RBC is handing out free Apple devices to Canadians again as part of its annual promo—but you’ll need to bring serious money to the table.
The offer is open until November 3, 2025, and it’s aimed at new RBC clients aged 18 or older. Step one: open a new personal bank account and set up features like direct deposit or bill payments within 90 days. Do that, and you’ll qualify for a free 11-inch iPad (128GB), valued around $499.
But if you’re ready to go bigger—like $50,000 bigger—the rewards scale up fast. Move at least $50K into eligible RBC investment accounts (like a TFSA, RRSP, or non-registered account), and you can choose between a 13-inch M4 MacBook Air (256GB) or an 11-inch iPad Pro (256GB). Both are worth around $1,399.
To qualify, you’ll need to:
There are some strings attached. RBC Direct Investing is now free of fees regardless of balance, but InvestEase charges 0.5% annually, and advisor-sold mutual funds may come with 1.5%–2.5% embedded fees.
The deal is limited to one reward per person, must be shipped to a Canadian address, and doesn’t apply to current RBC clients or anyone who’s banked with them in the past five years.
Crunch the numbers, and a free MacBook Air worth $1,399 on a $50,000 investment works out to a 2.8% bonus—as long as you’re fine parking your money with RBC for 12 months.
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Why not the option for Windows or Chromebook devices also ..??
I think the answer is obvious.
Agreed, they are a bank .. they give little to 0 shits ..
Hidden fees and interest more likely. How can a bank absorb X amount of $1399 devices.
Because many people won't close the account after 1 year. The hidden fees are the investment fees, but they're not hidden. First of all, 0.5% of $50,000 is $250 you have to pay to use Investease tools…. and a LOT of people just rely on their investment advisors… and there are built-in fees with their advisors.
This MAY be a decent deal for someone who self-invests and doesn't mind parking $50k with RBC for a year.
not worth it at all – easier ways to make the price of ipad minus fees minus monthly subscription fees
https://schoolyourself.org/