Looking for the best bank promotions in Canada? Well, look no further! In this article, you’ll discover a range of enticing offers, from cash bonuses to high-interest rates and even device incentives.
These promotions are designed to attract and retain customers like you, providing you with added benefits and value.
So, whether you’re after an iPad, cashback, or a Samsung Galaxy Tab, this article will guide you through the top bank promotions in Canada. Get ready to maximize your banking experience and reap the rewards!
Rbc’s Personal Banking Account: 10.2 Ipad and Fee Reductions
If you open an RBC Personal Banking Account, you’ll receive a 10.2 iPad and enjoy monthly fee reductions as low as $18.05 with the Value Program.
When comparing the iPad incentives offered by different banks in Canada, RBC stands out with its generous offer.
In addition to the iPad, RBC also provides benefits such as easy online account opening and unlimited debit transactions.
This means that you can open an account conveniently from the comfort of your own home and have the flexibility to make as many debit transactions as you need without any additional charges.
With the RBC Personal Banking Account, you not only get a valuable device but also enjoy the convenience and freedom that online banking and unlimited debit transactions bring.
HSBC Chequing Account: $500 Cashback and Savings
You can take advantage of HSBC’s Chequing Account promotion which offers $500 cashback and additional savings. Let’s compare the cashback offers in Canadian bank promotions to determine if the HSBC Chequing Account is worth it for new clients.
| Bank | Cashback Offer | Additional Savings |
|---|---|---|
| RBC | 10.2 iPad | Monthly fee reductions |
| HSBC | $500 | $958 in savings |
| CIBC | $400 | No monthly fee for 3 months |
| TD | Up to $300 | Samsung Galaxy Tab A7 Lite |
| BMO | Up to $300 | 10.2 iPad |
The HSBC Chequing Account offers a competitive cashback amount of $500, which is higher than other major banks. Additionally, you can benefit from $958 in savings. However, it’s important to note that this promotion is only available for new clients. There may also be eligibility requirements and a minimum balance needed to waive the monthly fee. Overall, if you are a new client looking for a substantial cashback offer and additional savings, the HSBC Chequing Account could be worth considering.
CIBC Smart Account: $400 Cash Bonus and No Monthly Fee
Consider the CIBC Smart Account for its $400 cash bonus and no monthly fee. This makes it a compelling option for new customers. When comparing cash bonuses and device incentives in bank promotions, the CIBC Smart Account stands out. It offers a generous cash bonus and the absence of a monthly fee, providing immediate financial benefits.
With the $400 cash bonus, customers can enjoy a substantial boost to their savings or use it for their financial needs. Additionally, the absence of a monthly fee for three months allows customers to save even more money during the initial period.
The CIBC Smart Account also offers other notable features such as free Interac e-Transfer transactions and the convenience of online and mobile banking.
Overall, the CIBC Smart Account offers attractive benefits with its cash bonus and no monthly fee. This makes it a strong contender in the competitive banking promotions landscape.
TD All-Inclusive Banking Plan: Up to $300 Cash and a Samsung Galaxy Tab A7 Lite
The TD All-Inclusive Banking Plan rewards you with up to $300 cash and a Samsung Galaxy Tab A7 Lite. This promotion is an attractive option for those looking to open a new bank account in Canada.
When comparing it to the CIBC Smart Account promotion, the TD All-Inclusive Banking Plan stands out with its cash bonus and the inclusion of a tablet. While the CIBC Smart Account offers a $400 cash bonus and no monthly fee for three months, the TD All-Inclusive Banking Plan provides a chance to earn up to $300 cash and receive a Samsung Galaxy Tab A7 Lite.
To maximize the benefits of bank promotions in Canada, it is important to carefully review the terms and conditions, such as eligibility requirements, minimum balance requirements, and any fees associated with the account. Additionally, consider how the promotion aligns with your financial goals and banking preferences.
BMO Performance Plan: up to $300 Cash and a 10.2 Ipad
Get up to $300 cash and a 10.2 iPad with the BMO Performance Plan, an enticing bank promotion currently available in Canada. Here’s a comparison between the BMO Performance Plan and the TD All-Inclusive Banking Plan:
Cash Bonuses:
BMO Performance Plan offers up to $300 cash.
TD All-Inclusive Banking Plan provides up to $300 cash.
Device Incentives:
BMO Performance Plan includes a 10.2 iPad.
TD All-Inclusive Banking Plan offers a Samsung Galaxy Tab A7 Lite.
When considering the benefits of choosing the BMO Performance Plan over RBC’s Personal Banking Account, you’ll find the following advantages:
Cash Rewards:
BMO Performance Plan offers up to $300 cash.
RBC’s Personal Banking Account provides monthly fee reductions and rebates.
iPad Incentives:
BMO Performance Plan includes a 10.2 iPad.
RBC’s Personal Banking Account offers a 10.2 iPad with eligibility criteria and timeline restrictions.
Pros & Cons of RBC Personal Banking Account
When looking at the pros and cons of the RBC Personal Banking Account, you’ll find several advantages and disadvantages.
Pros of this account include:
- Monthly fee reductions to as low as $18.05 with the Value Program
- The offer of a 10.2 iPad Wi-Fi 64GB
- Easy online account opening in about 5 minutes
- Unlimited debit transactions worldwide
- Free Interac e-Transfer transactions
- An opportunity to receive up to a $120 rebate on the annual fee of an eligible credit card
However, there are some cons to consider.
Cons of this account include:
- Monthly fee payments are required
- There are eligibility criteria and a timeline to qualify for the iPad offer
- If you have held a personal RBC banking account within the last five years, you may be ineligible
- The account must remain open until October 31, 2023
- Different monthly charges apply for different account options.
Pros & Cons of HSBC Chequing Account
Consider the advantages and disadvantages of HSBC Chequing Account.
Advantages of HSBC Chequing Account:
- No minimum deposit required
- No monthly fee for the first six months for Premium and Advance accounts
- Up to $209 in waived monthly banking fees
- Various bonuses for specific actions, such as sending international wire transfers or opening a safety deposit box
Disadvantages of HSBC Chequing Account:
- Only available for new clients
- Monthly fee applies if eligibility requirements are not met
- Minimum balance required to waive the monthly fee
- Account must remain open for one year to qualify for the promotion
- Different monthly charges for different account types
When considering the HSBC Chequing Account, it is important to review the eligibility requirements and weigh them against the benefits. Additionally, it may be beneficial to compare these advantages and disadvantages with the features of other accounts, such as the CIBC Smart Account, to determine which option best suits your banking needs.
Features of CIBC Smart Account
Now let’s shift our focus to the features of the CIBC Smart Account.
With this account, you can enjoy a range of benefits and convenient services. First, there is no monthly fee for this account, which is a great advantage. Additionally, if you’re 65 years or older, you can receive a discount of $6.95 on your monthly fee.
You can easily access your account online using the CIBC Mobile Banking App, but it’s important to note that online access is currently only available for iPhone users. Another useful feature is the ability to shop online and in-app using money directly from your CIBC Smart Account with Visa Debit.
To avoid the monthly fee, you need to maintain a minimum balance of $4,000 daily. Furthermore, you must have two pre-authorized debits or one recurring direct deposit per month.
When it comes to the monthly fee, it is calculated based on transactions. You will be charged $6.95 per month for up to 12 transactions. Any additional transactions over 12 will cost $1.25 each, up to a total monthly fee of $16.95. However, if you maintain a minimum end-of-day balance of $4,000 daily, you won’t have to pay a monthly fee at all.
Monthly Fee Breakdown and Eligibility Requirements
To avoid the monthly fee for the CIBC Smart Account, you need to maintain a minimum balance of $4,000 daily and have two pre-authorized debits or one recurring direct deposit per month.
Here is a breakdown of the monthly fee and the eligibility criteria for the account:
Monthly Fee Comparison:
For up to 12 transactions, the monthly fee is $6.95.
Additional transactions over 12 cost $1.25 each, up to a total monthly fee of $16.95.
No monthly fee if you have a minimum end-of-day balance of $4,000 daily.
Eligibility Criteria Analysis:
You must be 25 years old and up to open a CIBC Smart Account.
You are required to have a minimum balance of $4,000 daily to waive the monthly fee.
You need to have two pre-authorized debits or one recurring direct deposit per month.
Analyzing the monthly fee and eligibility criteria allows you to make an informed decision about whether the CIBC Smart Account is the right choice for your banking needs.