New client offer - earn 6.25% for 153 days | Page 3 | Simplii Financial | Discussion forum

Norman1 said
Make sure it is a real cheque that is voided and not one of those simulated void cheques that one downloaded.

Simplii will not accept a simulated void cheque or an account info form unless it has been stamped with a teller stamp from the bank.

One also needs to print "add account" and one's customer number in the memo line of the cheque.

Last time I linked an account, the voided cheque was mailed Monday and the link was available by Friday.  

Thanks Norman1. This is such a good forum. People learn a lot and the info makes the various processes less complicated much of the time.

I hadn't mailed in the cheque yet, so I carefully re-opened the envelope...that was easy, it didn't even tear. I thought I might have forgotten the customer number. Also re-read their e-mail. "Status of applications and requests" Follow these three easy steps...
Write VOID across the front of a pre-printed personal cheque from the account you requested followed by your customer number listed in your account summary. OR Get a customized account confirmation form from your financial institution. This document MUST be the original, have a bank stamp, and include the following information. (Name, Bank number, Account number & Transit number.

All the requested information was there. I put the paperwork back in the envelope and taped it shut. I'll mail it later today.

When their Debit card is received, do you know if you phone in to activate and then give a PIN?

Anyone have any idea if there are limits on how large a cheque can be if one is to deposit by photo to Simplii.
thx

Hubble said
Anyone have any idea if there are limits on how large a cheque can be if one is to deposit by photo to Simplii.
thx  

Simplii had posted in July 2020 that the limit was $999,999.99 back then:

Simplii Financial @SimpliiFin

Hi Ryan. The limit for Mobile Deposit is $999,999.99. If your deposit is over $999,999.99, you'll be notified before completing the transaction. If you need to complete a deposit for more than that amount, you can do so at any CIBC ATM. ^Gideon

1:27 PM · Jul 16, 2020

InterestThis said
You can add the Simplii HISA as an external account Tang and transfer direct.  

In most cases that's true; providing your Tangerine account has an Ontario address in the profile.

InterestThis said
You can add the Simplii HISA as an external account Tang and transfer direct.  

Just keep in mind that Tangerine limits you to three external links at a time.

smayer97 said

Just keep in mind that Tangerine limits you to three external links at a time.  

Right, but its easy to cycle them through as needed once you have the correct numbers worked out and saved. It takes maybe 2 days to activate a new link as long as there are no glitches.
And you can generally make a profit of .24 cents.

JohnnyCash said

It's definitely a case of YMMV. Over the years its been a bit of a mixed bag for me. Seems to be subject to the person reviewing your request on that particular day.

That's right. One will have problems with Simplii if one tries to link accounts using those simulated void cheques. It is very easy to tell those are not real cheques.

InterestThis said

Nope, its a bank to bank transfer, so no fee from either side.
But pulling money into Tang, will be subject to standard holds.
Always recommend trying it first with $5 or something.  

Thank you

Just an update on the process so far in setting up a HISA with Simplii in order to receive the 6.25%.

Aug 30: Filled out application.
Aug 30: e-mail from Simplii "Thanks for applying, we'll be in touch soon"
Aug 30: e-mail from Simplii "Your account ending in ---- has been auto enrolled in balance alert."
Sept 7: e-mail from Simplii "HISA has been approved"
Sept 7: Secure e-mail from Simplii "You will be banking soon. You are reading to start banking. Gave debit card number with expiry date.
Sept 7: I set up my HISA on line using debit card number.
Sept 7: Sent by snail mail request to link my CIBC chequing account following their "Three Easy Steps".
Sept 9: Received Debit Card in mail. "Pin to follow"
Sept 12: Received secret PIN
Sept 13: Activated new debit card and deposited a $5.00 CIBC cheque into SIMPLII HISA at CIBC ATM. Process went fine.

Now waiting for the linked account to show up on SIMPLII on-line banking.
Note: I have gone into the Simplii account twice now just to check things out and both times, despite giving the correct debit card number and password it would not go in. So, both times I re-set my password with the same password and then
my account finally showed. I called them the first time it wouldn't work and the CSR directed me to change the password using the same one. She then told me that I wouldn't be able to link CIBC without first opening a chequing account with them!!! Man, by this time getting pretty frustrated. I told her that is not the information I was given. Then the phone went dead. A few minutes later she called me back and said she was "sorry for the confusion" and that as long as I linked a CIBC chequing account, it would be accepted. I then asked her to admit she originally told me I couldn't do this and the "confusion" was hers. (calls are recorded) I'm usually not like that but this entire process is unbelievable and I am wondering why I bothered with it all.

Alexandra said
Just an update on the process so far in setting up a HISA with Simplii in order to receive the 6.25%.

Aug 30: Filled out application.
Aug 30: e-mail from Simplii "Thanks for applying, we'll be in touch soon"
Aug 30: e-mail from Simplii "Your account ending in ---- has been auto enrolled in balance alert."
Sept 7: e-mail from Simplii "HISA has been approved"
Sept 7: Secure e-mail from Simplii "You will be banking soon. You are reading to start banking. Gave debit card number with expiry date.
Sept 7: I set up my HISA on line using debit card number.
Sept 7: Sent by snail mail request to link my CIBC chequing account following their "Three Easy Steps".
Sept 9: Received Debit Card in mail. "Pin to follow"
Sept 12: Received secret PIN
Sept 13: Activated new debit card and deposited a $5.00 CIBC cheque into SIMPLII HISA at CIBC ATM. Process went fine.

Now waiting for the linked account to show up on SIMPLII on-line banking.
Note: I have gone into the Simplii account twice now just to check things out and both times, despite giving the correct debit card number and password it would not go in. So, both times I re-set my password with the same password and then
my account finally showed. I called them the first time it wouldn't work and the CSR directed me to change the password using the same one. She then told me that I wouldn't be able to link CIBC without first opening a chequing account with them!!! Man, by this time getting pretty frustrated. I told her that is not the information I was given. Then the phone went dead. A few minutes later she called me back and said she was "sorry for the confusion" and that as long as I linked a CIBC chequing account, it would be accepted. I then asked her to admit she originally told me I couldn't do this and the "confusion" was hers. (calls are recorded) I'm usually not like that but this entire process is unbelievable and I am wondering why I bothered with it all.   

I will strongly suggest opening a chequing account as well, even tho you dont plan to use it much if at all. However keep in mind the savings account does NOT allow bill payment, etransfer and other very basic banking functions. By having a chequing account, its much easier if you ever need to access the funds in the savings acct same day for the mentioned activities. I have the chequing account as well for exactly those reasons.