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Simplii Overview

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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.

Simplii Features

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.

simplii financial brand - comparewise

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.

Simplii No Fee Chequing Account - comparewise

Promo Offer: Earn $400 When You Open A No Fee Chequing Account Today

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.

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Service Areas

Alberta, British Columbia, Canada, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Online, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon

Services

  • App
  • Banks
  • Money Transfer
  • Mortgage
  • Personal Loan

Year in Business

Since 2017

Industry

Finance

Languages

English

FAQs about Simplii

What is Simplii?

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.

Why should I use Simplii?

There are a lot of reasons why you should use Simplii. Some examples include:

  1. Access to its accounts which feature no-fee chequing, high-interest savings, USD savings accounts, student banking etc.
  2. Access to its Simplii Financial™ Cash Back Visa* Card which has no annual fee.
  3. Access to its mortgage services at special rates.
  4. Access to its ‘Borrow’ feature which includes lines of credit and loans, secured lines of credit, personal loans and creditor insurance.

How much does Simplii cost?

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.

How do I get started with Simplii?

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.

Is Simplii safe?

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.

Simplii Products

Simplii
Simplii
High-Interest Savings Account
$0
Transaction Fees
Unlimited
Features
Simplii
Simplii
USD Savings Account
$0
Transaction Fees
Unlimited
Features
Simplii
Simplii
Student Banking Account
$0
Transaction Fees
Unlimited
Features
Simplii
Simplii
Simplii Financial™ Cash Back Visa* Card
$0
Annual Fee
Unlimited
Features
Simplii
Simplii
Variable-Rate Mortgage
$5.47
% Starting Rate
Unlimited
Features
Simplii
Simplii
Fixed-Rate Mortgage
$5.70
% Starting Rate
Unlimited
Features
Simplii
Simplii
Lines Of Credit
$0
Transaction Fees
Unlimited
Features
Simplii
Simplii
Creditor Insurance
$0
Low Rates
Unlimited
Features

Simplii Offices

Phone Number
1-888-723-8881
Email
talktous@simplii.com
Office Hours
Monday - Friday: 09:00 AM - 05:00 PM
Website
Address
532 Main St North Montague Prince Edward Island C0A 1R0 CA
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Reviews

December 31, 2023

I don’t understand why there are so many negative reviews. My experience has been nothing but positive and I wouldn’t hesitate to recommend them to anyone. I don’t work for Simplii. Yes, you can be on hold for a long time sometimes. Just call them early in the morning and you won’t be on hold for long.

December 31, 2023

top notch

December 31, 2023

I call for some clarification and questions on my online account. The customer service is excellent! My concern got easily solved.

December 31, 2023

I have account with simplii financial for few years now , never had any issues don’t know why so many negative reviews or is it that all the satisfied customers not living any.

March 1, 2023

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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Thank you for your valuable input!

Characteristics
  • Quality
  • Сonfidence
Experience
  • Knowledge
  • Counsulting
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Simplii Details
  • mobile phone icon
    1-888-723-8881
  • clock icon
    Monday - Friday: 09:00 AM - 05:00 PM
  • pinpoint icon
    532 Main St North Montague Prince Edward Island C0A 1R0 CA
  • clip icon
    simplii.com
  • mail icon
    talktous@simplii.com
Simplii Social Media
Simplii Reviews
5.0 average based on 5 reviews
Characteristics
  • Quality
  • Confidence
Experience
  • Knowledge
  • Counsulting

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