Royal Bank of Canada
RBC Group Advantage Deloitte Employee Offer
Terms & Conditions
When these Terms refer to “you” or “your”, they mean each owner of the applicable Royal Bank of Canada product(s) or service(s) described herein. When these Terms refer to “we”, “our”, “us” and “RBC”, they mean Royal Bank of Canada.
In addition to the terms set out below (‘’Terms’’), the “RBC Royal Bank Personal Deposit Accounts Disclosures and Agreements” booklet (the “PDA Disclosures”) contains the terms and conditions governing all our personal banking accounts, including the RBC Signature No Limit Banking account.
Additionally, the terms and conditions applicable to the offer as set out in Section 5 below are available at rbc.com/groupterms (‘’Group Terms’’).
All capitalized terms not defined herein shall have the corresponding meanings as defined in the PDA Disclosures or the Group Terms, as applicable.
The Terms, the PDA Disclosures and the Group Terms together shall constitute the Terms and Conditions applicable to this Offer (as defined below).
In order to be eligible for the offers as set out below (‘’Offer(s)’’) you must be a full-time employee in Canada of Deloitte LLP (‘’Eligible Client’’). Proof of full-time employment with Deloitte LLP may be required at the time of acceptance and fulfillment of these Offers and may also be requested by us thereafter from time to time.
Personal lending products and residential mortgages are offered by Royal Bank of Canada and are subject to its standard lending criteria.
1. RBC Signature No Limit Banking Monthly Fee Rebate Offer
As an Eligible Client, when you open an RBC Signature No Limit Banking account between January 1, 2022 and December 31, 2022 you will be eligible to have the Monthly Fee applicable to that account rebated each Month for the first 12 months (as further described below).
To qualify, you must be the Primary Account Owner of an RBC Signature No Limit Banking account and complete the following within 30 days of the date you open your RBC Signature No Limit Banking account:
- transfer your automated and recurring payroll deposit to your RBC Signature No Limit Banking account
Note: This offer will also be made available to any Eligible Client who already held an RBC Signature No Limit Banking account prior to becoming an Eligible Client, provided they also meet the additional qualifying criteria and other criteria for this offer as described herein, including but not limited to transferring (or having already transferred) their automated and recurring payroll deposit to their RBC Signature No Limit Banking account.
Clients who no longer meet the eligibility requirements or who no longer fulfill the qualifying criteria as described herein will, without further notice, be automatically charged the Monthly Fee applicable to the RBC Signature No Limit Banking account as disclosed in the PDA Disclosures provided at the time of account opening. (You may also view the most current version of the PDA Disclosures online at: https://www.rbcroyalbank.com/onlinebanking/servicech/pdf/PDA_Account_Disclosure_Booklet.pdf.).
Only one Monthly Fee rebate is available per Eligible Client, no matter how many RBC Signature No Limit Banking accounts are opened, whether in sole or joint ownership.
For each Month that you are eligible for and fulfill the qualifying criteria to receive the Monthly Fee rebate described herein, the Monthly Fee applicable to your RBC Signature No Limit Banking account will be charged to that account, as described in the PDA Disclosures, and then rebated – by way of a direct account credit – on the same Business Day that it is charged.
If you qualify for this offer by meeting the applicable eligibility and qualifying criteria described herein, in order to have the Monthly Fee rebate applied to your RBC Signature No Limit Banking account, you must contact us to book an appointment to meet with an RBC Advisor virtually (i.e., by telephone or video-conference) or in-person at an RBC Royal Bank branch to identify yourself as an Eligible Client and have the Monthly Fee rebate applied to your RBC Signature No Limit Banking account by the RBC Advisor. (The Monthly Fee rebate cannot be applied to your account unless and until you have done so.) Once you do so, the Monthly Fee rebate will be automatically applied to your account for each of the next 12 months.
2. Deloitte Bundle Offers
You may be eligible to qualify for the offers outlined in this section (section 2) if you are the Primary Account Owner of an RBC Banking account and your automated and recurring payroll deposit has been transferred to this account or you take steps to transfer your automated and recurring payroll deposit prior to qualifying for the offers outlined in this section. If you open a new RBC Banking account as the Primary Owner, you may also qualify for the offers outlined in this section if you transfer your automated and recurring payroll deposit within the first 30 days of the date you open your RBC Banking Account.
2.1 Deloitte Bundle Mortgage Offers
You may be eligible to qualify for the offers outlined in this section (section 2) if you are the Primary Account Owner of an RBC Personal Banking account and your automated and recurring payroll deposit has been transferred to this account or you take steps to transfer your automated and recurring payroll deposit prior to qualifying for the offers outlined in this section. If you open a new RBC Personal Banking account as the Primary Owner, you may also qualify for the offers outlined in this section if you transfer your automated and recurring payroll deposit within the first 30 days of the date you open your RBC Banking Account.
2.1.1 Deloitte Bundle Homeline Plan Rate
As an Eligible Client, you are eligible for an exclusive RBC Homeline Plan rate of RBC Prime + 0.4% on RBC Homeline Plans that are opened between January 1, 2022 and December 31, 2022. Rates are applicable only to the RBC Homeline Plan mortgage loan segment. “RBC Prime” means the annual rate of interest announced by Royal Bank of Canada from time to time as its reference rate then in effect for determining interest rates on Canadian dollar commercial loans made by the Bank in Canada. Royal Bank of Canada Prime Rate is 2.7% as April 7, 2022 and is subject to change at any time without notice. Our Prime Rate is posted in all of our branches and online at www.rbcroyalbank.com. This Offer may not be combined or used in conjunction with the other Homeline Plan Rates Offers. Special offers are special discounted rates and are not the posted rates of Royal Bank of Canada.
2.2 Deloitte Bundle Credit Card Offer
2.2.1 RBC Avion Visa Infinite Credit Card Annual Fee Rebate for One Year and Welcome Points
In order to take advantage of this offer, you must meet the eligibility criteria set out above and contact RBC Group Advantage at [1-800-835-3855] to apply for the RBC Avion Visa Infinite Credit Card or the RBC Avion Visa Platinum Credit Card. To receive the annual fee rebate for one year and the 35,000 Avion Rewards welcome points (or “welcome points”), your application for an RBC Avion Visa Infinite credit card or RBC Avion Platinum Credit Card must be received between January 1, 2022 and December 31, 2022 (“Offer Period”), and it must be approved by us. Upon enrolment, 35,000 welcome points will appear on your first monthly credit card statement. Additional cardholder(s), as well as existing RBC Avion Visa Infinite, RBC Avion Visa Platinum, British Airways‡ Visa Infinite, RBC Rewards Visa Preferred, RBC Rewards+ Visa, RBC Avion Visa Infinite Privilege and RBC Avion Visa Infinite Privilege for Private Banking credit cardholders as of the start of the Offer Period, applying for or transferring to an RBC Avion Visa Infinite credit card or RBC Avion Visa Platinum credit card are not eligible for this offer. If you do not meet the minimum income requirements for the RBC Avion Visa Infinite credit card, you may be eligible to be approved for the RBC Avion Visa Platinum credit card through this offer. This offer may not be combined or used in conjunction with any other offer and may be amended or withdrawn without notice at any time, even after acceptance by you. For complete terms and conditions that apply to the Avion Rewards Program, please visit www.avionrewards.com or call 1-800-769-2512.
3. Deloitte Lending Offers
3.1 Exclusive Deloitte Royal Credit Line Offer
As an Eligible Client, you will receive 1% off your unsecured Royal Credit Line rate on a Royal Credit Line opened between January 1, 2022 and December 31, 2022. This Offer may be combined or used in conjunction with any other offer. As per the Royal Credit Line Account Agreement, we may increase or decrease your interest rate at any time. We will give you notice of any change to your interest rate as per the terms of the Royal Credit Line Account Agreement
3.2 RBC Homeline Plan Rate
As an Eligible Client, you are eligible for an exclusive RBC Homeline Plan rate of RBC Prime + 0.5% on RBC Homeline Plans that are opened between January 1, 2022 and December 31, 2022. Rates are applicable only to the RBC Homeline Plan mortgage loan segment opened between January 1, 2022 and December 31, 2022. “RBC Prime” means the annual rate of interest announced by Royal Bank of Canada from time to time as its reference rate then in effect for determining interest rates on Canadian dollar commercial loans made by the Bank in Canada. Royal Bank of Canada Prime Rate is 2.7% as April 7, 2022 and is subject to change at any time without notice. Our Prime Rate is posted in all of our branches and online at www.rbcroyalbank.com. This Offer may not be combined or used in conjunction with the other Homeline Plan Rates Offers. Special offers are special discounted rates and are not the posted rates of Royal Bank of Canada.
3.3 Mortgage Switch Offer
This Offer is available for all mortgages switched in from other financial institutions. For Switch transactions we will pay, when applicable, the basic title insurance fee (up to $700 in Atlantic: New Brunswick, PEI, Nova Scotia, Newfoundland & Labrador and Quebec and up to $500 in the rest of Canada), processing fee (up to $300) and one discharge fee (up to $300 maximum discharge fee, except Quebec). Offer excludes mortgage prepayment charges (“breakage fees”) that you may have to pay. The mortgage with RBC must have a principal amount of $100,000 or more ($75,000 minimum for Atlantic: New Brunswick, PEI, Nova Scotia, Newfoundland & Labrador, Manitoba, Saskatchewan and Quebec). Offer eligible only for a new RBC closed mortgage with a four-year or greater fixed interest rate or a five-year variable rate term. . This Offer may be combined or used in conjunction with any other offer.
4. Group Banking Offer
As an Eligible Client, you may also be eligible to earn Avion points as part of a Personal Base Offer, Additional Personal Offer, Credit Card Base Offer and Residential Mortgage Base Offer that we offer to RBC Group Advantage Clients. The details of these Offers as well as qualifying criteria and terms and conditions are available at rbc.com/groupterms.
5. Additional Conditions that apply to all offers
These offers are not available to temporary and contract employees of Deloitte LLP.
Royal Bank of Canada reserves the right, in its sole discretion, to suspend or terminate these offers:
- if we believe you to be manipulating or otherwise abusing the fairness, integrity or operation of the offer;
- upon any misrepresentation of information to us;
- upon failure to comply with these Terms & Conditions.
Offer may be withdrawn or amended without notice at any time. The RBC Signature No Limit Banking Monthly Fee rebate cannot be combined with any other personal banking account Monthly Fee rebate or promotion unless otherwise specified.
®/™Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada.
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