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4.5/5
Our Rating
Best for: Great signup bonus and no fee everyday banking with access to CIBC ATMs
Simplii Financial™ No Fee Chequing Account
Simple banking. No catches, no fees. Simplii's No Fee Chequing Account gives you unlimited transactions, free Interac e-Transfers, and a Debit Mastercard accepted worldwide — all with no monthly fee and no minimum balance. Banking that just works.
Earn $300 and a $50 Skip gift card (terms apply)
Simplii Financial™ No Fee Chequing Account
4.5/5
Our Rating
Simple banking. No catches, no fees. Simplii's No Fee Chequing Account gives you unlimited transactions, free Interac e-Transfers, and a Debit Mastercard accepted worldwide — all with no monthly fee and no minimum balance. Banking that just works.
Earn $300 and a $50 Skip gift card (terms apply)
Account Details
Offer Headline
Earn $300 and a $50 Skip gift card (terms apply)
Monthly Fee
$0
Our Rating
4.5/5
Account Type
Chequing
Account Category
Personal
Institution
Simplii Financial™
Offer Details
Earn $300 and a $50 Skip gift card when you become a new client and open a No Fee Chequing Account and set up an eligible direct deposit of at least $100 for 3 straight months. Offer ends on Sept 30, 2026.
Interest Rates
$0.00 to $50,000.00
0.01%
$50,000.01 to $100,000.00
0.01%
$100,000.01 to $500,000.00
0.01%
$500,000.01 to $1,000,000.00
0.01%
$1,000,000.01 and up
0.01%
Fees
Account Fees
Monthly Fee
$0
eStatement
Included
Transactions
Transactions
Unlimited free
Interac e-Transfers
Unlimited free
ATM Fees
Own Network
$0
Other Canadian ATMs
$1.5
USA
$3
International
$3
International & Currency
Foreign Currency Conversion
2.5%
Other Fees
NSF (Non-sufficient Funds)
$10
Overdraft Interest
19% annually (if used)
Bank Draft
$7.5
Highlights
Save over $200/year with free daily banking.
It's simple. With a no-fee chequing account, you get free daily banking. Life’s always busy and you work hard every day for your money – it’s time for your bank account to do the same.
Product Highlights:
- Free daily banking – Enjoy unlimited debit purchases, bill payments and withdrawals.
- Skip the monthly fees - No monthly fees with no minimum balance
- Free access to over 3,400 CIBC ATMs across Canada
- Unlimited Interac e-Transfer® and debit transactions
- Earn interest on every dollar
Additional Features:
- 24/7 access to bank account via mobile app and online banking
- Setting up direct payroll deposits, account-to-account transfers and pre-authorized bill payments is easy. Overdraft Protection (optional extra): Fixed interest rate of 19.00% will be applied on overdraft balances, in addition to a monthly charge when ODP is used
- Send Digital Gift Cards
Legal
“SIMPLII FINANCIAL™” and the “SIMPLII FINANCIAL™ DESIGNS” are trademarks of CIBC. “Simplii Financial™” is a division of CIBC. Banking services are not available in Quebec.