◇ The Simplii Financial No Fee Chequing Account $400 offer (the “Offer”) begins on November 1, 2023 at 12:01 am ET and ends on February 29, 2024 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) become a new client with no prior relationship with Simplii Financial during the Offer Period or within 6 months prior to the beginning of the Offer Period. To become a Simplii Financial client, you must apply and be approved for a Simplii Financial product. When you apply for your first Simplii Financial product, we will create a unique client identification number for you (your “Client Number”).
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. have become a new client on or after May 1, 2023 or open a New Account for the first time 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 November 2023 will receive the Cash Reward in April 2024.
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.
†† NO PURCHASE NECESSARY. Open April 1, 2023 to February 28, 2024 to legal residents of Canada (excluding Quebec) 16+ who are students who have accepted an offer to study in a recognized educational institution in Canada (excluding Quebec). One (1) fifty thousand dollar ($50,000) cash prize available to be won. Odds of winning depend on number of eligible entries received. Math skill test, internet access and email required. Rules: Simplii Student Banking Contest (PDF, 155 KB) Opens in a new window..