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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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.
How to Create a USD Account With Simplii USD

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 login 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 number, 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.

Some other key features are:
  • ⬤ Earns interest on any amount in your account.
  • ⬤ Easily order a bank draft or money order with online banking.
  • ⬤ Send a wire transfer to another financial institution.

    • Monthly Fees & Interest Rate & Minimum Balance


    Monthly fees:

    Simplii USD does not charge monthly fees

    Interest rate:

    Simplii USD account holders enjoy an interest rate of 0.10%.

    Minimum Balance:

    No minimum balance is required.

    Offers


    You benefit from the following when you open a Simplii USD savings account:
  • ⬤ Great rates when transferring between your Simplii CAD and Simplii USD accounts.
  • ⬤ You can make Global Money Transfer(GMT) to over 130 countries.
  • ⬤ You can deposit USD and non-USD cheques into the account.
  • ⬤ Easily transfer funds between multiple Simplii USD accounts.
  • ⬤ Send US Dollars to the U.S for free.
  • ⬤ Makes it possible to receive an incoming wire.

    • Currency Exchange Using USD Account

    01
    Create your free account

    If you don’t have a RemitBee account, you’ll need to create one (https://www.remitbee.com/signup)

    Step 1 image
    02
    Go to the menu

    After signing up, go to the menu and select exchange currency. Enter the details of your currency exchange. You can move to the next step if no further verification is required.

    Step 2 image
    03
    Connect your accounts

    You can now link your CAD and Simplii USD accounts.

    Step 3 image
    04
    Confirm your details

    Choose the amount and confirm your exchange rate. The transaction occurs between the two accounts via EFT.

    Step 4 image
    05
    You’re almost done!

    Convert your money.

    Step 5 image

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