🇨🇦 2026 Canada Bank Account Opening Bonuses: Latest Offers

1️⃣ Earn $700 when you:

1. Open and fund a new BMO Performance or Premium chequing account by November 2, 2026
2. Set up a recurring direct deposit of at least $500 by December 31, 2026
3. Complete 1 additional qualifying action by December 31, 2026. You can either:
   • Make two bill payments of $50 or more to two different payees through online or mobile banking
   • Set up two pre-authorized debits of $50 or more from two different payees

2️⃣ Earn $150 when you:

1. Open a Savings Amplifier Account by November 2, 2026
2. Deposit $10,000 or more within 30 days
3. Maintain your deposit for 120 days to enjoy a 5.00% promo rate
4. Maintain your deposit for another 90 days to earn your cash bonus

3️⃣ Earn $50 when you:

1. Apply 1 Goal and 1 Strategy in the My Financial Progress plan by December 31, 2026

➡️ Step 1: Open a CIBC Smart® Account and set up direct deposit

1. Open the account: Open your first CIBC Smart Account.
2. Set up direct deposit: Within 2 months of opening, set up at least one recurring direct deposit of $500 or more per month from an employer, the government, or a pension.

➡️ Step 2: Complete the required everyday transactions for the chequing cash bonus (up to $500)

Within 60 days of opening, complete one of the following in the same calendar month:

• 2 pre-authorized debits (PADs);
• or 2 online bill payments of $50 or more;
• or 5 eligible Visa Debit purchases.

Note: Once the account is open and you meet the requirements above, the chequing bonus is $500.

➡️ Step 3: Stack the credit card offer (up to an extra $350)

1. Card-opening bonus ($100): Apply and get approved for any eligible CIBC credit card within 1 month of opening the bank account for an extra $100.
2. CIBC Dividend Visa Infinite cash back (up to $250):

• For the first 4 statement months, the first $2,000 of online and everyday spending earns 10% cash back (up to $200).
• Set up your first pre-authorized payment for a $50 cash back bonus.

$700 Cash Bonus for Preferred or Ultimate Package Conditions

2. To qualify for the $700 cash bonus (the “$700 Package Bonus”), you must:

a. Open a new Ultimate Package or new Preferred Package chequing account (the “Eligible Chequing Account”) during the Offer Period;

b. Within 60 days of Eligible Chequing Account opening, set up and receive at least one eligible automated and recurring direct deposit, such as payroll or pension, which will recur monthly for a minimum of six (6) consecutive months in total; and

c. Within 60 days of Eligible Chequing Account opening, complete any one (1) of the following activities:

i. Set up and make a minimum of one (1) eligible recurring pre-authorized transaction with a value of at least $50 which will recur monthly for a minimum of six (6) consecutive months, or

ii. Make at least one (1) eligible online bill payment of at least $50 through the Scotiabank Mobile App or through Scotia OnLine, or

iii. Complete at least one (1) eligible Visa* Debit purchase using your ScotiaCard® anywhere Visa* Debit is accepted. Only the following Visa Debit transaction types are eligible: online debit purchases, and in-store purchases made outside of Canada.

3. Click here for a list of eligible direct deposits, pre-authorized transactions and online bill payments. Notwithstanding a transaction may be included in these lists, certain exclusions may still apply and Scotiabank reserves the right to modify these lists and to determine whether a specific direct deposit, pre-authorized transaction or bill payment is eligible for the $700 Package Bonus. Fund transfers initiated to other Scotiabank accounts (one time or recurring, e.g. credit card or savings account), to chequing or savings accounts held at other financial institutions, or to payment processing firms, are not eligible for the $700 Package Bonus.

$200 Money Master Savings Account Bundle Conditions

4. To qualify for a $200 cash bonus (the “$200 Savings Bundle Bonus”), you must meet all of the conditions for the $700 Package Bonus, and:

a. During the Offer Period and within 60 days of opening your Eligible Chequing Account:

i. Open a new Money Master Savings Account (the “Eligible Savings Account”).

ii. Enroll your new Eligible Savings Account in either the Pay Yourself First or the Savings Finder tool (each a “Smart Savings Tool”).

b. Remain enrolled in your selected Smart Savings Tool for 90 consecutive days.

5. Enrolment in a Smart Savings Tool is subject to certain eligibility requirements and can only be done through the Scotiabank mobile banking app. For example, enrollment in the Pay Yourself First tool will not be available if you have not had at least 4 recurring deposits to your Scotia Chequing Account at the time you attempt to enroll. Also, both the Eligible Chequing and Savings Accounts must be “Any to Sign” to be eligible for the Smart Savings tools. Only one Smart Savings Tool can be enrolled in at a time but you can switch tools at any time, however, you must remain enrolled in a Smart Savings Tool for 90 consecutive days from the date of first enrolment in Section 4.a.ii. above. See the Smart Savings Tool Agreement for full terms and conditions.

$100 Credit Card Bundle Bonus Conditions

6. To be eligible to receive a $100 cash bonus (the “$100 Credit Card Bundle Bonus”), you must meet all of the conditions for the $700 Package Bonus, and:

a. Within 60 days of opening your Eligible Chequing Account, you must apply for and be approved for an Eligible Credit Card Account in which you are the primary cardholder; and

b. Within 60 days of opening your Eligible Credit Card Account, you must complete at least one Qualifying Purchase on your Eligible Credit Card Account.

➡️ Step 1: Open an eligible chequing account

• Which account: By November 2, 2026, open a new TD Unlimited Chequing Account or TD All-Inclusive Banking Plan. ⚠️ If you already had a TD chequing account before that date, you cannot join this new-customer offer.

➡️ Step 2: Complete the required everyday transactions for the cash bonus

Before the posted deadline (transactions generally need to post by early January of the following year), complete any two of these three:

1. Direct deposit: Set up a recurring direct deposit from an employer, a pension, or a government department, weekly, biweekly, or monthly.
2. Online bill payment: Make at least two bill payments of $50 or more through TD EasyWeb or the TD app.
3. Pre-authorized debit: Set up at least one recurring pre-authorized debit of $50 or more, weekly, biweekly, or monthly.

➡️ Step 3: Add a savings account and a credit card to reach the full value

Reaching the full $750 usually also means:

1. Open a savings account: Within 30 days of opening the chequing account, add an eligible TD savings account, such as Every Day Savings, and set up an automatic transfer or Simply Save. You can also earn a promotional savings rate for a set period.
2. Apply for a specified credit card: Apply and get approved for an eligible TD credit card, such as the TD Aeroplan Visa Infinite or TD Cash Back Visa Infinite, and keep the account active for the required period.

Part 1, the base bonus: $300

• What to open: Open The Connected® chequing account or The Total® chequing account as your main account.
• Requirements (within 120 days):

1. Register for and turn on online banking.
2. Complete 20 eligible transactions (debit purchases and online or app bill payments; refunds and the monthly account fee do not count).
3. Receive 3 eligible direct deposits of at least $100 each:

• Deposit 1: within the first 60 days
• Deposit 2: from day 60 through day 89
• Deposit 3: from day 90 through day 120

Part 2, optional bonuses ($100 each, up to an extra $300)

Credit card bonus ($100)

• What to do: Within 120 days of opening, apply and get approved for a National Bank personal credit card, such as the Platinum Mastercard®, World Elite® Mastercard®, or Echo® Cashback Mastercard®.
• Spending: Make at least 20 purchases or cash advances on that new card. Annual fees, interest, and refunds do not count.

Mortgage auto-payment bonus ($100)

• What to do: Set up a recurring pre-authorized payment for an NBC mortgage from the new NBC chequing account.
• Note: The mortgage has to be an NBC mortgage. You cannot move another bank’s mortgage payment onto this account.

High-interest savings account bonus ($100)

• What to do: Within 15 days of opening the chequing account, open a new high-interest savings account.
• Deposit: Put in at least $5,000, and keep the balance at $5,000 or more for the full 120 days after opening, with no break.