Is the KOHO $100 bonus legitimate?

Yes. KOHO's $100 signup bonus (code 45ET55JSYA) is a legitimate offer paid directly to your KOHO account. KOHO is a regulated Canadian fintech backed by Peoples Trust (CDIC member). The $100 is deposited to your account after your first qualifying purchase. No monthly fees, no credit check. KOHO uses this as their primary marketing — it's how they acquire customers and they've paid millions in bonuses to Canadians.

Do I have to pay fees to get bank signup bonuses in Canada?

Some bonuses require paying a monthly fee for a qualifying period (e.g., TD's bonus requires holding a paid account for 90 days). However, KOHO's $100 bonus requires no monthly fee — KOHO is free forever. Always check whether fees during the qualifying period exceed the bonus value. For Scotiabank/TD bonuses of $350–$400, even paying a $16–19/month fee for 3 months ($48–57) still nets $300+ profit.

💰 Free Money Guide · March 2026

Free Money in Canada 2026: Get $600+ in Bank Bonuses

Q: How can I get free money from Canadian banks?

Canadian banks regularly offer signup bonuses to attract new customers. In 2026, the top offers are: KOHO prepaid Visa ($100 bonus, code 45ET55JSYA, easiest to get), Scotiabank chequing (up to $350 after qualifying period), TD Bank (up to $400), and Simplii Financial (up to $400). Combined, these legitimate offers total $600+ in free money with no ongoing fees required.

Canadian banks and financial apps give away millions of dollars in signup bonuses every year to attract new customers. Here's a complete guide to claiming all of it — legitimately, with no fees required.

$600+

Available right now through bank signup bonuses in Canada · All legitimate · Updated March 2026

Best Free Money Offers in Canada (March 2026)

KOHO — Easiest $100 in Canada

$100 cash bonus

45ET55JSYA

No monthly fees ever No credit check First purchase triggers bonus + 1% cashback ongoing

The easiest free money in Canada. Sign up for KOHO (prepaid Visa), enter code 45ET55JSYA, make one purchase — get $100 deposited to your account. Zero monthly fees, no credit check, no qualifying period hoops. KOHO also gives 1% cashback on everything, free credit score monitoring, and built-in budgeting. Paid out to thousands of Canadians monthly.

Claim $100 — code 45ET55JSYA →

Scotiabank — Biggest Big-Bank Bonus

Up to $350 cash

90-day qualifying period Requires 2 pre-authorized debits 5+ debit purchases Net profit: ~$295 after fees

Open a new Scotiabank Preferred Package or Ultimate Package chequing account and meet qualifying criteria within 90 days: set up 2+ pre-authorized debits and make 5+ debit purchases. Bonus deposited after qualifying. Monthly fee $16.95–$30.95 applies (waivable with $4,000 min balance). Even paying fees for 3 months, you net ~$245–$295 in profit. Visit Scotiabank.com for current promotional link.

TD Bank — Best Big-Bank Mobile Bonus

Up to $400 cash

90-day qualifying period Direct deposit required Best mobile app in Canada

New TD chequing account with qualifying conditions met within 90 days. Direct deposit from employer and qualifying purchases unlock the full bonus. TD offers the best-rated mobile banking app in Canada. Monthly fee $10.95–$29.95 applies. Net profit even after fees: ~$290–$355. Visit TD.com for current offer code.

Simplii Financial — No-Fee Banking + Bonus

Up to $400 cash

$0 monthly fee Direct deposit required CIBC ATM access

Simplii (CIBC's no-fee brand) offers bonuses for new clients with no ongoing monthly fees required. $0/month, unlimited transactions, CIBC ATM network. No fee during qualifying period makes this a pure profit offer. Available at Simplii.com via promotional link. Best value: $400 with $0 in fees = full $400 profit.

Wealthsimple — Investing Bonus

$25 + free stock trade

$0 fee investing Deposit $150+ to trigger TFSA/RRSP available

Use a Wealthsimple referral link to get $25 when you deposit and trade. Available for Wealthsimple Trade (stocks/ETFs) or Wealthsimple Invest (robo-advisor). Deposit $150 minimum, make a trade, bonus deposited. Good for Canadians who want to start investing. 3.75%+ savings rate on Wealthsimple Cash.

Bonus Summary: Total Available

Offer	Bonus	Fees Required	Net Profit	Difficulty
KOHO (code 45ET55JSYA)	$100	$0	$100	Very easy
Simplii Financial	Up to $400	$0	Up to $400	Easy
Scotiabank	Up to $350	~$51–93 (3mo)	Up to $299	Moderate
TD Bank	Up to $400	~$33–90 (3mo)	Up to $367	Moderate
Wealthsimple	$25	$0	$25	Easy

Frequently Asked Questions

How can I get free money from Canadian banks?

Canadian banks pay signup bonuses to attract new customers. The easiest: KOHO ($100, code 45ET55JSYA, no fees, one purchase to trigger). For larger bonuses: Scotiabank (up to $350) and TD (up to $400) require a 90-day qualifying period. Simplii offers up to $400 with no monthly fees. Using all these offers in one year can net $600+ in free money.

Is the KOHO $100 bonus legit?

Yes. KOHO is a FINTRAC-regulated Canadian fintech backed by Peoples Trust (a CDIC member). The $100 bonus has been offered continuously for several years and paid out to hundreds of thousands of Canadians. After signing up with code 45ET55JSYA and making one qualifying purchase, the $100 appears in your KOHO account. No hidden conditions, no monthly fees required.

Can I get multiple bank bonuses in Canada?

Yes — each offer is from a different institution. You can claim KOHO ($100), Simplii ($400), Scotiabank ($350), and TD ($400) in the same year. Each bank only restricts you from claiming their bonus multiple times. Getting bonuses from several banks simultaneously is legal and common. Plan your applications over a 6-month period to minimize credit inquiries.

Related guides

Start with the easiest $100 in Canada

KOHO code 45ET55JSYA · $100 cash · No fees · No credit check · 1% cashback

Get KOHO — code 45ET55JSYA →

Disclosure: Bremo earns referral commissions on KOHO signups. Bank bonus terms subject to change — verify on each institution's website. Information as of March 2026.