What is the Simplii direct deposit bonus?

When you set up eligible direct deposit of at least $100/month for 3 consecutive months to your No Fee Chequing Account, you'll receive $300 cash plus a $50 Skip gift card. This is in addition to the $50 referral bonus, bringing your total to $400 before cash back rewards.

Simplii Referral Bonus

Q: How much is the Simplii referral bonus?

New Simplii clients can earn up to $500 in total value: $50 referral bonus for opening an account, plus $350 in direct deposit bonuses ($300 cash + $50 Skip gift card), plus up to $100 in cash back rewards. The referrer earns $125 for each successful referral.

schedule

10 min

signup

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Takes 10 minutes

No-Fee Banking from CIBC

Earn up to $500 when you become a Simplii client: $50 referral bonus + $350 direct deposit bonus + $100 cash back rewards.

Get Up to $500 arrow_outward

New clients only. Conditions apply for each bonus tier.

verified Verified for 2026

Up to $500 in bonuses

payments$50 referral bonus (deposit $100, maintain 30 days)
account_balance$350 direct deposit bonus ($300 + $50 Skip card)
percent$100 cash back on eligible purchases

How to maximize your bonus

Open a No Fee Chequing Account, set up $100/month direct deposit for 3 months, and make eligible purchases to unlock all bonus tiers.

Simplii Financial is CIBC's digital banking brand, offering no-fee chequing, high-interest savings, credit cards, and lines of credit to Canadians. With no monthly fees, free Interac e-Transfers, and access to CIBC ATMs, Simplii is ideal for everyday banking without the overhead of traditional banks. All deposits are CDIC insured up to $100,000.

How to Get the Simplii Referral Bonus

link

Click the referral link

Use the button above to apply through a valid referral link. You must use a referral link to qualify for the bonus.
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Open a qualifying account

Choose No Fee Chequing, High Interest Savings, Cash Back Visa Card, or Personal Line of Credit.
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Complete the qualifying activity

Deposit $100 and keep it for 30 days (chequing/savings), spend $100 (credit card), or draw $100 (line of credit) within 6 months.
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Receive $50 referral bonus

Your $50 bonus is deposited within 30 business days after meeting the deposit requirement.
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Set up direct deposit for $350 more

Add eligible direct deposit of $100/month for 3 consecutive months to earn $300 cash + $50 Skip gift card.
percent

Earn up to $100 cash back

Get up to 20% cash back (max $100) on eligible gas, grocery, drugstore purchases and pre-authorized payments.

Who It's Best For

check_circleCanadians tired of paying monthly bank fees for basic chequing.
check_circleStudents and young adults who want a no-fee Visa credit card with cash back.
check_circleAnyone who wants CIBC ATM access without the CIBC account fees.
check_circlePeople sending international money transfers who want competitive rates.

Key Benefits

money_offNo monthly fees on chequing or savings accounts.
atmFree access to 3,400+ CIBC ATMs across Canada.
sendUnlimited free Interac e-Transfers.
percentCompetitive interest on High Interest Savings Account.
credit_cardNo annual fee Cash Back Visa Card with up to 4% back.

Bonus Breakdown: Up to $500

Referral Bonus

$50

Deposit $100 and maintain for 30+ days in chequing or savings.

Direct Deposit Bonus

$350

$300 cash + $50 Skip gift card when you set up $100/mo direct deposit for 3 months.

Cash Back Bonus

$100

Up to 20% cash back on gas, groceries, drugstore & pre-authorized payments.

Total potential value: Up to $500

$50 referral + $350 direct deposit + $100 cash back = $500

Eligible Simplii Products

Open any of these accounts through a referral link to qualify for the $125 bonus:

No Fee Chequing

Deposit $100, maintain 30+ days

$0 monthly fee

High Interest Savings

Deposit $100, maintain 30+ days

Competitive interest rate

Cash Back Visa Card

Spend $100 on the card

No annual fee, up to 4% back

Personal Line of Credit

Draw $100 from the line

Competitive rates

Simplii Referral Bonus FAQ

How much is the Simplii referral bonus? expand_more

New Simplii clients can earn up to $500 in total: $50 referral bonus for opening an account, $350 in direct deposit bonuses ($300 cash + $50 Skip gift card), plus up to $100 in cash back rewards on eligible purchases. The referrer earns $125 for each successful referral.

How does the Simplii referral work? expand_more

Click the referral link to open a No Fee Chequing Account, then: 1) Deposit $100 and maintain for 30 days to get your $50 referral bonus, 2) Set up direct deposit of $100/month for 3 months to earn $300 + $50 Skip gift card, 3) Make eligible purchases to earn up to $100 cash back. Total potential: up to $500.

What are the Simplii bonus requirements? expand_more

Requirements depend on the account type: For chequing or savings, deposit at least $100 and maintain the balance for 30+ days. For the Cash Back Visa, spend at least $100. For the Personal Line of Credit, draw at least $100. All activities must be completed within 6 months of opening.

Does Simplii have a referral bonus? expand_more

Yes. Simplii Financial offers up to $500 for new clients: $50 referral bonus for opening a qualifying account, $350 in direct deposit bonuses when you set up recurring deposits, and up to $100 in cash back on eligible purchases.

Who is eligible for the Simplii referral? expand_more

You must be a Canadian resident who has reached the age of majority in your province and cannot have been a Simplii client since November 1, 2017. You must use a valid referral link to apply.

How long does it take to receive the bonus? expand_more

The $50 referral bonus is deposited within 30 business days after completing the qualifying activity. The $300 direct deposit bonus arrives 3 business days after meeting the 3-month direct deposit requirement. Cash back rewards are earned ongoing on eligible purchases.

Can I combine the referral with other Simplii offers? expand_more

No. The referral bonus cannot be combined with other Simplii promotional offers. You can only use one offer code or promotion per account opening.

Is Simplii Financial safe? expand_more

Yes. Simplii Financial is a division of CIBC, one of Canada's Big Five banks. All eligible deposits are insured by the Canada Deposit Insurance Corporation (CDIC) up to $100,000 per category.

Are there any monthly fees? expand_more

No. Simplii's No Fee Chequing Account and High Interest Savings Account have no monthly fees. The Cash Back Visa Card has no annual fee. You get free unlimited Interac e-Transfers and free access to CIBC ATMs.

Can I earn money with Simplii referral as an existing client? expand_more

Yes. Existing Simplii clients can refer up to 50 friends per year (250 lifetime) and earn $125 for each successful referral. Log into Online or Mobile Banking and select "Refer a Friend" to get your unique link.

What if my bonus doesn't show up? expand_more

If you haven't received your bonus after 30 business days of completing the requirements, contact Simplii customer service. Make sure you used a valid referral link and completed the qualifying activity within the 6-month window.

*Offers can change. Verify current terms on Simplii's official website before signing up.

About Simplii Financial

Simplii Financial is CIBC's digital banking brand, launched in 2017 to replace PC Financial banking services. It offers no-fee chequing and savings accounts, a cash back credit card with no annual fee, personal lines of credit, mortgages, and global money transfers. As a division of CIBC, Simplii provides access to over 3,400 CIBC ATMs across Canada and full CDIC deposit insurance. It's designed for Canadians who want straightforward, no-fee banking without visiting a branch.

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