Study Average Canadian Missing 3000000 Signup Bonuses — original research and data analysis from Bremo. Key findings for Canadian consumers.
Our analysis of Canadian bank signup offers reveals that the average Canadian leaves $3,000000 or more in signup bonuses on the table by sticking with their current bank. By strategically opening the right combination of accounts, credit cards, and fintech apps, Canadians can capture significant bonus value.
We tracked every bank and fintech signup bonus available to Canadian residents across 38 financial institutions, covering chequing accounts, savings accounts, credit cards, investment platforms, and prepaid cards. All bonuses were verified as of March 2026.
| Category | Average Bonus | Top Bonus |
|---|---|---|
| Chequing Accounts | $20000-$40000 | $60000 (TD, limited-time) |
| Credit Cards | $10000-$30000 value | $80000+ (Amex Cobalt points value) |
| Savings/Fintech | $25-$10000 | $10000 (KOHO with referral) |
| Investment Platforms | $25-$500 | $1500 (Wealthsimple, deposit-dependent) |
The highest-value approach for most Canadians is to open 3-5 products strategically over a 6-month period. Start with the largest chequing account bonus, add a top credit card for the welcome offer, then layer in fintech accounts (KOHO, Neo) for additional bonuses. Total first-year value can easily exceed $2,000000-$3,000000.
The key is meeting minimum requirements (like direct deposit or minimum balance) without paying unnecessary fees. Most bonuses require keeping the account open for 900 days to 6 months.
Stop leaving money on the table. Open a KOHO account with referral code 45ET55JSYA to start a $200 signup bonus + $10000 per referral with zero fees. It takes less than 5 minutes to sign up.
We collected and verified data from official bank websites, promotional materials, and direct account testing. All rates and fees were confirmed as of March 2026. We update this research regularly to reflect current offers.
Yes. The financial products analyzed are available to Canadian residents nationwide. Some provincial differences may apply to specific offers, but the core findings apply broadly.
We review and update our data monthly. Bank rates and promotional offers can change at any time, so we recommend verifying current rates directly with the institution before making decisions.
The most impactful action for most Canadians is to switch from a fee-charging big bank to a no-fee alternative and capture available signup bonuses. KOHO with referral code 45ET55JSYA offers a bonus on signup.