Simplii Financial Simplii Financial: Get a $350 Bonus When You Open a New Chequing Account Get $350 with New Simplii Chequing Accounts!

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Get a bonus by switching to Simplii Financial, where you'll earn a $350.00 welcome bonus with their No Fee Chequing Account.

This offer is only available to new or eligible customers who open a new No Fee Chequing Account. Simply enroll online before January 31, 2023, then add an eligible direct deposit of at least $100.00 per month for three consecutive months.

Eligible direct deposits including payroll, pension or employment insurance payments and the $350.00 cash bonus will be deposited into your account within five months, depending on the completion of your three direct deposits.

This offer is available to new Simplii Financial clients until January 31 – click or tap the Legal tab on the website footer to view the complete terms and conditions of this offer.

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    • Sorry I have been late in replying guys. Came in here to hopefully post about a Black Friday deal, but there's none :(

      Simplii's Big brother (CIBC) has an offer.
      Black Friday Offer

      Get a $100 Amazon.ca Gift Card†† plus up to a $400 welcome bonus†
      Until November 29, enjoy this special offer when you open a CIBC Smart™ Account as your first CIBC chequing account. Complete 5 Visa* Debit purchases online to get your $100 Amazon.ca Gift Card.
      I did not get into it further but feel free to read up if it interests you, personally I would only open a CIBC account for a promo and close it after for the reasons I mentioned in the OP.

      EDIT: Checked, and other banks have their usual promos:
      TD - Amazon GC = $300
      BMO - $400 sign up
      Scotia $350
      Of course expect to spend on bank fees or tie up funds to get these promos as the Big 5 banks don't have free accounts like Simplii. So $400 might be closer to $300, etc...
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    • What's the rate after January 31st? I'm assuming opening a TFSA is not included in any of these promos? Can the HISA account be a joint account?
      Not sure about your last two questions but about rate, it's going to be 0.40% after Jan 31 😂

      Personally I would move out my funds before that date to a more stable rate bank (like EQ Bank or Hubert Financial) and wait for another promo to come around (Tangerine and Simplii offer existing customers promos from time to time).
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    • Data Point:

      $350 got deposited in my account yesterday for this offer.
      Awesome, great to hear!
      Thanks for sharing.
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    • Very bizarre thing happened to me, I opened account online last month , got all cards but when I called to activate they say it's blocked for unknown reason from past 2 weeks. Did anyone face such situation
      Maybe in a similar situation. Called and need more docs to verify the ac.
      Considering their crappy average balance rate promo and all these delays kind of thinking of not going through all the hassle now.
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    • does anyone know if direct deposit from another non-work account qualifies for the three towards the $350 promo.
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    • What's the rate after January 31st? I'm assuming opening a TFSA is not included in any of these promos? Can the HISA account be a joint account?
    • Report Post
    • Data Point:

      $350 got deposited in my account yesterday for this offer.
    • Report Post
    • Very bizarre thing happened to me, I opened account online last month , got all cards but when I called to activate they say it's blocked for unknown reason from past 2 weeks. Did anyone face such situation
    • Report Post
    • Given that Simplii and CIBC have the same financial institution number (010), does that make EFT between Simpliii and CIBC accounts faster than with other banks' accounts (e.g. 1 day vs 2-3 days)?
      Thanks.
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    • Got the bonus interest for new account today. Account opened in August.
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    • This might have already been discussed somewhere on RFD, but what does "have no prior banking relationship with Simplii Financial prior to the beginning of the Offer Period."

      I was with PC financial, and closed my Simplii account AFTER the change by months... Does that mean I'm ineligible?
      How did the conversation go, did they say it's ok to sign up and you'll get the promo?
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    • This might have already been discussed somewhere on RFD, but what does "have no prior banking relationship with Simplii Financial prior to the beginning of the Offer Period."

      I was with PC financial, and closed my Simplii account AFTER the change by months... Does that mean I'm ineligible?
      The terms don't state an exact date, for example the referral terms do (Nov 2017), but not the $350 offer.
      I would recommend calling in to the customer service team and taking note of the call time for reference in case they agree.
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    • Work's taking forever to update bank details for payroll...

      Is it 3 consecutive months of deposits within 120 days of opening?
      Or 1st deposit within 120 day of opening and the rest can be after (so like depositing 1st pay on day 119 or something and it'll still be eligible for the $350)
      Ouch, unfortunately on paper, its 3 months.
      You are already in the middle of the deal, let it go organically and then see where it lands, these guys aren't the best in wording their T&Cs, maybe you will get lucky?
      I say this cos many people on the other Visa thread were told they would honour the $150 if they signed up by the October date, however T&Cs clearly state 'activated by Oct X' so these guys might be understanding...

      Good luck.
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    • For new clinet $350 offer, do I must open checking account? or savings account would do the same?
    • Report Post
    • This might have already been discussed somewhere on RFD, but what does "have no prior banking relationship with Simplii Financial prior to the beginning of the Offer Period."

      I was with PC financial, and closed my Simplii account AFTER the change by months... Does that mean I'm ineligible?
    • Report Post
    • Work's taking forever to update bank details for payroll...

      Is it 3 consecutive months of deposits within 120 days of opening?
      Or 1st deposit within 120 day of opening and the rest can be after (so like depositing 1st pay on day 119 or something and it'll still be eligible for the $350)
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    • Ya I ended up sending an email to the talktous address, we'll see what they say.
      I feel that they might only answer questions over a logged in chat. Give that a try, that way they have you in an authenticated login session and can freely discuss account stuff with you.
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    • I did an online chat and confirmed it with an agent.
      Ya I ended up sending an email to the talktous address, we'll see what they say.
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    • Anyone know how to check your current promo interest rate with Simplii? I recall getting an offer when I signed in one day but cannot remember what it was. OTOH Tangerine shows you in the account details which is nice.
      I did an online chat and confirmed it with an agent.
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    • Anyone know how to check your current promo interest rate with Simplii? I recall getting an offer when I signed in one day but cannot remember what it was. OTOH Tangerine shows you in the account details which is nice.
    • Report Post
    • What was the update for " get back to me in 3 days "?
      Got an email 2 days later that it's approved and I'll be getting my card in the mail and to call to activate it when it comes.
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    • I just submitted my application, but yes, I saw that it's now on until Jan 31st, 2023!

      The strange parts was that I couldn't do my digital signature and it said that I would need to call to continue opening the account, but it let me proceed. Then I tried to do my initial deposit as part of the application process using my Tangerine Visa Debit card and it errored out that I provided wrong bank details. Weird, as I just entered the card information as requested. Despite both of those, I was able to proceed to the end and got an email saying they will get back to me in 3 days to let me know next steps. I guess they have what they need.
      What was the update for " get back to me in 3 days "?
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    • I received my welcome bonus the last week of October! $350!

      I signed up first week of May 2022. Yay!!! So it’s legit!
    • Report Post
    • So 5% is only for brand new accounts?
      Seems that way, I had a previous offer for my existing account, that ended Oct 31.
      Nothing new so far...
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    • Thanks for the heads up, I have updated the OP and 'reported' my own thread. I assume that's the only way to tell the mods that it's no longer expired, not so sure what's the right way for it.
      So 5% is only for brand new accounts?
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    • Thanks to the mod team, this thread is back from Expired to Hot Deals 😎
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    • Another heads up to OP, 😉 They finally updated the savings account interest offer:

      %5 interest rate until Jan 31 2023

      Thanks for the great post!
      Thanks for the heads up, I have updated the OP and 'reported' my own thread. I assume that's the only way to tell the mods that it's no longer expired, not so sure what's the right way for it.
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    • Any idea when in November they are giving the Saving account bonus, I received about the increase, check on line and no bonus today. Nov 3.
      I got a popup upon login, it showing a date of Nov 17 as the payout date.
    • Report Post
    • Anyone able to get paper cheques for their Simplii account? How do the cheques work?
      Yup, they are the best part, unlimited free paper cheques with Simplii. It's not 'favour' or a 'one time fee waived' It's actually free!
      It's not so easy to get confirmation but the site reads:
      How do I order more cheques?
      Reorder cheques online or call us at 1-888-723-8881. We'll put your new cheques in the mail right away.
    • Report Post
    • Another heads up to OP, 😉 They finally updated the savings account interest offer:

      %5 interest rate until Jan 31 2023

      Thanks for the great post!
    • Report Post
    • Anyone able to get paper cheques for their Simplii account? How do the cheques work?
    • Report Post
    • Any idea when in November they are giving the Saving account bonus, I received about the increase, check on line and no bonus today. Nov 3.
    • Report Post
    • I just submitted my application, but yes, I saw that it's now on until Jan 31st, 2023!

      The strange parts was that I couldn't do my digital signature and it said that I would need to call to continue opening the account, but it let me proceed. Then I tried to do my initial deposit as part of the application process using my Tangerine Visa Debit card and it errored out that I provided wrong bank details. Weird, as I just entered the card information as requested. Despite both of those, I was able to proceed to the end and got an email saying they will get back to me in 3 days to let me know next steps. I guess they have what they need.
    • Report Post
    • Just a heads up, I was upset I had waited untill 1 day left in the promo to find this deal but clicked the link anyway and to my surprise they have aparently extended the $350 bonus offer to Jan 31 2023!
      Thanks for sharing, I will soon update the OP. Just waiting for tomorrow to see what the new interest rate promo (for new customers) will be. It still shows 4.75 till Oct 31st lol :D.
    • Report Post
    • Just a heads up, I was upset I had waited untill 1 day left in the promo to find this deal but clicked the link anyway and to my surprise they have aparently extended the $350 bonus offer to Jan 31 2023!
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    • Did anyone NOT get their referral bonus within a few business days?

      One of my referrals got their bonus within 2-3 after setting up online account and depositing the $100.

      Another referral it's been about 3 weeks and still no bonus. CSR is stating it could take 30 days for the bonus.
      I referred two people last month and only received one bonus. Still waiting on my second one
    • Report Post
    • Did anyone NOT get their referral bonus within a few business days?

      One of my referrals got their bonus within 2-3 after setting up online account and depositing the $100.

      Another referral it's been about 3 weeks and still no bonus. CSR is stating it could take 30 days for the bonus.
    • Report Post
    • While we're on the topic of questionable account credits, did anyone else get their referral bonus almost immediately after transferring $100 in? I thought part of the referral bonus requirements was to maintain $100 balance for 30 days, however I got $50 credit 3 days after e-transferring in $100.
      I got my $50 referral bonus within a few days of depositing $100 too, and same goes for my friend who I got the referral from (she got $100).
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    • Yes. I got $100 referral bonus after 3 days once my friend transfer 100 dollars in his chequing account.
      That's great! Thanks everyone for sharing the data points.

      Overall, I know people had a hard time signing up but personally I see any large institution struggles to get their act together, if you read the Fido threads or any Big 5 bank, the CSRs can't figure things out much other than straightforward issues.
      For example, I personally I know someone who just two weeks ago got a TD credit card in a branch and was provided with incorrect information.

      So incompetence is the norm I have just accepted poor service is the standard, cheaper banking solutions like Simplii don't add much more to it :D .

      The reason for the mini rant is, this is an awesome deal not only for the start but even to keep, a no fee bank account tied to CIBC, the huge ref and Sign up bonuses, I'll say it again, its a great deal. :)
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    • While we're on the topic of questionable account credits, did anyone else get their referral bonus almost immediately after transferring $100 in? I thought part of the referral bonus requirements was to maintain $100 balance for 30 days, however I got $50 credit 3 days after e-transferring in $100.
      Yes. I got $100 referral bonus after 3 days once my friend transfer 100 dollars in his chequing account.
    • Report Post

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