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No Fee Chequing Account

New clients can earn up to $200^†

Here's how to get $200^†

First

Open a No Fee Chequing Account before October 31.

Get $125

Set up an eligible payroll or pension direct deposit and receive two deposits that are $10 or more.

Need a hand? Learn howto switch your payroll or pension direct deposits

Get $75

Set up and complete Automatic Bill Payments to two different recipients that are $4 or more, for at least two months.

Make sure to complete your payroll or pension direct deposit and eligible bill payment transactions within 90 days to get your cash bonus.

The good stuff

No monthly or minimum balance needed

Send money for free with Interac e-Transfer^®

Unlimited debit purchases, bill payments and withdrawals

Free unlimited access to all CIBC ATMs across Canada

Get everything you need to send, save and manage your money, easily

Mobile phone that shows the Interac e-Transfer screen in the Simplii Mobile App

Send money for free with Interac e-Transfer^®

Mobile phone that shows the Mobile Deposit screen in the Simplii Mobile App

Deposit your cheques using Mobile Deposit

Mobile phone that shows the Pay a bill screen in the Simplii Mobile App

Set up automatic payments

Pay with your phone

Add your Simplii debit card to your mobile wallet, and tap your phone to pay^‡_.

Global Money Transfer

Get up to $70 when you send your first global money transfer.

Foreign Cash

Get $10 when you place your first Foreign Money Order

Bank on the go

Do what you need to do from anywhere with the Simplii Mobile Banking app.

Open your No Fee Chequing Account today to earn up to $200

Need a human touch?

Give us a call anytime at 1-888-723-8881 ⁠— we're happy to help.

Looking for other simple ways to bank?

Simplii Financial™ Cash Back Visa*

Ditch the annual fee and get cash back rewards
Available only to Simplii clients who apply online.

Learn more

High Interest Savings Account

Save like a pro
Save for what you need, withdraw money when you need it.

Learn more

Know that you’re banking with the best
Forbes named Simplii Financial™ as one of the World’s Best Banks in Canada.

Have questions?

Call us anytime at 1-888-236-6398Opens your phone app.

Email us at talktous@simplii.com

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Simplii Financial is a division of CIBC, a CDIC member
CDIC Deposit Insurance Information

^†The Simplii Financial^TMup to $200 Cash Reward Offer (the “Offer”) is available between August 1, 2019 and October 31, 2019 to qualifying primary account holders of a new Simplii Financial^TM No Fee Chequing Account (“Chequing Account”) and between August 1, 2019 and December 31, 2019 to qualifying primary account holders of an existing Chequing Account. Qualifying Chequing Accounts meet the all of the applicable terms and conditions below.

1. Offer

Qualifying customers will receive one $125 cash reward for completing activity 1 below and one $75 cash reward for completing activity 2 below, for up to a total cash reward of $200.

Activity 1: Add Payroll or Pension Direct Deposit

Set up a recurring payroll or pension direct deposit for the first time and receive at least two payroll or pension direct deposits of at least $10 to the same Chequing Account by the applicable deadline in section 2 below.

Customers who received a payroll or pension direct deposit during July 2019 or received a cash reward for setting up a payroll or pension direct deposit to any Simplii Financial account after November 1, 2017 are not eligible for the cash reward for completing activity 1.

Activity 2: Add Automatic Bill Payments

Set up recurring automatic bill payment transactions to at least two recipients and complete at least two eligible automatic bill payment transactions of at least $4 from the same Chequing Account to each recipient by the applicable deadline in section 2 below.

Eligible automatic bill payment transactions include utility bills; monthly payments on credit lines, loans, mortgages, and credit cards; rent or lease payments; membership fees; property tax; income tax; entertainment streaming subscription fees; and childcare fees.

Customers who completed an automatic bill payment transaction from any Simplii Financial account during July 2019 or received a cash reward for completing an automatic bill payment transaction after November 1, 2017 are not eligible for the cash reward for completing activity 2.

2. Eligibility

New Chequing Account customers are eligible for the Offer by opening a Chequing Account, as the primary account holder, on or before October 31, 2019 and completing activity 1 or activity 2, or both, by the deadline of: 90 days of the opening of such Chequing Account.

New customers are customers who did not have, or were not the primary account holder of, a Chequing Account prior to or as of July 31, 2019.

Existing Chequing Account customers are eligible for the Offer by completing activity 1 or activity 2, or both, on any Chequing Account on which they are the primary account holder by the deadline of: December 31, 2019.

Existing customers are only the primary account holder of a Chequing Account opened prior to April 1, 2019 which remained open and in good standing as of July 31, 2019.

3. Deposit of Cash Reward

The applicable cash reward amount will be deposited into the Chequing Account of qualify new customers in the fourth month following the opening of the Chequing Account, only if the account is active and in good standing at that time. For example, qualifying new customers who opened their Chequing Account in August 2019 would receive the applicable cash reward in December 2019.

The applicable cash reward amount will be deposited into the Chequing Account of qualifying existing customers in January 2020, only if the account is active and in good standing at that time.

If the qualifying customer has more than one Chequing 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 Chequing Account with the most recent transaction date, regardless of whether any of the Chequing Accounts are joint accounts.

4. Additional Limitations and Qualifications

The Offer is open only to Canadian residents who have reached the age of majority, is non-transferable and cannot be combined with any other offers on Simplii Financial chequing accounts. Limit of one cash reward per customer per qualifying activity above. 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 Products and Services Agreement. Other terms and conditions for the Simplii Financial No Fee Chequing Account may apply; ask for details.

Simplii Financial reserves the right to cancel or change the terms of the Offer at any time, for any reason, and to revoke the Offer for any customer who appears to be manipulating or abusing the Offer, or is engaged in any suspicious/fraudulent activity.

^‡Your mobile service carrier or provider, Apple, or other third parties may charge you service fees in connection with your use of your device or respective payment method. Transaction limit amount may vary.

“SIMPLII FINANCIAL” and the SIMPLII FINANCIAL DESIGNS are trademarks of CIBC. Simplii Financial is a division of CIBC. Banking services are not available in Quebec.

Interac e-Transfer is a registered trademark of Interac Corp. Used under licence.

*Trademark of Visa Int., used under license.

Apple Pay is a trademark of Apple Inc., registered in the U.S. and other countries.

Google Pay and Google Play are trademarks of Google LLC.

Samsung^® is a registered trademark of Samsung Electronics Co., Ltd