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

$100

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.

$25
Get $25 each time you set up and complete a recurring eligible pre-authorized bill payment to a qualifying payee.
$25
Get $25 when you add your Simplii debit card to Apple Pay®, Samsung Pay® or Google PayTM.
$25
Get $25 if you register for Interac e-Transfer Autodeposit.

More benefits and features

Incoming mail icon

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".

Shield and dollar sign icon


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.

Bill icon

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".

Peer-to-peer icon

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.

$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.

Have questions?

mobile phone icon

mail icon