Simplii Financial Simplii Financial: Get a $200.00 Bonus When You Open a New No Fee Chequing Account Before March 31 Get $200 with a New Simplii Chequing Account!
get this dealEarn some extra money with a new bank account from Simplii Financial, where you can get a $200.00 bonus with a new No Fee Chequing Account!
To get started, simply open a No Fee Chequing Account online before March 31, then add an eligible direct deposit of at least $100.00 per month for three consecutive months.
Eligible direct deposits including payroll, pension or employment insurance payments and the $200.00 cash bonus will be deposited into your account between April and August, depending on the completion of your three direct deposits.
The Simplii Financial No Fee Chequing Account offers free daily banking with unlimited debit purchases, bill payments and withdrawals, with free access to the CIBC network of over 3400 ATMs across Canada.
This offer is available to new Simplii Financial clients until March 31 -- click or tap the Legal pane on the website footer to view the complete terms of this offer.
Showing 40 Most Recent Comments
View allI tried doing a Questrade EFT direct deposit because I know that it works for some banks. I called them and they said it does not qualify even I told them I'm retired and that my investment income is my main source of income. It seems they are really strict on this so you will either have to change government benefits payout or ask your employer to change your direct deposit for 3 months. What a pain!!!
Fortunately, I have my own company. So I just paid myself as an employee on minimum wage for 8 hours for 3 months then terminated myself. It's still a pain cause you essentially have to pay EI, WSIB, vacation pay, etc. On top of it, have to give myself a T4 at the end of the year which is even more of a headache. Would only recommend this if you are self employed, willing to change your payroll or government benefits for the long term.
Also, I received this offer last May 26:
So I'll wait until July 26 to see if I get another bonus of $50 for keeping $100 in the account untouched since then.
If I get transferred, I note that I was transferred and for what purpose or department and the new operator's name.
This way, if I get someone like the previously mentioned, I can call again and let them know, or if I get someone who is unhelpful, I can ask for their supervisor and explain what has happened and when with exact times and dates.
Yeah it might not count for much if you get a jerk, but for the most people they do take it more seriously when you are able to mention more details. Plus, I feel it gets me more confident when I hit a snag in the calls and I don't resort to being a frustrated customer just being angry at the operator.
Sorry you had to go through that.
I’m born here and feel like a second class citizen after this played out in front of me.
The savings account has the bulk of my funds because I signed up to take advantage of the promotional 2% interest rate. Now that the 2% promotion will be coming to an end at the end of this month, and my other bank accounts also have dollar limits on ACH transfers, I am trying to start withdrawals now. Also since I need to make some large e-transfers, I need to spread the funds out among my different bank accounts to get around the piddly $3000 daily limit that all of them have. And most of my other accounts are linked to the chequing account so that I can minimize the number of hits to the savings account when I need to withdraw everything. So I sent a $3000 e-transfer last night (my first time doing so with Simplii) and transferred some to chequing, then did some more planning on the distribution of funds and wanted to transfer more funds to chequing from savings so I don't have too many withdrawals hitting savings as I believe we are limited to 6 per month. But when I go to the Transfer section, as well as the e-transfer section of the website, I only get an error and a message to call customer service, and the customer service is being completely unhelpful. They only told me they will send me an email and that I needed to take it to a Canada Post and show ID. WTF?!! They wouldn't help me at all. I did get an email from Simplii flagging the e-transfer as fraudulent which also said I would receive a text to respond to to verify, but I didn't receive the text. I did receive an automated phone call in the morning and pressed the numbers to verify the transactions.
I did a web search and found that apparently a number of people are also having issues with frozen or otherwise malfunctioning accounts!
https://ca.trustpilot.com/review/simplii.com
The only downside I'd say is that, with Simplii Financial/CIBC, you must consent to a hard credit check no matter what you do (so if you want multiple accounts and/or overdraft, do it at the same time) to be able to open the account. Occasionally, if that fails, you have to go to a Canada Post outlet with a barcode to verify your identify with photo ID and proof of address.
Yes, it's easier to use your other bank to link. You'll just have to do "pushes" by the other bank to Simplii instead of "pulls" initiated by Simplii
Only "issue" I had with the bank is the $500 withdrawal limit for new clients, which is fine as I rarely take out money, however, the 1 time that I needed it most I had to wait on hold for over 1/2hr to actually speak to someone to temporarily raise the limit.
Other than that, I'm happy (switched from TD).