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Best bank promotions in Canada for June 2023
Earn cash, rewards points, bonus interest rates and more with these new bank account offers and promotions.
Looking for the latest new bank account offers? Here’s our roundup of the best Canadian bank promotions.
Best new bank promotions and account offers in June 2023
- Best chequing account promotions
- 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 June 30, 2023.
- CIBC Smart Account: Get up to $350 when you open your first chequing account.
- RBC Signature No Limit Banking Account: Get a new iPad Pro when you open a Signature No Limit Banking account. Valid until July 31, 2023.
- BMO Performance Chequing Account: Earn $350 with a Performance Chequing Account. Plus, get an additional $50 when you add a second member and make it a BMO Family Bundle. Valid until July 3, 2023. You can also earn a 4% bonus interest rate when you add a Savings Amplifier Account.
- Scotiabank Preferred Package: Earn a $350 welcome bonus. Conditions apply. Valid until July 31, 2023. Plus, earn a limited-time savings rate on your MomentumPLUS Savings Account.
- Scotiabank Student Banking Advantage Plan: Open a student account today and get up to $100. Apply by June 10, 2023.
Best savings account promotions
- Simplii High Interest Savings Account: Earn 5.25% interest for 5 months on your first Simplii Financial High Interest Savings Account. Conditions apply.
- Tangerine TFSA: Sign up using promo code EARNMORE and earn up to $400 cash back and a 5.00% savings rate. Valid until July 17, 2023
Simplii promotions
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 June 30, 2023.
Simplii High Interest Savings Account
Earn 5.25% interest for 5 months on your first Simplii Financial High Interest Savings Account. Conditions apply.
BMO promotions
With a BMO new account offer, you can score big bonuses and save on fees — even more so if you open accounts for family members. If you’re after a BMO chequing account offer or BMO savings account promotion, here’s what you can currently get.
BMO Performance Chequing Account
Earn $350 with a Performance Chequing Account. Plus, get an additional $50 when you add a second member and make it a BMO Family Bundle. Valid until July 3, 2023. You can also earn a 4% bonus interest rate when you add a Savings Amplifier Account.
BMO Premium Plan Chequing Account
Earn $350 when you open a Premium Chequing Account. Plus, earn an additional $50 when you add a second member and make it a BMO Family Bundle. Valid until July 3, 2023.
BMO Plus Chequing Account
Earn $100 when you open an account and setup recurring deposits and bill payments. Valid until July 3, 2023.
RBC new account offers
These are the RBC new account offers currently available for all Royal Bank chequing and savings accounts.
RBC Signature No Limit Banking Account
Get a new iPad Pro when you open a Signature No Limit Banking account. Valid until July 31, 2023.
RBC VIP Banking Account
RBC Advantage Banking for Students

Get $100 when you open an account and complete one of several eligible account actions. Valid until October 31, 2023.
RBC High Interest eSavings Account
First-time RBC High Interest eSavings account holders can earn 5% interest for 3 months on balances up to $1,000,000. Valid until July 31, 2023.
RBC Leo’s Young Savers Account
Get up to $25 in value when you open an RBC Leo’s Young Savers Account for your child. Apply by June 30, 2023.
National Bank promotions
Here are National Bank promotions and offers currently available for chequing and savings accounts.
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 new account offer
Looking for a CIBC chequing account promotion or CIBC savings account promotion? Here’s what’s currently available.
CIBC Smart Plus Account
Get up to $350 and pay no monthly fee for 3 months when you open your first chequing account.
CIBC eAdvantage Savings Account
Get a Smart Interest of 0.50% on balances up to $200,000 when you save $200 or more in a month (limits apply)
TD promotions for new accounts
If you’re not already a TD Bank customer, you may be able to get cash bonuses, gift cards or other perks with a TD new account offer. Here are the TD Bank promotions available now.
TD All-Inclusive Banking Plan
Get up to $450 when you open a TD All-Inclusive Banking Plan. Valid until October 31, 2023.
TD Student Chequing Account

Get $100 when you open a new TD Student Chequing Account. Plus, get $25 when you set up a new Overdraft Protection plan on your new TD Student Chequing account. Conditions apply. Valid until October 31, 2023.
Tangerine promotions for new accounts
You can save some serious cash with a Tangerine bank promotions, which often comes with bonus money or an extra high interest rate on your savings. If you’re on the hunt for a Tangerine new account offer or a Tangerine savings account promotion, here’s what’s available now.
Tangerine No-Fee Daily Chequing Account
Sign up using promo code EARNMORE and earn up to $400 cash back and a 5.00% savings rate. Valid until July 17, 2023
Tangerine Savings Account
Sign up using promo code EARNMORE and earn up to $400 cash back and a 5.00% savings rate. Valid until July 17, 2023.
Tangerine TFSA
Sign up using promo code EARNMORE and earn up to $400 cash back and a 5.00% savings rate. Valid until July 17, 2023
Tangerine RSP
Sign up using promo code EARNMORE and earn up to $400 cash back and a 5.00% savings rate. Valid until July 17, 2023
EQ Bank promotions
EQ Bank regularly offers low fees and high savings account interest rates compared to major banks, so you won’t come across EQ Bank promotions frequently. But if you want a spending and saving account that pays 2.5% interest and comes with $0 monthly fees and $0 transactions, check out the EQ Bank Savings Plus Account.
Prepaid card offers
A prepaid credit card can be used to pay for purchases online and in store. Unlike a regular credit card, you can only spend what you’ve loaded onto the card. There are no interest payments, and often you can get cash back.
EQ Bank Card
Get 2.50% interest on your balance until you spend, then get 0.5% cash back on all purchases.
KOHO Easy Prepaid Mastercard
Refer a friend and both of you will earn $20 each once your referral makes their first purchase within 30 days of signing up. Users are able to refer up to 50 friends allowing to earn up to $1000 in referral cash bonuses.
CIBC AC Conversion Visa Prepaid Card
What to consider when comparing bank promotions in Canada
New bank account offers and bank promotions come with attractive perks, but switching accounts may not be right for you. Here are a few things to think about:
- What are the new account’s ongoing fees and features? Don’t let offers to open a new bank account distract you from an account’s ongoing fees and features. Are there fees for transactions, transfers, account maintenance or ATM usage? Is there a mobile banking app? Does the bank operate solely online or are there branches you can go to for in-person service?
- When does the new bank account offer end? Bank promotions in Canada come and go. New account offers may only last a few months. It’s good to carefully consider your options, but don’t take took long, or you might miss out on a great bonus.
- Are you satisfied with your current bank? It may worth switching banks if your current bank doesn’t offer good service or if a another bank offers better accounts and products for your needs.
- Is it easy to open a new account? It’s usually pretty easy to open a bank account online, although some banks have branches where you can get help in person.
How to get a new bank account offer and bank promotions
- Compare bank promotions. Compare rewards and bonuses for different new bank account offers. Also look at ongoing fees, features and minimum balance requirements (if any) for any accounts you’re interested in opening.
- Apply for an account. It’s easy to apply for a bank account online. Visit the bank’s website, and apply to open an account by providing information like your name, contact details, basic employment info, Social Insurance Number (SIN) and your reason for opening an account (i.e. spending, saving, investing).
- Submit proof of ID. Upload a copy of valid, government-issued ID like a driver’s license, passport or Permanent Resident card. If you don’t have photo ID, learn more about your options here.
- Start using your account. Once approved, you’ll likely have immediate access to your online account and can register for online and mobile banking. You’ll receive your debit card in the mail shortly.
- Get your new account benefits! After satisfying all the requirements of your new account offer, you’ll get your reward or bonus. Some bank promotions in Canada require a minimum deposit or several months of using direct deposit or bill payment features before you can receive a new account bonus.
Frequently asked questions about bank promotions
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