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
Simplii Financial
Up to $500
in bonuses
Bonus terms are set by Simplii Financial and may change at any time.
Simplii Financial is a digital bank backed by CIBC, so your deposits are CDIC insured even though there are no branches. It's known for no monthly fees on its main chequing account and a straightforward signup bonus. Simplii also offers a Cash Back Visa card and savings accounts, so you can stack a few different offers together if you want to earn more than the base $50.
Our review
A solid no-fee chequing account backed by CIBC, with a real signup bonus. Combine it with the Cash Back Visa and direct deposit and the total reward gets a lot bigger.
How the Simplii referral bonus works
There's no code to type in. Sign up with our link and it's tracked automatically. Here's how the $50 base bonus works, and how to stack it up to $500:
- Open a new No Fee Chequing Account through our referral link. You need to be a new Simplii client.
- Set up direct deposit and deposit a total of $100 or more within the qualifying period to unlock the base $50 bonus.
- Add a Cash Back Visa card for extra cash back on purchases, which stacks on top of the chequing bonus.
- Combine direct deposit rewards with the account and card bonuses to reach the higher end of the offer.
Simplii runs different promotions over time, and the exact numbers can change, so check the current offer details when you sign up through the link.
What you get
- Up to $500 when you combine the referral bonus with direct deposit and Cash Back Visa offers
- A no-fee chequing account with unlimited debit transactions
- CDIC deposit insurance through the CIBC backing
- A Cash Back Visa card with cash back on everyday purchases
- A high-interest savings account option
How to claim the Simplii bonus
- 1
Open our referral link
Click the button below to start your application with the referral applied. There is no code to enter. - 2
Open a No Fee Chequing Account
Apply as a new Simplii client. You will need to verify your identity as part of the application. - 3
Set up direct deposit
Route your paycheque or other regular deposits into the new account to help meet the deposit requirement. - 4
Deposit at least $100
Make sure your total deposits reach at least $100 within the qualifying window for the base bonus. - 5
Add the Cash Back Visa
Apply for the Cash Back Visa card if you want to stack extra cash back on top of the chequing bonus. - 6
Track your bonuses
Check your account statements to confirm each bonus has been credited. It can take a few weeks.
Pros
- No monthly fees on the chequing account
- CDIC insured through CIBC
- Bonuses can stack up to $500
- Unlimited debit transactions
- A real bank, not just an app
Cons
- Reaching $500 needs multiple products, not just one signup
- No physical branches
- Promotions and amounts change over time
- No code, so you must use the link
- Some perks need ongoing direct deposit
Is Simplii worth it?
If you want a real bank account with no monthly fees, yes. The base bonus alone is worth grabbing for a no-fee chequing account you'd probably want anyway. Getting to the full $500 takes more effort, since you need to add the Cash Back Visa and keep up direct deposit, so treat that number as a ceiling rather than something automatic.
If you just want the simplest possible bonus with no extra steps, the base chequing bonus alone is still a good deal on its own.
Other informational sources
If you want more details, here are some other sources of information:
Frequently asked questions
How much is the Simplii referral bonus?
Is there a Simplii referral code?
Do I need to open more than one product to get $500?
Is Simplii a real bank?
How long does it take to get the bonus?
Do the bonus amounts ever change?
Referral terms change without notice. Always confirm the current details on Simplii's site before you sign up.
