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:
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 April 13, 2017.
BMO - $100 Cash Bonus
$100 cash bonus for opening an account online after you make a deposit and complete 5 transactions, eligibility limited to:
- deposits of $50 or more
- receiving or sending an interac e-transfer
- making a bill payment
- making an in-store or online purchase using your debit card
- setting up a pre-authorized debit
Valid until February 28, 2017.
RBC's new account promotion deposits $300 directly into your new banking account when you open a new all-inclusive banking account. The account just has to be opened before April 28, 2017 and you have to do one of the following tasks:
- Set up payroll direct deposit
- Set up two pre-authorized payments
Valid until April 28, 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.
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.
TD Canada Trust
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, is running another promotion! They're issuing $300 to everyone who opens 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
Valid to: Undisclosed.
TD Canada is also currently running a 25,000 Aeroplan Miles + 100% Annual Fee Rebate deal for your first year until March 5, 2017.
Tangerine - $150 with chequing account + referral
Bonus of up to $100 for chequing account - visit here
Receive a $25 bonus when you become a new client by opening a Tangerine Chequing Account with a deposit of $100 or more and use the Orange Key Orange25. Earn an additional $75 bonus when you switch your payroll direct deposits by February 28, 2017. Your first payroll direct deposit has to be deposited into your Tangerine Chequing Account by March 31, 2017.
Valid to: February 28, 2017
With all of the perks and features it certainly makes financial sense to take advantage of some of these offers.