Our verdict
Simplii Financial has some of the lowest fees in Canada. The Simplii No Fee Chequing Account comes with no monthly account fee, no transaction fees, no e-Transfer fees, no minimum deposit requirements and a chance to earn interest on your account balance. What's more, you'll also earn a welcome bonus.
Best for: Those looking to earn interest on their money and bank with no eveveryday banking fees.
- Earn a welcome bonus of up to $400
- Enjoy unlimited free transactions and e-Transfers
- No monthly account fee
- Earn 0.05% to 0.1% interest on your balance
- No minimum deposit requirements
- Earn a referral bonus
- Simplii is an online only provider
- You can only earn the welcome bonus if you're a new Simplii customer
- Residents of Quebec cannot open a Simplii account