Free Calculator 2026
How Much Can You Earn from
Canadian Bank Churning?
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
45ET55JSYA, $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.