Do I need to use a referral code to get the bonus?

Yes. To get the $50 bonus you must use a Simplii referral code or link. Our link has the referral code embeded and you will see the offer terms when you click it.

Is the direct deposit bonus mandatory?

No, the $300 cash reward and $50 Skip gift card are optional. You still earn $50 just by opening an account and depositing $100.

What counts as an eligible direct deposit?

Eligible direct deposits include payroll, government payments, or pension deposits of at least $100/month for 3 consecutive months.

Yes, Simplii customers have free access to over 3,400 CIBC ATMs across Canada at no charge.

Are there any monthly fees?

No, Simplii's No Fee Chequing Account has no monthly fees and offers unlimited transactions.

How does the credit card cash back work?

After signing up for the Simplii credit card, you earn up to 20% cash back in your first 3 months on eligible gas, grocery, drugstore, and pre-authorized purchases, up to a maximum spend of $500.

Banking

Simplii Financial Referral - Get up to a $500 Bonus

Simplii Financial, backed by CIBC, offers no-fee banking with competitive rates on savings and GICs. Enjoy convenient access to CIBC ATMs across Canada. The current welcome offer gives new clients up to $500 in cash rewards spread across three tiers — a base account bonus, a direct deposit reward, and a credit card bonus.

Sign-up Bonus

$500

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How to Get This Bonus

Follow these steps to claim your reward

1
Apply OnlineOpen a No Fee Chequing Account, High Interest Savings Account, or Personal Line of Credit using our referral link
2
Deposit $100Deposit at least $100 within 6 months of opening and keep it in the account for at least 30 days to earn your $50 base bonus
3
Add Direct Deposit (Optional)Set up an eligible direct deposit of at least $100/month for 3 consecutive months to earn a $300 cash reward plus a $50 Skip gift card
4
Apply for the Credit Card (Optional)Sign up for the Simplii credit card to earn up to $100 cash back — 20% back in your first 3 months on up to $500 in eligible gas, grocery, drugstore, and pre-authorized payments

Requirements

What you need to qualify for this bonus

New Simplii Financial clients only
Must apply through a referral link
Deposit at least $100 in a No Fee Chequing or High Interest Savings Account within 6 months
Keep $100 or more in the account for at least 30 days to earn the $50 base bonus
Optional: Add eligible direct deposit of at least $100/month for 3 straight months for an additional $350
Optional: Sign up for the Simplii credit card for up to $100 in cash back

Simplii Financial Benefits

Why choose Simplii Financial

No monthly account fees
Unlimited free transactions
Free access to 3,400+ CIBC ATMs
High-interest savings accounts
CDIC insured deposits
Backed by CIBC (Big Five bank)
$50 Skip gift card with qualifying direct deposit
Up to 20% credit card cash back in first 3 months

Simplii Financial in Action

See what Simplii Financial looks like

Simplii Financial Debit

Simplii Financial Mobile App

Simplii Financial Referral

About This Referral

Simplii Financial's welcome offer of up to $500 is one of the most rewarding no-fee banking promotions in Canada. The $50 base bonus is easy to earn — simply open an account, deposit $100, and hold it for 30 days. You can stack additional rewards by adding a qualifying direct deposit ($300 cash + $50 Skip gift card) and applying for the Simplii credit card (up to $100 cash back in your first 3 months).

About Simplii Financial

Simplii Financial is the digital banking arm of CIBC, one of Canada's Big Five banks. This gives Simplii customers access to CIBC's extensive ATM network while enjoying no monthly fees. Simplii offers chequing accounts, high-interest savings, GICs, mortgages, and credit cards. All deposits are CDIC insured.

View all Simplii Financial bonuses|simplii.com

Frequently Asked Questions

Common questions about this Simplii Financial bonus

You can earn up to $500 in total: $50 for the base account bonus, $300 cash + $50 Skip gift card for adding direct deposit, and up to $100 cash back from the credit card offer.

Terms and Conditions

Important terms for this Simplii Financial referral bonus

New Simplii Financial customers only
Must apply through a referral link
Deposit $100 within 6 months and hold for 30 days to earn the $50 base bonus
Direct deposit of $100+/month for 3 consecutive months required for the $350 bonus
Credit card cash back applies to eligible purchases up to $500 in the first 3 months
One bonus per person
Simplii reserves the right to modify or cancel this offer

Terms are subject to change. Please verify current terms on the official Simplii Financial website before signing up.

Ready to claim your $500 bonus?

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