RBC Direct Investing® Trade Free for a Year Offer — Terms and Conditions
The “Trade Free for a Year” offer (the “Offer”) is subject to the following terms and conditions:
If you qualify, the Offer begins and ends on the dates set out in the confirmation email you will receive from RBC Direct Investing (the “Offer Period”);
By opening a new RBC Direct Investing account from August 1, 2019 to August 30, 2019 (the “Eligible Account”) and depositing a minimum balance of $5,000 in the form of cash and/or securities (“Transferred Assets”) by October 31, 2019 into the Eligible Account, subject to Section 5 below, you will receive a rebate of trade commission fees (“Qualifying Commissions”) for up to 25 trades of exchange-listed securities (which includes only equities and ETF products) that you enter online or via the RBC mobile application only during the Offer Period (the “Qualifying Trades”) as set out in the confirmation email you will receive from RBC Direct Investing. The offer applies to trades placed via the RBC Direct Investing online investing site and the RBC® Mobile app;
Rebates of Qualifying Commissions charged to your Eligible Account during the Offer Period will be deposited into your Eligible Account within 3 to 5 days of your Qualifying Trade;
By transferring net new assets in the form of cash and/or securities (the "Transferred Assets") into an RBC Direct Investing account (the "Eligible Account") you will, subject to these terms and conditions, receive a rebate of commission fees in exchange-listed securities (which includes only equities and ETF products) that you enter online or via the RBC Mobile app during the Offer Period (the “Free Trades”) as set out in the notification email you will receive from RBC Direct Investing;
In order to qualify as a Qualifying Trade, the Transferred Assets must not originate from an investment account that is held at RBC Direct Investing;
In the event that you cease to qualify for the Offer during the Offer Period, 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;
The Offer is only applicable to a maximum of one (1) Eligible Account for each client. In the event that a client opens multiple Eligible Accounts, the Offer will only be applied to the first Eligible Account approved by RBC Direct Investing;
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 Eligible Account(s);
The Offer is non-transferable, will not be valid in conjunction with any other offer or promotion including any offers that you may have already qualified for. The Offer may not be applied against any account other than the respective Eligible Account;
Securities that are not listed on a marketplace recognized by RBC Direct Investing, in its sole and absolute discretion, will not qualify as Transferred Assets and will not be taken into consideration when determining whether the conditions of the Offer are met;
The rebates of Qualifying Commissions for Qualifying Trades will be paid in the currency in which you settle the trade– up to a maximum of $9.95 (in the applicable currency) per trade.
You will be solely responsible for any tax consequences associated with the Offer and/or the transfer of any assets into Eligible Accounts;
Terms and conditions applicable to the Offer are subject to change without notice at the sole and absolute discretion of RBC Direct Investing;
You may opt out of the Offer at any time by notifying RBC Direct Investing at 1-800-769-2560;
RBC Direct Investing reserves the right, in its sole and absolute discretion, to 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;
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.
Only Canadian residents over the age of majority are eligible for this Offer.
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. RBC Direct Investing is a business name used by RBC Direct Investing Inc.
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