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Best chequing account promotions in Canada

Earn cash bonuses, interest and more with these new chequing account offers and promotions.

Bank account promotions can be lucrative for new customers. While many chequing account offers include cash rewards, gift cards, or waived fees, some include gifts such as a new iPad or other types of merchandise. If you’re in the market for a new chequing account, check out the most current chequing account promotions:

Best chequing account offers for April 2024

  • BMO Performance Chequing Account: Get up to a $600 cash bonus. Earn $350 when you open a new BMO Performance Chequing Account and $200 when you open a Savings Amplifier Account. Plus, earn an additional $50 when you add a second member and make it a BMO Family Bundle. Valid until July 2, 2024. Plus, earn a 5.50% promo interest rate when you open a Performance Chequing and a Savings Amplifier Account.
  • Simplii No Fee Chequing Account: Earn $400 when you become a new client and set up a direct deposit of at least $100 for 3 months. Offer ends October 31, 2024.
  • Coast Capital Free Chequing, Free Debit, and More Account: Get $150 when you become a new member and open a Free Chequing, Free Debit and More Account. Valid until June 30, 2024.
  • Scotiabank Preferred Package: Earn a welcome bonus of up to $400. Earn $350 when you complete two banking steps, earn $50 when you open a new RRSP or TFSA and set up and maintain a recurring pre-authorized contribution of at least $50 for a minimum of 3 months. Valid until July 31, 2024.
  • RBC Signature No Limit Banking Account: Get the new Apple Watch Series 9 when you switch to RBC & open an RBC Signature No Limit Banking Account. Valid until June 3, 2024.
  • Tangerine No-Fee Daily Chequing Account: Earn up to $500. Use promo code EARNMORE on signup. Get 20% cash back on eligible online Visa Debit transactions when you shop online or in-app for 60 days (up to $400 value), plus earn $100 when you set up automatic transfers.
  • CIBC Smart Account: Get a $400 Costco Shop Card when you open a CIBC Smart Account and provide your email address and complete the qualifying actions within 2 months.
  • TD Unlimited Chequing Account: Earn a $400 welcome bonus. Complete two banking steps to earn $350, and earn $50 when you apply and are approved for either a Monthly Overdraft Protection Plan or Pay As You Go Overdraft Protection Plan. Offer ends June 3, 2024.

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BMO offers

BMO is one of the original Big Five Banks in Canada. As a traditional bank with a strong commitment to online service, BMO will often run new customer promotions for those looking to open a chequing account. Here are the latest BMO promotions.

BMO Performance Chequing Account

Get up to a $600 cash bonus. Earn $350 when you open a new BMO Performance Chequing Account and $200 when you open a Savings Amplifier Account. Plus, earn an additional $50 when you add a second member and make it a BMO Family Bundle. Valid until July 2, 2024. Plus, earn a 5.50% promo interest rate when you open a Performance Chequing and a Savings Amplifier Account.

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BMO Premium Plan Chequing Account

Get up to a $600 cash bonus. Earn $350 when you open a new BMO Premium Plan Chequing Account and $200 when you open a Savings Amplifier Account. Plus, earn an additional $50 when you add a second member and make it a BMO Family Bundle. Valid until July 2, 2024. Plus, earn a 5.50% bonus interest rate when you add a Savings Amplifier Account.

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BMO Plus Chequing Account

Earn $100 when you open an account and setup recurring deposits and bill payments. Valid until July 2, 2024.

Simplii promotions

Affiliated with CIBC, Simplii is a well-established online bank in Canada that regularly offers incentives for new account openings. Check out these current Simplii offers:

Simplii No Fee Chequing Account

Earn $400 when you become a new client and set up a direct deposit of at least $100 for 3 months. Offer ends October 31, 2024.

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Coast Capital promotions

Coast Capital is one of the largest credit unions in Canada. Based in British Columbia, it offers access to multiple types of chequing accounts and a variety of savings accounts. Here are the current offers from Coast Capital credit union:

Coast Capital Free Chequing, Free Debit, and More Account

Get $150 when you become a new member and open a Free Chequing, Free Debit and More Account. Valid until June 30, 2024.

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RBC chequing account promotions

RBC is part of the Big Six Banks club — a list of large, traditional Canadian banks that make up the banking pillar of the Canadian financial system. As a large, well-established bank, RBC offers a number of promotions throughout the year for new and returning clients. Here are the current RBC chequing account promotions:

RBC Signature No Limit Banking Account

Get the new Apple Watch Series 9 when you switch to RBC & open an RBC Signature No Limit Banking Account. Valid until June 3, 2024.

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RBC VIP Banking Account

Get the new Apple Watch Series 9 when you switch to RBC & open an RBC VIP Banking Account. Valid until June 3, 2024.

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RBC Advantage Banking for Students

Get $100 when you open an account. Valid until June 30, 2024.

Tangerine promotions

As an online bank, Tangerine usually offers new customers cashback promotions. Here are the current Tangerine chequing account promotions:

Tangerine No-Fee Daily Chequing Account

Earn up to $500. Use promo code EARNMORE on signup. Get 20% cash back on eligible online Visa Debit transactions when you shop online or in-app for 60 days (up to $400 value), plus earn $100 when you set up automatic transfers.

Scotiabank promotions

Scotiabank is part of the Canadian Big Five Banks list. As a large, traditional bank, Scotiabank will run promotions to attract new customers to specific products, including their day-to-day bank products, such as chequing accounts. Here are the current chequing account promotions from Scotiabank:

Scotiabank Ultimate Package

Earn a welcome bonus of up to $400. Valid until July 31, 2024.

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Scotiabank Preferred Package

Earn a welcome bonus of up to $400. Earn $350 when you complete two banking steps, earn $50 when you open a new RRSP or TFSA and set up and maintain a recurring pre-authorized contribution of at least $50 for a minimum of 3 months. Valid until July 31, 2024.

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Scotiabank Student Banking Advantage Plan

Earn up to a $100 welcome bonus when you open an account. Apply by April 30, 2024.

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National Bank promotions

National Bank is the last of the traditional banks to join the Big Six Banks list. To gain a competitive edge, Natioanl Bank will frequently run chequing account promotions in order to attract new customers. Here are the current National Bank chequing account promotions:

National Bank The Total Chequing Account

Get $150 towards an eligible National Bank credit card you activate after opening a National Bank The Total Chequing Account.

National Bank Connected Account

Get $30 towards an eligible National Bank credit card you activate after opening a National Bank Connected Account.

CIBC promotions

CIBC is a large, traditional bank with customers across Canada. New customers can expect CIBC promotions for a variety of accounts. Here are the current CIBC chequing account promotions:

CIBC Smart Account

Get a $400 Costco Shop Card when you open a CIBC Smart Account and provide your email address and complete the qualifying actions within 2 months.

CIBC Smart Plus Account

Get a $400 Costco Shop Card with a CIBC Smart Plus Account when you complete the qualifying actions.

TD Bank offers

Quite often, TD Bank will offer cash bonuses and gift cards, among other perks, to new customers. Learn more about TD chequing account promotions currently in the market:

TD All-Inclusive Banking Plan

Get up to $400 when you open a TD All-Inclusive Banking Plan. Valid until June 3, 2024.

TD Unlimited Chequing Account

Earn a $400 welcome bonus. Complete two banking steps to earn $350, and earn $50 when you apply and are approved for either a Monthly Overdraft Protection Plan or Pay As You Go Overdraft Protection Plan. Offer ends June 3, 2024.

TD Student Chequing Account

Earn up to $225 in value when you open a new TD Student Chequing Account. Valid until May 6, 2024.

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