Simplii Review
What Simplii offers, how the referral bonus works and whether it's worth signing up.
Last reviewed: October 2026
Overall Rating
The Simplii referral code for 2026 is really a link, not a code, and the offer is generous: $50 for opening an account, $350 with a No Fee Chequing Account and up to $100 with the Cash Back Visa. The chequing reward takes 4 months of direct deposits, so it's a slow burn, but the total is one of the larger bonuses for a no-fee account.
About Simplii
Simplii offers a No Fee Chequing Account, a High Interest Savings Account and a Cash Back Visa, all managed online or in the app.
You can earn up to $500 in total: a $50 referral bonus, a $350 cash reward with the No Fee Chequing Account and up to $100 with the Cash Back Visa. Use the Get Started button to open your account through our referral link.
Up to $500
Total rewards available
$350
No Fee Chequing reward
CIBC Division
Direct banking
CDIC Protected
Up to $100K per category
What Simplii Offers
The main products you get with a Simplii account.
No Fee Chequing Account
An everyday account with no monthly fee. Set up an eligible direct deposit of $100 or more a month for 4 straight months to earn the $350 cash reward.
High Interest Savings Account
A savings account that qualifies for the $50 referral bonus when you deposit $100 within 6 months and keep it in the account for 30 days.
Cash Back Visa Card
A rewards card with up to 20% cash back in your first 3 months on up to $500 of eligible gas, grocery, drugstore and pre-authorized payment spending.
Direct Deposit Rewards
Your paycheque, pension or employment insurance can count as the eligible direct deposit for the chequing bonus.
Online and Mobile Banking
Manage your accounts, deposits and card from the app or the website with no branch visits needed.
CIBC Backing
Simplii Financial is a direct banking division of CIBC, so deposits are held at a CDIC-member bank.
Key Features
What stands out about Simplii in everyday use.
- Up to $500 in total rewards across the referral, chequing and Visa bonuses
- $50 referral bonus for opening a chequing, savings or Cash Back Visa account through our link
- $350 cash reward with a No Fee Chequing Account and 4 months of direct deposits of $100 or more
- Up to $100 cash back on the Cash Back Visa in your first 3 months
- No monthly fee on the No Fee Chequing Account
- 6 months to complete the deposit or spend requirement for the $50 bonus
- Pay, pension or employment insurance deposits count toward the chequing bonus
- High Interest Savings Account that also qualifies for the referral bonus
- Bank online or in the app, with no branch visit required
- Deposits are held at a CDIC-member bank, protected up to $100,000 per category
Is Simplii Right for You?
It's a good fit if
you can move your paycheque or pension to a new account and want to stack three bonuses.
You might skip it if
you want a fast payout or can't set up a recurring direct deposit.
Ready to claim your $500 bonus?
See how the Simplii referral code works, the terms to watch for and the steps to claim it.
Simplii Referral Code