Simplii US$ account at 1.65% until Sept 30 | Simplii Financial | Discussion forum

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Simplii US$ account at 1.65% until Sept 30
June 1, 2022
1:37 pm
rhvic
Victoria, BC
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When I logged into Simplii today I had an offer to open a new US$ savings account and earn 1.65% until September 30.

This would be (temporarily) better than the 1.25% at EQ.

June 1, 2022
8:28 pm
hwyc
GTA
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June 2, 2022
4:12 am
savemoresaveoften
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Except u can’t link it, so pretty useless.

June 2, 2022
8:07 am
mustang
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Really?
Well, that eliminates the need for me to consider it more closely

June 2, 2022
8:58 am
Norman1
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No ATM access. Cheque deposits need to be mailed in:

Can I access my USD account at an ATM?
Unfortunately, there is no ATM access at this point in time.

Can I order or deposit cheques into the USD account?
You can deposit USD and non-USD cheques into your account by mailing them in. Write your full name and your USD account number on the back of the cheque. Mail it to:

Simplii Financial
P.O. Box …

June 2, 2022
10:27 am
mustang
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Back to the future?

June 2, 2022
11:38 am
HermanH
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savemoresaveoften said
Except u can’t link it, so pretty useless.  

I was able to use Tang to link my CAD account to Simplii. I do not have a USD acct with Simplii, but don't see why it should be any different for USD.

June 2, 2022
11:59 am
savemoresaveoften
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HermanH said
I was able to use Tang to link my CAD account to Simplii. I do not have a USD acct with Simply, but don't see why it should be any different for USD.  

I live chat them and was told no can’t do. Guy said wire transfer ok… I said no thx

June 2, 2022
12:15 pm
mustang
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Seems like lots of restrictions are the norm, for USD accounts
I cannot use ATM for my TD USD, nor can I use the deposit app
(I was able, however, to link to TANG USD account)

June 2, 2022
12:21 pm
JohnnyCash
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HermanH said

I was able to use Tang to link my CAD account to Simplii. I do not have a USD acct with Simplii, but don't see why it should be any different for USD.  

In theory, you should be able to link from the Tangerine side if you have a USD account with them to push and pull funds.

June 2, 2022
12:58 pm
Bruford
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I linked from EQ $USD account, Unfortunately linking requires you to sign in from EQ side with Simplii card # and PW.

June 3, 2022
11:59 am
Norman1
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JohnnyCash said

In theory, you should be able to link from the Tangerine side if you have a USD account with them to push and pull funds.

Not if Simplii doesn't make the Simplii US$ Savings account available to receive US$ pre-authorized debits and direct deposits through the Payments Canada USBE system.

June 3, 2022
12:00 pm
Norman1
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Bruford said
I linked from EQ $USD account, Unfortunately linking requires you to sign in from EQ side with Simplii card # and PW.

Were you able to complete an actual US$ transfer between the EQ Bank US$ account and the Simplii US$ Savings account?

June 3, 2022
12:45 pm
Bruford
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Started transfer yesterday, not yet complete.

June 3, 2022
2:40 pm
lhsaid
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Bruford said
I linked from EQ $USD account, Unfortunately linking requires you to sign in from EQ side with Simplii card # and PW.  

Did you select CIBC and then used SIMPLII BC# ? it doesn't work for me !

June 3, 2022
3:28 pm
Bruford
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No I selected Simplii, then card # and PW.

June 4, 2022
2:31 pm
lhsaid
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Bruford said
No I selected Simplii, then card # and PW.  

Sorry, I had to scroll down to see SIMPLII, All good, I was able to link, Thanks.

June 7, 2022
5:19 am
Corange
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I opened the account and tried to link it from Tangerine's side. Got an email this morning that the small test deposits had been rejected. Don't have a USD account with EQ yet, so will wait to hear if Bruford had any success

June 7, 2022
12:29 pm
HermanH
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Double-check your linking process to make sure you correctly selected the "USD" radio button. Once, I forgot to select it, when I tried to link to a USD account and was also rejected. Re-doing it correctly got a proper linkage established.

June 7, 2022
2:28 pm
Bruford
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Transfer to IBK REJECT-INVALID INST NO.

After linking my EQ with Simplii and 5 days of waiting for transfer from EQ $US to Simplii $US, the money came back to my EQ account. Wasted effort and minor loss of interest.

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