Simplii Financial: Promo For New Clients - $200 **QC excluded**

Thanks for sharing!

Are there any signup bonuses right now in addition to the $200 for opening a chequing account & setting up payroll deposit for 3 months?

Thanks for posting OP. Upvoted because Simplii is great, even though I don't qualify (have been an account holder since PC Financial launched the account under Amicus, before it transitioned over to Simplii).

It's the only chequing account that still offers free ($0) cheques AFAIK (granted I can't remember the last time I actually wrote a cheque), and has the benefit of being pretty much CIBC without branch/teller access.

Also. Not available to Quebec resident

Any idea if Simplii does a hard check with Equifax or Transunion?

darkhorz1 wrote: ↑ Any idea if Simplii does a hard check with Equifax or Transunion?

They do. Well they ask if they can to make it quicker and easier to open an account and if you say no they do it anyways lol.

CalgaryBen wrote: ↑ Thanks for posting OP. Upvoted because Simplii is great, even though I don't qualify (have been an account holder since PC Financial launched the account under Amicus, before it transitioned over to Simplii).

It's the only chequing account that still offers free ($0) cheques AFAIK (granted I can't remember the last time I actually wrote a cheque), and has the benefit of being pretty much CIBC without branch/teller access.

I didn't see an exclusion for people that previously held an account with PC Financial. Did you see this somewhere?

Current critiria to be an "eligible client" as per the web site:

This Offer is open only to Canadian residents who: (i) have reached the age of majority in their province of residence, and (ii) have no prior banking relationship with Simplii Financial prior to the beginning of the Offer Period. 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)”.

Automated deposits? Can I just scheduled to move $101 each month?

LIMITS APPLY. OFFERS END MARCH 31, 2021.

I will jump the ship from Tangerine after their 2.5% promo ends in Feb

Kagaho wrote: ↑ Automated deposits? Can I just scheduled to move $101 each month?

Direct deposits have a code embedded within the info sent to the banks to say what it is (payroll is code 200, etc.). Simplii and other banks that look for payroll and related deposits look for those codes. You can't modify those codes just by moving money between different bank accounts.

edit: typo

For those who have signed up recently, how long is it taking for the back-office to email you the signature card after applying?

Arrow wrote: ↑ For those who have signed up recently, how long is it taking for the back-office to email you the signature card after applying?

Applied Dec 7

The card was in my Dec 10 mail.

Arrow wrote: ↑ I didn't see an exclusion for people that previously held an account with PC Financial. Did you see this somewhere?

Current critiria to be an "eligible client" as per the web site:

This Offer is open only to Canadian residents who: (i) have reached the age of majority in their province of residence, and (ii) have no prior banking relationship with Simplii Financial prior to the beginning of the Offer Period. 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)”.

where to find the T&C in details ? because I closed the Simplii account in 2019 , I am not sure if it is qualified .

CalgaryBen wrote: ↑ Thanks for posting OP. Upvoted because Simplii is great, even though I don't qualify (have been an account holder since PC Financial launched the account under Amicus, before it transitioned over to Simplii).

It's the only chequing account that still offers free ($0) cheques AFAIK (granted I can't remember the last time I actually wrote a cheque), and has the benefit of being pretty much CIBC without branch/teller access.

Agree. Simplii (or PC Financial) is fantastic. I was with Scotia ever since I was a student at Carleton. Scotia kept charging for service fee (more than the actual interest earned) monthly. I was able to reverse it after paying a visit to the bank. To leave over $5000 in a low interest chequing account is not what I wanted.
Switched to PCF and later moved all accounts there. Over the years they had offered bonuses during the anniversary, birthdays etc. Quite a surprise. And they charge 0 service fee even my account has less than $300 in chequing. These day I don't go to bank often. Don't really remember when was the last time I went there. May be 7 years ago trying to get a draft for purchasing my vehicle.
Banks are using my money to invest and make more money. Yet they try to make more money when I put money there by charging service fee. The same thing applies to annual fee for a credit card. I don't care how much additional services the CC offers.
Upvoted.

Do they hit EQ or TU or both?

asterisk* wrote: ↑ Applied Dec 7

The card was in my Dec 10 mail.

In your email or snail mail?

Doing this now. Simplii for checking, EQ for non promo savings, and currently in Tangerine for promotional on savings.

Arrow wrote: ↑ In your email or snail mail?

The actual card was via snail mail.

Anyway to open this up in person even if you live in quebec?

asterisk* wrote: ↑ The actual card was via snail mail.

Thanks! They kept telling me I should receive a signature card via email in 24 hours, which obviously never happened. I'll wait a few more days for the snail mail to come.
I didn't receive anything via email from them since opening the account, despite what the rep told me.