Simplii Financial offers some of the highest bonus interest rates and cash bonus offers on the market when you sign up for a new account. We’ve gathered together the Simplii new account offers and promotions available now — including how the Simplii referral bonus works — to help you compare options and earn more.
We’ve compiled the latest Simplii offers available now so you can easily browse through the current Simplii promotions and compare deals.
Earn $300 and a $50 Skip gift card when you become a new client and set up a direct deposit of at least $100 for 3 months. Offer ends September 30, 2026.
Simplii High Interest Savings Account
Earn 4.60% interest for 5 months on up to $100,000 in savings. Terms Apply. Offer ends July 31, 2026.
Earn $300 when you become a new client and set up a direct deposit of at least $100 for 3 months. Offer ends September 30, 2026.
After signing up for a new Simplii Financial account, Earn a welcome bonus of $300 and a $50 Skip gift card when you become a new client and set up a direct deposit of at least $100 for 3 months. Offer ends September 30, 2026.
You’ll receive the cash bonus as a deposit in your new No Fee Chequing Account within 3 business days of completing the offer qualifying actions.
Qualifying direct deposits include payroll, pension, Employment Insurance and Provincial Parental Insurance.
Keep in mind that Interac e-transfers and transfers between accounts do not qualify for the Simplii new account offer.
Simplii Financial doesn’t accept just any direct deposit as part of its new account offer. The following direct deposits are the only types of deposits that you can use to qualify for the Simplii cash bonus offer.
Payroll:
Insurance:
Pension:
Government benefit or social assistance:
No, Simplii does not categorize EFT deposits as direct deposits for the new account offer. That includes payroll deposits from your employer listed as EFTs (e.g. “EFT Deposit [company name]”).
So if you’re planning to use your paycheque as your qualifying direct deposit, double check that it isn’t actually an EFT. Otherwise you may think you’re going to receive the cash bonus offer, only to find out later that you haven’t completed the qualifications for it.
Simplii Financial offers a very competitive referral program. It offers a $125 cash bonus when you refer a friend who signs up for a Simplii account, credit card or loan. Your friend will also get a $50 bonus for signing up.
If your referred friend sends an international money transfer through Simplii’s Global Money Transfer service, both you and your friend will earn a $50 cash bonus.
To refer a friend and qualify for Simplii’s referral bonus you have to meet the following conditions:
You’ll need to first get your unique Simplii referral info by signing into your mobile or online banking profile and selecting “Refer a friend.” You’ll then be given a unique link and referral code, which you can share with your friends.
Once your friends sign up using your link or code, and after completing a few setup actions, you’ll be given a $125 cash bonus and your friend will receive $50.
Yes, your friend will have to do more after signing up for an account before you can both receive the referral bonus.
If your friend uses your referral bonus to sign up for a Simplii chequing or savings account, they will have to deposit at least $100 within 6 months of opening the account and maintain a balance of at least $100 for a minimum of 30 days.
If your friend opens a credit card, they will have to spend at least $100 on the card within the first 6 months. Alternatively, if your friend opens a line of credit, they will have to borrow at least $100 from the account within 6 months,
Yes, it’s definitely worth considering switching to Simplii for one of its promotional offers because it typically offers some of the highest new account offers on the market for both its chequing and savings accounts.
As a bank, Simplii Financial is a division of the Canadian Imperial Bank of Commerce and is CDIC insured. It was founded in 2017, and has since grown to offer bank accounts, investment options, lines of credit, loans and mortgages.
Although Simplii offers some of the best promotions in Canada, other banks and credit unions are offering competitive promotions right now. Here are some other options you can use to compare with Simplii new account offers:
Finder exclusive: Get a $175 digital Visa gift card from Finder. Become a Finder Member and open a BMO Performance Chequing Account through Finder.
Earn up to $900. Earn up to an $900 cash bonus with the BMO Performance Chequing Account. Plus, get a Walmart+ membership for up to 12 months. Valid until August 6, 2026.
Earn up to $900. Earn up to an $900 cash bonus with the BMO Premium Plan Chequing Account. Plus, get a Walmart+ membership for up to 12 months. Valid until August 6, 2026.
Finder exclusive: Get a $100 digital Visa gift card from Finder. Become a Finder Member and open a Scotiabank Preferred Package through Finder.
Earn up to $700 when you bundle a Preferred Package, savings account, and registered account. Valid until July 2, 2026.
Earn up to $700 when you bundle an Ultimate Package, savings account, and registered account. Valid until July 2, 2026.
Scotia High Interest Savings Account
Earn up to 5% for the first 3 months when you open your first Scotia High Interest Savings Account. T&Cs apply.
Earn $450. New members can get $450 when they open and use a Coast Capital Unlimited Chequing Account. Offer ends July 6, 2026.
Earn $150. New members can get $150 when they open and use a Coast Capital Free Chequing, Free Debit, and More Account. Offer ends July 6, 2026.
Earn $450. New members can get $450 when they open and use a Coast Capital Elevate Chequing Account. Offer ends July 6, 2026.
Open a RBC Signature No Limit Banking Account and get the new Apple iPad (value of $499). T&Cs apply. Valid until November 2, 2026.
Open a RBC VIP Banking Account and get the new Apple iPad (value of $499). T&Cs apply. Valid until November 2, 2026.
Earn 2.75% interest on your money with qualifying direct deposits of $2,000/month, and 1.00% otherwise.
Get up to $850 when you open a CIBC Smart Account and complete qualifying actions.
Apply to win $2,500. Open a No-Fee Bank Account and you'll be entered to win. Valid until June 30, 2026.
Get up to $750 when you open a TD Unlimited Chequing Account. T&Cs apply. Offer ends October 1, 2026.
Earn up to $250. Earn up to $250 when you open a No-Fee Daily Chequing Account and move your pay. Valid until October 31, 2026.
Tangerine Savings Account
Open a Tangerine Savings Account to earn 4.50% for the first 5 months (on up to $1,000,000 in deposits) when you sign up by July 31, 2026. Thereafter, you'll earn 0.30%.
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