Up to $450 Bonus for signing up
About SImplii Financial
Simplii Financial is a full-service online bank that started operating in Canada in November 2017. It is owned by CIBC, one of the largest banks in the country.
The bank now serves more than 2 million clients and is recognized as one of the World’s Best Banks in Canada by Forbes – among several other awards.
Overall, Simplii is one of the best online banks in Canada if you’re looking for an online bank that handles all your financial needs.
Simplii Financial is one of Canada’s leading digital banks. The company was founded in 2017 when it changed its name from PC Financial. It is currently owned by CIBC.
In 2019, Forbes Magazine ranked Simplii Financial as one of the best banks in the world and listed it as the third largest bank in Canada.
As a bank that only provides online services, Simplii Financial does not have a physical office.
Simplii Financial’s products and services include accounts (free checking accounts and high-interest savings accounts), credit cards, mortgages, loans, banking services, and RRSP savings accounts, GICs, tax-free savings accounts, and mutual fund accounts.
Simplii $50 Bonus
New Simplii customers get a $50 bonus when they open an account using our Simplii referral code or sign up button below.
The four accounts that qualify for the welcome bonus are:
- No Fee Chequing Account
- High-Interest Savings Account
- Personal Line of Credit
- Cash Back Visa Card
After opening any of the accounts mentioned above, you qualify by taking the following steps:
No Fee Chequing Account: Deposit at least $100 in your account within 6 months of opening it and maintain a minimum balance of $100 for at least 30 days.
High-Interest Savings Account: Deposit $100 or more and keep a minimum balance of $100 for 30 days or longer.
Cash Back Visa Card: Spend at least $100 within 6 months of getting the card.
Personal Line of Credit: Use at least $100 from your credit limit within 6 months of getting approved.
After meeting the eligibility requirements, your $50 cash reward is paid out within 15 business days.
Other Informational Sources
If you want more details, here are a other sources of information:
Simplii Referral Code Thread | Simplii Referral Code Website
How do you get an extra $400 from Simplii?
New clients who open a Simplii Chequing account get a $400 bonus when they add a direct deposit of $100 to their account for 3 consecutive months.
Your direct deposit payments can be from your employer (paycheque) or a pension payment from the government.
In total, you can earn up to $450 through this Simplii promotion.
Frequently Asked Questions
How much is the Simplii referral bonus?
The Simplii referral bonus amount $50. However Simplii also runs additional promotions for new chequing accounts with larger welcome bonuses. See the sign up link for the current offers
How long does it take to receive the Simplii referral bonus?
The Simplii referral bonus is typically paid within one month after all the referral requirements have been completed, such as funding the account or setting up direct deposit.
Who is eligible for the Simplii referral program?
The Simplii referral program is usually only available to new Simplii customers who have never had a Simplii account before.
Simplii
Summary
Simplii Financial is a popular online bank in Canada known for no‑fee banking and straightforward digital services. With no monthly fees on chequing accounts, free e‑Transfers, and easy mobile banking, Simplii offers a simple and cost‑effective way to manage your money. New customers can often earn a cash bonus when signing up with a referral code and meeting eligible direct deposit requirements. Whether you’re switching from a traditional bank or opening your first account, Simplii’s streamlined platform and referral bonuses make it a great choice for everyday banking.