We could all use a little extra cash in our pocket – and you can easily get some by doing a little Simplii Financial banking.
You can now earn $350 just for opening your first no fee chequing account with Simplii Financial Canada.
Open a Simplii No Fee Chequing Account, get $350
To give your bottom line a $350 boost, all you have to do is open your first Simplii No Fee Chequing Account by April 30, 2025 and make 3 direct deposits of at least $100 per month for 3 months. The money will later be deposited into that same account.
Just remember, the offer isn’t open to those who already have the Simplii No Fee Chequing Account or who have had one before.
This offer ends on April 30, 2025, so act quickly if it interests you.
Monthly fees on your chequing account can get as high as $30 per month, but thankfully the CIBC-owned digital bank Simplii has a solution for you. With the Simplii No-Fee Chequing account, you'll get unlimited access to your money, plus you can even use CIBC ATMs for free.
- No monthly fee or minimum balance requirement
- Free and unlimited transactions
- Earn interest on your balance
- Free international money transfers
- Free access to over 3,400 CIBC ATMs
- Get up to $125 in friend referrals
- Going into overdraft can be costly
- Extra fees on non-affiliated and international ATMs
- No extra bells and whistles
- Not available in Quebec
- Resident of Canada
- Age of majority
- Free access to CIBC ATMs
- Send money internationally for free
- Valuable referral bonuses
Simplii No Fee Chequing Account details
The Simplii No Fee Chequing Account offers no monthly fees with no minimum balance and free daily banking, which includes unlimited debit purchases, bill payments, and withdrawals.
Plus, the account is part of CIBC’s network of nearly 3,000 ATMs across Canada, so you’ll be able to access your money from anywhere in the country.
The account also offers:
- Direct payroll and pension deposit
- Overdraft protection
- The ability to transfer money to another bank account at another bank
- Digital Visa gift cards that can help make gift giving…well, simple
I've been a happy Simplii client for many years – I've never had to pay a fee to keep my account open and I get unlimited transactions. These are perks that the big banks don't offer.
Just be aware, there are some things that are more difficult to do, like getting certified cheques and bank drafts. And there are some high-end features you can't get, like free or reduced priced safe deposit boxes.
But overall, Simplii has it where it counts.
What is Simplii Financial?
Established in 2017, Simplii Financial is a digital-only bank in Canada owned by CIBC. It has over 2 million clients. Prior to 2017, it was operated as PC Financial.
Simplii offers a range of financial products:
- A no fee chequing account
- A high interest savings account
- A U.S. dollar savings account
- A cash back credit card
- Mortgage and investment options
Simplii stands out by keeping banking simple by not overwhelming them with too many products. Simplii clients also have the option to bank from anywhere through its mobile banking app.
FAQ
What is the minimum balance for Simplii?
There are no minimum balance requirements for any of Simplii’s chequing or savings accounts, including the Simplii No Fee Chequing Account. Simplii's chequing and savings accounts are always free, with no monthly account fees to worry about.
What is the transaction limit for Simplii?
You get unlimited transactions with Simplii, but there are dollar limits for some transactions. The in-store limit for tapping with your debit card is $250, but you can avoid this by inserting the card and entering your PIN instead.
Is Simplii a CIBC account?
Simplii Financial is a trademark and division of CIBC. Simplii is its own separate bank but it’s officially owned by CIBC. This means that Simplii clients can use CIBC ATMs but can't use CIBC in-person banking services.
Is my money safe with Simplii Financial?
Simplii was recognized in 2024 as one of the best banks in the world by Forbes. Your deposits will be held by CIBC, a CIDC member (CDIC), and Simplii offers its own fraud protection benefit.
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