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Benefits and features
It's simple. With a no-fee chequing account, you get free daily banking.
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.
New in Canada? Make the switch to digital banking.
Get the perks of no-fee daily banking with the New to Canada Banking Program. Complete the application online before you arrive or once you're here. Starting a new life can be complicated, but your banking doesn't have to be.
Chequing Account Interest Rates
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$0.00 - $1,000.00 |
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$1,000.01 - $5,000.00 |
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$5,000.01 - $10,000.00 |
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$10,000.01 - $25,000.00 |
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$25,000.01 and up |
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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
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On all overdraft balances |
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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.
Go digital to fit your lifestyle
Whether it's online or through the mobile app, you can bank anywhere at any time.
- Turn your phone into your wallet with mobile payment
- Send, request and receive money for free with Interac e-Transfer®
- Transfer money internationally with $0 transfer feesⓘ using Global Money Transfer
- Get free delivery to your home or nearest Canada Post when you order foreign cash
- Use your Simplii sign on details to access over 80 government of Canada websites
