https://wealthnorth.ca/banking/bank-reviews/simplii/Recent content in Simplii Financial Review 2026 | No-Fee Banking Canada on WealthNorthHugo -- gohugo.ioen-caSun, 03 May 2026 22:31:06 -0400https://wealthnorth.ca/banking/bank-reviews/simplii/atm-withdrawal-limit/Mon, 06 Apr 2026 08:00:00 -0400https://wealthnorth.ca/banking/bank-reviews/simplii/atm-withdrawal-limit/Simplii Financial clients have free access to CIBC’s 3,400+ Canadian ATM network — and unlike most online banks, they can also deposit cash at CIBC ATMs. This makes Simplii the most capable online bank in Canada for clients who regularly handle cash. The standard daily ATM withdrawal limit is $1,000. At non-CIBC ATMs, Simplii charges $1.50 per transaction plus any operator fee. Simplii ATM Limits at a Glance Feature Details ATM network CIBC (3,400+ in Canada) Daily withdrawal limit $1,000 CIBC ATM fee $0 Non-CIBC ATM fee $1.https://wealthnorth.ca/banking/bank-reviews/simplii/customer-service/Mon, 06 Apr 2026 08:00:00 -0400https://wealthnorth.ca/banking/bank-reviews/simplii/customer-service/Simplii Financial customer service is available by phone and live chat during extended business hours. The main phone number is 1-888-723-8881, available Monday to Friday 8:00 AM to midnight ET and Saturday to Sunday 8:00 AM to 8:00 PM ET. Simplii does not offer 24/7 phone support. For urgent after-hours situations, lock your card in the app and call when service opens. Simplii Financial Contact Information Channel Contact Hours Phone (main) 1-888-723-8881 Mon–Fri 8:00 AM–midnight ET; Sat–Sun 8:00 AM–8:00 PM ET TTY / TDD 1-877-909-0889 Same as phone hours Live chat simplii.https://wealthnorth.ca/banking/bank-reviews/simplii/e-transfer-limit/Mon, 06 Apr 2026 08:00:00 -0400https://wealthnorth.ca/banking/bank-reviews/simplii/e-transfer-limit/Simplii Financial includes unlimited free Interac e-Transfers on all accounts. The standard per-transaction limit is $3,000, with a daily cap of $10,000 and a 30-day rolling limit of $30,000. For amounts above $3,000, Simplii’s EFT (External Transfer) feature handles larger transfers between linked accounts. Simplii e-Transfer Limits Limit Type Amount Per transaction (outgoing) $3,000 Daily limit (outgoing) $10,000 30-day rolling limit $30,000 Per transaction (incoming) Set by sender’s bank Fee $0 (unlimited) EFT per-transfer limit ~$25,000 e-Transfer vs EFT: When to Use Each Method Best For Limit Speed Interac e-Transfer Person-to-person; any Canadian bank $3,000/transaction Minutes to hours External Transfer (EFT) Large amounts; your own linked accounts ~$25,000 2–5 business days Use e-Transfer for sending money to another person or business quickly.https://wealthnorth.ca/banking/bank-reviews/simplii/fees/Mon, 06 Apr 2026 08:00:00 -0400https://wealthnorth.ca/banking/bank-reviews/simplii/fees/Simplii Financial charges $0 monthly fees and $0 for Interac e-Transfers — the two most significant costs at Big Five bank accounts. The NSF fee ($45) and non-CIBC ATM charge ($1.50) are the main fees to watch. For clients who stay within the CIBC ATM network and maintain a modest cash buffer, the effective annual cost of banking with Simplii is $0. Simplii Financial Fee Schedule Fee Type Amount Notes Monthly account fee $0 All account types Minimum balance fee $0 No minimum required Interac e-Transfer (send) $0 Unlimited Interac e-Transfer (receive) $0 Unlimited Bill payment $0 Unlimited CIBC ATM withdrawal $0 3,400+ Canadian ATMs CIBC ATM cash deposit $0 Included in CIBC network access Non-CIBC ATM withdrawal $1.https://wealthnorth.ca/banking/bank-reviews/simplii/mobile-deposit-limit/Mon, 06 Apr 2026 08:00:00 -0400https://wealthnorth.ca/banking/bank-reviews/simplii/mobile-deposit-limit/Simplii Financial supports mobile cheque deposit through its app, and also allows cheque deposits at CIBC ATMs — giving Simplii clients two deposit channels, compared to the single mobile option available at EQ Bank and Tangerine. Standard mobile deposit limits are $5,000 per cheque and $10,000 per day. Simplii Cheque Deposit Options Method Available Notes Mobile deposit (app) ✓ $5,000/cheque, $10,000/day CIBC ATM envelope deposit ✓ Limits may vary; 1–2 business day processing CIBC branch teller ✓ Full branch service available Scotiabank ATM ✗ Not applicable USD cheques ✗ CIBC branch only for USD Mobile Cheque Deposit Limits Limit Type Amount Notes Per cheque $5,000 Single cheque maximum Daily limit $10,000 Resets at midnight ET USD cheques Not supported CIBC branch required Fund availability $100 next day; remainder 4–7 days Standard personal accounts How to Deposit a Cheque via Simplii App Open the Simplii app and log in Tap Deposit Cheque from the main menu Select the account to deposit into Enter the cheque amount Endorse the back: sign your name and write “For Simplii mobile deposit only” below your signature Photograph the front — all four corners visible, no glare, in good lighting Photograph the back — showing your signature and endorsement Review and submit Retain the physical cheque for 90 days, then shred CIBC ATM Cheque Deposit For cheques above the mobile limit or as an alternative to the app:https://wealthnorth.ca/banking/bank-reviews/simplii/routing-number/Mon, 06 Apr 2026 08:00:00 -0400https://wealthnorth.ca/banking/bank-reviews/simplii/routing-number/Simplii Financial’s institution number is 010 — the same as CIBC, since Simplii is a CIBC division. The standard transit number for direct deposit and electronic payments is 04841. In the 9-digit EFT format, Simplii’s routing number is 004841010 (or 0-04841-010). The most important point: although Simplii and CIBC share institution number 010, their transit numbers are not interchangeable. Using a CIBC branch transit for a Simplii account will misdirect payments.