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Benefits and features
It's simple. With a no-fee chequing account, you get free daily banking.
Welcome offer
Earn $350ⓘ when you become a new client
Conditions apply. Offer ends October 31, 2022.
Debit Mastercard
Use your money, your way. Enjoy the freedom to shop online and in-store wherever Mastercard is accepted. Plus, get real-time USD exchange rates.ⓘ
More reasons to love this account
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".
Only available on our No Fee Chequing account. You can qualify for limits up to $5,000, but there is a monthly charge of $4.95 when you use this service, in addition to a fixed interest rate of 19% on overdraft balances. If you use overdraft, you must bring your account balance above zero at least once in a 30-day period. Overdraft protection can help you in a short-term bind, but there are better ways to borrow money. Ask about a Personal Line of Credit or a Personal Loan if you want an easier way to budget borrowed funds.
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.
Take the guesswork out of choosing a great present. Send a personalized digital gift card to your family and friends in Canada for any occasion.
Bring a friend. Earn $50. Repeat.
You and a friend could both earn $50 when they open a No Fee Chequing Account or another eligible account with your unique referral link. The best part - there’s no limit to the bonus cash you can earn! So share your link and get rewarded.ⓘ
Interest rates
These new rates apply October 21, 2022.
|
|
|---|---|
$0.00 to $50,000.00 |
0.01% |
$50,000.01 to $100,000.00 |
0.05% |
$100,000.01 to $500,000.00 |
0.10% |
$500,000.01 to $1,000,000.00 |
0.10% |
$1,000,000.01 and up |
0.10% |
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.
These rates apply until October 21, 2022.
|
|
|---|---|
$0.00 to $1,000.00 |
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$1,000.01 to $5,000.00 |
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$5,000.01 to $10,000.00 |
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$10,000.01 to $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.
|
|
|---|---|
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.
Find what you need in our Costs for special requests and additional items in the Products and Services Agreement.
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.
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
- Send a Simplii Financial™ Visa* Digital Gift Card Opens in a new window.
Verify your identity with ease
NEW Digital banking has never been so simple. Now with Document Verification by Verified.Me you can verify your identity safely from the comfort of your own home.
