Simplii Financial and Frugal Flyer Have Partnered to Offer You Record High Bonuses
Today we present to you new and very generous account opening promotions being offered by Simplii Financial on both their credit card and chequing accounts. Through Frugal Flyer Rebates, these offers are even more lucrative.
Product | Welcome Bonus | Frugal Flyer Rebate | Total Value |
---|---|---|---|
Simplii No Fee Checking Account | Earn $300 after receiving direct deposit ($100 minimum) for 3 consecutive months. | $60 | $360 |
Simplii Financial Cash Back Visa Card |
| $60* | $140 |
Simplii High Interest Savings Account | Earn a a promotional interest rate of 4.25% for . Limits apply. Offer ends Sep 30, 2025. | $40 | $40 |
Simplii No Fee Chequing Account

The Simplii No Fee Chequing Account is a digital-only, no-fee account with no minimum balance, and unlimited debits, bill payments, and withdrawals. It also has free Interac e-Transfers, and a Global Money Transfer service. Simplii operates under the CIBC umbrella which means you have access to CIBC ATMs for cash management.
The Simplii No Fee Chequing account offers unlimited debit transactions, Interac e-Transfer transactions, and withdrawals at CIBC ATMs.
Check out our Simplii No Fee Chequing Account review for more details.
Up to $300 welcome bonus + $60 FlyerFunds on approval
Chequing
$0.00
We’ve discussed previously how you can even pay US credit card bills using Simplii bill payments.
The current $300 bonus being offered on the Simplii Chequing account is the highest we’ve seen. Combine it with our rebate to earn an easy $360. Learn more about our cash back rebates on Simplii Financial bank accounts.
How to Get the Simplii Financial Chequing Account Signup Bonus
To be eligible for the bonus, you must not have any banking relationship with Simplii. From there, the following must be completed within 120 days of account opening to qualify for the cash:
- Set up a recurring direct deposit(s) totaling at least $100 per month.
- Have the $100+ direct deposit credit into your account for at least 3 consecutive months.

The following are listed as examples of eligible direct deposits: payroll, pension direct deposits, old age security, disability payments, and governmental deposits, such as employment insurance.

If you’ve read our recent post on the value of bank account opening promotions, you know that not all bank offers are worth it, depending on the value and the steps involved. However, this Simplii Financial chequing account bonus is as easy as it gets, and for this offer it is definitely worth it!
Having used Simplii myself for daily banking, I can comment that the online dashboard and interface are very good, and customer service is highly responsive (a trend I’ve noticed with online-only banks).
Simplii Cash Back Visa Credit Card
The Simplii Financial Cash Back Visa card earns 4% cash back on purchases at restaurants, bars, and coffee shops on up to $5,000 in spending per calendar year.
Check out our Simplii Financial Cash Back card review for more details.
$80 cash back
$1,000
$140+
$0.00
Yes
–
The Simplii Cash Back Visa is a solid credit card to have in your wallet, if only for its 4% cash back at restaurants, bars, and coffee shops. While it offers lower returns than the American Express Cobalt card or Scotiabank Gold American Express card, we all know that merchant acceptance means these often aren’t an option when it comes time to pay.
See our Simplii Cash Back Visa card review to learn more.
Simplii High Interest Savings Account (HISA)
The Simplii High Interest Savings account has no fees and no minimum balance requirement. Although there is no welcome bonus, it does have a promotional interest rate from time to time, currently 4.25%. The current non-promotional rates can be found on Simplii’s website.

If you’ve got some cash to park while you’re waiting on the sidelines of the stock market or saving up for a large purchase, why not at least get a half-decent return?
The Simplii High Interest Savings account offers a varying interest rate depending on the total account balance and a promotional interest rate of 4.25%.
Earn 4.25% interest for 4 months + $40 FlyerFunds on approval
Savings
$0.00
Frugal Flyer is offering a $40 rebate to open this account. While this isn’t a lot, if you’re already taking advantage of the chequing and/or credit card accounts, there is no additional cost to you to tack on the savings account as well.
After all, three is better than one, right!?
Note: You must fill out our rebate application and sign up for each Simplii product separately.
Frequently Asked Questions
The cash will be deposited directly into your chequing account on the fifth month of account opening, after you’ve satisfied the eligibility criteria (direct deposit).
Yes you can, and you might as well to maximize your return. At a minimum, the chequing account pairs quite nicely with the credit card.
Unfortunately no, Simplii Financial now stipulates that you are only eligible for a rebate on your first ever product with them.
No it does not, if using a referral, you must use a friend or family member’s personal link which is not compatible with ours.
The Simplii referral offer is $50 for you, and $50 for your friend. However the disadvantages of this offer compared to Frugal Flyer rebates are:
– You cannot get paid for multiple products. For example, if you signed up for a Simplii credit card, checking account, and savings account, you’d get $50 through referral, but $100 through Frugal Flyer.
– The referral offer is only for new clients. If you have any Simplii Financial products you would not be eligible.
Yes, Simplii Financial is a division of CIBC, which is a CDIC member.
According to a Simplii Financial rep, this error is most likely to occur if you’ve had an account with Simplii in the past that invalidates your eligibility for the offer. Quoted text is below.
“First in regards to the $350 New Client Offer you asked about, they were right that you must open an account between February 1 and July 31, 2022 to be eligible. This offer is also eligible only to new clients who had no products or relationship with Simplii Financial between November 1, 2017, and January 31, 2022. If you had an account but closed it during this period, this would also explain why you are receiving error code #5912 when you try to apply through Frugal Flyer’s website”
Reed Sutton
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Looking back at the math – maybe it is better that I open a chequing through Frugal for $60 rebate, refer a friend to get a high interest saving account, so they can get $50, while I get $125.
Then I will apply for the savings account and credit card to get $100, and my friend can apply for the chequing account and credit card for $120. Both of us will complete these applications through Frugal – does that work?
Sorry for posting a separate comment – was not able to reply to my previous comment or edit it.
Appreciate your response!
Hi Jemapelle,
FYI – Simplii products are, as of recently, only eligible for rebate if its your first product with them. So you can’t stack multiple rebates.
In general I also wouldn’t count on being able to stack applying through a referral with a rebate. You can’t simultaneously use two links to apply, you have to pick one.
Hi Reed,
Thank you for your response. To confirm my understanding, Is the most that I can get from Frugal is $60?
Is the note below no longer applicable?
“Note: You must fill out our rebate application and sign up for each Simplii product separately.”
Correct. I’ve just updated the post, FAQ, and that note to reflect the new policy. Apologies for the confusion.
Simplii’s refer a friend program now has $125 for the referer, and $50 for the referee.
If I open the chequing account through Frugal flyer and get $60 rebate, and refer a friend to get $125 for myself, and $50 for my friend.
Can we still each get $100 ($60 + $40) rebate for the saving account and credit card for a total of $200 if we apply for the products through frugal?
Hi Reed,
Thanks for this article – super helpful. I’m considering to apply for the HISA with the frugal flyer referral links.
Question – if I am currently already a CIBC customer, will I be eligible for the Simplii HISA 6.25% offer?
Cheers,
Ran
Hi Ran,
Yes, you would be eligible, as Simplii is considered to be a completely separate entity from CIBC.
Any insight on when the cash back promotions for savings, chequing, and credit accounts will resume?
Apparently Simplii is still working on it but are hopeful for things to resume in August or September.
If I sign up for chequing account using the referral link here, can I apply for the frugal flyer rebates on savings account and credit card when they become available again? Or is it best to wait?
Yes you should be able to, assuming the rebates do return.
Did this offer expire May 31, 2022? Or will it be extended?
Hi Ran,
The offers for the Simplii Chequing and Savings account have been extended. The Chequing account offer has been extended until July 31, 2022 and the Savings account offer has been extended until October 31, 2022.
We are currently not offering a cash back rebate on the Simplii Visa card. Please check our rebates page for the most up-to-date offers.
Is Frugal Flyer still offering the $40 rebate for opening a Simplii savings account? Or did that offer end on May 31?
I only have a chequing account with simplii and no other accounts.
Hi Gary,
Frugal Flyer is continuing to offer a $40 rebate on new savings account sign-ups until October 31, 2022. You can always check our rebates page for the most up-to-date offers.
I signed up before this rebate got taken down, so how does this work now?
Hi Mandeep,
We will be paying out any approved Simplii account rebates that our readers applied for before we pulled the promotion down. We hope to bring back this promotion in the near future.
On the question No.3 Do I need to complete your rebate form separately for each offer?
Yes, at this time you must sign up for each product separately, and submit an application form for each. Simplii has not set up ‘cross-selling’ feature with our affiliate partner, yet.
It’s not working. I never open any service from Simplii, but after I opened Chequing account yesterday and then move on to 2nd application for Savings account through your rebate link, I see the same Error message {Result #5912}. How can I apply for 2nd, and 3rd credit card if I get the same error? What should I do now? I feel bad for not just using referral code.
Based on your FAQ each offer must be signed up for with its own link via frugal flyer, so the chequing acct and then the HISA account must be submitted separately but when I try to do that, it gives me the 5912 error suggesting that it recognizes that I’ve previously set up the chequing account and does not allow me to then set up the HISA account. Please advise, thanks
Hi Robin. How long after the first application did you try for the next one?
Some people report it showing that error for a few hours after the initial application…
Has this issue been resolved? Seeing data points elsewhere suggesting that this is a common issue and I don’t want to run into it as well.
Seems to be sporadic and only affecting some people. Apply for the checking account first would be my recommendation. I will update if we hear more.
Hi. We’ve inquired with our affiliate provider about this issue. Will follow up when we hear back.
Which credit bureau does Simplii check for opening checking account? Just cautious with my TU hits.
Equifax. You may or may not get a hard hit. Mixed data points.
thanks Reed
Can I sign up for a chequing account through a referral and still get the $40 rebate if I sign up for the savings account through Frugal Flyer?