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 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 $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 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 $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).
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.
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.
2 thoughts on “Simplii Refer A Friend Promotion 2023: Get Up To $500 Bonus”
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?
@Cheryl: No, I think they must be a brand new Simplii client.