Simplii Financial Promotions: $350 Chequing Bonus & More (Canada) – Ends 3/31/23

Find an updated list of Simplii Financial promotions, bonuses, and offers here.

Simplii Financial (simplii.com) is a direct and digital bank that serves to residents in Canada. Simplii makes it easier for users to save and manage money virtually.

Simplii Financial Promotions

Simplii Financial Bonus: $350 Chequing Account Offer

Currently, Simplii Financial is offering a promotion where you can earn a $350 bonus when you open a new qualifying checking account and complete certain requirements.

• What you’ll get: $350
• Where it’s available: Canada (excluding Quebec)
• How to earn it: Simply, open a No Fee Chequing Account and add an eligible direct deposit of at least $100 a month for 3 straight months. (see what works)
• Monthly fees: The No Fee Chequing Account has no monthly fee.

(Offer expires 03/31/2023)

Fine Print

• Eligibility:
  • This Offer is open only to Canadian residents who:
    • (i) have reached the age of majority in their province of residence; and
    • (ii) have no prior banking relationship with Simplii Financial prior to the beginning of the Offer Period.
  • This Offer can be combined with all other offers unless otherwise indicated.
  • Individuals who meet the foregoing eligibility requirements and otherwise comply with these Terms are referred to as “Eligible Client(s)”.
• Offer Requirements:
  • To qualify for the Offer and receive the Cash Reward, an Eligible Client must:
    • (i) open a New Account as the primary account holder during the Offer Period;
    • (ii) 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; and
    • (iii) have such Eligible Recurring Direct Deposit(s) credited to the New Account for at least three (3) consecutive months within the above 120-day time period.
  • “Eligible Recurring Direct Deposits”: Most automated and recurring direct deposits are eligible. Examples of common recurring direct deposits include: payroll, pension direct deposits, old age security, disability payments, and governmental deposits, such as employment insurance.
• Payment of Cash Reward:
  • If an Eligible Client qualifies to receive the Cash Reward, 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. For example, a qualifying Eligible Client who opened a New Account in February 2022 will receive the Cash Reward in July 2022.
  • If a qualifying Eligible Client has more than one New Account that is active and in good standing at the time the Cash Reward is to be deposited, the Cash Reward will be paid into the New Account with the most recent transaction date, regardless of whether any of the accounts are joint accounts.

Simplii Financial: High Interest Savings Account (HISA) Promo

No-fee daily banking that’s simple and straightforward with great rates. No matter what you’re saving for, it’s easier with Simplii.

(Visit Simplii to learn more)

Product Highlights

• No monthly or transaction fees
• Great rates on every dollar
• No minimum balance needed
• Complete digital signup
• Easily set up automatic deposits
• Pre-authorized Bill Payments
• Account to Account Transfers

Simplii Financial: Cash Back Visa Card

Simplii Financial: Cash Back Visa Card

If you are looking to earn cash back with no annual fee, consider signing up for the Simplii Financial Cash Back Visa Card. 

(No Expiration Date Listed)

Product Highlights

• 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.
• Benefits
  • Great rewards – Get Canada’s richest cash back no fee card for eating out. Dine at restaurants, fill your gas tank, buy groceries — there’s no limit to the total cash back you can earn.
  • No annual fee – Get all the benefits of the Simplii Financial™ Cash Back Visa Card with no annual fee.
  • Additional cardholders – Add up to 3 additional cardholders and earn cash back faster. Don’t worry, you can set spending limits.
• Coverage
  • Purchase Security and Extended Protection Insurance (included)
  • CIBC Payment Protector™ Insurance for Credit Cards (optional extra)
  • CIBC Travel Medical Insurance (optional extra)

Bottom Line

The current promotion from Simplii Financial is great for those who qualify! If you are interested, I would visit a local branch to see if you qualify for this promotion.

Compare this offer with the best bank bonuses here.