TORONTO, December 13, 2021 /CNW/ – While the United StatesCanada and the reopening of international borders, Simplii Financial™ today announced its first U.S. dollar account and expanded global money transfer service capabilities aimed at making banking simpler and more efficient for Simplii customers with banking needs in the United States and around the world.
The new USD savings account is Simplii’s first foreign currency bank account. Like all Simplii bank accounts, there are no monthly fees or minimum monthly balance required. In addition to offering interest to clients, the Simplii USD savings account allows clients to transfer funds between their Simplii Financial CAD and USD savings account at one of the best exchange rates.1 in Canada.
“Many Canadians have strong ties to the United States, so for the first foreign currency account at Simplii Financial, a US dollar savings account made the most sense for our clients,” says Vineet Malhotra, Head, Simplii Financial. “We’ve incorporated the key features our customers have come to expect from Simplii, including no monthly fees and no monthly minimum balance required.”
Like all Simplii bank accounts, the new USD savings account allows customers to send money to over 130 countries around the world with no transfer fees, using Simplii Financial Global Money Transfer.
Today’s announcement follows Simplii Financial’s recent expansion of Global Money Transfer capabilities using Visa Direct. With Visa Direct, Simplii customers can send funds in over 80 countries in minutes to an activated Visa debit card in real time and to an eligible Visa credit card in up to 48 hours, with no transfer fees. All customers need to complete a transfer is the recipient’s Visa debit or credit card number, recipient’s name, and address.
“We tailor our offerings to meet customer needs, and a growing number of our customers want better access to international money transfers and capabilities,” says Malhotra. “Simplifying the banking experience for our customers is always at the heart of our goal. As the world continues to reopen, we anticipate that more Simplii customers will seek out these advanced products and services, and we are focused on delivery.”
About Simplii Financial™
Simplii Financial is committed to providing simple and straightforward banking services. With a fully mobile experience, nearly 1.8 million customers enjoy daily banking services with no fees, no minimum balances and high-interest savings rates. In the Ipsos Financial Service Excellence 2021 study, Simplii was one of the winners of the Recommend to Family and Friends award among all financial institutions in Canada. Simplii offers a simple and easy way to bank with 24/7 access to online, mobile and telephone banking services as well as access to one of the largest national ATM networks. ATMs through CIBC. For more information on Simplii Financial, please visit www.simplii.com or by following on Twitter @SimpliiFininstagram @SimpliiFin Or on Facebook.
SOURCE Simplii Financial
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