No Fee Chequing Account | Simplii Financial

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All of the benefits and features

It's simple. With a no-fee chequing account, you get free daily banking.

Life’s always busy and you work hard every day for your money — it’s time for your bank account to do the same.

No monthly fees with no minimum balance

Free daily banking: unlimited debit purchases, bill payments & withdrawals

Send money using free Interac e-Transfer^®transactions

Free access to over 3,400 CIBC ATMs across Canada

Other benefits and features

Direct Payroll and Pension Deposit

Have your cheque deposited directly into your Simplii account and have access to your money right away.

Overdraft Protection

You can add Overdraft Protection up to $5000, to your account to help you with unexpected expenses. If you use it, bring your account to a positive balance for one full business day per calendar month. You’ll only be charged when you use the service.

Pre-authorized Bill Payments

Never miss a payment. Set up automatic payments and pay your bills on time, every time. You can authorize billing companies to take payments when they’re due.

Account to Account Transfers

Make transferring money between accounts a breeze. Set up automatic transfers through your online banking, follow the steps, and you'll be on your way.

Chequing Account Interest Rates

On the portion of the balance between:	Annual Rate (%)
$0.00 - $1,000.00	0.05%
$1,000.01 - $5,000.00	0.10%
$5,000.01 - $10,000.00	0.15%
$10,000.01 - $25,000.00	0.15%
$25,000.01 and up	0.50%

Interest is calculated by multiplying the daily interest rate for each tier by the portion of the daily closing balance in that tier.

Rates subject to change without prior notice.

Overdraft Interest Rate

Daily Balance	Annual Rate (%)
On all overdraft balances	19.00%

A monthly charge will apply when you use this service, in addition to a fixed interest rate on overdraft balances.

Sometimes you need more than day-to-day banking. Check out our Costs for special requests and additional items in the Products and Services Agreement, to find what you need.

Have questions?

Top FAQs

Call us at 1-888-723-8881

Email us at talktous@simplii.com

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Accounts
No Fee Chequing Account

The good stuff: send free Interac e-Transfer^® transactions and no-fee daily banking

All of the benefits and features

Other benefits and features

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Chequing Account Interest Rates

Overdraft Interest Rate

Sometimes you need more than day-to-day banking. Check out our Costs for special requests and additional items in the Products and Services Agreement, to find what you need.

Have questions?