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Join Simplii

No Fee Chequing Account

Still paying monthly fees?

You deserve better

Earn up to $200 when you become a new Simplii Financial™ client.^†

Offer Ends October 31, 2020.

The starter pack: Earn up to $200

Get $150

Open a No Fee Chequing Account.

AND

Set up a payroll or pension direct deposit of at least $100 a month for 3 straight months.

Plus, get $50

Open a High Interest Savings Account when you open a No Fee Chequing Account.

AND

Transfer (and keep) at least $50 a month for 3 months from your chequing account to your savings account.

To find out more about this offer, check out Legal and the FAQs for more details.

Everyday banking you can count on

No monthly or minimum balance needed

Free access to all CIBC ATMs across Canada

Unlimited debit purchases, bill payments and withdrawals

Send free, unlimited Interac e-Transfer^® transactions

Bank on the go with the Simplii Financial Mobile Banking app

When will I get the cash bonus?

If you opened an account during...	You'll get your cash bonus by the end of...
February 1–29, 2020	July 2020
March 1–31, 2020	August 2020
April 1–30, 2020	September 2020
May 1–31, 2020	October 2020
June 1–30, 2020	November 2020
July 1–31, 2020	December 2020
August 1–31, 2020	January 2021
September 1–30, 2020	February 2021
October 1–31, 2020	March 2021

There’s even more cash to earn once you’re a client

Get $50

Send your first Global Money TransferOpens up a new window in your browser. with an eligible account using promo code GMT50.^‡

FAQs

How do I complete the direct deposit and savings transfers?

What direct deposits qualify for the cash bonus?

Do I have to be a new Simplii client to qualify for the cash bonus?

How do I get the $200 cash bonus?

Why do I have to wait to get my cash bonus?

Winning isn’t everything (but it sure is nice)

Simplii Financial™ is the Ipsos 2019 Financial Service Excellence Awards winner in 2 categories: Value for money and Mobile banking experience.

Need a human touch?

Give us a call anytime at 1-888-723-8881 — we're happy to help.

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Simplii Financial is a division of CIBC, a CDIC member
CDIC Deposit Insurance Information

^† Between February 1, 2020 at 12:01 am (ET) and October 31, 2020 at 11:59 pm (ET) (the “Offer Period”): (i) the Simplii Financial^™ $150 Chequing cash reward offer (the “Chequing Cash Reward”) is available to qualifying primary account holders of a new Simplii Financial No Fee^™ Chequing Account; and (ii) the Simplii Financial^™ $50 Savings cash reward offer (the “Savings Cash Reward”, and together with the Chequing Cash Reward, the “Offers”) is available to qualifying primary account holders of a new Simplii Financial High Interest Savings Account. Qualifying New Accounts meet all of the applicable terms and conditions below.

1. Definitions

In these terms and conditions:

A. “New Account” means: (i) a Simplii Financial No Fee Chequing Account opened during the Offer Period (a “New Chequing Account”), or (ii) a Simplii Financial High Interest Savings Account opened during the Offer Period (a “New HISA”).

B. “Recurring Direct Deposit” means an automated and recurring payroll or pension direct deposit (including old age security and employment insurance) from an employer or the government.

C. “Recurring Transfer” means an automated and recurring transfer of funds.

2. Eligibility

A. Chequing Cash Reward

Qualifying customers will receive one $150 cash reward if they satisfy each of the following terms and conditions:

(i) have no prior banking relationship with Simplii Financial before the Offer Period; (ii) open a New Chequing Account as the primary account holder; (iii) upon opening your first New Account, set up one or more Recurring Direct Deposits totaling at least $100 of deposits per month to your New Chequing Account; and (iv) have at least three (3) consecutive months of such qualifying Recurring Direct Deposit(s) credited to your New Chequing Account within 120 days of opening your first New Account.

B. Savings Cash Reward

Qualifying customers will receive one $50 cash reward if they satisfy each of the following terms and conditions:

(i) successfully qualify for the Chequing Cash Reward and complete all steps in 2(A) above; (ii) open a New HISA as the primary account holder; (iii) upon opening your first New Account, set up one or more Recurring Transfers totaling at least $50 per month of transferred funds from your New Chequing Account to your New HISA; (iv) have at least three (3) consecutive months of such qualifying Recurring Transfer(s) credited to your New HISA within 120 days of opening your first New Account; and (v) maintain in your New HISA a closing balance of at least $150, calculated as of such date, on the last day of the fourth month following the month your first New Account is opened.

3. Payment of Cash Rewards

A. The Chequing Cash Reward will be deposited into the New Chequing Account of qualifying customers in the fifth month following the month the first New Account is opened, provided the New Chequing Account is active and in good standing at that time. For example, qualifying customers who opened their first New Account in February 2020 will be paid in July 2020.

B. The Savings Cash Reward will be deposited into the New HISA of qualifying customers in the fifth month following the month the first New Account is opened, provided the New HISA is active and in good standing at that time. For example, qualifying customers who open their first New Account in February 2020 will be paid in July 2020.

C. If qualifying customers have more than one No Fee Chequing Account or High Interest Savings Account that is active and in good standing at the time the applicable cash reward is to be deposited, the Chequing Cash Reward or Savings Cash Reward will be paid into the No Fee Chequing Account or High Interest Savings Account with the most recent transaction date, regardless of whether any of the accounts are joint accounts.

4. Additional Limitations and Qualifications

A. Each of the Offers is open only to Canadian residents who have reached the age of majority, and are non-transferable. The Offers are subject to the terms and conditions of the Simplii Financial Products and Services Agreement.

B. Limit of one Chequing Cash Reward and Savings Cash Reward per qualifying customer no matter how many New Chequing Accounts or New HISA Accounts are opened by such customer as the primary account holder. The recipient of the cash reward is solely responsible for any tax consequences associated with their receipt thereof.

C. Simplii Financial reserves the right to cancel or change the terms of one or both of the Offers at any time without notice, for any reason, and to revoke one or both of the Offers for any customer who appears to be manipulating or abusing the Offers, or is engaged in any suspicious/fraudulent activity.

^‡ To qualify, use promo code GMT50 to send your first Simplii Financial Global Money Transfer (“GMT”) from your Simplii Financial No Fee Chequing Account, Simplii Financial Personal Line of Credit or Simplii Financial Secured Line of Credit using online or mobile banking. You will receive 50 CAD cash back in the account from which you sent the GMT within 6 weeks. Offer runs from February 1, 2020 until January 1, 2021 and can be changed or cancelled at any time without notice. Limit, one cash back offer per person per account including joint bank accounts. Simplii Financial Global Money Transfer Service rates apply to all transfers.

“SIMPLII FINANCIAL” and the SIMPLII FINANCIAL DESIGNS are trademarks of CIBC. Simplii Financial is a division of CIBC. Banking services are not available in Quebec.

Interac e-Transfer is a registered trademark of Interac Corp. Used under licence.