Best chequing account promotions in Canada

Earn cash bonuses, interest and more with these new chequing account offers and promotions.

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Romana King

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Bank account promotions can be lucrative for new customers. While many chequing account offers include cash rewards, gift cards, or waived fees, some include gifts such as a new iPad or other types of merchandise. If you’re in the market for a new chequing account, check out the most current chequing account promotions:

Best chequing account offers for December 2024

  • BMO Performance Chequing Account: Get up to $700 in cash bonuses. Earn $450 when you open a new BMO Performance Chequing Account and $200 when you open a Savings Amplifier Account. Plus, earn an additional $50 when you add a second member and make it a BMO Family Bundle. Valid until March 3, 2025. Also earn a 4.75% promo interest rate when you open a Performance Chequing and a Savings Amplifier Account.
  • Simplii No Fee Chequing Account: Earn $300 when you become a new client and set up a direct deposit of at least $100 for 3 months. Offer ends April 30, 2025.
  • Scotiabank Preferred Package: Earn up to $800 with a Scotiabank Preferred package and an investment plan. Valid until March 1, 2025. Plus, earn up to 5.20% interest for 3 months on your MomentumPLUS Savings Account.
  • RBC Signature No Limit Banking Account: Get $450 when you open an RBC Signature No Limit Banking Account. Apply by February 10, 2025.
  • Tangerine No-Fee Daily Chequing Account: Earn up to $250. Open a No-fee daily Chequing Account and switch your payroll deposits to your new Tangerine Chequing Account for 2 consecutive months to receive $250.
  • CIBC Smart Account: Get a $600 cash offer when you open a CIBC Smart Account as your first chequing account, then open your first CIBC eAdvantage Savings Account in the same calendar month and complete the qualifying actions within 2 months.
  • TD Unlimited Chequing Account: Earn a welcome bonus worth $500 ($400 when you open this account and complete qualifying tasks plus $100 when you open a new eligible savings account and complete qualifying tasks. Terms and conditions apply). Offer ends February 25, 2025.

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BMO offers

BMO is one of the original Big Five Banks in Canada. As a traditional bank with a strong commitment to online service, BMO will often run new customer promotions for those looking to open a chequing account. Here are the latest BMO promotions.

BMO Performance Chequing Account

Get up to $700 in cash bonuses. Earn $450 when you open a new BMO Performance Chequing Account and $200 when you open a Savings Amplifier Account. Plus, earn an additional $50 when you add a second member and make it a BMO Family Bundle. Valid until March 3, 2025. Also earn a 4.75% promo interest rate when you open a Performance Chequing and a Savings Amplifier Account.

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BMO Premium Plan Chequing Account

Get up to $700 in cash bonuses. Earn $450 when you open a new BMO Premium Plan Chequing Account and $200 when you open a Savings Amplifier Account. Plus, earn an additional $50 when you add a second member and make it a BMO Family Bundle. Valid until March 3, 2025. Also earn a 4.75% bonus interest rate when you add a Savings Amplifier Account.

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BMO Plus Chequing Account

Earn $100 when you open an account and setup recurring deposits and bill payments. Valid until March 3, 2025.

BMO AIR MILES Chequing Account

Earn up to a 4.75% promo interest rate when you open a new AIR MILES Chequing Account and Savings Amplifier Account. Valid until February 28, 2025

Simplii promotions

Affiliated with CIBC, Simplii is a well-established online bank in Canada that regularly offers incentives for new account openings. Check out these current Simplii offers:

Simplii No Fee Chequing Account

Earn $300 when you become a new client and set up a direct deposit of at least $100 for 3 months. Offer ends April 30, 2025.

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Coast Capital promotions

Coast Capital is one of the largest credit unions in Canada. Based in British Columbia, it offers access to multiple types of chequing accounts and a variety of savings accounts. Here are the current offers from Coast Capital credit union:

RBC chequing account promotions

RBC is part of the Big Six Banks club — a list of large, traditional Canadian banks that make up the banking pillar of the Canadian financial system. As a large, well-established bank, RBC offers a number of promotions throughout the year for new and returning clients. Here are the current RBC chequing account promotions:

RBC Signature No Limit Banking Account

Get $450 when you open an RBC Signature No Limit Banking Account. Apply by February 10, 2025.

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RBC VIP Banking Account

Get $450 when you open an RBC VIP Banking Account. Apply by February 10, 2025.

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RBC Advantage Banking for Students

Get $100 when you open an account and complete one of three steps. Valid until January 31, 2025.

Tangerine promotions

As an online bank, Tangerine usually offers new customers cashback promotions. Here are the current Tangerine chequing account promotions:

Tangerine No-Fee Daily Chequing Account

Earn up to $250. Open a No-fee daily Chequing Account and switch your payroll deposits to your new Tangerine Chequing Account for 2 consecutive months to receive $250.

Scotiabank promotions

Scotiabank is part of the Canadian Big Five Banks list. As a large, traditional bank, Scotiabank will run promotions to attract new customers to specific products, including their day-to-day bank products, such as chequing accounts. Here are the current chequing account promotions from Scotiabank:

Scotiabank Ultimate Package

Earn up to $800 with a Scotiabank Ultimate package and an investment plan. Plus, earn up to 5.25% interest for 3 months on your MomentumPLUS Savings Account. Valid until March 1, 2025.

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Scotiabank Preferred Package

Earn up to $800 with a Scotiabank Preferred package and an investment plan. Valid until March 1, 2025. Plus, earn up to 5.20% interest for 3 months on your MomentumPLUS Savings Account.

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Scotiabank Student Banking Advantage Plan

Earn a welcome cash bonus of up to $100 and 7,500 Scene+ points when you open an account. Apply by February 28, 2025.

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National Bank promotions

National Bank is the last of the traditional banks to join the Big Six Banks list. To gain a competitive edge, Natioanl Bank will frequently run chequing account promotions in order to attract new customers. Here are the current National Bank chequing account promotions:

National Bank The Total Chequing Account

Get $150 towards an eligible National Bank credit card you activate after opening a National Bank The Total Chequing Account.

National Bank Connected Account

Get $30 cashback when you get an eligible National Bank credit card you activate after opening a National Bank Connected Account.

CIBC promotions

CIBC is a large, traditional bank with customers across Canada. New customers can expect CIBC promotions for a variety of accounts. Here are the current CIBC chequing account promotions:

CIBC Smart Account

Get a $600 cash offer when you open a CIBC Smart Account as your first chequing account, then open your first CIBC eAdvantage Savings Account in the same calendar month and complete the qualifying actions within 2 months.

CIBC Smart Plus Account

Get a $600 cash offer when you open a CIBC Smart Plus Account as your first chequing account, then open your first CIBC eAdvantage Savings Account in the same calendar month and complete the qualifying actions within 2 months.

CIBC Smart for Students

Get $100 when you open an account and make five Visa Debit purchases online within two months (purchases must be made in the same month). Terms & conditions apply.

TD Bank offers

Quite often, TD Bank will offer cash bonuses and gift cards, among other perks, to new customers. Learn more about TD chequing account promotions currently in the market:

TD All-Inclusive Banking Plan

Get up to $500 when you open a TD All-Inclusive Banking Plan. Valid until February 25, 2025.

TD Unlimited Chequing Account

Earn a welcome bonus worth $500 ($400 when you open this account and complete qualifying tasks plus $100 when you open a new eligible savings account and complete qualifying tasks. Terms and conditions apply). Offer ends February 25, 2025.

TD Student Chequing Account

Earn up to $495 in value when you open a new TD Student Chequing Account. Valid until April 30, 2025.

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Group Editor | Personal finance expert

Romana King was the Canada group editor at Finder and a personal finance expert. As an award-winning personal finance writer and real estate expert, she has spent almost two decades helping Canadians make smarter money management decisions. Her first book, House Poor No More: 9 Steps That Grow the Value of Your Home and Net Worth, launched in November 2021, continues to be an Amazon bestseller and won the Excellence in Financial Journalism Book Award in 2022. See full bio

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