Your Chequing account is the unsung hero of your finances. It does everything necessary to keep your funds flowing, from receiving salary to payment through direct deposit and easily getting cash. If you are one of many Canadians who are still paying fees on your day-to-day banking, switching to a free Chequing account (such as one from Simplii Financial) is an easy way to save unnecessary costs.
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Simplify financial free chip accounts
When you become a new client, earn $300, open a free chip account, and will have at least $100 per month for three consecutive months of eligible direct deposit. The offer ends on April 28, 2025.
- No monthly or minimum balance required
- Unlimited inspection of transactions and electronic transferors
There must be one this year: no-fee chip account
Many Canadians use the same traditional bank account year by year. You may still be using the first Chequing account you opened, but that doesn’t mean you are obliged to continue. Canadians are often very loyal to their banks, but look around for better or no-cost offers that can eventually save you hundreds of dollars a year.
Simplii Financial’s free chip account saves account holders over $200 a year with free daily banking. Regardless of the Mastercard that accepts debit cards, customers can use debit cards online and anywhere in the store and in-store. Enjoy unlimited electronic transfers and debit transactions and free access to CIBC ATM. There is no minimum balance requirement either. Clients can set up direct salary and pension deposits as well as pre-authorized bill payments, make account transfers and add optional overdraft protection.
Switch to simple finance and get cash bonuses
Switching to Simplii’s free chip account is an easy option. Not only can you save $200 in banking fees per year, but you can also earn cash bonuses.
For a limited time, new Simplii customers can earn a $300 registration bonus by depositing at least $100 in their Chequing account for three consecutive months. (The quote ends on April 30, 2025.) This bonus can help repay the fees established during the holiday.
The account’s referral amount is $125 for each new account you recommend, and your friends will receive a $50 sign-up bonus when opening an account. So if you are already a simple client and are not eligible for a new account bonus, the referral program is one way to get $125 or more when referring a friend.
How to open a simple financial no-fee chip account
Sign up to simplify finance and make it quick and easy to get chip accounts with no fees. If you are a resident of Canada, at least most age in the province, you are eligible to open a Chequing account in Simplii. (Not available to Quebec residents.) All you need is your Social Security number (sin) and digital signature.
