{"id":405804,"date":"2024-09-03T14:13:46","date_gmt":"2024-09-03T18:13:46","guid":{"rendered":"https:\/\/milesopedia.com\/?p=405804"},"modified":"2025-05-13T17:58:39","modified_gmt":"2025-05-13T21:58:39","slug":"simplii-financial-our-review-of-their-financial-products","status":"publish","type":"post","link":"https:\/\/milesopedia.com\/en\/reviews\/products\/simplii-financial-our-review-of-their-financial-products\/","title":{"rendered":"Simplii Financial: Our Review Of Their Financial Products"},"content":{"rendered":"

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Simplii Financial<\/strong> is a Canadian online bank offering financial products to Canadians. These include bank accounts with no monthly fees and a cash-back credit card. In this article, we explore the main financial products offered by Simplii Financial <\/b>and compared with those of other Canadian banks. Then we share our review so you can make an informed decision.<\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”What is Simplii Financial?” css=”” el_id=”what_is_simplii_financial_”][vc_column_text css=””]<\/p>\n

Simplii Financial<\/a> is a Canadian online bank that was launched in 2017. It’s a division of CIBC<\/a>, so Simplii customers can deposit and withdraw money at CIBC bank machines across Canada, free of charge. What’s more, this enables it to obtain Canada Deposit Insurance Corporation (CDIC)<\/a> protections.<\/p>\n

Simplii Financial<\/strong> offers free chequing and savings accounts, as well as a Visa credit card. It also offers other financial products, such as investments (TFSAs<\/a>, RRSPs<\/a>, GICs, mutual funds), mortgages and other types of loans. Today, Simplii has 2 million customers.<\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Simplii Financial’s Products” css=”” el_id=”simplii_financial_s_products”][vc_message css=””]<\/p>\n

Unfortunately, Simplii Financial’s products are not currently available in Quebec.<\/p>\n

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As mentioned earlier, Simplii Financial<\/strong> offers a wide variety of financial products for Canadians. However, this analysis focuses primarily on bank accounts and cash-back credit cards.<\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Simplii Financial – No Fee Chequing Account” font_container=”tag:h3|text_align:left” css=”” el_id=”simplii_financial_-_no_fee_chequing_account”][vc_column_text css=””]<\/p>\n

The Simplii Financial No-Fee Chequing Account<\/a> is, as the name implies, an account with no monthly fees and no minimum balance requirement. You get many free features such as Interac transfers and unlimited debit transactions. Plus, you get free access to all CIBC bank machines across Canada.<\/p>\n

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Open a Simplii Financial No-Fee Chequing Account<\/strong> before March 31st, 2026 and earn $300<\/strong> cash bonus plus a $50 Skip gift card by setting up an eligible direct deposit of at least $100 per month for 3 consecutive months.<\/p>\n

Save over $200 a year with this no monthly fee, no minimum balance account.<\/p>\n

Enjoy free access to all CIBC ATMs across Canada, as well as unlimited Interac and debit transactions.<\/p>\n

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<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\t<\/div>\n<\/div>\t\t<\/div>\n\n\t\t<\/div>[\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Simplii Financial – High Interest Savings Account” font_container=”tag:h3|text_align:left” css=”” el_id=”simplii_financial_-_high_interest_savings_account”][vc_column_text css=””]<\/p>\n

The Simplii Financial High Interest Savings Account<\/a> is a savings account with no monthly fees and no minimum balance. Among other things, you can earn an attractive interest rate on your savings and set up automatic deposits.<\/p>\n

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Whatever your savings goal, Simplii makes it easy with the Simplii Financial High Interest Savings Account<\/strong>. Save easily without tying up your money for an extended period. Enjoy an account with no monthly fees<\/strong>, no minimum balance<\/strong> and set up automatic deposits.<\/p>\n

For a limited time, earn 4.50% interest\u2020<\/sup> on eligible deposits for the first 5 months<\/strong>. Limits apply. Offer ends on April 30, 2026.<\/p>\n

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<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\t<\/div>\n<\/div>\t\t<\/div>\n\n\t\t<\/div>[\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Simplii Financial\u2122 Cash Back Visa Card” font_container=”tag:h3|text_align:left” css=”” el_id=”simplii_financial_cash_back_visa_card”]

The Simplii Financial\u2122 Cash Back Visa*<\/strong> is a no-annual-fee credit card that turns your everyday spending into real cash back.<\/p>\n

With this limited-time offer, earn 20% cash back for your first 3 months<\/strong> on up to $500 in spending<\/strong> on gas, groceries, drugstore purchases and pre-authorized payments<\/strong> \u2014 that\u2019s up to $100 back<\/strong> in your pocket.<\/p>\n

After the welcome period, the Simplii Financial\u2122 Cash Back Visa* continues to reward you with competitive cash-back rates on your most frequent purchases:<\/p>\n