Earn $300 when you set up an eligible direct deposit^‡

New client offer

Add your eligible payroll, pension or government benefits to your new No Fee Chequing Account.

Conditions apply. For accounts opened by April 30, 2025.

How to earn $300^‡

Cash in when you set up your first eligible direct deposit with us.

Set up an eligible direct deposit to your No Fee Chequing Account

Receive an eligible direct deposit of at least $100 a month for 3 straight months

The 3 straight months of eligible direct deposits have to happen within 120 days from when you opened your account. So set up your first direct deposit right away.

Get set up today!

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Setting up is a snap

Add an eligible direct deposit with us and use your money for things you need, not monthly fees.

Easy to set up

Setting up is simple with online and mobile banking.

No monthly fees

Free daily banking means more money in your pocket.

Security you can trust

Multiple layers of data encryption to keep your money safe.

Set up an eligible direct deposit today

You’re just a few clicks away.

Step 1

Sign on to Online Banking and select your No Fee Chequing Account.

Step 2

Choose “Void Cheque/Direct Deposit.”

Step 3

Print or save your pre-filled form and give it to your employer or provider.

Sign on

Step 1

Sign on to Mobile Banking Opens the Simplii Financial Mobile Banking App..

Get the app:

Step 2

Select your No Fee Chequing Account.

Step 3

Go to “Account Info” to find the details you’ll need to set up direct deposit, including your institution number, transit number and account number.

Desktop

Step 1

Sign on to Online Banking and select your No Fee Chequing Account.

Step 2

Choose “Void Cheque/Direct Deposit.”

Step 3

Print or save your pre-filled form and give it to your employer or provider.

Sign on

Mobile

Step 1

Sign on to Mobile Banking Opens the Simplii Financial Mobile Banking App..

Get the app:

Step 2

Select your No Fee Chequing Account.

Step 3

Go to “Account Info” to find the details you’ll need to set up direct deposit, including your institution number, transit number and account number.

Getting government payments?

Set up CRA direct deposit right from online banking or the mobile app.

Tell me more

FAQ

What counts as an eligible direct deposit?

Category	Description
Payroll	Payroll deposit, special payroll, vacation payroll, overtime payroll, advance payroll, commission payroll, bonus payroll, adjustment payroll
Pension	Federal pension, provincial pension, private pension, Canada Pension Plan, Canada Pension Commission
Government benefit or social assistance	Canada Emergency Response Benefit, Canada Emergency Student Benefit, Canada Recovery Benefit, Ontario Disability Support Program (ODSP)
Insurance	Employment Insurance, Provincial Parental Insurance

Simplii Financial is a division of CIBC, a CDIC member
CDIC Deposit Insurance Information Opens in a new window.

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Earn $300 when you set up an eligible direct deposit^‡

How to earn $300^‡