RBC Direct Investing Summer-Fall 2026 Cash Offer
The 'Summer-Fall 2026 Cash Offer' Offer (the "Offer") is subject to the following terms and conditions:
To participate in the Offer, you must:
- be a new RBC Direct Investing client. A new client is a client that has not held an RBC Direct Investing (except GoSmart) account in the two-year period before the start of the Offer Period (defined below).
- open one or more Eligible Account(s) (defined below) using a promotional link; and
- be a Canadian resident and at least the age of majority in your province/territory at the time of opening the Eligible Account(s).
You could receive a cash payment of up to 3% of your Net Transferred Assets (as defined below) in registered accounts) and/or a cash payment of up to 1% of your Net Transferred Assets in non-registered (cash or margin) accounts up to a maximum of C$15,000 across all Eligible Accounts (collectively, the "Cash Reward") if you satisfy the following three qualifying requirements under the Offer:
1. Open one or more Eligible Account(s) during the Offer Period
- Open one or more new Eligible Account(s) using a promotional link between July 31, 2026 and November 2, 2026, inclusive (the "Offer Period").
- "Eligible Account(s)" means the following RBC Direct Investing accounts:
- Cash (Individual or Joint)
- Margin (Individual or Joint)
- Tax-Free Savings Account (TFSA)
- Registered Retirement Savings Plan (RRSP)
- First Home Savings Account (FHSA)
- Locked-in Retirement Account (LIRA)
- Registered Education Savings Plans (RESPs)
- Retirement Income Funds (RIFs)
- Spousal Registered Retirement Savings Plan (Spousal RRSPs)
- Group Retirement Savings Plans (Group RSPs)
- Life Income Funds (LIFs)
For joint account(s), the primary account holder at the time of the application must not have held an RBC Direct Investing account (except GoSmart) before the first day of the Offer Period. GoSmart and Collateral Pledge (single/joint/3rd Party) accounts are not eligible for the offer.
2. Transfer Assets to Your Eligible Account(s)
Transfer or deposit a minimum of C$ 2,500 (Two Thousand and Five Hundred Canadian Dollars), or the equivalent thereof, in cash and/or securities ("Transferred Assets") into your new Eligible Account(s) by November 30, 2026 (the "Funding Deadline").
- Transfers originating from a financial institution that is affiliated with RBC, except from RBC personal banking accounts, will not qualify under the Offer. Affiliate financial institutions that are excluded from this Offer are: Royal Mutual Funds Inc., RBC Direct Investing Inc., RBC InvestEase Inc., RBC Dominion Securities Inc., RBC Dominion Securities Global Inc., Philips, Hager & North Investment Funds Ltd., Philips, Hager & North Investment Services, RBC Philips, Hager & North Investment Counsel Inc, Royal Trust Corporation and the Royal Trust Company.
- The value of Transferred Assets and any withdrawals will be determined in Canadian dollars based on the end of day valuation on the transfer date by RBC Direct Investing in its sole discretion. Foreign currencies will be converted at RBC Direct Investing prescribed rates in effect at transfer date.
- Transfers or deposits received into your Eligible Account(s) after the Funding Deadline will not qualify under the Offer.
Options and securities not listed on a Canadian or U.S marketplace recognized by RBC Direct Investing do not qualify as Transferred Assets under the Offer.
3. Maintain Your Net Transferred Assets
- Your Net Transferred Assets are the Transferred Assets received into your Eligible Account(s) on or before the Funding Deadline, less any withdrawals, de-registrations, or transfers-out between July 31, 2026 and November 30, 2028 ("Net Transferred Assets").
- If you withdraw, deregister, or transfer out assets from your Eligible Account(s), such amounts will be subtracted from the amount of your Transferred Assets in order to determine your Net Transferred Assets.
- Any assets that are deposited or transferred into your Eligible Account(s) after the Funding Deadline do not form part of the Transferred Assets and the value of those assets may be withdrawn without affecting the calculation of your Net Transferred Assets.
- If your Net Transferred Assets drop below the minimum C$2,500 between November 30, 2026 and November 30, 2028, you will no longer be eligible to participate in the Offer and will not be entitled to receive any further payments in respect of the Cash Reward.
- The calculation of your Net Transferred Assets will be based on the market value of the assets as of the transfer date and determined in Canadian Dollars. Market fluctuations will not impact the calculation of your Net Transferred Assets.
Receiving the Cash Reward
If you satisfy all three qualifying requirements listed above –
- Your Cash Reward will be equal to (i) 3% of the Net Transferred Assets in your registered account(s) and (ii) 1% of the Net Transferred Assets in your non-registered account(s), but no greater than C$15,000. The Cash Reward will be paid in Canadian dollars in two installments, the first of which will be paid by December 31, 2027 (the "First Payout Date"). This portion of the Cash Reward will be 50% of the Cash Reward you are eligible for based on the balance of the Net Transferred Assets in your Eligible Account(s) on November 30, 2027. The payment of the remaining 50% Cash Reward you are eligible for will be made by December 31, 2028 (the "Second Payout Date") based on the balance of the Net Transferred Assets in your Eligible Account(s) on November 30, 2028, provided all Offer conditions continue to be met until November 30, 2028. This portion of the Cash Reward will be calculated based on the Net Transferred Assets maintained in the Eligible Account(s) until November 30, 2028, minus the amount received on the First Payout Date. Any withdrawals that occur between November 30, 2027 and November 30, 2028 will be subtracted from the Net Transferred Assets used to calculate the amount for the Second Payout Date.
- Where your Transferred Assets are deposited or transferred to a single Eligible Account, the Cash Reward will be deposited into that account. Where you open multiple Eligible Accounts, the Net Transferred Assets will be calculated by combining the value of the Net Transferred Assets in all your Eligible Accounts. The Cash Reward will be divided and deposited to each Eligible Account in proportion to the value of the Net Transferred Assets in each Eligible Account.
- The maximum Cash Reward payable to a client under the Offer is C$15,000 (Fifteen Thousand Canadian Dollars).
- Only one Cash Reward will be granted per client. Only one client per account with multiple account holders (e.g., joint account holders) may participate in this Offer.
Examples:
| Account Type(s) | Account A Funding | Account B Funding | Total Funding | Account A Cash back | Account B Cash back | Final Cash back |
|---|---|---|---|---|---|---|
| 1 Registered | C$2,200 | - | C$2,200 | Ineligible | - | C$0 |
| 1 Registered | C$10,000 | - | C$10,000 | C$10,000 x 3% = C$300 | - | C$300 |
| 1 Non-Registered | C$15,000 | - | C$15,000 | C$15,000 x 1% = C$150 | - | C$150 |
| 2 Registered | C$10,000 | C$47,000 | C$57,000 | C$10,000 x 3% = C$300 | C$47,000 x 3% = C$1,410 | C$1,710 |
| 1 Registered + 1 Non-Reg | C$25,000 | C$25,000 | C$50,000 | C$25,000 x 3% = C$750 | C$25,000 x 1% = C$250 | C$1,000 |
| 2 Non-Registered | C$300,000 | C$450,000 | C$750,000 | C$300,000 x 1% = C$3,000 | C$450,000 x 1% = C$4,500 | C$7,500 |
| 1 Non-Registered | C$2,000,000 | - | C$2,000,000 | C$2,000,000 x 1% = C$20,000 | - | C$15,000* |
*Capped at $15,000
Other Terms that Apply to the Offer:
- To receive the full amount of the Cash Reward, you must keep your Eligible Account(s) open, funded and in good standing with RBC Direct Investing until the Second Payout Date. To remain in "Good standing" an Eligible Account may not go into a debit position or into a margin call and must be operated in accordance with the RBC Direct Investing Operation of Account Agreement.
- This Offer is non-transferable.
- In the event that you cease to qualify for the Offer, RBC Direct Investing reserves the right not to pay some or all of the Cash Reward.
- Terms and conditions applicable to the Offer are subject to change without notice at the sole and absolute discretion of RBC Direct Investing.
- 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.
- RBC Direct Investing general Pricing Terms and Conditions apply. 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 an Eligible Account. Visit Pricing or call 1-800-769-2560 for complete details.
- There may be tax implications associated with the payment of the Cash Reward into your Eligible Account(s). You will be solely responsible for any tax consequences associated with the Offer. For registered plans, the Cash Award is paid directly to the plan and should not be considered a contribution, but please consult your personal tax advisor for more information.
- You are solely responsible for reviewing your personal contribution room available in registered plan accounts you hold before effecting any transfer or contribution into the Eligible Account(s) or into any RBC Direct Investing account(s). You are solely responsible for any excess contribution penalty or other tax consequence that may arise from the transfer or contribution of any assets into the Eligible Account(s) or into any RBC Direct Investing account(s). Please consult your personal tax advisor for advice.
- The payment of a Cash Reward into an account with multiple accountholders is considered to be payment in full of sums owed under this offer, and payment of any Cash Reward will not be allocated to individual account holders. RBC Direct Investing is not responsible for the distribution of any payment amongst joint account holders once the amount is paid.
- The Offer may be combined with the GoSmart $100 offer.
- 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 Canadian Investment Regulatory Organization 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. ® / ™ Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada. Used under license. © Royal Bank of Canada 2026.