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Since 2017, Simplii has provided full-service banking to ensure its members get the best savings and efficient financial management. Currently, almost two million clients have found a simple way of banking with Simplii, backed by CIBC, a bank with over 150 years of banking experience.
One of the benefits you can access from Simplii is its accounts which feature no-fee chequing, high-interest savings, USD savings accounts, student banking and more. The No Fee Chequing Account allows you to make unlimited debit purchases, bill payments and withdrawals daily with no monthly fees or minimum balance. You also have access to over 3,400 CIBC ATMs in Canada.
The High-Interest Savings Account allows you to save money without monthly transaction fees and the minimum balance required. The account features an easy set-up of automatic deposits with an interest rate of 0.10% and is paid into your account monthly.
The USD savings account is designed for those who want to save and get the maximum benefit from their U.S dollars. It doesn’t have monthly fees and has no minimum balance required. You can earn a 0.10% interest rate and access the best exchange rates.
The student banking account is a no-fee chequing account that includes unlimited debit purchases, bill payments, withdrawals, and Interac e-Transfer with no monthly fees and minimum balance even after graduation. You can also earn $50 when you refer a friend who successfully signs up.
The second benefit you can access is its Simplii Financial™ Cash Back Visa* Card which has no annual fee. It allows you to get cash back from restaurants, filling your gas tank and groceries. You can add up to 3 additional cardholders to earn faster cashback.
The third benefit you can access from Simplii is its mortgage services with special rates. It includes fixed-rate mortgages, which start from 5.47% (2-year fixed) and variable-rate mortgages, which start from 5.70% (5-year variable). Additionally, they offer mortgage renewal and refinance with flexible payment options and low rates.
The fourth benefit you can access from Simplii is its ‘Borrow‘ feature which includes lines of credit and loans, secured lines of credit, personal loan and creditor insurance. The lines of credit offer unlimited Interac® Debit transactions, bill payments, withdrawals and cheques with flexible repayment options.
Their personal loans offer competitive rates, consistent payment for stable budgeting, support debt and flexible repayment options. Creditor insurance protects against unexpected events such as job loss or accidents with no medical examination required. Additionally, you can take advantage of their convenient premium payment as well.
Alberta, British Columbia, Canada, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Online, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon
Since 2017
Finance
English
Since 2017, Simplii has provided full-service banking to ensure its members get the best savings and efficient financial management. Almost two million clients have found a simple way of banking with Simplii, backed by CIBC, a bank with over 150 years of banking experience.
There are a lot of reasons why you should use Simplii. Some examples include:
Becoming a Simplii member is free, and its accounts, credit cards and lines of credit have no transaction fees. Their mortgage rates depend on whether you choose fixed or variable rates.
To get started with Simplii, you fill out the application for opening an account online. You must be a Canadian resident, of legal age, have no bankruptcy in the past seven years and have a minimum gross household income.
Simplii is safe as they have security measures in place that are regularly audited to prevent unauthorised use and sharing of information and theft. The employees who have access to your data are aware of keeping it safe and confidential.
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Their customer service has always been very great.
Super friendly people on their helpline. Might’ve helped that I have also been friendly speaking to them too.
They also explained how I can increase my credit limit and the amount of money I can take out from my debit account which I had no idea about.
The only weird thing that’s happened to me is when I was trying to set up a joint account one of their representatives told me they’d call me back the next day at a certain time and they never called.
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