB is the only model eligible for this promo.
- EliGold [OP]
- Newbie
- Mar 6, 2019
- 29 posts
- 77 upvotes
- Vancouver
What do you mean by high interest rates? Whenever I hear this, I think of high interest savings accounts. Please let me know if you meant something else.
The highest rate I currently see on Ratehub is 1.7% for EQ Bank. I don't really venture outside the top 5 banks and their interest rates for savings accounts are pretty far behind.$5000 parked in a chequing account to waive off the annual fee on credit cards is better value than earning $85 on the same amount imo.
- iVel004
- Member
- Sep 13, 2019
- 270 posts
- 423 upvotes
- Quebec
My bad I wasn't clear, but yes I meant high interest saving account when EQ bank used to give more.EliGold wrote: ↑ What do you mean by high interest rates? Whenever I hear this, I think of high interest savings accounts. Please let me know if you meant something else.
The highest rate I currently see on Ratehub is 1.7% for EQ Bank. I don't really venture outside the top 5 banks and their interest rates for savings accounts are pretty far behind.$5000 parked in a chequing account to waive off the annual fee on credit cards is better value than earning $85 on the same amount imo.
- Trout27
- Newbie
- Jul 4, 2020
- 10 posts
- 10 upvotes
- DrDoomsday
- Deal Addict
- Aug 7, 2019
- 1059 posts
- 354 upvotes
Is there a minimum balance to avoid the monthly fee (like TD)
- dealHunter9669
- Jr. Member
- Nov 9, 2017
- 154 posts
- 52 upvotes
- Edmonton
If you received the Reward and then downgraded, changed or closed your Eligible Personal Banking Account or undid any of the Qualifying Criteria you performed to get the Reward, such as cancelled any payroll/pension deposit, pre-authorized payment, at any time before December 31, 2021, we reserve the right to debit your Eligible Personal Banking Account or any of your accounts with RBC for the value of the Reward you selected as described in the table below, plus applicable taxes, even if this places you into overdraft
That above is a scary part. If, for some reason,during the 12-month period, a preauthorized payment or payroll deposit is missed, you'll be on the hook for the cost of the iPad plus taxes. Plus the iPad itself is only 32GB. Not worth $429 plus taxes.
That above is a scary part. If, for some reason,during the 12-month period, a preauthorized payment or payroll deposit is missed, you'll be on the hook for the cost of the iPad plus taxes. Plus the iPad itself is only 32GB. Not worth $429 plus taxes.
Koodo, Public Mobile, Telus, Tangerine Bank, HSBC, Mylo,
Drop, WealthSimple, Swagbucks, AwardWallet,
Drop, WealthSimple, Swagbucks, AwardWallet,
- jessicacha
- Deal Addict
- Nov 15, 2006
- 1955 posts
- 706 upvotes
YMMV but I got this like 2-3yrs ago and I paid much less monthly fees with the multi product rebate (I also have a mortgage with them, I believe sr rebates work as well) and also I was able to downgrade the account to a "free" one (after multiprod rebate) when they upped the price of the monthly account fee.
I went into a branch specifically and told them that I did not agree to paying a higher monthly fee during my 12 mths term and that I wanted to either get the difference credited or downgrade and the bank person downgraded the account for me and I didn't get any money clawed back for the ipad. I think I had spent like 60$ on the ipad overall at the time.
I went into a branch specifically and told them that I did not agree to paying a higher monthly fee during my 12 mths term and that I wanted to either get the difference credited or downgrade and the bank person downgraded the account for me and I didn't get any money clawed back for the ipad. I think I had spent like 60$ on the ipad overall at the time.
- mikka2017
- Deal Expert
-
- Jan 12, 2017
- 18900 posts
- 5497 upvotes
- Scarberia
If Ur a senior I think u get 5$off per month discount.. I did this offer 2 yrs ago I think for the 6th Gen iPad Wi-Fi
*SIG: Ryzen R5 2600 cpu w/ ASrock B450M OCd to [email protected] stock cooler 16gb ram win10 pro w/radeon rx460 rogers Gigabit<< xb1 gamertag: mikka2017 >>
- ottawa_guy
- Sr. Member
- Aug 22, 2009
- 581 posts
- 518 upvotes
- Ottawa
Thanks for the reminder!
My obligation is over. Time to cancel
.
Partner is with DND so I can get free banking with BMO
RBC was one of my least favourite banks to bank with. Let’s see how BMO is.
My obligation is over. Time to cancel
. Partner is with DND so I can get free banking with BMO
RBC was one of my least favourite banks to bank with. Let’s see how BMO is.
- theflyingsquirrel
- Deal Fanatic
-
- Jun 6, 2010
- 8546 posts
- 4435 upvotes
- Toronto, Ontario
4 more years before I can get the ipad again. 
If I buy something that is not in deep discounted, my father will punish me; everyone will laugh at me. I will be the strange kid who doesn't fit in.
Guide to get free movie BOGO code from Virgin Mobile
How to setup PAP in Tangerine
Guide to get free movie BOGO code from Virgin Mobile
How to setup PAP in Tangerine
- spena
- Deal Fanatic
-
- Dec 23, 2008
- 5897 posts
- 1592 upvotes
- Milton
Is the WestJet RBC World Elite Mastercard good cc to churn with the ipad offer?
- Jit0103
- Jr. Member
- Oct 12, 2018
- 114 posts
- 70 upvotes
Anybody knows if Ubereats/Dorrdash/Skip payments counted towards payroll in 2020 promo?
RFD is kind of hole in the wallet, which I don't wanna block 
- pongster
- Deal Addict
- Mar 16, 2008
- 3527 posts
- 3524 upvotes
- FrankCh
- Jr. Member
- Nov 6, 2017
- 139 posts
- 51 upvotes
- Vancouver
Not a good deal for me.
Monthly fee can not be waived. Other banks offer $300 cash back promotion.
Monthly fee can not be waived. Other banks offer $300 cash back promotion.
- pkphilip
- Deal Addict
-
- Jan 23, 2004
- 3126 posts
- 2636 upvotes
- GVRD
32GB in reality is not a lot of space for today's usage unless you are just browsing the web; any productivity and entertainment needs will take up most of the space.
- Ryes
- Sr. Member
- Oct 25, 2010
- 837 posts
- 404 upvotes
I wonder how long it will take for them to get a new iPad in your hands
- EZSAVE
- Deal Addict
- Nov 26, 2014
- 1015 posts
- 664 upvotes
- Toronto, ON
Do we need to keep pre auth-ing until 2021 Dec?
Anyone tried tangerine pull count as one PAP?
Anyone tried tangerine pull count as one PAP?