[Simplii Financial] Get $30 for making an international transfer. CAD$100 minimum transfer.

I have a simplii account with the Simplii FinancialTM Global Money Transfer option ENABLED
But I have no reason to transfer the minimal $100 to my own RBCBANK.COM (RBC George) .... how do I get a $30 reward for trying out their service ?

EDIT:

Clicked on link in OP's post
Applied coupon code SIMPLIIGMT
Code was applied successfully
Sent myself $100 CAD
Now waiting to get my $30CAD deposited into my account! Any idea how long that's supposed to take?

There is no free lunch...

I also have a foreign account if anyone wants to take advantage of the promo. You can check my profile here on RFD and BST for trustworthiness. Or you can always get in touch with the Nigerian prince

Is anyone else having issues with the Global Money Transfer function this morning? It shows as a menu option for me in the app and on the website however loads the page with an error message at the top and doesn't allow you to select the receiving country.

The new customer promo for this is also an even better offer - you receive $70 if you make a transfer within 60 days of opening your account, same promo code.

Just a note for those considering using this service. I have a US bank account in the US that I use for shopping. I did a transfer from Simplii to the account, and that bank charged me $15 USD in wire transfer fee, so you may want to check this for your situation. It may not be worthwhile.

dpolites wrote: ↑

Jun 9th, 2019 1:38 pm

Just a note for those considering using this service. I have a US bank account in the US that I use for shopping. I did a transfer from Simplii to the account, and that bank charged me $15 USD in wire transfer fee, so you may want to check this for your situation. It may not be worthwhile.

Yep that's what happens to me... Thieves

dpolites wrote: ↑

Jun 9th, 2019 1:38 pm

Just a note for those considering using this service. I have a US bank account in the US that I use for shopping. I did a transfer from Simplii to the account, and that bank charged me $15 USD in wire transfer fee, so you may want to check this for your situation. It may not be worthwhile.

grilw wrote: ↑

Jun 9th, 2019 5:56 pm

Yep that's what happens to me... Thieves

Just to make sure I'm understanding this, the FI deducts $15 fee for the transfer so net profit here is $30 - 15 = $15?

adilh53 wrote: ↑

Jun 9th, 2019 6:14 pm

Just to make sure I'm understanding this, the FI deducts $15 fee for the transfer so net profit here is $30 - 15 = $15?

No, the net profit is $30 CAD - $15 USD - a few dollars in spread (both ways, if you plan to move the money back into CAD) = Not worth the trouble.

WellHung wrote: ↑

May 30th, 2019 4:24 am

Compare the estimated transfered amount with transferwise, nothing beats their rates, to see if you're losing on the exchange.

Nothing comes close. I sent 20k to europe the other day and when I was in the bank asked what their rate was. The receiver would've received 300 Euro less if I sent it through the bank. Love transferwise, even their CSRs are awesome.

Looked at transferwise however still find xe money transfer offers a better rate. Pretty solid app as well

Hugh Jass wrote: ↑

Jun 9th, 2019 6:46 pm

Nothing comes close. I sent 20k to europe the other day and when I was in the bank asked what their rate was. The receiver would've received 300 Euro less if I sent it through the bank. Love transferwise, even their CSRs are awesome.

+1 for Transferwise. Especially the free first $800 with referral.

Simplii fixed their referral link. When used, it briefly shows "Verifying referral." before dropping you on a Simplii page.

treo222 wrote: ↑

Jun 9th, 2019 10:35 pm

Looked at transferwise however still find xe money transfer offers a better rate. Pretty solid app as well

The rate on XE's homepage is not their real rate. XE only shows you the real rate after you login.

TW: $1000 CAD gets you $741.03 USD
XE: $1000 CAD gets you $738.70 USD

IEpicDestroyer wrote: ↑

Jun 4th, 2019 1:46 pm

Can’t you wire this to your Transferwise horseless account? Just wire it to the US and then convert it back and withdraw to bank account?

I'm sure you meant "borderless" and not horseless. ;-)

With Transferwise borderless, you can avoid the $15 US wire charges. Here's how from your Canadian bank: Direct debit, local bank transfer, credit or debit card, online bill transfer. You will end up paying currency conversion fees when you transfer via ACH (free) from TW to your US bank. So, this thread is moot if you use TW.

https://transferwise.com/help/14/curren ... sfers#From