LIMITED TIME OFFER
Switch your mortgage to RBC and get up to $5,700 in value.legal disclaimer *
Offer expires January 31, 2025
Switching Your Mortgage Couldn’t be Easier
We make it as easy as possible to switch your mortgage to RBC. We’ll take care of everything for you – from contacting your current lender to managing the paperwork. Move your mortgage today and experience the RBC difference.
PLUS, for a limited time, enjoy up to $5,700 in value. That’s a cash bonus of up to $3,500, a rebate in your switching fees of up to $1,100legal disclaimer
4, and 55,000 Avion points when you apply for a mortgage between December 1, 2024 and January 31, 2025.
Get up to $5,700 in value when you switch to an RBC Mortgage
| Value of the Eligible Mortgage You're Switching |
Cash Deposited in Your RBC Bank Accountlegal disclaimer 1 |
|---|---|
| $300,000 – $499,999.99 | $500 |
| $500,000 – $749,999.99 | $1,000 |
| $750,000 – $999,999.99 | $2,500 |
| $1,000,000+ | $3,500 |
+
Plus receive 55,000 Avion pointslegal
disclaimer 2
(Valued up to $1,100)
+
Did you know there are fees to switch your mortgage? At RBC, we cover up to $1,100 in switch fees on your eligible mortgage and take care of everything for you—so switching couldn’t be easier.
Switch fees covered when you move your mortgage to RBC:
- Up to $300 in processing fees based on a current home evaluation
- Up to $300 in discharge fees charged by your previous lender
- Up to $500 in title insurance fees
These are typical fees paid for all switches. If you switch before your term expires you may incur additional prepayment fees charged by your previous lender.
Here's How to Get Your Offer
Apply for an eligible RBC mortgage by January 31, 2025.legal disclaimer 1
Have or open an eligible RBC bank account, enrol your account in the Value Program, and fund your mortgage by May 31, 2025.legal disclaimer 1,legal disclaimer 2
Make a mortgage payment from an eligible RBC bank account by June 30, 2025.legal disclaimer 1,legal disclaimer 2
Get expert advice tailored to your mortgage needs
RBC Mortgage Specialists can answer any questions you might have at any time – in-person, by phone, or by video.
Start your switch today! Find a mortgage specialist in your area.
Legal Disclaimer*
This Promotional Offer is comprised of a Cash Offer component and a Points Offer component, as described below.
Legal Disclaimer1
Cash Offer Component Terms & Conditions:
Provided you meet the terms and conditions described below, you may qualify to receive the applicable cash amount deposited to an RBC “Eligible Personal Deposit Account” (as described below).
An “Eligible Mortgage Application” is a switch mortgage application (i.e., a mortgage switched to RBC from another mortgage lender) that results in a written mortgage pre-approval or approval, containing an interest rate commitment, dated between December 1, 2024 and January 31, 2025 (inclusive), in Canada only. Mortgage must fund within 120 days from the start of the rate commitment and no later than May 31, 2025. Offer available only for new mortgages of the following types and terms:
If you open a new RBC Homeline Plan account, you may be eligible to receive the Cash Offer component based on the total principal amount(s) in the mortgage segment(s) of the RBC Homeline Plan.
This offer is limited to personal clients and residential switch mortgages on owner-occupied residential dwellings only. Non-personal clients, commercial/investment properties, and properties not owner-occupied are excluded.
This offer is also not available in respect of any of the following transactions: an amendment to an existing mortgage with RBC; an advance of additional funds; a renewal; a new mortgage segment within an RBC Homeline Plan; a mortgage portability transaction; and a transfer of an existing mortgage with RBC to an RBC Homeline Plan. Offers may be combined or used in conjunction with only certain other RBC offers only as and to the extent permitted under the terms and conditions of such other RBC offers. See your RBC mortgage specialist for additional details. This offer is subject to RBC’s standard lending criteria for residential mortgages. Offer may be withdrawn or amended without notice at any time.
Mortgage must remain open until the end of mortgage term; should your mortgage be repaid or otherwise closed or discharged prior to the end of its term, we reserve the right to demand repayment of the cash benefit amount you received, and by participating you agree (i) to repay this amount upon demand and (ii) that we may, without notice to you, recover this amount by debiting any account you hold with us.
NOTE: To receive the applicable cash benefit, you must have or open an RBC Royal Bank Canadian dollar “Eligible Personal Deposit Account” (as described below) or an RBC Private Banking Account, and you must use it to make at least one payment for your mortgage by June 30, 2025. An “Eligible Personal Deposit Account” means one of the following RBC personal deposit account types: RBC Staff Banking, RBC VIP Banking, RBC Advantage Banking, RBC Advantage Banking for students, RBC Signature No Limit Banking, RBC No Limit Banking, RBC Day to Day Banking, RBC Student Banking, RBC No Limit Banking for Students, RBC Day to Day Savings, RBC Enhanced Savings, RBC High Interest eSavings. If you have more than one Eligible Personal Deposit Account, we reserve the right to choose, in our sole discretion, the Eligible Personal Deposit Account to which your cash benefit will be credited. The cash benefit will be credited eight weeks after all the criteria for an “Eligible Mortgage Application” are met. If you do not have an Eligible Personal Deposit Account by May 31, 2025, and make a mortgage payment from an eligible account by June 30, 2025, you will be deemed to have not qualified for this offer and will not be eligible to receive its benefits. RBC reserves the right to charge your account if you payout your mortgage before the end of your term.
Provided you meet the terms and conditions described below, you may qualify to receive the applicable cash amount deposited to an RBC “Eligible Personal Deposit Account” (as described below).
An “Eligible Mortgage Application” is a switch mortgage application (i.e., a mortgage switched to RBC from another mortgage lender) that results in a written mortgage pre-approval or approval, containing an interest rate commitment, dated between December 1, 2024 and January 31, 2025 (inclusive), in Canada only. Mortgage must fund within 120 days from the start of the rate commitment and no later than May 31, 2025. Offer available only for new mortgages of the following types and terms:
- 3-year fixed interest rate closed mortgage
- 4-year fixed interest rate closed mortgage
- 5-year fixed interest rate closed mortgage
- 5-year variable closed mortgage
If you open a new RBC Homeline Plan account, you may be eligible to receive the Cash Offer component based on the total principal amount(s) in the mortgage segment(s) of the RBC Homeline Plan.
This offer is limited to personal clients and residential switch mortgages on owner-occupied residential dwellings only. Non-personal clients, commercial/investment properties, and properties not owner-occupied are excluded.
This offer is also not available in respect of any of the following transactions: an amendment to an existing mortgage with RBC; an advance of additional funds; a renewal; a new mortgage segment within an RBC Homeline Plan; a mortgage portability transaction; and a transfer of an existing mortgage with RBC to an RBC Homeline Plan. Offers may be combined or used in conjunction with only certain other RBC offers only as and to the extent permitted under the terms and conditions of such other RBC offers. See your RBC mortgage specialist for additional details. This offer is subject to RBC’s standard lending criteria for residential mortgages. Offer may be withdrawn or amended without notice at any time.
Mortgage must remain open until the end of mortgage term; should your mortgage be repaid or otherwise closed or discharged prior to the end of its term, we reserve the right to demand repayment of the cash benefit amount you received, and by participating you agree (i) to repay this amount upon demand and (ii) that we may, without notice to you, recover this amount by debiting any account you hold with us.
NOTE: To receive the applicable cash benefit, you must have or open an RBC Royal Bank Canadian dollar “Eligible Personal Deposit Account” (as described below) or an RBC Private Banking Account, and you must use it to make at least one payment for your mortgage by June 30, 2025. An “Eligible Personal Deposit Account” means one of the following RBC personal deposit account types: RBC Staff Banking, RBC VIP Banking, RBC Advantage Banking, RBC Advantage Banking for students, RBC Signature No Limit Banking, RBC No Limit Banking, RBC Day to Day Banking, RBC Student Banking, RBC No Limit Banking for Students, RBC Day to Day Savings, RBC Enhanced Savings, RBC High Interest eSavings. If you have more than one Eligible Personal Deposit Account, we reserve the right to choose, in our sole discretion, the Eligible Personal Deposit Account to which your cash benefit will be credited. The cash benefit will be credited eight weeks after all the criteria for an “Eligible Mortgage Application” are met. If you do not have an Eligible Personal Deposit Account by May 31, 2025, and make a mortgage payment from an eligible account by June 30, 2025, you will be deemed to have not qualified for this offer and will not be eligible to receive its benefits. RBC reserves the right to charge your account if you payout your mortgage before the end of your term.
Legal Disclaimer2
RBC Avion Points Offer Component Terms & Conditions:
In addition to the Cash Offer (if applicable), if your “Eligible Mortgage Application” (as described above) is for a mortgage or RBC Homeline Plan mortgage segment with a principal amount equal to or greater than $100,000 (or $75,000 minimum for Atlantic Canada: New Brunswick, PEI, Nova Scotia, Newfoundland & Labrador, Manitoba, Saskatchewan, and Quebec) you are eligible to earn 55,000 RBC Avion points (“Bonus Points”). Mortgage must fund within 120 days of the interest rate commitment start date and no later than May 31, 2025. Offer is eligible only for a new RBC closed mortgage with a three-year or greater fixed interest rate or a five-year variable rate term.
To qualify to receive the Bonus Points Offer component of the Promotional Offer, you must (i) have qualified to receive the Cash Offer component of the Promotional offer (if applicable), and (ii) before May 31, 2025, have an “Eligible Personal Deposit Account” (as described below) enrolled in the RBC Value Program, or open an Eligible Personal Deposit Account and enroll it in the RBC Value Program. Eligible Personal Deposit Accounts include: RBC Staff Banking, RBC VIP Banking, RBC Advantage Banking, RBC Advantage Banking for students, RBC Signature No Limit Banking, RBC No Limit Banking, RBC Day to Day Banking, RBC Student Banking, RBC No Limit Banking for Students, RBC Day to Day Savings, RBC Enhanced Savings, RBC High Interest eSavings. For more information on the Value Program please visit: https://www.rbcroyalbank.com/onlinebanking/servicech/pdf/br-value-program.pdf(opens pdf in a new window)
If you qualify for the Bonus Points component of the Promotional Offer by meeting all applicable terms and conditions, the Bonus Points will be deposited to the RBC Avion points account tied to your Eligible Personal Banking Account within eight weeks after meeting all the criteria for an “Eligible Mortgage Application”, as described above.
If you do not have an Eligible Personal Deposit Account that is enrolled in the RBC Value Program by May 31, 2025, you will be deemed to have not qualified for the Bonus Points component of the Promotional Offer and will not receive the Bonus Points.
In addition to the Cash Offer (if applicable), if your “Eligible Mortgage Application” (as described above) is for a mortgage or RBC Homeline Plan mortgage segment with a principal amount equal to or greater than $100,000 (or $75,000 minimum for Atlantic Canada: New Brunswick, PEI, Nova Scotia, Newfoundland & Labrador, Manitoba, Saskatchewan, and Quebec) you are eligible to earn 55,000 RBC Avion points (“Bonus Points”). Mortgage must fund within 120 days of the interest rate commitment start date and no later than May 31, 2025. Offer is eligible only for a new RBC closed mortgage with a three-year or greater fixed interest rate or a five-year variable rate term.
To qualify to receive the Bonus Points Offer component of the Promotional Offer, you must (i) have qualified to receive the Cash Offer component of the Promotional offer (if applicable), and (ii) before May 31, 2025, have an “Eligible Personal Deposit Account” (as described below) enrolled in the RBC Value Program, or open an Eligible Personal Deposit Account and enroll it in the RBC Value Program. Eligible Personal Deposit Accounts include: RBC Staff Banking, RBC VIP Banking, RBC Advantage Banking, RBC Advantage Banking for students, RBC Signature No Limit Banking, RBC No Limit Banking, RBC Day to Day Banking, RBC Student Banking, RBC No Limit Banking for Students, RBC Day to Day Savings, RBC Enhanced Savings, RBC High Interest eSavings. For more information on the Value Program please visit: https://www.rbcroyalbank.com/onlinebanking/servicech/pdf/br-value-program.pdf(opens pdf in a new window)
If you qualify for the Bonus Points component of the Promotional Offer by meeting all applicable terms and conditions, the Bonus Points will be deposited to the RBC Avion points account tied to your Eligible Personal Banking Account within eight weeks after meeting all the criteria for an “Eligible Mortgage Application”, as described above.
If you do not have an Eligible Personal Deposit Account that is enrolled in the RBC Value Program by May 31, 2025, you will be deemed to have not qualified for the Bonus Points component of the Promotional Offer and will not receive the Bonus Points.
Legal Disclaimer3
Other Terms & Conditions Applicable to the Promotional Offer:
Limit of one Promotional Offer (i.e., limit of one Cash Offer and one Points Offer) per funded mortgage or RBC Homeline Plan with a mortgage segment.
Royal Bank of Canada reserves the right to cancel, modify, or withdraw the Promotional Offer or any component thereof at any time, without or without notice to you.
® / ™ Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada.
If you are an RBC Avion Visa Infinite, RBC Avion Visa Platinum, RBC Avion Visa Infinite Privilege, RBC Avion Visa Infinite Business, or RBC Avion Visa Business cardholder (“RBC Avion Cardholder”), 55,000 Avion points can be redeemed for a round trip long-haul flight to Mexico, Hawaii or Alaska from Eastern Canada or the United States, and to Bermuda, Central America, Caribbean from Western Canada or the United States, with a maximum ticket price of (none). All applicable taxes, service fees and surcharges are the responsibility of the traveler. For more details, including information on redeeming for first class and business class seats, visit: https://www.avionrewards.com/travel/index.html(opens new window). If you are not an RBC Avion Cardholder, different redemption rates apply. Avion points can also be redeemed for travel, gift certificates/cards, brand name merchandise, and more. All rewards are subject to availability and may change without prior notice. For complete terms, conditions and restrictions that apply to the Avion Rewards program, please visit: www.avionrewards.com(opens new window) or call 1-800 ROYAL 1-2 (1-800-769-2512).
Limit of one Promotional Offer (i.e., limit of one Cash Offer and one Points Offer) per funded mortgage or RBC Homeline Plan with a mortgage segment.
Royal Bank of Canada reserves the right to cancel, modify, or withdraw the Promotional Offer or any component thereof at any time, without or without notice to you.
® / ™ Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada.
If you are an RBC Avion Visa Infinite, RBC Avion Visa Platinum, RBC Avion Visa Infinite Privilege, RBC Avion Visa Infinite Business, or RBC Avion Visa Business cardholder (“RBC Avion Cardholder”), 55,000 Avion points can be redeemed for a round trip long-haul flight to Mexico, Hawaii or Alaska from Eastern Canada or the United States, and to Bermuda, Central America, Caribbean from Western Canada or the United States, with a maximum ticket price of (none). All applicable taxes, service fees and surcharges are the responsibility of the traveler. For more details, including information on redeeming for first class and business class seats, visit: https://www.avionrewards.com/travel/index.html(opens new window). If you are not an RBC Avion Cardholder, different redemption rates apply. Avion points can also be redeemed for travel, gift certificates/cards, brand name merchandise, and more. All rewards are subject to availability and may change without prior notice. For complete terms, conditions and restrictions that apply to the Avion Rewards program, please visit: www.avionrewards.com(opens new window) or call 1-800 ROYAL 1-2 (1-800-769-2512).
Legal Disclaimer4
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, up to $1,000 in 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 three-year or greater fixed interest rate or a five-year variable rate term.