-
What do I need to qualify for the $350 bonus?
You must be a new Simplii Financial client. Open a No Fee Chequing Account and set up at least one eligible direct deposit (payroll, pension, or government payment). The bonus is deposited automatically once the conditions are met.
-
Is Simplii Financial a real bank?
Yes. Simplii Financial is a division of CIBC, one of Canada's Big Five banks. Your deposits are insured by CDIC up to $100,000 per eligible category. They've served Canadians since 2017 (formerly PC Financial).
-
Are there really no monthly fees?
Correct. The No Fee Chequing Account has zero monthly fees, no minimum balance requirement, and unlimited everyday transactions including debit purchases, bill payments, and withdrawals.
-
How do I deposit cash or cheques?
Deposit cash at any of 3,400+ CIBC ATMs across Canada. For cheques, use the mobile deposit feature in the Simplii app — just snap a photo.
-
How long does the application take?
About 5 minutes online. Most accounts are approved instantly. You can start banking through the app right away while your Debit Mastercard arrives by mail.
-
Can I keep my current bank account?
Absolutely. Many people keep their existing bank account during the transition and close it later once they're comfortable. There's no requirement to close other accounts.