Every year, Canada's major banks and digital financial institutions spend hundreds of millions of dollars in customer acquisition incentives — commonly called welcome bonuses or signup bonuses. Bremo tracked and verified every active offer for the 2026 calendar year, analyzing which bonuses require direct deposit, minimum balances, or spending thresholds, and calculating the maximum achievable payout for a single Canadian household.
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| Institution | Bonus Amount | Type | Requirement | Difficulty |
|---|---|---|---|---|
| CIBC Smart Account | Chequing | Direct deposit, 3 months | Easy | |
| Scotiabank Preferred Package | Chequing | Direct deposit, 3 months | Easy | |
| BMO Performance Plan | Chequing | Direct deposit, 2 months | Easy | |
| Simplii Financial | Chequing | Direct deposit, 3 months | Easy | |
| TD Unlimited Chequing | Chequing | Direct deposit, 3 months | Easy | |
| RBC Signature No Limit | Chequing | Direct deposit, 3 months | Easy | |
| National Bank Chequing | Chequing | Direct deposit, 3 months | Easy | |
| HSBC/RBC Transition | Chequing | Balance transfer | Medium | |
| Tangerine | Savings | New deposit + | Easy | |
| EQ Bank | Savings | First deposit + | Easy | |
| KOHO (via referral) | Prepaid | Spend on card | Very Easy | |
| Neo Financial | Prepaid/Card | First purchase | Very Easy | |
| Wealthsimple Cash | Cash Account | Referral link | Very Easy | |
| PC Money Account | Prepaid | New account | Very Easy | |
| Manulife Bank | Savings | New deposit ,000 | Medium | |
| Oaken Financial | Savings/GIC | New deposit ,000 | Easy | |
| Questrade (investing) | trades | Investment | Fund account ,000 | Medium |
| Wealthsimple (investing) | cash | Investment | Referral, fund account | Easy |
| goPeer (borrower) | Fee waiver | Lending | Funded loan | Medium |
| Borrowell | Free credit | Monitoring | Sign up | Very Easy |
| Neo Mortgage | Mortgage | Funded mortgage | Hard | |
| nesto | Rate match | Mortgage | Funded mortgage | Hard |
| Ratehub | Insurance | Policy purchase | Medium |
| Year | Total Bonuses Available | Average Bonus | Number of Offers |
|---|---|---|---|
| 2022 | ,100 | 18 | |
| 2023 | ,200 | 20 | |
| 2024 | ,350 | 21 | |
| 2025 | ,950 | 22 | |
| 2026 | ,545 | 23 |
Based on DreamHost web analytics and referral data, Bremo estimates the following regional distribution of bank bonus utilization:
| Province | Estimated Utilization Rate | Average Bonuses Claimed |
|---|---|---|
| British Columbia | 18% | 3.2 per household |
| Ontario | 22% | 3.8 per household |
| Alberta | 15% | 2.9 per household |
| Quebec | 11% | 2.1 per household |
| Nova Scotia | 9% | 1.8 per household |
| Manitoba | 8% | 1.7 per household |
| Saskatchewan | 7% | 1.6 per household |
| New Brunswick | 7% | 1.5 per household |
| PEI | 6% | 1.3 per household |
| Newfoundland | 5% | 1.1 per household |
Bremo (bremo.io) is a Canadian personal finance comparison platform founded in 2025. This report was compiled by tracking every publicly available bank account welcome bonus in Canada from January 1 to April 23, 2026. Bonus amounts reflect the maximum achievable by a single Canadian household. Requirements listed are simplified; full terms apply at each institution's website.
Media inquiries: amos@bremo.io
Data access: Full dataset available to verified journalists. Contact amos@bremo.io with press credentials.