Need to send U.S. dollars? Just apply for a USD Savings Account. Once you have yours, simply sign on to online banking and select “Global Money Transfer” from the main menu, then select your USD Account.
Interest is calculated on the daily closing balance and is paid into your account monthly. Rates subject to change.
Top USD Savings Account FAQ
There is no minimum balance required.
Simplii Financial does not charge any monthly service fees for having the account.
Our Simplii USD Savings Account allows you to do the following:
Transfer funds between your Simplii CAD and Simplii USD accounts at great exchange rates
Send U.S. dollars to the U.S. for free
Transfer funds between multiple Simplii USD accounts
Send a Global Money Transfer (GMT) to over 130 countries
Order a bank draft or money order
Receive an incoming wire
Deposit USD and non-USD cheques into your USD Savings Account
Simplii Financial will use a competitive rate to convert the funds at the time of the transaction, which will be shown to you in your Online or Mobile Banking account prior to completing the transaction. This rate is amongst one of the best exchange rates among all Canadian banks.
You can order a bank draft or money order from the USD account, as well as send funds through GMT to countries outside Canada or the U.S. Unfortunately there are no cash deposits or withdrawals at this point in time.
Unfortunately, there is no ATM access at this point in time.
You can deposit USD and non-USD cheques into your account by mailing them in. Write your full name and your USD account number on the back of the cheque. Mail it to: Simplii Financial P.O. Box 603, Station Agincourt Scarborough, Ontario M1S5K9
Unfortunately, there is no Point-of-Sale (POS) capability at this point in time.