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Simplii Refer A Friend Promotion 2022: Get Up To $500 Bonus

Gravatar for Enoch Omololu
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New Simplii Financial clients can earn up to a $350 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 above-mentioned accounts, 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.

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 $350 from Simplii?

New clients who open a Simplii Chequing account get a $350 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 $400 via this Simplii promotion.

Get Simplii Account (up to $400 bonus)

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.

Simplii Promotions

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 $350 when you meet the requirements (as explained above).

High-Interest Savings: Earn 5.00% interest on new deposits until January 31, 2023.

Cash Back Visa Card: Get a 9.99% introductory interest rate on purchases for the first 6 months (19.99% after the promo ends).

Visit Simplii

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 3 consecutive months.

Where do I get my Simplii Financial referral link?

Click on the “Refer A Friend” section of your dashboard to access your referral link.

Related

Simplii Financial Accounts

$0
10

Monthly fees

10.0/10

High interest rates

10.0/10

Customer support

10.0/10

Overall Value

10.0/10

Pros

  • Free chequing
  • No-fee credit card
  • Mortgage bonus

Cons

  • Online-only bank
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Gravatar for Enoch Omololu

Enoch Omololu

Enoch Omololu is a personal finance expert who has a passion for helping others win with their finances. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School and has been writing about money management for over a decade. Enoch has been featured in several leading personal finance publications including MSN Money, The Globe and Mail, Wealthsimple, and the Financial Post.

2 thoughts on “Simplii Refer A Friend Promotion 2022: Get Up To $500 Bonus”

  1. Gravatar for Cheryl Mercier

    Can I refer a friend who is already a Simplii client but who hasn’t sent a Global money transfer. I would like to take advantage of $25 referral link. How do I do this?

    • Gravatar for Enoch Omololu

      @Cheryl: No, I think they must be a brand new Simplii client.

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