Simplii Financial™ No Fee Chequing Account
$50
Simplii Financial™ No Fee Chequing Account
Bank Account · Apply through Finly
Cash back
$50
Finly rebate
Get $50 rebate + Earn $350. Conditions apply.* on an approved Simplii Financial™ No Fee Chequing Account
Apply through Finly and get approved for the Simplii Financial™ No Fee Chequing Account to earn our Finly rebate — sent to your bank via Interac e-Transfer once your application is approved. Terms and conditions apply.**
Paid via INTERAC e-Transfer
Secure & private
$1.8M paid out to Canadians
Read before you apply
Rebate eligibility & offer terms
These rules determine whether you qualify for the Finly rebate on this offer. Skim them before clicking apply.
* / ** Terms and conditions apply.
- This offer is only valid for eligible new Simplii customers who opened their first Simplii account.
- This offer is not available for residents of Quebec.
- There is a minimum of 7 business days before the bank may report back your updated status to be reflected on our side.
The chequing account
Why Simplii Financial™ No Fee Chequing Account?
Uncomplicated 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. Stress-free banking that just works.
How to earn the welcome bonus
- Earn $350 when you become a new client, open a No Fee Chequing Account, and set up an eligible deposit of at least $100 for 4 straight months.*
- Offer ends January 31, 2027*
Interest rate tiers
$0.00 to $50,000.00
$50,000.01 to $100,000.00
$100,000.01 to $500,000.00
$500,000.01 to $1,000,000.00
$1,000,000.01 and up
Fees & limits
Monthly fee
Transactions
Interac e-Transfers
ATM (own network)
ATM (Canada, other)
Foreign currency
Insufficient funds
Ready when you are
$50 is yours when you apply through Finly.
We e-Transfer your rebate via Interac after the financial institution confirms your approval and eligibility. No portals, no points — just real cash.
Stack & save
Bundle this with a complementary offer
Open more than one product through Finly and you earn a separate cash rebate on each. We'll e-Transfer them all to the same Interac email — no extra steps on your end.
Apply for 2 more offers to stack rebates from a single Finly account.
Browse all
FAQ
Common questions, answered.
Still unsure? Reach out to support after signing up — we'll get back to you within a couple of business days.
Yes. The Finly rebate stacks with whatever sign-up offer or welcome bonus the institution provides. You get both.
Rebates are sent via Interac e-Transfer to the email on your Finly profile. Once your sign-up is verified, payments are typically processed within 10 days.
The financial institution reports the transaction back to us within a few days to a few weeks, depending on their reporting cadence. You can track the status from your Finly account.
Switching devices mid-application, using a VPN, ad blocker, or incognito mode can break our tracking cookies. Complete the application on a single device in one session for a smooth experience.
No — Finly rebates apply only to brand-new sign-ups. If the financial institution flags you as an existing customer for that product, the rebate won't apply.
Some accounts waive the monthly fee if you maintain a minimum balance or set up direct deposits. Any waiver options are listed in the fees & limits panel above. The financial institution makes the final approval decision.
Eligible Canadian bank deposits are insured by CDIC up to $100,000 per category. Coverage details depend on the institution — check the financial institution's site for specifics.
What Our Members Say
Real reviews from real users. See our full list of reviews on Trustpilot
Legal & disclosures
Disclosures from the issuing institution. Always confirm product terms directly with the issuer before applying.
Product legal content
“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.
*The Simplii Financial No Fee Chequing Account $350 offer (the “Offer”) begins on September 23, 2026 at 12:01 am (ET) and ends on January 31, 2027 at 11:59 pm (ET) (the “Offer Period”). The Offer consists of a $350 cash reward (the “Cash Reward”) to qualifying primary account holders for opening and using a new Simplii Financial No Fee Chequing Account (the “New Account”) and complying with the following requirements.
1. Eligibility
This Offer is open only to Canadian residents who: (i) have reached the age of majority in their province of residence and (ii) have not held a Simplii Financial product as the primary account holder on or before March 23, 2026. This Offer can be combined with all other offers unless otherwise indicated. Individuals who meet the foregoing eligibility requirements and otherwise comply with these Terms are referred to as “Eligible Client(s)”.
2. Offer Requirements
To qualify for the Offer and receive the Cash Reward, an Eligible Client must:
i. open a New Account as the primary account holder during the Offer Period. This must be the Eligible Client's first New Account opened as the primary account holder during the Offer Period;
ii. within 150 days from the date the New Account is opened, set up one or more Eligible Recurring Direct Deposits totaling at least $100 of deposits per month into the New Account; and
iii. have such Eligible Recurring Direct Deposit(s) credited to the New Account for at least four (4) consecutive months within the above 150-day time period.
“Eligible Recurring Direct Deposits”: Most automated and recurring direct deposits are eligible. Examples of common recurring direct deposits include: payroll, pension direct deposits, old age security, disability payments, and governmental payroll deposits, such as employment insurance. For further details and to confirm whether an automated and recurring direct deposit qualifies for the Offer, consult with a Simplii Financial representative.
3. Payment of Cash Reward
If an Eligible Client qualifies to receive the Cash Reward, the Cash Reward will be directly deposited to the New Account within three (3) business days of all offer requirements being fulfilled. For example, a qualifying Eligible Client who opened a New Account on January 6, 2027 and completed all required Eligible Recurring Direct Deposits by June 05, 2027 will receive the Cash Reward by June 11, 2027. The New Account must remain active and in good standing at the time the Cash Reward is deposited.
4. Additional Limitations and Conditions
The Cash Reward must be accepted as awarded and is not transferable or assignable. No Cash Reward substitutions will be permitted. Limit of one Cash Reward per Eligible Client no matter how many New Accounts are opened. For joint accounts, only one Cash Reward is available per Account. The recipient of the Cash Reward is solely responsible for any tax consequences associated with their receipt thereof.
The Offer is subject to the terms and conditions of the Simplii Financial Products and Services Agreement. Simplii Financial reserves the right to cancel or change the terms of the Offer at any time without notice, for any reason, and to revoke the Offer from any customer who appears to be manipulating or abusing the Offer, or is engaged in any suspicious/fraudulent activity.
In the event of any discrepancy or inconsistency between the terms and conditions as provided in these Terms and disclosures or other statements contained in any Offer-related materials, including, but not limited to television, print or online advertising, the terms and conditions of these Terms shall prevail, govern and control to the fullest extent permitted by law.
§ A monthly charge will apply when you use this service, in addition to a fixed interest rate on overdraft balances. A minimum charge of $4.97, plus 19% of the amount accessed, will apply.