Free Calculator 2026
How Much Can You Earn from
Canadian Bank Churning?
No fee everyday banking
Set up direct deposit and skip the monthly fee. Free to open, and the Easy plan has no monthly fee. Worth doing if you will actually move your pay or your CRA deposits over, not if the card sits unused. Code BREMO2026.
Select the banks you'll open, set your timeline, and see your personalized earnings estimate instantly.
Quick-start presets:
Starter (10 min)
KOHO + Neo, no requirements
$70 free
Easy Churn (3 months)
Digital banks only, no fees
$870 free
Standard (6 months)
Mix of big & digital banks
$2,620 free
God Mode (12 months)
All major banks, full cycle
$7,545 free
Choose Your Banks
$0
in your pocket
Ready to start? Get your $70 free in 10 minutes.
KOHO + Neo — no credit check, no fees. Canada's fastest bank bonuses.
Bank Churning FAQ
Is bank churning legal in Canada?
Yes, 100% legal. Banks advertise these sign-up bonuses publicly and pay them according to their terms. You're simply opening accounts to earn the offered incentive — exactly as the bank intends.
Does opening multiple bank accounts hurt my credit score?
Generally no. Chequing account openings in Canada typically don't involve a hard credit pull. You may see a soft inquiry, which has zero impact on your score. Credit card churning is different — avoid that if you're concerned about score impacts.
What are "direct deposits" for the purpose of bank bonuses?
Most commonly: payroll from your employer, government payments (EI, CRB, pension), or sometimes e-Transfers from another bank. Each bank defines this slightly differently — read their terms carefully, or call them to confirm what qualifies.
Where do I start? What's the easiest bonus?
Start with KOHO (code
BREMO2026, $20 free) and Neo Financial (code J4C9H3K5, $50 free). Both take 10 minutes, require no credit check, and pay instantly. Then move to the big bank bonuses (CIBC $950, Scotiabank $700).Do I have to pay taxes on bank bonuses in Canada?
Yes. CRA considers bank sign-up bonuses to be taxable income. Report them as "other income" on your T1 return. Banks are not required to issue T4As for amounts under $50, but you're still responsible for self-reporting. At a 30% marginal rate, a $7,545 churn year nets ~$5,280 after tax.