Simplii USD account overview
You can benefit from a great interest rate and no need to have a minimum balance. Keep reading to find out more!
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Why bank with Simplii?
Simplii USD Account
The Simplii USD account is excellent for someone who transacts using US Dollars. The account will allow you to transfer funds between your Simplii Financial CAD and USD savings accounts at the best exchange rate.
If you want an account that will pay great interest rates for your USD plus several other benefits, read on.
If you want an account that will pay great interest rates for your USD plus several other benefits, read on.
How to Create a USD Account with Simplii
To open a Simplii account, you must be an existing Simplii client with a No Fee Chequing Account or a High Interest Savings Account. If you are an existing client, simply log into online banking.
To open another Simplii account, go to simplii.com.
Step 1: Click on Join Simplii and choose the account you want to open.
Step 2: If you are a Canadian resident, confirm that you are opening the account for personal use and not for a third party.
Step 3: Select your intended use, then fill in your name, date of birth, and Social Insurance Number. If you don't want to provide your SIN, you must call 1-888-723-8881 and submit your request.
To open another Simplii account, go to simplii.com.
Step 1: Click on Join Simplii and choose the account you want to open.
Step 2: If you are a Canadian resident, confirm that you are opening the account for personal use and not for a third party.
Step 3: Select your intended use, then fill in your name, date of birth, and Social Insurance Number. If you don't want to provide your SIN, you must call 1-888-723-8881 and submit your request.
Key features
The Simplii USD account allows you to save, send, and make payments. Here are some of the key features:
Global Money Transfer to over 130 countries
Deposit USD and non-USD cheques
Free transfers between your Simplii USD accounts
Send US dollars to the U.S. for free
Account Highlights
Monthly fees
Simplii USD does not charge monthly fees.
Interest rate
Simplii USD account holders enjoy an interest rate of 0.10%. Note: USD savings rates can move, so it's worth confirming the current rate on Simplii's own rates page before publishing.
Minimum Balance
There is no minimum balance required.