Terms and Conditions

This offer is only available to you and is not transferable. To be eligible for the 2% cash back RBC InvestEase offer (the “Cash Back Offer”), the following terms and conditions apply:

The Cash Back Offer is open to the first 500 clients who open an Eligible Account (defined below) starting on July 21, 2020 and ending on August 31, 2020 (the “Promotional Period”), transfer in a minimum of $1,000 into the account by September 15, 2020, and hold the deposit until December 15, 2020, as determined by RBC InvestEase in its sole discretion.
The Cash Back Offer is available only to new RBC InvestEase clients who have never held an account with RBC InvestEase prior to the Promotional Period.
You must be living in Canada and have reached the age of majority in your province or territory of residence.
You must open an Eligible Account during the Promotional Period. An “Eligible Account” is a new account approved and managed by RBC InvestEase that will hold Qualifying Assets (defined below) for the entire Qualifying Period.
“Qualifying Assets” refer to a minimum of $1,000 to be transferred from a non-RBC financial institution to account(s) managed by RBC InvestEase including RRSP, TFSA and non-registered investment accounts.
Qualifying Assets must not originate from an account held at an RBC affiliate including but not limited to Royal Bank of Canada, RBC Direct Investing Inc., RBC InvestEase Inc., RBC Dominion Securities Inc., RBC Global Asset Management Inc., Phillips, Hager & North Investment Funds Ltd. and RBC Phillips, Hager & North Investment Counsel Inc.
The “Qualifying Period” refers to the period from the date of the initial deposit with RBC InvestEase, which must be made on or before September 15, 2020, to December 15, 2020.
If you withdraw the Qualifying Assets or transfer them to an account outside of RBC InvestEase at any time during the Qualifying Period, no cash back will be awarded.
The 2% cash back is capped at $500.

Please allow up to six to eight weeks after December 15, 2020 for any cash back to be deposited into your account. To receive the cash back, your account managed by RBC InvestEase must remain open at the time that the cash back is being deposited. The cash back will only be paid once. Where a client opens multiple accounts, only the first account opened with RBC InvestEase will be eligible to receive the cash back. If the first account opened does not meet the criteria to be an Eligible Account but subsequent accounts opened by the client do, the cash back will not be awarded.

Examples of 2% Cash Back calculation

$5,000 initial deposit transferred-in on August 1, 2020 and held until December 15, 2020. Full $5,000 meets the criteria of the Cash Back Offer.	$100 cash back
$25,000 initial deposit transferred-in on August 1, 2020 and held until December 15, 2020. Full $25,000 meets the criteria of the Cash Back Offer.	$500 cash back
$30,000 initial deposit transferred-in on August 1, 2020 and held until December 15 2020. Only $25,000 meets the criteria of the Cash Back Offer as cash back is capped at $500.	$500 cash back
$5,000 initial deposit transferred-in on August 1, 2020, $4,500 withdrawn on August 15, 2020, and $500 held until December 15, 2020. $500 does not meet the criteria of the Cash Back Offer as a minimum of $1,000 must be held for the Qualifying Period.	$0 cash back
$5,000 initial deposit transferred-in on August 1, 2020, $4,000 withdrawn on September 15, 2020, and $1,000 held until December 15, 2020. Only $1,000 meets the criteria of the Cash Back Offer.	$20 cash back
$10,000 initial deposit transferred-in on August 1, 2020, second transfer of $5,000 into the same account on September 15, 2020, and both deposits held until December 15, 2020. Both deposits (totaling $15,000) meet the criteria of the Cash Back Offer.	$300 cash back
$3,000 initial deposit transferred-in on August 1, 2020, second transfer of $2,000 into the same account on October 1, 2020 and both deposits held until December 15, 2020. Only the first deposit of $3,000 meets the criteria of the Cash Back Offer because the second deposit was not held for the entire Qualifying Period.	$60 cash back
$5,000 initial deposit transferred into the first account on August 1, 2020 and held until December 15, 2020. A second account is opened on August 15, 2020 with a $3,000 initial deposit that is held until December 15, 2020. Only the first account meets the criteria of the Cash Back Offer because where multiple accounts are opened, only the first account opened is eligible for the Cash Back Offer.	$100 cash back
$100,000 initial deposit transferred-in on August 1, 2020 and $99,000 withdrawn on December 14, 2020. Only $1,000 meets the criteria of the Cash Back Offer.	$20 cash back

RBC InvestEase will cover your transfer fees. Clients must provide proof of transfer fee payment to RBC InvestEase within six months of the transfer to be eligible for reimbursement. Please contact an RBC InvestEase representative for more details at 1 800 769-2531.
The Cash Back Offer may be combined with the Fee Waiver Offer, but cannot be combined with any other offers.

Accounts opened during the Promotional Period will not be charged the regular 0.5% management fee by RBC InvestEase for 24 months from the date of opening an Eligible Account (the “24-Month Fee Waiver Offer”). The 24-Month Fee Waiver Offer may be combined with the Cash Back Offer, but cannot be combined with any other offers. RBC InvestEase will notify clients 60 days in advance of any changes to the fees associated with their account. A weighted average management expense ratio between 0.11-0.30% will still apply to the ETFs held in our portfolios.

RBC InvestEase reserves the right to amend or withdraw these offers at any time without notice.