‡ The Simplii Financial No Fee Chequing Account $500 offer (the “Offer”) begins on August 6, 2024 at 12:01 am ET and ends on February 28, 2025 at 11:59 pm ET (the “Offer Period”). The Offer consists of a $500 cash reward (the “Cash Reward”) to qualifying primary account holders for opening and using a new Simplii Financial No Fee Chequing Account (the “New Account”) and complying with the following requirements.
1. Eligibility
This Offer is open only to Canadian residents who: (i) have reached the age of majority in their province of residence and (ii) have not held a Simplii Financial product as the primary account holder on or before January 31, 2024. This Offer can be combined with all other offers unless otherwise indicated. Individuals who meet the foregoing eligibility requirements and otherwise comply with these Terms are referred to as “Eligible Client(s).”
2. Offer requirements
To qualify for the Offer and receive the Cash Reward, an Eligible Client must:
i. Open a New Account as the primary account holder during the Offer Period. This must be the Eligible Client's first New Account opened as the primary account holder during the Offer Period;
ii. Within 120 days from the date the New Account is opened, set up one or more Eligible Recurring Direct Deposits totaling at least $100 of deposits per month into the New Account; and
iii. Have such Eligible Recurring Direct Deposit(s) credited to the New Account for at least three (3) consecutive months within the above 120-day time period.
“Eligible Recurring Direct Deposits”: Most automated and recurring direct deposits are eligible. Examples of common recurring direct deposits include: payroll, pension direct deposits, old age security, disability payments, and governmental deposits, such as employment insurance. For further details and to confirm whether an automated and recurring direct deposit qualifies for the Offer, consult with a Simplii Financial representative.
3. Payment of Cash Reward
If an Eligible Client qualifies to receive the Cash Reward, the Cash Reward will be directly deposited to the New Account within three (3) business days of all offer requirements being fulfilled. For example, a qualifying Eligible Client who opened a New Account on August 6, 2024 and completed all required Eligible Recurring Direct Deposits by October 16, 2024 will receive the Cash Reward by October 21, 2024. The New Account must remain active and in good standing at the time the Cash Reward is deposited.
4. Additional limitations and conditions
The Cash Reward must be accepted as awarded and is not transferable or assignable. No Cash Reward substitutions will be permitted. Limit of one Cash Reward per Eligible Client no matter how many New Accounts are opened. For joint accounts, only one Cash Reward is available per Account. The recipient of the Cash Reward is solely responsible for any tax consequences associated with their receipt thereof.
The Offer is subject to the terms and conditions of the Simplii Financial Products and Services Agreement. Simplii Financial reserves the right to cancel or change the terms of the Offer at any time without notice, for any reason, and to revoke the Offer from any customer who appears to be manipulating or abusing the Offer, or is engaged in any suspicious/fraudulent activity.
In the event of any discrepancy or inconsistency between the terms and conditions as provided in these Terms and disclosures or other statements contained in any Offer-related materials, including, but not limited to television, print or online advertising, the terms and conditions of these Terms shall prevail, govern and control to the fullest extent permitted by law.
† The Simplii Financial™ High Interest Savings Account Promotional Interest Rate Offer for New Simplii Clients (the “HISA Offer”) is available starting on November 1, 2024 at 12:00 am UTC and ending on January 31, 2025 at 11:59 pm UTC (the “Offer Period”). The following terms and conditions (“Terms”) explain in detail how you can earn a special annual interest rate of 6.00% for 153 days on your first Simplii Financial High Interest Savings Account (“HISA”). To accept this offer, you must open an Eligible HISA during the Offer Period and make a deposit to your Eligible HISA during the Promotional Rate Period (as such capitalized terms are defined in these Terms).
1. Promotional Rate Period
If you meet the eligibility criteria and other conditions described in these Terms, the balance of your Eligible HISA (up to $1,000,000) will earn Promotional Interest (defined below) for 153 days (which is about 5 months) from the date the HISA was opened (the "Promotional Rate Period").
2. Eligibility
To be eligible for this HISA Offer, you must:
- Be a new client with no prior relationship with Simplii Financial (a “New Simplii Client”). To become a Simplii Financial client, you must apply and be approved for a Simplii Financial product. When you apply for your first Simplii Financial product, we will create a unique client identification number for you (your “Client Number”); and
- Open a HISA for the first time as the primary accountholder during the Offer Period and within 60 days after your Client Number was created (“Eligible HISA”).
If you qualify, your Eligible HISA will earn Promotional Interest during the Promotional Rate Period (subject to certain restrictions as outlined in Section 4). Only your first Eligible HISA will qualify for Promotional Interest under this HISA Offer (no matter how many HISAs you open). For joint HISAs, the HISA may be eligible to earn Promotional Interest if the primary account holder is a New Simplii Client and meets all of the terms and conditions set out in these Terms.
3. How interest is calculated and paid
The special annual interest rate of 6.00% is a combination of the regular annual interest rate set by Simplii Financial payable on a HISA balance (“Regular Interest”), plus the promotional annual interest rate (“Promotional Interest”).
Interest on an Eligible HISA is calculated as follows:
- Regular Interest is calculated at the current rate applicable to the Eligible HISA account balance on each day’s full closing balance;
- Promotional Interest is calculated on each day's full closing balance up to a balance limit of $1,000,000 during the Promotional Rate Period
Regular Interest and Promotional Interest are calculated daily and paid monthly. Promotional Interest is paid within the first two business days following the month in which it was calculated. Promotional Interest will only be paid if the Eligible HISA is active and in good standing at the time of payment. If it is not, payment of Promotional Interest will be forfeited for that month.
Regular and Promotional Interest rates may change at any time without prior notice. For current regular rates, visit our rates page. Any change to the Regular Interest rate (or the applicable interest rate tier) will result in a corresponding change to the Promotional Interest rate so that the special annual interest rate will remain constant for the Promotional Rate Period.
At the end of the Promotional Rate Period, all balances will earn interest only at the Regular Interest rate.
4. Restrictions
Additional terms, conditions, and limitations apply to the opening of and making deposits into Eligible HISAs. Individuals must meet the criteria set by Simplii Financial to open or hold an Eligible HISA to qualify for the HISA Offer. Ask for details.
The HISA Offer is non-transferable and cannot be combined with any other promotional savings offers unless otherwise indicated. Promotional Interest cannot be substituted or transferred to a third party. Simplii Financial reserves the right to cancel or change the terms of the HISA Offer at any time, for any reason, without notice and revoke the HISA Offer for any customer who appears to be manipulating or abusing the HISA Offer, or is engaged in any suspicious/fraudulent activity. The terms and conditions of the Simplii Financial Products and Services Agreement continue to apply to all Eligible HISAs.
◇ Based on fees for unlimited transaction chequing accounts offered by 5 major Canadian banks as of January 2022.
†† To qualify, use promo code GMTEVENT to send your first Simplii Financial Global Money Transfer™ (“GMT”) using online or mobile banking from your Simplii Financial No Fee Chequing Account, Simplii Financial Personal Line of Credit, Simplii Financial Secured Line of Credit, Simplii Financial USD Savings Account or pay using your Simplii Financial Cash Back Visa card. You will receive $50 CAD credited in the account from which you sent the GMT within 6 weeks. Offer runs from November 1, 2024 until October 31, 2025 and can be changed or cancelled at any time without notice. Limit, one cash back offer per person per account including joint bank accounts. Simplii Financial Global Money Transfer Service foreign exchange rates apply to all transfers.
‡‡ This offer applies to the Simplii Financial Cash Back Visa Card. You can qualify for this offer if you apply and are approved for a new eligible card beginning May 16, 2024.
The 10% cash back offer (applies an incremental 6% cash back to the 4% cash back already awarded) on eligible restaurant, bar and coffee shop purchases and is available to new cardholders who apply and are approved for the Simplii Financial Cash Back Visa Card beginning May 16, 2024. The 6% incremental cash back applies on eligible restaurant, bar and coffee shop purchases made during your first 4 monthly statement periods beginning from your account open date or $500 in total restaurant, bar and coffee shop purchases (equal to $30 cash back), whichever comes first. This offer will not result in any changes to the 4% cash back already earned on restaurant, bar and coffee shop purchases, and those purchases will be included within the $5,000 annual spend limit that earns 4% cash back. This offer may be withdrawn or changed without prior notice at any time. Simplii Financial may, in its sole discretion, disqualify, limit or revoke this offer if you are believed to be abusing or manipulating it, or engaging in any suspicious or fraudulent activity.
Cash back is earned on net card purchases (purchases less returns) when your account is open and in good standing and not on cash advances, interest, fees, balance transfers, payments or Convenience Cheques. Cash back is calculated as follows: Earn 4% on the first $5,000 in net annual card purchases on restaurant, bar and coffee shop purchases, which currently include merchants classified as Eating Places and Restaurants; Drinking Places (Alcoholic Beverages): Bars, Taverns, Nightclubs, Cocktail Lounges, and Discotheques; Fast Food Restaurants; or Caterers. Earn 1.5% on the first $15,000 in net annual card purchases on gas, grocery and drugstore purchases and pre-authorized payments. Gas, grocery and drugstore purchases currently include merchants classified as Service Stations (with or without Ancillary Services); Automated Fuel Dispensers; Grocery Stores and Supermarkets; Drugs, Drug Proprietaries, and Druggist's Sundries; or Drugstores and Pharmacies. Pre-authorized payments are payments made on a monthly or other regular basis, which are automatically billed by the merchant to your Account. Earn 0.5% on all other net annual card purchases, including those in the categories above when the $5,000 and $15,000 limits are exceeded. If a transaction could fit under more than one cash back category, you will be awarded the cash back of the higher category, subject to the $5,000 and $15,000 limits. Merchants are classified by the credit card network and the network may change the names of classifications or change the classification of merchants at any time. Simplii Financial is not responsible for merchant classification. The $5,000 and $15,000 limits will reset to zero after the day your December statement is issued. Your cash back is applied as an annual credit on the primary cardholder’s January statement. Changes to terms, conditions and eligible merchant categories may occur at any time without notice. We may cancel the cash back program on 60 days’ notice. Credit for returns made on your Account may result in a deduction of cash back at a higher earn rate, even though the return may relate to a purchase that earned cash back at a lower rate.
"Purchase" means any Transaction other than a Cash Advance, Balance Transfer or Convenience Cheque. "Cash" means a Cash Advance, Balance Transfer and Convenience Cheque. Interest rates may change from time to time.
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