Simplii Financial
CDIC identifies Simplii Financial as a trade name of CIBC. A distinct brand is not, by itself, a distinct legal deposit-taker.
Let’s check the detail.The identity behind the name.
CDIC identifies Simplii Financial as a trade name of CIBC. A distinct brand is not, by itself, a distinct legal deposit-taker. The dated No Fee Chequing facts below describe selected account terms; confirm the agreement and any additional charges for your particular use.
Institution-status research checked 2026-10-29. This does not refresh product fees, ratings or eligibility.
Account facts you can inspect.
No Fee Chequing Account
Checked 2026-10-26 · selected fields only
This repeats the recorded monthly package fee twelve times at a constant price. It is an arithmetic illustration, not a forecast of your next twelve bills. Future price changes, waivers, introductory pricing and additional charges are not modelled. It is not your total annual account cost.
See all twelve package-fee rows
| Fee number | Package fee | Package fees so far |
|---|---|---|
| 1 | $0.00 | $0.00 |
| 2 | $0.00 | $0.00 |
| 3 | $0.00 | $0.00 |
| 4 | $0.00 | $0.00 |
| 5 | $0.00 | $0.00 |
| 6 | $0.00 | $0.00 |
| 7 | $0.00 | $0.00 |
| 8 | $0.00 | $0.00 |
| 9 | $0.00 | $0.00 |
| 10 | $0.00 | $0.00 |
| 11 | $0.00 | $0.00 |
| 12 | $0.00 | $0.00 |
- Monthly-fee waiver balance
- Not reviewed
- Balance timing
- Not reviewed
- Included transactions
- Unlimited under the reviewed terms
- Included e-Transfers
- Not reviewed
- Other-network ATM fee charged by issuer
- $1.50
- Foreign-exchange markup
- Not reviewed
Conditions and what is still unknown
- No monthly fee and no minimum balance; a monthly-fee waiver balance is not applicable.
- Unlimited debit purchases, bill payments and withdrawals are advertised. Free e-Transfer service is confirmed, but no separate numerical or explicit unlimited count is inferred.
- The $1.50 fee applies to Canadian Interac bank machines not displaying the CIBC name/logo; operator surcharges can apply.
- Two bank records represent Simplii in the snapshot. This is one issuer/product review and must not be counted as two independent choices. Online identity verification is advertised, subject to eligibility.
Keep the earlier context in view.
These earlier descriptions and product names are preserved for continuity. They do not establish current services, offers or eligibility.
Earlier institution description
CIBC's digital bank offering no-fee banking and competitive rates.
1 earlier product name
- No Fee Chequing · chequing
Earlier amounts, app ratings, welcome offers and application links are not treated as reviewed current terms.
Sources for this record.
Open CDIC’s institution lookupCDIC’s list covers member institutions and trade names. Provincial credit unions and other provider categories require the appropriate separate checks. Membership alone does not establish coverage for every product.
What would the account cost you?
Start with the package fee you would actually pay. Add extra transactions and cash access. Check introductory expiry and the exact daily-balance waiver test. Include a transition month if you are moving accounts.
Questions before your next step.
Does appearing here mean MITEY recommends this provider?
No. A directory entry and a dated fee record do not assess suitability, financial strength, customer service, approval likelihood or all of your costs. You decide which questions and sources matter to your situation.
What should I check if the institution changed names?
Identify the legal provider on your own agreement or statement. Read its official transition instructions before changing a login, payment instruction or account. Legal amalgamation, product migration and a brand change can happen on different dates.
Does a listed brand have its own deposit-insurance limit?
Do not assume so. Check the legal deposit-taker, eligible product, ownership category and current insurance rules. Several brands can belong to one institution; a fintech arrangement can involve a separate bank or trust company.
