Banking
Banking referral bonuses in Canada
Banks and fintech apps pay new customers to switch, and a referral bonus is usually the easiest money on the table. The catch is that every offer has its own hoops. One wants a $250 deposit, another wants direct deposit, another wants a first purchase within 30 days.
Here's every banking offer we track in one table, so you can see what each one actually asks of you before you sign up.
Banking offers compared
| Offer | Bonus | What you need to do | Code |
|---|---|---|---|
| Simplii Financial | Up to $500in bonuses | Open chequing and deposit $100 by direct deposit | Link only |
| Tangerine | $50cash bonus | Open an account and deposit $250 | 23682439S1 |
| KOHO | $40cash bonus | Spend $20 within 30 days | KOHOBONUS40 |
| Neo Financial | Up to $35cash bonus | Get approved for the card ($25) and deposit $50 in Neo Money ($10) | E6B8C9Y7 |
| Brim Financial | $10in points | Get approved and make a first purchase | 19538 |
Bonus terms are set by each company and can change at any time. Check the details on each offer page.
Before you sign up
Check how your money is protected
Tangerine and Simplii are backed by Scotiabank and CIBC, so deposits are CDIC insured the usual way. Fintechs like KOHO and Neo aren't banks. They hold your money in trust at CDIC member institutions instead, which still protects eligible deposits but works a little differently.
Credit card bonuses need approval
Neo's card bonus and the Brim bonus only pay out if you're approved, and approval depends on your credit history.
Most bonuses are one per person
These offers are for new customers. If you've had an account before, even years ago, you usually won't qualify.
All banking offers
Banking
Up to $500 in bonuses
Simplii Financial Referral Code: Earn Up To $500
Use our Simplii referral code to earn up to $500 by combining the $50 sign up bonus, direct deposit rewards, and Cash Back Visa offers.
Banking
$50 cash bonus
Tangerine Orange Key: Get a $50 Sign Up Bonus
Use our Tangerine Orange Key 23682439S1 to get a $50 cash bonus when you open an account and deposit $250. Here's how it works and whether it's worth it.
Banking
$40 cash bonus
KOHO Referral Code: Get an Exclusive $40 Sign Up Bonus
Use our exclusive KOHO referral code to get a $40 cash bonus after your first $20 purchase. Here's how it works and whether KOHO is worth it.
Banking
Up to $35 cash bonus
Neo Financial Referral Code: Get Up to a $35 Sign Up Bonus
Use our Neo Financial referral code to get up to $35 in bonuses: $25 for a Neo credit card and $10 for a Neo Money account. Here's whether Neo is worth it.
Banking
$10 in points
Brim Financial Referral Code: Get a $10 Sign Up Bonus
Use our Brim Financial referral code 19538 to get $10 in points after your first purchase. Here's how it works and whether the Brim Mastercard is worth it.