Open a Simplii Financial account with our referral link and earn a $50 referral bonus, plus up to $350 more with a No Fee Chequing Account or up to $100 cash back with a Cash Back Visa Card. No code needed — your bonus is applied automatically when you sign up through our link.
Earn a $50 referral bonus when you open and meet the qualifying conditions, plus up to $350 in value with a No Fee Chequing Account or up to $100 cash back with a Cash Back Visa Card.
Bonus applied automatically via referral link
Bonus subject to Simplii Financial's eligibility terms.
Getting your Simplii Financial bonus takes less than 10 minutes.
Open a No Fee Chequing Account, HISA, Personal Line of Credit, or Cash Back Visa using our referral link
For the $50 referral bonus: deposit $100 in a chequing or HISA and keep it for 30 days within 6 months
OR spend/use $100 on your Cash Back Visa or Line of Credit within 6 months
For the $350 chequing bonus: add a direct deposit of at least $100/month for 3 straight months to earn a $300 cash reward + $50 Skip gift card
For the $100 Visa bonus: spend up to $500 on eligible gas, grocery, drugstore, and pre-authorized purchases in your first 3 months to earn up to 20% cash back
Simplii Financial, a division of CIBC, offers no-fee everyday banking with high-interest savings, a no-fee chequing account, and a cashback Visa credit card. It's the smart choice for Canadians who want a big-bank experience without the big-bank fees, backed by one of Canada's Big Five banks.
No Fee Chequing Account
Simplii's flagship product — a full-featured chequing account with unlimited free transactions, no monthly fee, and a free debit card. Backed by CIBC, it gives you access to over 3,400 CIBC ATMs with no surcharge.
High-Interest Savings Account
The Simplii High-Interest Savings Account pays a competitive rate on balances, with no minimum balance and CDIC deposit insurance up to $100,000. Useful for parking an emergency fund or short-term savings alongside your chequing account.
Cash Back Visa Card
The Simplii Cash Back Visa earns up to 4% on eligible restaurant, bar, and coffee shop purchases, 1.5% on gas, groceries, and drugstores, and 0.5% on everything else — all with no annual fee.
CIBC ATM & Branch Network
As a CIBC product, Simplii customers can use over 3,400 CIBC ATMs across Canada with no fees. You also have access to CIBC's telephone banking and certain branch services, unlike most digital-only competitors.
Global Money Transfer
Send money internationally from your Simplii account to over 130 countries. Transfers are processed quickly and at competitive exchange rates, making Simplii a strong option for newcomers to Canada who regularly send money abroad.
CDIC Deposit Insurance
All eligible deposits in Simplii accounts are insured by the Canada Deposit Insurance Corporation (CDIC) up to $100,000. This is the same protection you get at the major banks — Simplii is not a separate legal entity from CIBC.
Here is what sets Simplii Financial apart from the competition for Canadians.
An independent editorial assessment based on our hands-on experience with the platform.
A solid no-fee bank account backed by the strength of CIBC.
Simplii Financial gives Canadians the convenience of a fully digital no-fee chequing account without sacrificing the safety net of a major bank. Backed by CIBC, Simplii deposits are CDIC-insured and you get access to 3,400+ CIBC ATMs nationwide. The Cash Back Visa earns 4% on dining — one of the best rates on any no-fee card in Canada.
The Verdict
Simplii is the best option for Canadians who want the security of a big bank without paying monthly fees.
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Earn a $50 referral bonus when you open and meet the qualifying conditions, plus up to $350 in value with a No Fee Chequing Account or up to $100 cash back with a Cash Back Visa Card.
Sign Up to Simplii Financial