Simplii’s No Fee Chequing Account lets you manage daily money without monthly charges. You get unlimited everyday transactions and free access to CIBC ATMs across Canada, making it practical for newcomers who need cash, pay bills, and receive direct deposits.

💡 What is the Simplii No Fee Chequing Account?

The No Fee Chequing Account from Simplii Financial is a bank account that gives you free daily banking with no monthly fee and no minimum balance. That means you keep all your money, even if your account balance is low.

It works like a regular chequing account — but with fewer costs and more freedom to use your money.

📌 Main Features (Easy Everyday Banking)

No monthly fees & no minimum balance
You don’t pay a monthly service fee, and there is no balance requirement to avoid fees. This is ideal for newcomers who are still getting settled and want to keep their costs low.

Unlimited debit purchases, bill payments, and withdrawals
You can spend, pay bills, and take out cash without worrying about extra charges.

Free access to CIBC ATMs across Canada
Because Simplii is the online bank from CIBC, you can use any of the 3,400+ CIBC ATMs for free. This is a big advantage — you don’t pay ATM fees when you need cash.

Easy direct deposit and transfers
You can set up your payroll or government benefits to go directly into this account. You can also pay bills or move money between accounts easily.

Optional overdraft protection
If you want a safety net for short cash shortages, you can add overdraft protection — that means you are covered if your balance goes below zero.

💰 Why This Makes Sense for You (From Personal Experience)

I use this account myself, and two things stood out:

• Because there are no monthly fees, I don’t have to keep a high balance just to avoid charges. I can keep most of my money in my savings or investments where it earns more.

• I can use CIBC ATMs everywhere. Even though Simplii is online-only, I can still take out cash for free just like a bank account with branches. This gives me flexibility without extra costs.

🎁 Welcome Bonus (Limited Time)

You can earn $300 and a $50 Skip gift card when you open a Simplii No Fee Chequing Account and set up eligible direct deposits. Terms apply and the offer ends soon.

📲 Easy Mobile and Online Banking

With Simplii, you can do all your banking on your phone or computer:

• Check balances and transactions

• Send money with Interac e-Transfer®

• Pay bills and set up automatic payments

• Transfer funds between accounts
  These digital features help you stay in control of your money from anywhere.

🧠 Real Newcomer Tip

When you first arrive in Canada, choosing a no-fee chequing account means you keep more cash in your pocket. You can use this account for everyday spending, then move extra money into a savings account where it earns interest. This strategy helps your money grow while keeping banking simple.

🏁 Bottom Line

The Simplii No Fee Chequing Account is a simple, low-cost bank account that gives new Canadians:
✔ Free daily banking with no fees
✔ No minimum balance
✔ Free CIBC ATM access across Canada
✔ Easy setup for direct deposit and bill payments
✔ Optional overdraft protection

This is a strong choice for newcomers, students, and anyone who wants everyday banking without extra costs.

Terms and conditions apply. Offer subject to eligibility and may change at any time.