Free Global Money Transfers. Free daily banking. Skip the monthly fees. Free access to over 3,400 CIBC ATMs across Canada.
Limited time offer: Earn $300 cash and a $50 Skip gift card when you become a new Simplii client
RateBuddy Top Pick
Chequing Account
CAD
CDIC Insured
Simplii Financial
Simplii No Fee Chequing Account
Voted Best Chequing Account 2023 and 2025. Offers free daily banking with unlimited transactions and access to CIBC ATMs.
Rate up to
0.01%
Monthly fee
No monthly fee
Transactions
Unlimited
Minimum deposit
$0
CURRENT OFFERS
Promotions and account value
EARNINGS
Rates and interest details
Rate option 1
0.01%
- Compounding
- Monthly
- Calculation
- Daily Closing Balance
Rate option 2
0.01%
- Compounding
- Monthly
- Calculation
- Daily Closing Balance
Balance-tier schedule
| Balance | Standard rate | Boosted rate | Condition |
|---|---|---|---|
| $0 – $50,000 | 0.01% | 0.01% | Standard eligibility applies |
| $50,000.01 – $100,000 | 0.01% | 0.01% | Standard eligibility applies |
| $100,000.01 – $500,000 | 0.01% | 0.01% | Standard eligibility applies |
| $500,000.01 – $1,000,000 | 0.01% | 0.01% | Standard eligibility applies |
| $1,000,000.01+ | 0.01% | 0.01% | Standard eligibility applies |
COSTS
Fees and account limits
Monthly feeNo monthly fee
Fee-waiver balanceNot listed
Minimum deposit$0
Maximum depositNot listed
Included transactionsUnlimited
Bundled productYes
Detailed fee schedule
| Fee | Amount | Frequency or allowance | Additional use |
|---|---|---|---|
| Third-Party ATM Surcharge$4.97 fee applies only in months when overdraft is used. Fixed 19% interest on balance. | - | Unlimited | - |
ACCOUNT EXPERIENCE
Features and benefits
No Monthly Fees
Free Interac e-Transfers
Unlimited Transactions
Welcome Bonus Offer
Access to No-Fee ATM Network
No minimum balance
Online and Mobile Banking
Online and Mobile Banking
CDIC Insured
Apple Pay Support
Google Pay Support
International Money Transfers
International Money Transfers
WHO CAN APPLY
Eligibility and access
Minimum ageNot specified
AvailabilityAvailable nationally
Mobile appYes
Online bankingYes
Branch accessNo
CDIC Insured: This product is identified as eligible for CDIC deposit protection, subject to applicable limits and conditions.
Students
Youth
Seniors
Newcomers
COVERAGE
Registration, networks and availability
Registration options
- NONREGNon-Registered
IMPORTANT INFORMATION
Terms and disclosures
Rates, fees, eligibility requirements and promotional terms can change. Confirm all current details directly with Simplii Financial before opening the account.