There are account fees with the accounts you have to sign up for. The RBC Signature No Limit Banking is the cheapest one at $14.95 per month. You have to keep the account open until Aug 31, 2015 or you'd have to pay the price of the iPad mini. If you open your account in July, 2014, and pay the fees, you will have paid $194.35 for the iPad mini (still good savings).
If you are interested in the promotion you have to:
- Open an account by July 31, 2014
- Set up 2 pre-authorized payments (with first payments to come out by August 31, 2014) or set up 1 regular payroll deposits (with first deposit by August 31, 2014)