◊ Between February 1, 2020 at 12:01 am (ET) and May 31, 2020 at 11:59 pm (ET) (the “Offer Period”): (i) the Simplii FinancialTM $150 Chequing cash reward offer (the “Chequing Cash Reward”) is available to qualifying primary account holders of a new Simplii Financial No FeeTM Chequing Account; and (ii) the Simplii FinancialTM $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.
1 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 20 business days. 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.
2 Order foreign cash for the first time from your Simplii Financial™ No Fee Chequing Account or Simplii Financial Personal Line of Credit or Simplii Financial Secured Line of Credit using online or mobile banking, and use promo code SIMPLIICASH and receive 10 CAD in your Simplii Financial bank account within 20 business days. Simplii Financial Foreign Cash Online Service rates apply. Maximum order amount is 2,500 CAD. One offer per person, per account, including joint accounts. Offer available from June 4, 2019 until June 4, 2020 and can be changed or cancelled at any time without notice.
“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.
