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

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Get some extra money for impromptu shopping sprees from Simplii Financial, because you can get up to $200.00 when opening a new No Fee Chequing Account!

To get started, simply open a No Fee Chequing Account before October 31. Next, you'll need to complete two additional steps to qualify for the full $200.00 bonus.

  • Get $125.00 when you set up a payroll or pension direct deposit and receive two deposits of $10.00 or more
  • Get $75.00 when you set up and complete Automatic Bill Payments to two different recipients of $4.00 or more, for at least two months

Both additional steps must be completed within 90 days of opening the account to qualify for the bonuses.

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 or eligible Simplii Financial clients until October 31 -- 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.

39 Comments

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    • Interesting, this is available for existing customers as well.

      But that other thread is scaring me into even trying...

      Can anyone else weigh in on their experience?
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    • Hopefully it'll be available to people of Quebec in the future...
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    • Called in and had the lady put a note on my account (I'm an existing customer since PCF days), she confirmed I was eligible.

      Interesting thing about this promo (that I pointed out and she confirmed), there's no actual explicit time duration to fulfill the activities. You only need to have 2x payroll deposits (most people are paid biweekly so this takes ~1 month), + 2x PAP to 2 separate bills, pulled automatically from your account (so just set up a daily recurring transaction for a CC payment, for example).

      Let's see what happens, money doesn't get deposited until January 2020 so... who knows. :rolleyes:
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    • Existing customers is interesting.
      Several of their promos i did but they screwed up and had to call to get the money. The last time they told me you never were eligible but we are doing this as goodwill... bs
      Also what counts as bill payments seems to vary depending on who you talk to.
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    • I did a variant of this promo that was floated last year, and after completing the conditions, I received the $200 in my account, no questions asked.
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    • Should close my simplii so I can churn this every year.
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    • Leverage wrote:
      Aug 1st, 2019 4:07 pm
      Going to quote my own post from the most recent Simplii promo thread - if you skip to the last pages of that thread there's tons of new people who have experienced the same. This "free $200" is going to cost you hours and frustration.
      Simplii is BS. I signed up a year ago for an account and never got my welcome package in the mail.

      I saw this same promo to get free $200 or something a few months back and decided to try again to open an account. I do it online and don't hear back from them. So I call in and speak to a rep and they apparently don't have my file in their system so I have to do the whole process again on the phone. IDK what happened to my online sign up info, Lady said I will get a welcome package in the mail. To this day I'm still waiting for the welcome package. I'm so pissed with Simplii that I don't even want to try again.
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    • radeonboy wrote:
      Aug 3rd, 2019 12:17 am
      Simplii is BS. I signed up a year ago for an account and never got my welcome package in the mail.

      I saw this same promo to get free $200 or something a few months back and decided to try again to open an account. I do it online and don't hear back from them. So I call in and speak to a rep and they apparently don't have my file in their system so I have to do the whole process again on the phone. IDK what happened to my online sign up info, Lady said I will get a welcome package in the mail. To this day I'm still waiting for the welcome package. I'm so pissed with Simplii that I don't even want to try again.
      Welcome to the Hustle Economy.
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    • sports1 wrote:
      Aug 1st, 2019 4:14 pm
      Interesting, this is available for existing customers as well.
      Note the fine print:

      "Customers who received a payroll or pension direct deposit during July 2019 or received a cash reward for setting up a payroll or pension direct deposit to any Simplii Financial account after November 1, 2017 are not eligible for the cash reward for completing activity 1."

      and

      "Customers who completed an automatic bill payment transaction from any Simplii Financial account during July 2019 or received a cash reward for completing an automatic bill payment transaction after November 1, 2017 are not eligible for the cash reward for completing activity 2."


      So yes, it's existing customers but only if they haven't set up a payroll or paid a bill recently.
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    • quanta wrote:
      Aug 4th, 2019 2:30 pm
      Note the fine print:

      "Customers who received a payroll or pension direct deposit during July 2019 or received a cash reward for setting up a payroll or pension direct deposit to any Simplii Financial account after November 1, 2017 are not eligible for the cash reward for completing activity 1."

      and

      "Customers who completed an automatic bill payment transaction from any Simplii Financial account during July 2019 or received a cash reward for completing an automatic bill payment transaction after November 1, 2017 are not eligible for the cash reward for completing activity 2."


      So yes, it's existing customers but only if they haven't set up a payroll or paid a bill recently.
      Yup, discovered this myself. I have never received a bonus of any type from Simplii, but I already have my payroll set up so I am not eligible for the $125. Almost makes me want to switch payroll to EQ or something so maybe in a couple years I'll be eligible for payroll deposit bonus again lol.
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    • quanta wrote:
      Aug 4th, 2019 2:30 pm
      Note the fine print:

      "Customers who received a payroll or pension direct deposit during July 2019 or received a cash reward for setting up a payroll or pension direct deposit to any Simplii Financial account after November 1, 2017 are not eligible for the cash reward for completing activity 1."

      and

      "Customers who completed an automatic bill payment transaction from any Simplii Financial account during July 2019 or received a cash reward for completing an automatic bill payment transaction after November 1, 2017 are not eligible for the cash reward for completing activity 2."


      So yes, it's existing customers but only if they haven't set up a payroll or paid a bill recently.
      I opened my account in the PCF days - Nov 1, 2017 was the day PCF banking became Simplii Financial.

      To my knowledge I never received anything because they had no banking promos I was ever eligible for since I had an account already.
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    • Didn't you need to just do one of the two things before (deposit two payrols OR do two recurring payments) to get the $200 before?
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    • PHuth2 wrote:
      Aug 4th, 2019 8:17 pm
      Didn't you need to just do one of the two things before (deposit two payrols OR do two recurring payments) to get the $200 before?
      Yes. The promo that just ended on July 31 required either a payroll deposit for 2 months OR 2 different PAD withdrawals for 2 months. Previous thread here.
    • Report Post
    • jevonb wrote:
      Aug 1st, 2019 3:30 pm
      Eligible automatic bill payment transactions include utility bills; monthly payments on credit lines, loans, mortgages, and credit cards; rent or lease payments; membership fees; property tax; income tax; entertainment streaming subscription fees; and childcare fees.
      I called BMO to ask them how can I submit Simplii's Automatic Bill Payment Request form to them for paying my credit card bill and the CS rep told me BMO doesn't do that. Then I called Simplii, the CS rep told me the same--credit card bills, phone bills, loans would be paid by adding the companies as a bill payee on my Simplii bank account. What's confusing is that although I pointed out that I would therefore be making manual bill payments rather than "automatic", they would count for the promotion.
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    • Karmella wrote:
      Aug 12th, 2019 11:58 am
      I called BMO to ask them how can I submit Simplii's Automatic Bill Payment Request form to them for paying my credit card bill and the CS rep told me BMO doesn't do that. Then I called Simplii, the CS rep told me the same--credit card bills, phone bills, loans would be paid by adding the companies as a bill payee on my Simplii bank account. What's confusing is that although I pointed out that I would therefore be making manual bill payments rather than "automatic", they would count for the promotion.
      I believe by "automatic" in this case, Simplii means "scheduled" bill payments. I've created two $10 CC payments and set them to occur monthly until I get the bonus and then I will cancel the scheduled payments.
    • Report Post
    • Karmella wrote:
      Aug 12th, 2019 11:58 am
      I called BMO to ask them how can I submit Simplii's Automatic Bill Payment Request form to them for paying my credit card bill and the CS rep told me BMO doesn't do that. Then I called Simplii, the CS rep told me the same--credit card bills, phone bills, loans would be paid by adding the companies as a bill payee on my Simplii bank account. What's confusing is that although I pointed out that I would therefore be making manual bill payments rather than "automatic", they would count for the promotion.
      The BMO CSR should have informed you that a pre-authorized payment can be setup by from their website. Pre-authorized payments will be withdrawn from your bank account monthly on the day your Credit Card payment is due. To set up a pre-authorized payment, fill out the information in the online form and select Verify Request. Please ensure that the currency of the Account to Debit is the same as the Credit Card selected.

      I'm not sure I trust the Simplii CSR advice for the sake of this promotion. You can setup automatic bill payments from Simplii but most people setup pre-authorized payments from an external source.
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    • aweawea wrote:
      Aug 12th, 2019 5:29 pm
      I believe by "automatic" in this case, Simplii means "scheduled" bill payments. I've created two $10 CC payments and set them to occur monthly until I get the bonus and then I will cancel the scheduled payments.
      How did you set them to occur monthly? When I access my Simplii account online and go to "Pay Bills" I can schedule the bill payment but there's no option for recurring payments.
      jevonb wrote:
      Aug 12th, 2019 6:27 pm
      The BMO CSR should have informed you that a pre-authorized payment can be setup by from their website. Pre-authorized payments will be withdrawn from your bank account monthly on the day your Credit Card payment is due. To set up a pre-authorized payment, fill out the information in the online form and select Verify Request. Please ensure that the currency of the Account to Debit is the same as the Credit Card selected.

      I'm not sure I trust the Simplii CSR advice for the sake of this promotion. You can setup automatic bill payments from Simplii but most people setup pre-authorized payments from an external source.
      The BMO CSR I spoke with was an ass. I tried to explain to him the form and that I was looking for pre-authorized debit transactions from my bank account to pay my credit card bill and he kept aggressively telling me "we don't do that".
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    • Karmella wrote:
      Aug 12th, 2019 9:03 pm
      How did you set them to occur monthly? When I access my Simplii account online and go to "Pay Bills" I can schedule the bill payment but there's no option for recurring payments.
      The option after "date" is "how often" -- once/every week/every 2 weeks/once a month/etc.
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    • aweawea wrote:
      Aug 12th, 2019 9:18 pm
      The option after "date" is "how often" -- once/every week/every 2 weeks/once a month/etc.
      Nope, not there.
    • Report Post

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