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RBC Direct Investing® ‘Start Trading Commission-Free’ — Terms and Conditions of 2-year offer

The ‘Start Trading Commission-Free’ 2 years’ offer (the “Offer”) is available only to Canadian residents over the age of majority, subject to the following terms and conditions:

  • Eligible Account(s)

    • Once any Eligible Account is opened with an Offer Code during the Offer Period, the Offer will apply to all accounts (including any account opened without an Offer Code and/or after completion of the Offer Period) in which a Qualifying Trade (as defined in Section 3) is placed before expiry of the two-year period of the Offer.

  • Commission-Free Trades

    • You will receive a rebate of trade commission fees (“Qualifying Commissions”) of up to 100 trades of exchange-listed securities (which includes trades in equities and ETF products and excludes trades in options) placed in your Eligible Account(s) via the RBC Direct Investing online investing site, Trading Dashboard, or the RBC Mobile1 app (“Qualifying Trades”). The rebates of Qualifying Commissions will be available for you to use for up to two years as set out in the confirmation email you will receive from RBC Direct Investing (the “Commission-Free Trade Period”). Any unused trades will expire if not used within the two year period;
    • Qualifying Commissions will be charged to your Eligible Account(s) when you place a Qualifying Trade. Rebates of your Qualifying Commissions will be deposited into the account in which the Qualifying Trade was placed within 3-5 business days after the Qualifying Trade is filled. Qualifying Commissions will be charged in the underlying currency of the security, and rebated in the currency in which the trade settles. For Qualifying Trades involving a foreign exchange, the Qualifying Commission rebate will be calculated using the average daily closing foreign exchange value in effect on the day the Qualifying Trade was filled.
    • For registered plans, rebates are not considered contributions and do not impact your contribution limits;
    • In the event that you cease to qualify for the Offer at any time, RBC Direct Investing reserves the right to require you to repay any rebates previously received in connection with the Offer in which case you agree that such repayments may be applied against the respective Eligible Account(s);

  • Other Terms

    • The Offer is non-transferable, and cannot be combined with any other RBC Direct Investing offer or promotion;
    • RBC Direct Investing reserves the right, in its sole and absolute discretion, to amend or withdraw the Offer or to disqualify, limit or revoke the Offer in respect of any RBC Direct Investing client who it determines or believes is abusing or manipulating the Offer;
    • You will be solely responsible for the payment of any applicable fees, penalties, charges or other amounts associated with or connected to the Offer or with the transfer of any assets to your Eligible Account;
    • You will be solely responsible for any tax consequences associated with the Offer, including any consequences resulting from the Canada Revenue Agency assessing an Eligible Account that is a registered plan for carrying on a business, and/or the transfer of any assets into the Eligible Account;
    • You may opt out of the Offer at any time by notifying RBC Direct Investing at 1-800-769-2560;

Additional terms and conditions may apply to opening an account with RBC Direct Investing and the transfer-in and operation of accounts at RBC Direct Investing, including without limitation, the requirements set forth in RBC Direct Investing’s Operation of Account Agreement.

RBC Direct Investing Inc. and Royal Bank of Canada are separate corporate entities which are affiliated. RBC Direct Investing Inc. is a wholly owned subsidiary of Royal Bank of Canada and is a Member of the Investment Industry Regulatory Organization of Canada and the Canadian Investor Protection Fund. Royal Bank of Canada and certain of its issuers are related to RBC Direct Investing Inc. RBC Direct Investing Inc. does not provide investment advice or recommendations regarding the purchase or sale of any securities. Investors are responsible for their own investment decisions.

1RBC Mobile is operated by Royal Bank of Canada, RBC Direct Investing Inc. and RBC Dominion Securities Inc.

RBC Direct Investing is a business name used by RBC Direct Investing Inc. ® / ™ Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada. Used under licence. © Royal Bank of Canada 2022. All rights reserved.