- Open a No Fee Chequing Account by September 30, 2026 and get $300 plus a $50 Skip gift card after 3 months of $100+ recurring direct deposits.
- The 4.60% savings rate lasts 153 days from the day you open the account, on up to $200,000. Open it by October 31, 2026.
- Promo code GMTEVENT gives $50 back on your first Global Money Transfer, South Korea included, until October 31, 2026.
- You don't count as a new client if you held a Simplii product on or before June 18, 2024.
I opened my Simplii account in September 2024, when the chequing bonus was $500. It's $300 now, plus a $50 Skip gift card, and that offer ends on September 30, 2026.
Simplii Financial is CIBC's no-fee online bank, and it usually has a couple of offers running at once. Right now there are three, and they don't end on the same day.
| Offer | What you get | Deadline |
|---|---|---|
| No Fee Chequing Account | $300 + a $50 Skip gift card | Open by September 30, 2026, 11:59pm ET |
| High Interest Savings Account | 4.60% for 153 days, on up to $200,000 | Open by October 31, 2026 |
| First Global Money Transfer | $50 back with code GMTEVENT | October 31, 2026 |
$300 and a $50 Skip gift card for a new chequing account
This is the headline offer, and it only takes a few steps:
- Open a No Fee Chequing Account by September 30, 2026 at 11:59pm ET.
- Within 120 days, set up recurring direct deposits of at least $100 a month.
- Keep them coming for three months in a row.
It doesn't have to be your paycheque. Simplii says most automated, recurring direct deposits count, including payroll, pensions, OAS and EI, and it suggests checking with a Simplii rep if yours is something else.
When you get paid
The $300 lands in the new account within 3 business days of your third qualifying month. The Skip card comes by email by the end of the following month, and you have to keep the account open for at least a year to keep it.
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 June 18, 2024 (March 1, 2025 for the Skip card).
Being a CIBC client is fine, since only past Simplii products count.
That rules me out, since I opened mine in 2024. 🥲
4.60% on savings for five months
The High Interest Savings Account pays 4.60% on up to $200,000 for 153 days from the day you open it. October 31, 2026 is the deadline to open, not the day the rate ends, so an account opened on October 31 keeps it until about April 1, 2027.
On $10,000, that works out to about $193 over the 153 days. On $50,000, it's about $964.
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 for new clients, or clients in their first 60 days with Simplii. 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 $300 chequing offer can be combined with other offers, so a new client can earn both.
$50 on your first Global Money Transfer
Simplii's Global Money Transfer sends money abroad with no transfer fee, and South Korea is on the list. Use promo code GMTEVENT on your first one before October 31, 2026, and Simplii credits $50 to your account within six weeks.
No transfer fee doesn't mean free.
Simplii's margin is built into its exchange rate, and it doesn't publish its rates, so compare the rate in the app with what Wise or your bank would give you before you send a large amount.
The minimum is $100 per transfer. The terms say "first" transfer, not new clients only, so if you've had Simplii for years and never sent one, it looks like you qualify too.
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 |
|---|---|---|
| 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 has come down from $500 to $300, and the savings promo from 6.25% to 4.60%. The direct deposit rule hasn't changed since 2024.
Is it worth it?
For $100 a month of direct deposit, $300 is one of the easier bank bonuses in Canada. The Skip card is a small extra, but it ties you to the account for a year.
If I were new to Simplii, I'd do both: the chequing account for the $300, 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 June 18, 2024 date before you get your hopes up.
The transfer bonus is the one to watch if you send money home. $50 back on a first transfer is nice, but only if the rate holds 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.
See Simplii's current offers
The offers and their full terms are on Simplii's site.
Written by
Jason
Jason is a Toronto-based points-and-miles writer who sleeps in hostels and redeems for suites — honest, frugal, lightly funny.
