💰 Ontario Bank Bonuses · March 2026

Ontario Bank Bonuses 2026:
Up to $1,900 Free

Ontario residents can collect multiple bank signup bonuses simultaneously — they're all from different institutions. Here's every bonus available and how to collect them all.

$1,900+

Combined bank bonuses available to Ontario residents in 2026

All Ontario Bank Bonuses Ranked

$100

~1 week

KOHO Easiest

Open online with code 45ET55JSYA. Get $100 after using your KOHO card for 1 qualifying purchase. No credit check, no direct deposit required. Available to all Ontario residents instantly.

Req: Sign up with referral code + 1 purchase
Up to $700

2–3 months

Scotiabank StartRight / Preferred Package Medium

Open a Scotiabank Performance or Preferred chequing account. Set up 2+ eligible direct deposits and complete qualifying transactions. Best big-bank bonus in Ontario.

Req: Direct deposit + 5 debit transactions
$300–500

2–3 months

Simplii Financial Medium

Open a Simplii No Fee Chequing Account. Set up direct deposit of $100+/month for 3 months. No monthly fee — the full bonus is pure profit for Ontario residents.

Req: $100+/month direct deposit for 3 months
Up to $500

2–3 months

BMO Medium

Open a BMO Performance Chequing or Plus Chequing. Requires direct deposit + 5+ debit transactions within 90 days. Monthly fee but waivable with minimum balance.

Req: Direct deposit + 5 transactions in 90 days
Up to $450

1–2 months

RBC Newcomer Advantage Medium

Open an RBC chequing account (newcomer or regular promotion). Includes first-year fee waiver and bonus cash. Requires direct deposit setup. Best for newcomers to Ontario.

Req: Direct deposit + qualifying transactions
$50–150

1 month

Tangerine Easy

Open a Tangerine chequing or savings account with a referral code. Deposit $100+. Bonus varies by promotion. Easy approval, no credit check, Scotiabank ATM access across Ontario.

Req: $100 deposit + referral link
$25–150

Instant

Wealthsimple Easy

Open a Wealthsimple account with a referral link. $25 for any deposit, $50 for $1,000+, $100 for $5,000+, $150 for $100+. TFSA/RRSP supported. Great Ontario investing bonus.

Req: Deposit any amount (more = bigger bonus)

Ontario Bank Bonus Summary Table

Bank	Bonus	Timeline	Monthly Fee
KOHO (code: 45ET55JSYA)	$100	~1 week	$0
Scotiabank	Up to $700	2–3 months	$0 (newcomer)
Simplii Financial	$300–500	2–3 months	$0
BMO	Up to $500	2–3 months	$16.95 (waivable)
RBC	Up to $450	1–2 months	$11.95 (waivable)
Tangerine	$50–150	1 month	$0
Wealthsimple	$25–150	Instant	$0
Total possible		$1,625–1,950+

How to Collect All Ontario Bank Bonuses

Week 1: Open KOHO with code 45ET55JSYA ($100, done in 5 min). Open Wealthsimple with referral link ($25–150). Instant bonuses, no waiting.
Week 1–2: Apply for Scotiabank online or in branch. Set up direct deposit pointing to Scotiabank. This starts the 90-day clock for the $700 bonus.
Week 2: Open Simplii online. Apply for their $300–500 bonus by setting up a second direct deposit (split from employer) or using Simplii for one month.
Week 3: Apply for Tangerine referral bonus. Deposit $100 to qualify.
Month 3: Collect Scotiabank + Simplii bonuses as they credit. Total collected: $1,500–1,900.

Frequently Asked Questions

Can I get multiple bank bonuses in Ontario at the same time?

Yes. Each bonus is from a different bank and there's no rule preventing you from collecting multiple simultaneously. Many Ontario residents collect KOHO + Scotiabank + Simplii + Tangerine at the same time — it's completely legal and widely done. The total can exceed $1,500 in a single year.

Are bank bonuses taxable in Ontario?

Yes, bank signup bonuses and referral bonuses are generally considered taxable income in Canada, including Ontario. You should report them on your tax return. The bank may issue a T4A slip if the amount is over $500. At a 43% marginal rate on $700, the tax would be around $300 — still leaving $400+ net profit. KOHO's $100 bonus is technically also taxable but rarely enforced at that level.

What is the easiest bank bonus in Ontario?

KOHO is the easiest — open online in 5 minutes, make one purchase, get $100. No direct deposit, no minimum balance, no credit check. Available to all Ontario residents including newcomers, students, and people with no credit history.

Related guides

Start with the fastest Ontario bonus — $100 in 1 week

KOHO code 45ET55JSYA · $100 free · 5 min setup · No credit check

Get KOHO — code 45ET55JSYA →

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

Ontario Bank Bonuses 2026:Up to $1,900 Free