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Benefits and features
It's simple. With a no-fee chequing account, you get free daily banking.
New clients can earn up to $200 in cash*. Here's how:
Complete one or more of the following activities for up to a maximum of $100. All activities must be completed within 3 months following the month your No Fee Chequing Account is opened. Other terms and conditions apply.
More benefits and features
Have your cheque deposited directly into your Simplii account and have access to your money right away. To download your direct deposit form, sign in to Online Banking and select "More Services".
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.
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. To download your Automatic Payments form, sign in to Online Banking and select "More Services".
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
$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
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.
