Best bank account bonuses in Canada (October 2026)
Last checked: . Bonus amounts and requirements come from each institution's own terms; confirm before applying.
These are the 9 live bank account sign-up offers we track, sorted by the maximum cash or cash-equivalent value each institution advertises. The largest right now is Scotiabank (Up to $1,000 cash).
| Institution | Product | Bonus | Ends |
|---|---|---|---|
| Scotiabank | Preferred or Ultimate Package chequing (+ Money Master Savings, eligible credit card) | Up to $1,000 cash | Oct 29, 2026 |
| BMO | Performance or Premium Plan chequing (+ Savings Amplifier) | Up to $900 cash ($150 on Practical Plan) | Nov 2, 2026 |
| CIBC | CIBC Smart Account (+ eligible credit card) | Up to $850 ($500 cash + $100 card bundle + up to $250 Dividend Visa Infinite cash back) | Ongoing / not stated |
| TD Canada Trust | TD Unlimited Chequing or All-Inclusive Banking Plan (+ savings, credit card) | $500 cash, up to $650 with bundle | Nov 2, 2026 |
| RBC Royal Bank | RBC Signature No Limit or VIP Banking | 11-inch iPad ($649 value); iPad Air/Pro or MacBook Air with $25K+/$50K+ new investment funds | Nov 2, 2026 |
| Coast Capital Savings (credit union) | Unlimited or Elevate Chequing (+ Coast Capital Mastercard) | Up to $600 ($400 chequing + up to $200 card credit; $150 on basic chequing) | Nov 30, 2026 |
| Simplii Financial | No Fee Chequing Account | $350 cash | Jan 31, 2027 |
| Tangerine | No-Fee Daily Chequing Account | $250 cash | Oct 31, 2026 |
| CIBC | CIBC Smart Start / Smart for Students | $125 cash | Ongoing / not stated |
How to compare these offers
- Direct deposit: most big-bank bonuses need a recurring payroll or government deposit. Check you can actually move yours.
- Monthly fees: premium plans carry monthly fees unless you hold a minimum balance. Subtract the fees over the holding period from the bonus.
- "Up to" amounts: the headline number usually requires opening extra products (a savings account or a credit card).
- New-client rules: many offers exclude people who held an account recently. Read the eligibility section.
- Tax: bank bonuses may be taxable income. This is general information, not tax advice.