Find the latest Simplii Financial promotions, bonuses and offers here.
Right now you can earn a $350 bonus when you open a new chequing account.
Simplii Financial Promotions Review
Simplii Financia is helping their customers by making banking simple and easy with their no-fee daily banking and high interest savings rates. Moreover, you get access to online, mobile and telephone banking, plus free access to over 3,400 CIBC ATMs across Canada.
I’ll go over Simplii Financial offers below.
Simplii Financial Bonus: $350 Chequing Account Offer
What you’ll get: $350 bonus
- Where it’s available: Canada (Bank Locator)
- Direct deposit requirement: Yes, $100 for 3 months
- Credit Inquiry: Soft Pull or Hard Pull?
- Monthly fees: None
- Early Termination Fee: None listed, check with CSR for more information.
- How to earn it:
- To qualify for the offer:
- Open a New Account as the primary account holder during the promotional period and meet the following requirements:
- Within 120 days from the date the New Account is opened, set up one or more Eligible Recurring Direct Deposits totaling at least $100 of deposits per month into the New Account
- Have such Eligible Recurring Direct Deposit(s) credited to the New Account for at least three consecutive months within the above 120-day time period.
- The Cash Reward will be directly deposited to the New Account (which must remain active and in good standing at the time the Cash Reward is deposited) in the fifth month following the month the New Account is opened
- Open a New Account as the primary account holder during the promotional period and meet the following requirements:
- To qualify for the offer:
(Offer expires 03/31/2023)
Truist Checking ($400 bonus) | Chase Total Checking ($300 Bonus) |
SoFi Checking and Savings Account ($325 Bonus) | KeyBank Checking ($300 bonus) |
Fine Print
- The Simplii Financial™ No Fee Chequing Account $350 offer (the “Offer”) begins on February 1, 2022 at 12:01 am ET and ends on October 31, 2022 at 11:59 pm ET (the “Offer Period”).
- The Offer consists of a $350 cash reward (the “Cash Reward”) to qualifying primary account holders for opening and using a new Simplii Financial™ No Fee Chequing Account (the “New Account”) and complying with the following requirements.
Simplii Financial: High Interest Savings Account (HISA) Promo
What you’ll get: 4.75% APY
- Where it’s available: Canada
- How to earn it:
- Earn 4.75% interest on your savings:
- Open an account and get a special interest rate for deposits up to $1,000,000.
Limits apply. - Promotional period from June 1st, 2022 to October 31st, 2022.
- Open an account and get a special interest rate for deposits up to $1,000,000.
- Earn 4.75% interest on your savings:
- When it expires: 10/31/2022
Annual Interest Rate | Annual Fee | Requirements |
Daily Balance: 0.10% | $0 | N/A |
(Offer expires October 31, 2022)
Western Alliance Bank High-Yield Savings Premier (4.30% APY) | Live Oak Bank Savings ($300 Bonus + 4.20% APY) |
SoFi Checking & Savings ($325 Bonus + 3.80% APY) | Harborstone Credit Union Money Market (4.55% APY) |
Fine Print
- This HISA Offer begins on June 1, 2022 and ends on October 31, 2022 (the “Offer Period”).
- To be eligible for this HISA Offer, you must have no prior relationship with Simplii Financial before the beginning of the Offer Period (a “New Simplii Client”).
- For joint HISAs, the HISA may be eligible to earn promotional interest if the primary accountholder is a New Simplii Client.
- If you are a New Simplii Client and you open a HISA during the Offer Period as the primary accountholder, you may be eligible to earn promotional interest from the date your HISA is opened until October 31, 2022 (subject to certain restrictions; see below) (“Eligible HISA”).
- Eligible HISAs are automatically enrolled in the HISA Offer. New Simplii Clients may open more than one Eligible HISA during the Offer Period.
Simplii Financial: Cash Back Visa Card
-
What you’ll get: Up to 4% cash back on eligible purchases
- Earn 4% cash back on eligible restaurant, bar and coffee shop purchases, up to $5,000 per year– after that 0.5% unlimited.
- Earn 1.5% cash back on eligible gas, groceries, drugstore purchases and pre-authorized payments, up to $15,000 per year – after that 0.5% unlimited.
- Earn 0.5% cash back on all other credit card purchases with no limit on how much you earn.
- Where it’s available: Canada
- What are the benefits:
- Rewards: Earn cash back no fee card for eating out. You can dine at restaurants, fill your gas tank, buy groceries — there’s no limit to the total cash back you can earn.
- No annual fee: Don’t have to worry about annual fee with this card.
- Additional cardholders: You can add up to 3 additional cardholders and you can earn cash back faster.
- What are the coverage:
- Purchase Security and Extended Protection Insurance (included)
- CIBC Payment Protector™ Insurance for Credit Cards (optional extra)
- CIBC Travel Medical Insurance (optional extra)
Purchase Interest rate | Cash Interest rate | Grace Period | Intro Offer | Annual Fee | Min Annual household income |
19.99% | 22.99% | 21 day interest- free grace period on new Purchases | Get 9.99% introductory annual interest on purchases for the first 6 months Welcome offer: For your first 4 months, enjoy 10% bonus cash back at restaurants and bars up to $500 spend. | $0 | $15,000 |
(Visit to learn more)
How to Avoid Simplii Financial Monthly Fees
Chequing: No Fee Chequing Account has no monthly fee.
Author’s Verdict
Canadian residents can take advantage of Simplii Financial has some of the best promotions, bonuses, and offers.
For more current offers, check out our bank bonuses page. Compare Simplii Financial rates for CDs and Savings with our best rates for Savings and CD accounts.
Be sure to check more popular bank promotions include Chase Bank, Bank of America, Citi, Discover Bank, CIT Bank, TD Bank, Huntington Bank, HSBC Bank, Wells Fargo and many more.
PROMOTIONAL LINK | OFFER | REVIEW |
HSBC Premier Checking & Savings Member FDIC | Up to $3,000 Cash | Review |
Chase Private Client | $3,000 Cash | Review |
U.S. Bank Business Checking | $900 Cash | Review |
Chase Business Complete Checking® | $300 or $500 Cash | Review |
KeyBank Key Smart Checking® | $300 Cash | Review |
Truist One Checking | $400 Cash | Review |
Chase Total Checking® | $300 Cash | Review |
Chase College CheckingSM | $100 Cash | Review |
J.P. Morgan Self-Directed Investing | Up to $700 Cash | Review |
Chase Secure BankingSM | $100 Cash | Review |
SoFi Checking and Savings Account | $325 Cash | Review |
Huntington Bank Unlimited Plus Business Checking | $1,000 Cash | Review |
Huntington Bank Unlimited Business Checking | $400 Cash | Review |
Huntington Bank Business Checking 100 | $100 Cash | Review |
Fifth Third Bank Checking | $400 Cash | Review |
Axos Basic Business Checking | $400 Cash | Review |
Axos Business Interest Checking | $400 Cash | Review |
Axos Bank Business Premium Savings | $375 Cash | Review |
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