Simplii Financial has one of the best new bank account promotions in Canada. It is also one of the best online banks.
When you open a new account using our Simplii referral link or Simplii referral code, you get a $400 sign-up cash bonus.
In addition, you could invite your friends and earn up to $500 per referral.
Read on to learn how the Simplii referral program works and how to take advantage of and earn unlimited bonuses.
Simplii Refer a Friend Bonus ($50)
When you sign up for a new Simplii account using a valid Simplii referral link (no promo code required), you get a $50 bonus.
The Simplii accounts eligible for the “refer-a-friend” bonus include:
- Simplii no-fee chequing account
- Simplii high-interest savings account
- Simplii Cash Back Visa Card, and
- Simplii personal line of credit
Each of these accounts has requirements you must meet to qualify for the $50 bonus. For example, you need to deposit at least $100 in your new chequing or savings account and maintain at least $100 for 30 days.
To get started, visit Simplii to open a free account.
If you are applying for a mortgage, you get a $100 bonus by using this Simplii referral code (0008149464) when speaking with a Simplii mortgage broker.
In addition to the $50-$100 referral bonus, you also get a $350 cash bonus when you open a chequing account.
Simplii $350 Promotion (Free Chequing)
Your cash bonus from Simplii adds up to $400 ($50 + $350) when you open a free Simplii Chequing account and:
Setup a direct deposit to your new account of at least $100 for 3 consecutive months
This is how it works:
- Sign up via a valid Simplii referral link for a $50 bonus.
- If you opened a savings or chequing account, deposit $100 or more and keep it there for 30 days.
- The $50 referral cash bonus is added to your account 15 business days after meeting the eligibility conditions.
- If you opened a chequing account, add a direct deposit of at least $100 for 3 straight months. The direct deposit can be your paycheque, pension, or employment insurance.
- A $350 cash bonus is paid to your account 6 months after you meet the requirements.
Simplii $300 Global Money Transfer Offer
After opening a Simplii account ($50-$400), you could get up to an extra $300 when you send your first global money transfer and use the applicable promo code.
Learn more in this review.
Simplii Referral Program: Get Up to $500/Referral
As a Simplii customer, you can refer others to open accounts and earn up to $500 per referral.
There is no limit to how much money you can earn.
To get started, share your Simplii referral link or code with your friends. You can find your custom link under the Refer a Friend section on your account dashboard.
When they open a Simplii saving, chequing, or credit card account, you both receive a $50 reward.
If they open a mortgage account, you receive a $500 bonus, and they get $100.
Simplii 5.25% High Interest Savings Promotions
For a limited time, you can earn a 5.25% interest rate on your deposits in a Simplii savings account.
The interest promotional offer is available until April 30, 2023.
New Bank Account Promotions in Canada
Looking for a new bank account and bonus money? You can check out these offers as well:
Tangerine Bank: The no-fee Tangerine Money-Back Credit Card offers 2% cash back on 2-3 categories of spending and 0.50% cash back on all other purchases. It also offers 10% cash back on up to $1,000 spent in the first 2 months ($100 value).
KOHO: Get the free KOHO prepaid Mastercard and earn up to 5% cash back on purchases, including a $20 bonus after making your first purchase (use CASHBACK referral code when signing up). Learn more about KOHO.
EQ Bank: The no-fee EQ Bank Savings Plus account offers one of the best non-promotional interest rates in Canada at 2.50%. Learn more in this review.
Simplii Referral FAQs
When you open a Simplii no-fee chequing account and deposit $100 or more via direct deposit for 3 consecutive months, you earn a $350 bonus.
You get a $350 bonus when you open a chequing account and meet the eligibility requirements. You also get a $50 bonus ($400 total) when you sign up using a valid referral link.
The minimum age for a Simplii bank account is 18 or 19 years, depending on your province of residence.
Yes. Simplii customers can order free personalized cheques.
There is no limit to how much you can earn from Simplii’s referral program.
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