October 2022

Best Bank Account Promotions Canada

We found the top new bank account offers and ranked them based on requirements, terms & conditions, ease of claiming, and more.

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If you're looking for a new bank account or some free money, most Canadian banks offer hundreds of dollars worth of sign up bonuses for opening a new account.

This page makes it easy to compare the best bank account offers in Canada. We collected various offers from top banks and ranked them from best to last. Make sure to always read the terms and conditions for each offer. We do our best to keep this info up-to-date but it can change at any time without notice.

Browse 6 Offers and $2,100+ available ($341 average):

#1
Tangerine

Tangerine: 20% cash back + 4.25% Interest

This is the easiest offer to claim. Open your first chequing and savings account with promo code EARNMORE. You will earn 20% cash back on your Visa Debit card for 60 days (up to a max of $400). Online purchases only. To get the full $400 cash back, you must spend $2,000 within 60 days through eligible online purchases. Official Terms & Conditions

  • Easy, digital sign up
  • 20% cash back on your Visa Debit for 60 days (online purchases only & max cash back of $400)
  • 4.25% interest in your Savings Account for 5 months (max balance of $1M)
  • No minimum balance and no fees on daily transactions

Expires

Oct 13, 2022

#2
Simplii Financial

Simplii Financial: $350 free

Open your first no fee chequing account to get $350 free. To qualify, you must add an eligible direct deposit of $100/month for 3 months straight (eg. payroll). Most automated and recurring direct deposits count. Official Terms & Conditions

  • Easy, digital sign up
  • No minimum balance or monthly fees
  • Receive funds 5 months after your account is opened

Expires

Oct 31, 2022

#3
TD Bank

TD Bank: $300 Amazon Gift Card

Open a new TD chequing account before Oct 31, 2022 and complete two of the following before Dec 27, 2022: Set up a recurring direct deposit, set up a recurring pre-authorized debit payment of at least $50, make an online bill payment of at least $50. Within 12 weeks, you will receive a $300 Amazon Gift Card by email. Official Terms & Conditions

  • Monthly Fee: $16.95 or $29.95 OR free if you hold a balance of $4,000 or $5,000, respectively
  • x2 additional $50 gift cards are available ($400 total, see terms)
  • Receive gift card by Jan 31, 2023

Expires

Oct 31, 2022

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#4
BMO

BMO: $400 free

Open a new chequing account to get $350 free. To claim this offer, you must make a deposit of any amount by Oct 31, 2022. Then, by Dec 31, 2022 you must do two of the following: set up a recurring deposit, make an eligible online bill payment of at least $50, or set up an eligible pre-authorized debit of at least $50. Official Terms & Conditions

  • Earn $350 when you open a new performance chequing account online
  • Monthly fees: $16.95 or $30.00 OR free with a balance of $4,000 or $6,000, respectively
  • Bonus will be received by Jan 31, 2023
  • Get an additional $50 ($400 total) if you invite a family member to do the same

Expires

Oct 31, 2022

#5
Scotiabank

Scotiabank: $300 free

Open a new Ultimate or Preferred package bank account for a $300 cash bonus. To claim this offer, you must complete two of these actions within 60 days of opening your account: Make a $50 bill payment, set up 2 separate recurring pre-authorized transactions ($50 each) that recur monthly for 3 consecutive months, or set up 1 automated recurring deposit (at least $50) such as payroll for 3 consecutive months. Official Terms & Conditions

  • Monthly fees: $16.95 or $30.95 OR free if you hold a balance of $4,000 or $5,000 respectively
  • Receive bonus within 6 months from account open

Expires

Oct 31, 2022


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