- Open a No Fee Chequing Account by January 31, 2027 and get $350 after 4 months of $100+ recurring direct deposits, set up within 150 days.
- The 5.00% savings rate lasts 153 days from the day you open the account, on up to $100,000. It's for brand-new clients who open it within 60 days of joining, by January 31, 2027.
- You don't count as a new client for the $350 if you held a Simplii product on or before March 23, 2026.
- The $300 chequing bonus, the 4.60% savings rate and the $50 Global Money Transfer bonus have ended.
I opened my Simplii account in September 2024, when the chequing bonus was $500. It's $350 now, and the offer runs until January 31, 2027.
Simplii Financial is CIBC's no-fee online bank, and it usually has a couple of offers running at once. Right now there are two, and both end on January 31, 2027.
| Offer | What you get | Deadline |
|---|---|---|
| No Fee Chequing Account | $350 | Open by January 31, 2027, 11:59pm ET |
| High Interest Savings Account | 5.00% for 153 days, on up to $100,000 | Open by January 31, 2027, within 60 days of joining |
$350 for a new chequing account
This is the headline offer, and it only takes a few steps:
- Open a No Fee Chequing Account as the primary account holder by January 31, 2027 at 11:59pm ET.
- Within 150 days, set up recurring direct deposits of at least $100 a month.
- Keep them coming for four months in a row.
It doesn't have to be your paycheque. Simplii says most recurring payroll, pension and employment insurance deposits count, and its terms also list government benefits and social assistance.
When you get paid
The $350 lands in the new account within 3 business days of your fourth qualifying month.
Who counts as a new client
This is the catch. You can't have held a Simplii product as the primary account holder on or before March 23, 2026.
Being a CIBC client is fine, since only past Simplii products count.
That rules me out, since I opened mine in 2024. 🥲
5.00% on savings for five months
The High Interest Savings Account pays 5.00% on up to $100,000 for 153 days from the day you open it. January 31, 2027 is the deadline to open, not the day the rate ends, so an account opened on January 31 keeps it until early July 2027.
On $10,000, that works out to about $210 over the 153 days. On $50,000, it's about $1,048.
In my opinion, this is the better deal of the two if you have cash sitting in a big-bank savings account.
This one is only for brand-new Simplii clients, and you have to open the savings account within 60 days of joining. Once the 153 days are up you drop to the regular rate, so check what that is before you move a big balance over.
It can't be combined with other savings promos. The $350 chequing offer can be combined with other offers, so a new client can earn both.
Is Simplii safe?
Simplii is a division of CIBC, and CDIC lists Simplii Financial as a trade name of CIBC. Your deposits are covered by CDIC the same way they would be at CIBC.
If you bank at both, keep in mind that they're the same member institution. Your Simplii and CIBC deposits share one CDIC limit in each category.
Past Simplii offers
Simplii's offers change slowly, but they do change. I'll add each new one here.
| Dates | Offer | Details |
|---|---|---|
| Nov 1, 2026 to Jan 31, 2027 | 5.00% savings | 153 days, up to $100,000 |
| Oct 1, 2026 to Jan 31, 2027 | $350, No Fee Chequing Account | $100+ a month of direct deposit, 4 months |
| Dec 18, 2024 to Sep 30, 2026 | $300, No Fee Chequing Account | $100+ a month of direct deposit, 3 months |
| Sep 3, 2025 to Sep 30, 2026 | + $50 Skip gift card | Same direct deposit rule |
| Nov 1, 2025 to Oct 31, 2026 | $50 on your first Global Money Transfer | Code GMTEVENT |
| Aug 1 to Oct 31, 2026 | 4.60% savings | 153 days, up to $200,000 |
| Aug 6 to Oct 31, 2024 | $500, No Fee Chequing Account | $100+ a month of direct deposit, 3 months |
| Aug 1 to Oct 31, 2024 | 6.25% savings | 153 days, up to $1,000,000 |
The welcome cash went from $500 in 2024 down to $300, and it's back up to $350 now, with a fourth month of direct deposit. The savings promo went from 6.25% to 4.60%, and it's 5.00% now on up to $100,000.
Is it worth it?
For $100 a month of direct deposit, $350 is one of the easier bank bonuses in Canada. It just takes four months now instead of three.
If I were new to Simplii, I'd do both: the chequing account for the $350, and the savings account if I had a balance to park for five months. And if you've had a Simplii account before, check the March 23, 2026 date before you get your hopes up.
Have you opened a Simplii account for one of these offers? Let me know in the comments how long the bonus took to show up.
Checked Nov 2, 2026 · Sources: Simplii Financial: Special offers · Simplii Financial: No Fee Chequing Account · Simplii Financial: High Interest Savings Account · Simplii Financial: $350 No Fee Chequing Account offer and terms · Simplii Financial: High Interest Savings Account offer and terms · CDIC: List of member institutions
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