Want to open a bank account AND make money while doing it? Get the inside scoop on new bank account promotions with with our updated guide for 2017 Bank Promotions in Canada!
Earn free movies or straight-up money -- anywhere between $50 to $300 -- when you open a new account or refer a friend to these banks. We will keep you updated with ongoing offers, so bookmark this and check back from time to time!
Here are some offers currently available through Canadian banks:
HSBC - Get up to $500
Up to $500 cash for opening a new Premier Chequing Account; up to $300 for opening a new HSBC Advance Chequing Account; and up to $100 for opening a new HSBC Personal Chequing Account. The loopholes:
- the minimum deposit for the HSBC Premier Chequing Account is $25,000
- the minimum deposit for the HSBC Advance Chequing Account is $5,000
- the minimum deposit for the minimum deposit required is $1,000
Valid until September 30, 2017.
RBC - Free Apple Watch or $79 iPhone
RBC's new account offers new account holders a free Apple watch or a $79 iPhone if you:
- open a Personal Banking Account before September 1, 2017
- complete one of the following by October 31:
- transfer the full amount of your automated and recurring payroll direct deposit or monthly recurring pension direct deposit to your new Eligible Personal Banking Account
- Set up two pre-authorized payments, such as a pre-authorized bill payment or pre-authorized contribution to your investment account
Valid until September 29th, 2017.
You can also get an extra 30,000 RBC Rewards Points ($700 value) when you get an RBC Bank Visa Infinite Avion.
CIBC - Get $150 with CIBC Smart Account
You can get $150 when you open a CIBC Smart Account with their mobile banking app. Here's what you need to do to qualify:
- Open a new CIBC Smart™ Account before April 13, 2017 using the CIBC Mobile Banking® App.
- Enter your information and scan a cheque to verify your identity in the app using eDeposit
- Complete a direct deposit or 2 pre-authorized payments within 3 months
Learn more about the CIBC's new bank account promotion here.
Valid until June 30, 2017.
BMO - $300 Cash Bonus + $50 Credit Card Bonus
$300 cash bonus for opening an account online after you make a deposit and complete 5 transactions, eligibility limited to:
- $200 Cash Bonus for a Performance Plan with a $4,000 minimum balance, with unlimited transactions ($14.95 monthly fee without the minimum balance)
- $300 Cash Bonus for a Premium Plan with a $6,000 minimum balance, with unlimited transactions ($30 monthly fee without the minimum balance)
- $100 Cash Bonus with a $3,000 minimum balance, with unlimited transactions ($10.95 monthly fee without the minimum balance)
Valid until September 30, 2017.
Scotiabank - 9 Free Movies
Get 5 free movies (5,000 SCENE points) when you open a bank account. You can get an additional 4 free movies (4,000 bonus SCENE points) when you register for a Scene Visa Card, too. You can use this handy calculator to get a sense of how many points you would earn every year. With a Scene Visa, you'll earn even more.
Debit Account details:
- Get 1 SCENE point for every $5 you spend using your SCENE debit card
- Get 5X the SCENE points on Cineplex purchases
You can also redeem SCENE points (1000 SCENE points = $10) at the following businesses:
- Sportchek (earn 1 point for every $1 spent)
- Swiss Chalet (earn 1 point for every $3 spent)
- Harvey's (earn 1 point for every $3 spent)
- Montana's (earn 1 point for ever $3 spent)
- Milestones (earn 1 point for ever $3 spent)
- Bier Market (earn 1 point for ever $3 spent)
- East Side Mario's (earn 1 point for ever $3 spent)
- Kelsey's Original Roadhouse (earn 1 point for ever $3 spent)
- Finn MacCool's (earn 1 point for ever $3 spent)
- You can use points to get an $25, $50, or $100 Ultimate Dining Card redeemable at any of the restaurants above
No expiration date on this deal.
Scotiabank is also currently giving away up to $75 in gift cards when folks are approved for their Scotiabank GM Visa and their Scotiabank GM Visa Infinite cards. Nothing like a little extra free money!
TD Canada Trust - $300 Cash Bonus
The Nothing Says "Welcome" like $300 Promotion
TD Canada, who just last year ran a promotion to give away free Samsung smart TVs and Tablets to folks opening a new bank account, recently gave away $300 to everyone who opened a new account and does two of the following tasks within 45 days:
- A direct deposit into the new account
- a $50 pre-authorized debit
- pay an online bill of $50 or more through the TD app EasyWeb
This promotion was extended until October 4, 2017.
Tangerine - $100 for new account + $50 Cash Bonus when you refer a friend!
From now until October 31st, you can earn $50 in bonuses when you:
- Open a new Chequing Account with Tangerine and receive a $100 bonus
- Get a $50 bonus when you refer a friend to Tangerine
Valid to: October 31, 2017.
With all of the perks and features it certainly makes financial sense to take advantage of some of these offers.