‡ The Simplii Financial™ No Fee Chequing Account $400 offer (the “Offer”) begins on March 1, 2023 at 12:01 am ET and ends on June 30, 2023 at 11:59 pm ET (the “Offer Period”). The Offer consists of a $400 cash reward (the “Cash Reward”) to qualifying primary account holders for opening and using a new Simplii Financial™ No Fee Chequing Account (the “New Account”) and complying with the following requirements.
This Offer is open only to Canadian residents who:
(i) have reached the age of majority in their province of residence; and
(ii) have no prior banking relationship with Simplii Financial prior to the beginning of the Offer Period.
This Offer can be combined with all other offers unless otherwise indicated. Individuals who meet the foregoing eligibility requirements and otherwise comply with these Terms are referred to as “Eligible Client(s)”.
2. Offer Requirements
To qualify for the Offer and receive the Cash Reward, an Eligible Client must:
(i) open a New Account as the primary account holder during the Offer Period;
(ii) within 120 days from the date the New Account is opened, set up one or more Eligible Recurring Direct Deposits totaling at least $100 of deposits per month into the New Account; and
(iii) have such Eligible Recurring Direct Deposit(s) credited to the New Account for at least three (3) consecutive months within the above 120-day time period.
“Eligible Recurring Direct Deposits”: Most automated and recurring direct deposits are eligible. Examples of common recurring direct deposits include: payroll, pension direct deposits, old age security, disability payments, and governmental deposits, such as employment insurance.
For further details and to confirm whether an automated and recurring direct deposit qualifies for the Offer, consult with a Simplii Financial representative.
3. Payment of Cash Reward
If an Eligible Client qualifies to receive the Cash Reward, the Cash Reward will be directly deposited to the New Account (which must remain active and in good standing at the time the Cash Reward is deposited) in the fifth month following the month the New Account is opened. For example, a qualifying Eligible Client who opened a New Account in March 2023 will receive the Cash Reward in August 2023.
If a qualifying Eligible Client has more than one New Account that is active and in good standing at the time the Cash Reward is to be deposited, the Cash Reward will be paid into the New Account with the most recent transaction date, regardless of whether any of the accounts are joint accounts.
4. Additional Limitations and Conditions
The Cash Reward must be accepted as awarded and is not transferable or assignable. No Cash Reward substitutions will be permitted. Limit of one Cash Reward per Eligible Client no matter how many New Accounts are opened. For joint accounts, only one Cash Reward is available per Account. The recipient of the Cash Reward is solely responsible for any tax consequences associated with their receipt thereof.
The Offer is subject to the terms and conditions of the Simplii Financial Products and Services Agreement. Simplii Financial reserves the right to cancel or change the terms of the Offer at any time without notice, for any reason, and to revoke the Offer from any customer who appears to be manipulating or abusing the Offer, or is engaged in any suspicious/fraudulent activity.
In the event of any discrepancy or inconsistency between the terms and conditions as provided in these Terms and disclosures or other statements contained in any Offer-related materials, including, but not limited to television, print or online advertising, the terms and conditions of these Terms shall prevail, govern and control to the fullest extent permitted by law.
◇ Based on fees for unlimited transaction chequing accounts offered by 5 major Canadian banks as of January 2022.
1 Simplii Financial Global Money Transfer Service foreign exchange rates apply. Must have a Simplii Financial chequing account, USD savings account, credit card, personal or secured line of credit to send a Simplii Financial Global Money Transfer. Most transfers are completed by the next business day; some require up to 3 business days to be completed. Only primary cardholders can use their eligible credit card account to pay for Simplii Financial Global Money Transfer service. For full terms and conditions, review the Simplii Financial Global Money Transfer Agreement (PDF, 130 KB) Opens in a new window..