Consent to Electronic Availability of the Terms and Conditions (2024)

I. Consent to Electronic Availability of the Terms and Conditions (the T&C Consent)

Part I will govern the electronic availability of the Terms and Conditions governing your GIC. You must review this T&C Consent and confirm your acceptance.

1. Definitions.
   “T&C Consent” in this Part I means the consent to the electronic availability of the Terms and Conditions;
   “GIC” means Guaranteed Investment Certificate or term deposit;
   “Terms and Conditions” means the terms and conditions applicable to the GIC that were provided in the preceding account details screens, as well as in the GIC Client Agreement and any Special Conditions provided below. It includes (but is not limited to) all information relating to the interest rate, charges (if any), investment period, rights of redemption or cancellation, maturity instructions and CDIC eligibility.
   “You” and “Your” means the individual who wants to view the Terms and Conditions electronically; and
   “we”, “us” and “our” mean the Royal Bank of Canada (the “Bank”), if your account is with the Bank, Royal Bank Mortgage Corporation (“RBMC”), if the Account is with RBMC or Royal Trust Corporation of Canada, (“RTCC”), if the Account is with RTCC or The Royal Trust Company (“RTC”), if the Account is with RTC. GICs issued by RTCC are not available to clients resident in the Province of Quebec.
2. Electronic Process for Terms and Conditions. These electronic Terms and Conditions are being made available for you on your computer screen to review.
3. Availability of Electronic Terms and Conditions. If you want to retain copies of your electronic Terms and Conditions, you can print a copy of them now or save them using your web browser. It is your responsibility to view and retain a copy of the Terms and Conditions.
4. Terms and Conditions Options. You confirm that you have read this T&C Consent, understand that it is your choice to have the Terms and Conditions delivered electronically and you are giving your consent to the electronic provision of these documents.
5. Questions and Complaints. You may contact us if you have any questions or complaints about these screens, our website, or any technology requirements, at 1-800 769-2555 or visit your local branch.

II. Consent to CLIENT AGREEMENT - GUARANTEED INVESTMENT CERTIFICATE (GIC)

You may have already purchased a GIC(s) from us and have been provided with the Client Agreement - Guaranteed Investment Certificate (the “Client Agreement”). The Client Agreement was revised by Royal Bank in November, 2015. Below you will find a copy of the revised Client Agreement that will apply to each new GIC that you purchase. For your information, the revised Client Agreement will also apply to each GIC that you have already purchased with us when you renew that GIC.

CLIENT AGREEMENT GUARANTEED INVESTMENT CERTIFICATE (GIC) FOR GIC(S) HELD IN ROYAL BANK OF CANADA RETIREMENT SAVINGS PLAN, RETIREMENT INCOME FUND, EDUCATION SAVINGS PLAN, DISABILITY SAVINGS PLAN OR TAX-FREE SAVINGS ACCOUNT (“REGISTERED PLAN”)

What the Words Mean: In this Agreement, please remember that, “you” means the person in whose name a GIC deposit (“GIC”) is held whether with the Royal Bank of Canada, the Royal Bank Mortgage Corporation, Royal Trust Corporation of Canada, or in Quebec, The Royal Trust Company within a Registered Plan of which you are the annuitant, subscriber, or holder as may be applicable.

General: This Agreement, sets out the terms under which you can place a GIC with us held in your Registered Plan. Placing your GIC with us means you have received this Agreement, and any Special Conditions applicable to certain types of GICs amending this Agreement, and agree to the terms set out in such document(s).

Confirmation Notice: We will provide you with a confirmation notice once the GIC has been purchased within your Registered Plan. It shows the details of the GIC, such as its principal amount, its term, the rate of interest and any instructions on what to do at maturity. It also shows whether you may cash the GIC within your Registered Plan before the end of the term of the GIC and any penalties that may apply if you do so.

Payments and Renewal: The interest on a GIC within your Registered Plan will be kept with your GIC or placed into the savings deposit within the Registered Plan as the interest becomes payable from time to time. Upon maturity, the principal amount of your GIC, together with any interest earned on it during its term, will be deposited into a savings deposit or renewed or reinvested in accordance with your instructions, such transactions all to occur within your Registered Plan.

Interest: Interest on a GIC will be calculated counting the first but not the last day of the term.

Payments and Renewal Instructions: You may provide us with instructions for deposit, renewal or reinvestment, such transactions all to occur within your Registered Plan, by writing to us, speaking to one of our representatives at a branch or by contacting us by phone or in Online Banking.

Automatic Renewal: We will automatically renew a GIC at the end of its term, if you have not told us what to do with it. It will be for a one year term. The interest rate on the renewed GIC will be the same as the interest rate we offer on comparable deposits at the date of renewal. It may include any online special and/or bonus rate offered at the time of renewal, if applicable. The other details of the renewed GIC will be the same as the original GIC. If the GIC is no longer offered, we will renew it as a one year redeemable GIC. You have the right to cancel a renewed GIC within 10 business days from the issuance (renewal) date and if you do, your principal will be returned, but no interest will apply from the issuance to the cancellation date.

Deposit Insurance: Royal Bank of Canada and our affiliates, the Royal Trust Corporation of Canada, The Royal Trust Company and the Royal Bank Mortgage Corporation are members of Canada Deposit Insurance Corporation (CDlC). A GIC with any of these institutions is eligible for CDIC deposit insurance coverage provided it is payable in Canada. For more information, including conditions of coverage, contact CDIC directly at [email protected] or 1 (800) 461-2342. Quebec only: If this is a GIC with Royal Bank Mortgage Corporation or The Royal Trust Company, it is a deposit within the meaning of the Deposit Institutions and Deposit Protection Act (Quebec).

Changing This Agreement: We may make changes to this Agreement at any time. If we do, we will let you know before the changes take effect.

Complaint or Compliment: If you have a problem or concern, please contact your branch. If it is not resolved, please contact our Client Care Centre by telephone at 1 (800) 769-2540, by email at [email protected] or by mail to P.O. Box 1, Royal Bank Plaza, Toronto, Ontario M5J 2J5. For more information, please consult our brochure “How to Make a Complaint”, available at any branch or at www.rbc.com/customercare.

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^® Registered trademark of Royal Bank of Canada.