Simplii Financial Simplii Financial: Get $200.00 When You Open a No Fee Chequing Account Get $200 with a No Fee Chequing Account!

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Treat yourself to a spring bonus with this offer from Simplii Financial, because you can get $200.00 when you open a new No Fee Chequing Account!

This offer is only available to new Simplii Financial clients who open a No Fee Chequing Account before July 31. After opening, you'll need to complete one of two additional steps to qualify for the $200.00 bonus.

  • Set up an eligible payroll or pension deposit and receive two deposits of $10.00 or more
  • Set up and complete two different automatic bill payments of $10.00 or more for at least two months

You only need to complete one of the additional options to qualify and it must be completed within 90 days of opening the account.

The Simplii Financial No Fee Chequing Account offers free daily banking with unlimited debit purchases, bill payments, withdrawals and Interac e-Transfers. Plus, Simplii customers have free access to the CIBC network of over 3400 ATMs across Canada.

This offer is available to new Simplii Financial customers until July 31, 2019 -- click or tap the Legal pane on the website footer to view a list of qualifying bill payments and the complete terms of this offer.

294 Comments

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    • All qualifying Eligible Customers will receive the cash reward into an Eligible Account that is active and in good standing, in the 4th month following the month the first Eligible Account was opened.
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    • Whats their definition of a bill payment?
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    • RFDQ1016 wrote:
      Apr 2nd, 2019 6:51 pm
      Whats their definition of a bill payment?
      The following are eligible Automatic Bill Payments:

      a) Utility bills

      b) Monthly payment lines, loans, mortgages, insurance, credit cards

      c) Lease/rent

      d) Membership fees

      e) Property tax

      f) Income tax

      g) Childcare fees
    • Report Post
    • tablo13 wrote:
      Apr 2nd, 2019 6:57 pm
      The following are eligible Automatic Bill Payments:
      But what's an automatic bill payment? Is it a bill payment (the one where you search up a payee and enter an account number) that you schedule on their website, or is it pre authorized debit?
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    • Ugh, they require you to mail in/fax copies of utility bills with your home address...even if you are already a customer with a Savings account.
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    • Hard check? If so how many points approx?
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    • pooper wrote:
      Apr 2nd, 2019 7:28 pm
      Hard check? If so how many points approx?
      96
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    • I started a Simplii account a couple weeks ago. Damn it. :(
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    • lefroset wrote:
      Apr 2nd, 2019 7:43 pm
      96
      Your score must be just peachy then...
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    • tablo13 wrote:
      Apr 2nd, 2019 6:57 pm
      The following are eligible Automatic Bill Payments:

      a) Utility bills

      b) Monthly payment lines, loans, mortgages, insurance, credit cards

      c) Lease/rent

      d) Membership fees

      e) Property tax

      f) Income tax

      g) Childcare fees
      So based on this they can disqualify EQ and Tangerine debits.
    • Report Post
    • pooper wrote:
      Apr 2nd, 2019 7:28 pm
      Hard check? If so how many points approx?
      i laugh everytime someone says "how many points?" ..... it doesn't work like that. it depends on each individual and their credit history. some may lose 4 and some may lose 100 points or more.
    • Report Post
    • If I’m getting this right, one recurring direct deposit must happen two time with the value of it to be more than $10 before the $200 is paid out? They don’t care what direct deposit it is right?
    • Report Post
    • Misleading title. Doesn't specify that opening an account is not enough.
    • Report Post
    • cardero wrote:
      Apr 2nd, 2019 7:26 pm
      Ugh, they require you to mail in/fax copies of utility bills with your home address...even if you are already a customer with a Savings account.
      FYI, I just called and asked if they could waive the submission of docs requirement to establish the chequing account as an existing customer, and the rep said that she will pass the request onto the back office team as the requirement was auto generated without first seeing if the applicant was already a customer. So there is hope.
    • Report Post
    • demzie wrote:
      Apr 2nd, 2019 8:39 pm
      i laugh everytime someone says "how many points?" ..... it doesn't work like that. it depends on each individual and their credit history. some may lose 4 and some may lose 100 points or more.
      Not at all.
      If it is a hard check, there is an average hit mark for this application. I don't care about bad credit Joe.
      first google lookup wrote: When you apply for a checking account, the bank might look at your credit report. Typically, it only does a soft inquiry, which has no effect on your credit score. On occasion, however, a hard inquiry is used; while this can negatively affect your score, it is usually by no more than five points.
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    • pooper wrote:
      Apr 2nd, 2019 9:38 pm
      Not at all.
      If it is a hard check, there is an average hit mark for this application. I don't care about bad credit Joe.
      I've seen credit drop more than 40 points for these applications. I used to work at a bank. Like j said.,..depends on the individual and their credit history. Someone who just started their credit and managed to get to 750 within their first year....I bet they drop ateast 20 points for this account hard check.
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    • Why do they do a hard credit check for a banking account which shouldnt involve credit?
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    • Diafel wrote:
      Apr 2nd, 2019 11:13 pm
      Why do they do a hard credit check for a banking account which shouldnt involve credit?
      Could be because they are running your credit for overdraft, which you could apply to since your already getting a hard credit check.

      But I personally don’t understand the mandatory credit check anyway. They just want it for some reason.
    • Report Post
    • My payroll deposit is only $9, I guess I am not eligible for this promo.
    • Report Post

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