2026 Simplii Financial Promotions: $550 Bonus & 6.25% Interest Referral Code

Simplii Financial has one of the best bank promotions available to new clients from any of the Canadian banks.

This post covers the current offers and promotions available at Simplii Financial. You’ll learn how to earn up to $50 as a new client and an extra $400 for the No fee chequing account.

Simplii Referral Promotion: $50

New Simplii Financial clients gets a welcome bonus of between $50 and $100 depending on the product they choose.

Clients that open a Simplii High Interest Savings Account (HISA), No Fee Chequing Account, Cash Back Visa Card or Personal Line of Credit get a bonus of $50.

To get the bonus, sign-up with a Simplii referral link and deposit a minimum of $100 within 6 months of opening the HISA or chequing account and hold it for at least 30 days.

Also, those that get a mortgage earn a bonus of $100 using a Simplii referral code like this one “0009113871”. To qualify, just provide the code to your mortgage specialist and get the mortgage funded within 120 days of applying for it.

In addition, you can make some extra cash of between $50 and $500 for referring your friends to Simplii.

You’ll both get $50 when they open any of the deposit accounts, personal line of credit or cash back Visa Card.

Or $500 when they get a funded mortgage. Simply log into your online banking to retrieve your unique Simplii referral code or link.

Learn more about the Simplii Refer a friend promotion in the linked post.

Simplii Promotion: Chequing Account – $500

Simplii will pay you a bonus of $500 if you open the Simplii No fee chequing account and setup a direct deposit for 3 straight months.

The direct deposit must be a minimum of $100. Eligible deposits include your payroll, pension, government benefit payments like GST/HST credit, CCB and so on.

By taking advantage of this Simplii promo, you can earn up to a total of $500 as a new client of Simplii.

Here are some of the key features of the Simplii No Fee Chequing Account:

• Zero minimum balance requirement
• Zero monthly and transaction fees
• Free access to all CIBC ATMs
• Free Unlimited Interac e-Transfers
• Unlimited debit purchases including bill payments and withdrawals

Related: Simplii No-Fee Chequing Account Review

Simplii Promotional Interest Rate: 6.25%

For a limited time, new Simplii clients get a promotional interest rate on the high interest saving account of 3.90%.

There are no special requirements to qualify for the promo rate. The special rate is automatically applied to your deposits of up to $500,000.

But note that after the promotional period, the savings interest rate drops to 0.30% to 1.75%.

With the Simplii High Interest Savings Account, you get an account with no monthly or transaction fees and no minimum balance.

Simplii Credit Card Promotion

The Simplii Financial cash back Visa Card promotion offers some great rewards to new clients.

With the Simplicity Cash Back Visa Card, you can get up to $150 value within your first 4 months on getting the card. Here is a breakdown of how you can get the bonus:

• 10% bonus cash back on eligible food take out and delivery for the first 4 months and on up to $500 of your purchases.
• Spend up to 2,000 within your first 3 months and get a statement credit of $50 or spend $1,000 and get a statement credit of $25.

Some of the features of the Simplii Cash Back Visa Card include:

• Low annual household income of $15,000
• Option to add up to 3 extra cardholders
• $0 annual fee for the primary and additional cardholders
• 1.5% cash back on eligible groceries, gas, drugstore purchases and pre-authorised payments (capped at $15,000 per year)
• Purchase Security & Extended Protection Insurance coverage plus optional medical insurance coverage
• 4% cash back on qualified bar, restaurant and coffee shop purchases ($5,000 per year)

About Simplii Financial

Simplii Financial is an online banking arm of CIBC, one of the largest banks in the country. It is a full-service online bank that started operating in Canada in November 2017.

The bank is recognized as one of the World’s Best Banks in Canada by Forbes and now serves more than 2 million clients.

Simplii Financial offers all the financial products and services you need to manage your money.

These include deposit account, credit card, personal lines of credit, mortgage, investments and more.

Learn more: Simplii Financial Review

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Simplii Promotions Vs Other Banks

If you’re looking to open an account at other banks, here are some other bank promotions to consider:

Tangerine Promotions

The current Tangerine promotions is available to new clients that sign up within the offer period.

With the promo, they get:

• Promotional savings rate of 4.50% for the first 5 months
• Cash bonus of $250 for moving your paycheque for two straight months of account opening.

The promotional savings rate applies to deposits up to $1,000,000 and the direct deposit must be received for 3 consecutive months to qualify for the cash bonus.

And if you apply for the Tangerine World Mastercard, you’ll get a cash back rate of 10% on up to $1,000 purchases within the first 2 months.

In addition, you will earn 2% on any 3 categories of your choice. No limit on the purchases.

EQ Bank Promotions

With a savings rate of 1.50%, EQ Bank has one of the overall best high interest savings account rates in Canada.

And the best part is, the rate is non-promotional. So you don’t have to worry about it dropping after a few months.

In addition, you can get a $20 bonus though the EQ Bank refer a friend promo.

Learn more: EQ Bank vs Simplii Financial

Other Promotions

• Koho: $20 bonus after your first purchase with the Free Koho prepaid card. Learn more about Koho in this Koho Review
• Wealthsimple Cash: $1 bonus for new users that sign up using a referral link. An overview of its offering is covered in this Wealthsimple Cash Review. The Wealthsimple Cash sign-up bonus is no longer available.

Simplii Promotions FAQs