Simplii Financial

Simplii Financial is a Canadian direct bank and the digital banking division of the Canadian Imperial Bank of Commerce (CIBC). As a completely online banking service with no physical branch locations, Simplii serves almost 2 million clients across Canada. The bank specializes in no-fee banking products, offering chequing and savings accounts, credit cards, mortgages, investment products, and lending services entirely through digital channels.

As a division of CIBC, Simplii Financial is insured under the Canada Deposit Insurance Corporation (CDIC) and shares Institution Number 010 with its parent company.