Simplii Financial Referral Bonus
$50 referral bonus + $300 cash & $50 Skip gift card with direct deposit + up to $100 cash back on the Visa card in your first 3 months
No-fee Canadian banking with a $50 referral bonus plus up to $450 in additional welcome offers.
No referral code required
Simply sign up using the link below
New Simplii Financial clients only. $50 referral bonus requires depositing at least $100 in a No Fee Chequing Account, High Interest Savings Account, or Personal Line of Credit within 6 months of opening and maintaining $100 for at least 30 days — OR spending $100 on a Cash Back Visa Card or Personal Line of Credit within 6 months. $300 cash reward and $50 Skip gift card require a No Fee Chequing Account with an eligible direct deposit of at least $100/month for 3 consecutive months. Up to 20% cash back (max $100) on eligible gas, grocery, drugstore purchases and pre-authorized payments in the first 3 months of Cash Back Visa Card ownership (up to $500 in eligible spend). Offers subject to change; see Simplii.com for full terms.
Why Choose Simplii Financial?
Simplii Financial is a direct banking brand owned by CIBC, launched in 2017 after the acquisition of President's Choice Financial.
It offers no-monthly-fee chequing and savings accounts, a cash back Visa credit card, GICs, mortgages, and personal loans — all managed digitally without branch visits.
Backed by CIBC's infrastructure and covered by CDIC deposit insurance, Simplii is one of Canada's most trusted no-fee banking options.
New customers who open an account via a referral link can earn a $50 referral bonus, a $300 cash reward plus a $50 Skip The Dishes gift card for setting up a qualifying direct deposit on the chequing account, and up to 20% cash back (up to $100 value) in the first 3 months on the Cash Back Visa card.
No Monthly Banking Fees
Simplii's No Fee Chequing Account charges zero monthly fees with unlimited transactions, free Interac e-Transfers, and access to over 3,400 CIBC ATMs across Canada
$300 Cash + $50 Skip Gift Card
Add an eligible direct deposit of at least $100 per month for 3 consecutive months to your No Fee Chequing Account and receive a $300 cash reward plus a $50 Skip The Dishes gift card
Up to 20% Cash Back on Visa
The Simplii Financial Cash Back Visa Card earns up to 20% cash back (max $100) on eligible gas, grocery, drugstore purchases, and pre-authorized payments in your first 3 months on up to $500 in spend
CDIC Insured & CIBC Backed
Deposits are insured by the Canada Deposit Insurance Corporation (CDIC) up to $100,000 per category, and Simplii is backed by the full strength of CIBC
How to Get Your Up to $500 Bonus
Follow these simple steps to claim your referral bonus
Open via Referral Link
Click the referral link to open a No Fee Chequing Account, High Interest Savings Account, Personal Line of Credit, or Cash Back Visa Card — all qualify for the $50 referral bonus
Meet the $50 Bonus Condition
Deposit at least $100 and keep it in your account for 30 days, OR spend $100 on your Visa Card or Line of Credit, within 6 months of opening — your $50 bonus is then credited
Unlock the Chequing & Visa Bonuses
Set up a direct deposit of $100+/month for 3 straight months to earn $300 cash + $50 Skip gift card. Use your Visa Card on eligible purchases in the first 3 months to earn up to $100 in cash back
$50
Referral Bonus
$350
Direct Deposit Bonus
Up to $100
Visa Cash Back
$0
Monthly Fees
Our Verdict
Simplii Financial is an excellent choice for Canadians seeking no-fee everyday banking backed by a major bank. The combination of zero monthly fees, CIBC ATM access, CDIC protection, and a stacked welcome bonus package — $50 referral, $350 in chequing rewards, and up to $100 Visa cash back — makes it one of the most valuable free banking options in Canada.
Pros & Cons
What we like
$50 referral bonus with straightforward qualifying conditions
$300 cash + $50 Skip gift card for setting up direct deposit
Up to 20% cash back on Visa in first 3 months (max $100)
No monthly fee chequing account with unlimited free transactions
Free Interac e-Transfers included
Access to 3,400+ CIBC ATMs with no surcharge
CDIC deposit insurance on eligible deposits
Fully digital — open an account in minutes
Things to consider
No physical branches — fully digital banking only
$50 bonus requires maintaining $100 balance for 30 days or spending $100
Direct deposit bonus requires 3 consecutive months of $100+ deposits
Credit card cash back bonus subject to approval and spending requirements
Savings account rates may be lower than dedicated neo-banks
Frequently Asked Questions
Everything you need to know about the Simplii Financial referral program
Earn $50 Referral Bonus + Up to $450 More
No-fee banking, $300 cash + $50 Skip gift card with direct deposit, and up to $100 Visa cash back
Get Your $50 Referral Bonus
