New Simplii Financial clients can earn up to a $400 bonus when they sign up using a valid Simplii referral link.
This online bank offers various promotions on its financial products, including a cash bonus when you get a Simplii Financial saving, chequing, credit card, or mortgage product.
Below, I show you how to qualify for a bonus and how to earn unlimited bonuses every year through Simplii’s refer a friend program.
Simplii $50 Bonus
New Simplii customers get a $50 bonus when they open an account using our referral link.
The four accounts that qualify for the welcome bonus are:
- No Fee Chequing Account
- High-Interest Savings Account
- Personal Line of Credit
- Cash Back Visa Card
After opening any of the accounts mentioned above, you qualify by taking the following steps:
No Fee Chequing Account: Deposit at least $100 in your account within 6 months of opening it and maintain a minimum balance of $100 for at least 30 days.
High-Interest Savings Account: Deposit $100 or more and keep a minimum balance of $100 for 30 days or longer. Here’s a detailed review.
Cash Back Visa Card: Spend at least $100 within 6 months of getting the card.
Personal Line of Credit: Use at least $100 from your credit limit within 6 months of getting approved.
After meeting the eligibility requirements, your $50 cash reward is paid out within 15 business days.
How do you get an extra $400 from Simplii?
New clients who open a Simplii Chequing account get a $400 bonus when they add a direct deposit of $100 to their account for 3 consecutive months.
Your direct deposit payments can be from your employer (paycheque) or a pension payment from the government.
In total, you can earn up to $450 through this Simplii promotion.
Simplii $100 Mortgage Bonus
When you get a mortgage loan through Simplii using a refer-a-friend mortgage code, you get a $100 bonus after qualifying.
To be eligible, you must provide the promotional mortgage code to a Simplii Financial mortgage specialist or broker when applying for the mortgage.
You must also hold a free Simplii No Fee Chequing account.
This $100 bonus is credited to your account by the end of the second calendar month following the date you received funding.
Simplii $500 Referral Bonus
As a Simplii customer, you can participate in its Refer A Friend program and earn thousands of dollars by referring friends who need a fee-free chequing account, high-interest savings, or mortgage.
For every friend that opens an eligible account using your referral link (chequing, savings, credit card, or line of credit), you both get $50.
If your referral opens an eligible mortgage account, they get a $100 bonus, and you earn $500.
In addition to offering sign-up bonuses, Simplii also has various promotions ongoing at various points in time.
The current Simplii promotions available as of this writing are:
No Fee Chequing: Earn $400 when you meet the requirements (as explained above).
High-Interest Savings: Earn 6.00% interest on new deposits for 5 months.
Cash Back Visa Card: Get a 9.99% introductory interest rate on purchases for the first 6 months (19.99% after the promo ends).
Simplii Referral Bonus FAQs
How do I get the $350 Simplii bonus?
After opening a Simplii no-fee chequing account using the links above, add a direct deposit of at least $100 to your account for three consecutive months.
Click on the “Refer A Friend” section of your dashboard to access your referral link.
How do I get the Simplii savings promotion?
You can take advantage of the Simplii savings promotion by opening an account and depositing funds. You earn the high interest rate for the promotional period.