† The following terms and conditions explain in detail how you can earn a special annual interest rate on a new Simplii Financial™ High Interest Savings Accounts (“HISA”) if you are a New Simplii Client (the “HISA offer”).
1. Offer Period
This HISA Offer begins on June 1, 2022 and ends on October 31, 2022 (the “Offer Period”).
2. Eligibility
To be eligible for this HISA Offer, you must have no prior relationship with Simplii Financial before the beginning of the Offer Period (a “New Simplii Client”). For joint HISAs, the HISA may be eligible to earn promotional interest if the primary accountholder is a New Simplii Client.
If you are a New Simplii Client and you open a HISA during the Offer Period as the primary accountholder, you may be eligible to earn promotional interest from the date your HISA is opened until October 31, 2022 (subject to certain restrictions; see below) (“Eligible HISA”). Eligible HISAs are automatically enrolled in the HISA Offer. New Simplii Clients may open more than one Eligible HISA during the Offer Period.
3. How Interest is Calculated and Paid
The special annual interest rate is 4.75% between September 1 and October 31, 2022 and 3.85% for the balance of the Offer Period. This special annual interest rate is a combination of the regular annual interest rate set by Simplii Financial payable on a HISA balance (“Regular Interest”), plus the promotional annual interest rate (“Promotional Interest”) that is calculated at the end of the Offer Period on the New Balance (as defined below).
Regular Interest is calculated daily at the current rate on each day’s full closing balance and paid monthly. Promotional Interest is calculated at the Promotional Interest rate on the average daily closing balance of each of the New Simplii Client’s Eligible HISAs, and aggregated across all such Eligible HISAs, from the date the HISA is opened to the end of the Offer Period (the “New Balance”). Promotional Interest will only apply on up to an aggregate maximum balance of $1,000,000. Promotional Interest will be paid in November 2022 into a single Eligible HISA held by the primary accountholder.
Regular Interest rates and Promotional Interest rates quoted are annual. Regular and Promotional Interest rates may change at any time without prior notice. Check out our current rates. Any change to the Regular Interest rate will result in a corresponding change to the Promotional Interest rate so that the overall combined annual interest rate will remain 4.75% between September 1 and October 31, 2022 and 3.85% for the balance of the Offer Period.
4. Restrictions
Additional terms, conditions, and limitations apply to the opening of and making deposits into Eligible HISAs. Individuals must meet the criteria set by Simplii Financial to open or hold an Eligible HISA to qualify for the HISA Offer. Ask for details.
The HISA Offer is non-transferable and cannot be combined with any other promotional savings offers unless otherwise indicated. Promotional Interest cannot be substituted or transferred to a third party. Simplii Financial reserves the right to cancel or change the terms of the HISA Offer at any time, for any reason, without notice and revoke the HISA Offer for any customer who appears to be manipulating or abusing the HISA Offer, or is engaged in any suspicious/fraudulent activity. The HISA Offer is subject to the terms and conditions of the Simplii Financial Products and Services Agreement.
‡ The Simplii Financial™ No Fee Chequing Account $350 offer (the “Offer”) begins on February 1, 2022 at 12:01 am ET and ends on October 31, 2022 at 11:59 pm ET (the “Offer Period”). The Offer consists of a $350 cash reward (the “Cash Reward”) to qualifying primary account holders for opening and using a new Simplii Financial™ No Fee Chequing Account (the “New Account”) and complying with the following requirements.
1. Eligibility
This Offer is open only to Canadian residents who:
(i) have reached the age of majority in their province of residence; and
(ii) have no prior banking relationship with Simplii Financial prior to the beginning of the Offer Period.
This Offer can be combined with all other offers unless otherwise indicated. Individuals who meet the foregoing eligibility requirements and otherwise comply with these Terms are referred to as “Eligible Client(s)”.
2. Offer Requirements
To qualify for the Offer and receive the Cash Reward, an Eligible Client must:
(i) open a New Account as the primary account holder during the Offer Period;
(ii) within 120 days from the date the New Account is opened, set up one or more Eligible Recurring Direct Deposits totaling at least $100 of deposits per month into the New Account; and
(iii) have such Eligible Recurring Direct Deposit(s) credited to the New Account for at least three (3) consecutive months within the above 120-day time period.
“Eligible Recurring Direct Deposits”: Most automated and recurring direct deposits are eligible. Examples of common recurring direct deposits include: payroll, pension direct deposits, old age security, disability payments, and governmental deposits, such as employment insurance.
For further details and to confirm whether an automated and recurring direct deposit qualifies for the Offer, consult with a Simplii Financial representative.
3. Payment of Cash Reward
If an Eligible Client qualifies to receive the Cash Reward, the Cash Reward will be directly deposited to the New Account (which must remain active and in good standing at the time the Cash Reward is deposited) in the fifth month following the month the New Account is opened. For example, a qualifying Eligible Client who opened a New Account in February 2022 will receive the Cash Reward in July 2022.
If a qualifying Eligible Client has more than one New Account that is active and in good standing at the time the Cash Reward is to be deposited, the Cash Reward will be paid into the New Account with the most recent transaction date, regardless of whether any of the accounts are joint accounts.
4. Additional Limitations and Conditions
The Cash Reward must be accepted as awarded and is not transferable or assignable. No Cash Reward substitutions will be permitted. Limit of one Cash Reward per Eligible Client no matter how many New Accounts are opened. For joint accounts, only one Cash Reward is available per Account. The recipient of the Cash Reward is solely responsible for any tax consequences associated with their receipt thereof.
The Offer is subject to the terms and conditions of the Simplii Financial Products and Services Agreement. Simplii Financial reserves the right to cancel or change the terms of the Offer at any time without notice, for any reason, and to revoke the Offer from any customer who appears to be manipulating or abusing the Offer, or is engaged in any suspicious/fraudulent activity.
In the event of any discrepancy or inconsistency between the terms and conditions as provided in these Terms and disclosures or other statements contained in any Offer-related materials, including, but not limited to television, print or online advertising, the terms and conditions of these Terms shall prevail, govern and control to the fullest extent permitted by law.
◇ Based on fees for unlimited transaction chequing accounts offered by 5 major Canadian banks as of January 2022.
†† The Simplii Financial™ Cash Back Visa Pre-Approval offer (the “Offer”) begins on February 1, 2022 at 12:01 am ET and ends on October 31, 2022 at 11:59 pm ET (the “Offer Period”). The Offer consists of pre-approval (“Pre-Approval”) to qualifying primary accountholders, for a new Simplii Financial Cash Back Visa (“New Card”) with a minimum $3,500 credit limit after opening a Simplii Financial No Fee Chequing Account (the “New Account”) and complying with the following requirements:
1. Eligibility
This Offer is open only to Canadian residents who:
(i) have reached the age of majority in their province of residence; and
(ii) have no prior banking relationship with Simplii Financial prior to the Offer Period.
This Offer can be combined with all other offers unless otherwise indicated. Individuals who meet the foregoing eligibility requirements and otherwise comply with these Terms are referred to as “Eligible Client(s)”.
2. Offer Requirements
To qualify for the Offer and receive the Pre-Approval, an Eligible Client must:
(1) open a New Account as the primary account holder during the Offer Period;
(2) have a minimum annual income of $15,000 as reflected in the Eligible Recurring Direct Deposits set up in the New Account;
(3) have not yet applied for a Simplii Financial credit card;
(4) within 120 days from the date the New Account is opened, set up one or more Eligible Recurring Direct Deposits;
(5) within 120 days from the date the New Account is opened, have the Eligible Recurring Direct Deposit(s) described in Section 2(4) credited to the New Account for at least two (2) consecutive payment cycles;
(6) meets Simplii Financial’s credit adjudication requirements which Simplii Financial may determine in its sole discretion, which may include but are not limited to identity verification, ratio of the Eligible Client’s debt obligations to income or income remaining after meeting debt obligations, or other accounts or cards that the Eligible Client may hold at any institution.
“Eligible Recurring Direct Deposits”. Most automated and recurring direct deposits are eligible. Examples of common recurring direct deposits include: payroll, pension direct deposits, old age security, and disability payments. Payments commonly occur monthly, bi-monthly, or fortnightly. For further details and to confirm whether an automated and recurring direct deposit qualifies for the Offer, consult with a Simplii Financial representative
3. Delivery of the Pre-Approval Offer
If an Eligible Client qualifies for the Pre-Approval, a message will appear in the Eligible Client’s mobile and online banking, notifying the Eligible Client of the Pre-Approval, and next steps and additional conditions to apply for the New Card (the “Notification”). While “pre-approval” means that Simplii Financial has reviewed the available criteria to determine that you are a strong candidate for a New Card, “pre-approval” is not automatic approval for the New Card, and Eligible Clients will still have to follow an application process following receipt of the Notification.
4. Additional Limitations and Conditions
The Pre-Approval is not transferable or assignable. No substitutions for the Pre-Approval will be permitted. Limit of one Pre-Approval per Eligible Client no matter how many New Accounts are opened. For joint accounts, only the primary account holder will be considered an Eligible Client for the purposes of this Offer.
The Offer is subject to the terms and conditions of the Simplii Financial Products and Services Agreement. Simplii Financial reserves the right to cancel or change the terms of the Offer at any time without notice, for any reason, and to revoke the Offer from any customer who appears to be manipulating or abusing the Offer, or is engaged in any suspicious and/or fraudulent activity.
In the event of any discrepancy or inconsistency between the terms and conditions provided in these Terms and disclosures or other statements contained in any Offer-related materials, including, but not limited to television, print or online advertising, the terms and conditions of these Terms shall prevail, govern and control to the fullest extent permitted by law.
1 Simplii Financial Global Money Transfer Service foreign exchange rates apply. Must have a Simplii Financial chequing account, USD savings account, credit card, personal or secured line of credit to send a Simplii Financial Global Money Transfer. Most transfers are completed by the next business day; some require up to 3 business days to be completed. Only primary cardholders can use their eligible credit card account to pay for Simplii Financial Global Money Transfer service. For full terms and conditions, review the Simplii Financial Global Money Transfer Agreement (PDF, 130 KB) Opens in a new window..
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