Simplii Financial Referral Code: Get Up to $500 in Bonuses

Simplii Financial is the digital banking division of CIBC, so it's backed by one of Canada's major banks but runs with no branches and, on its everyday accounts, no monthly fees. You can open a No Fee Chequing Account, a High Interest Savings Account, a Personal Line of Credit, or a Cash Back Visa Card. Deposits are protected through CDIC, the same insurance that covers CIBC.

How the Simplii referral bonus works

There's no code to type in. The referral is applied through our link, so use it when you open your account. Here's what you need to do to get the base $50 referral bonus:

• Be a new Simplii client who is a Canadian resident and has reached the age of majority in your province or territory.
• Use our referral link to open a No Fee Chequing Account, High Interest Savings Account, or Cash Back Visa Card.
• If you open a chequing or savings account: deposit at least $100 within 6 months, and keep at least $100 in it for 30 days in a row.
• If you open the Cash Back Visa instead: use or spend at least $100 on it within 6 months.

Simplii pays the $50 into your new account once you meet the requirements.

How to get up to $500

The $50 referral bonus is only the start. Simplii's current offer stacks two more bonuses on top of it:

• $350 in value with a No Fee Chequing Account. That's a $300 cash reward plus a $50 Skip gift card, for setting up an eligible direct deposit, like your payroll, pension or employment insurance, of at least $100 a month for 3 straight months.
• Up to $100 with a Cash Back Visa Card. Earn up to 20% cash back in your first 3 months on up to $500 of eligible gas, grocery and drugstore purchases and pre-authorized payments.

Combine all three and you're looking at up to $500. These are separate offers with their own terms, so the amounts and requirements can change. Check Simplii's current offers page when you sign up to see exactly what's running.

What you get

• A $50 referral bonus with light requirements
• Up to $500 total when you combine the referral bonus, the chequing account direct deposit offer, and the Cash Back Visa offer
• No monthly fees on the chequing and savings accounts
• CDIC deposit insurance, backed by CIBC
• Competitive interest rates on savings, which change from time to time

Is Simplii worth it?

If you want a no-fee bank account from a name you already trust, yes. CIBC backs it, deposits are insured, and the base referral bonus is easy to earn. If you're also planning to move your direct deposit and use a Cash Back Visa for everyday spending, the total adds up fast.

Treat the $100 referral deposit as parked money for a month rather than spending cash. If you want the $350 chequing bonus, make sure your direct deposit is something steady, like your paycheque, since it needs to land for 3 months in a row. Read the current terms for each offer before you sign up, since Simplii can change them.

Other informational sources

If you want more details, here are some other sources of information:

Simplii Referral Code Thread | Simplii Referral Code Website

Referral terms change without notice. Always confirm the current details on Simplii's site before you sign up.