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 $350 when you become a new client and set up a direct deposit of at least $100 for 4 straight months. Offer ends January 31, 2027.
Simplii High Interest Savings Account
Earn 5.00% interest for 5 months on up to $100,000 in savings. Terms apply. Offer ends January 31, 2027.
Earn $350 when you become a new client and set up a direct deposit of at least $100 for 4 straight months. Offer ends January 31, 2027.
After signing up for a new Simplii Financial account, Earn a welcome bonus of $350: Open a new Simplii No Fee Chequing Account, and then within 150 days from when the new account is opened, set up one or more eligible recurring direct deposits totaling at least $100 of deposits per month credited to the account for at least 4 consecutive months within that 150-day time period.
Examples of common recurring direct deposits include: payroll, pension direct deposits, old age security, disability payments and governmental payroll deposits. The cash reward will be directly deposited into the account within 3 business days of all offer requirements being fulfilled. Offer ends January 31, 2027.
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 card from Finder Become a Finder member, then open a new BMO Performance Chequing Account through Finder as a first-time customer and keep it open until January 29, 2027. Offer ends November 30, 2026.
Earn up to $1,100. Earn up to a $1,100 cash bonus with the BMO Performance Chequing Account. Plus, get a Walmart+ membership for up to 12 months. Valid until March 1, 2027.
Earn up to $1,100. Earn up to a $1,100 cash bonus with the BMO Premium Plan Chequing Account. Plus, get a Walmart+ membership for up to 12 months. Valid until March 1, 2027.
KOHO Core Plan
New KOHO Core users can get $40 when they sign up with promo code FINDER4026. T&Cs apply.
Finder exclusive: Get $100 from Finder Become a Finder member, then open a new Scotiabank Preferred Package online through Finder as a first-time customer to get a $100 digital Visa card from Finder + earn up to $1,000 in welcome bonuses from Scotiabank. Keep the account open until January 15th, 2027. Offer ends November 30, 2026.
Earn up to $1,000 when you bundle a Preferred Package, savings account, and credit card. Valid until March 4, 2027.
Earn up to $1,000 when you bundle an Ultimate Package, savings account, and credit card. Valid until March 4, 2027.
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 up to a $600 cash bonus when you open and use a Coast Capital Unlimited Chequing Account. Offer expires November 30, 2026.
Earn up to $350. Earn up to a $350 cash bonus with the Coast Capital Free Chequing, Free Debit, and More Account.
Earn up to $600. Earn up to a $600 cash bonus with the Coast Capital Elevate Chequing Account
Open an RBC Signature No Limit Banking Account and get up to $600. T&Cs apply. Valid until March 1, 2027
Open an RBC VIP Banking Account and get up to $600. T&Cs apply. Valid until March 1, 2027
Earn 3.00% interest on your money with qualifying direct deposits of $2,000/month, and 1.50% otherwise.
Earn up to $850 when you open a CIBC Smart Account with an eligible credit card and complete two qualifying tasks.
TD Growth Savings Account
Earn a 4% bonus interest rate for 90 days when you open a new TD Growth Savings Account and make a new deposit. Valid until January 29, 2027.
Get up to $850 when you open a TD Unlimited Chequing Account. T&Cs apply. Offer ends March 3, 2027
Earn up to $250. Earn up to $250 when you open a No-Fee Daily Chequing Account and move your pay. Valid until April 30, 2027.
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 November 30, 2026. Thereafter, you'll earn 0.30%.
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