How to Apply for the Simplii Financial Student Account

Opening a Simply Financial Student Account is fast, fully digital, and designed to be completed in just a few minutes. The process can be done entirely online through the official Simplii Financial website or mobile app, without visiting a branch. Below is a clear step-by-step guide to help students apply quickly and confidently.

How to Apply

1. Visit the Simplii Financial website or open the app and click on “Open an Account.”
2. Select the type of account you wish to open typically the no-fee checking account, the high-interest savings account, or the Visa Cashback Credit Card.
3. Confirm that you are a Canadian resident and that the account will be used for personal, not business, purposes.
4. Enter your personal information, including your full name, date of birth, and Social Insurance Number (SIN).
5. Provide your current address and contact details such as phone number and email.
6. Add your employment and income information Simplii Financial requests basic details like your job type and total annual income.
7. Upload your identification through Interac Document Verification Services by submitting a valid government-issued photo ID (driver’s license, passport, etc.) and a live selfie.
8. Agree to the terms and conditions, which include a credit check if you’re applying for the Visa Cashback Card.
9. Digitally sign your application and submit it for review.
10. Wait for confirmation most applicants receive approval within minutes and can begin using their account right away.

Once the account is open, users can transfer funds, make payments, or start earning interest instantly.

Who It’s Recommended For

The Simplii Financial Student Account is an excellent fit for students and young professionals who want a simple, digital-first banking solution. It’s ideal for those who:

• Prefer a no-fee account that won’t charge maintenance costs or hidden fees;
• Want to manage everything online, without visiting branches;
• Are looking to build good financial habits, starting with a checking and savings account;
• Enjoy cashback rewards and want to earn money on everyday purchases;
• Value high-interest savings options to grow their funds efficiently;
• Want an easy-to-use, secure mobile app with real-time balance and transaction tracking.

Because the account is completely digital, it’s especially appealing to university students, international students studying in Canada, or anyone who prefers managing finances on their smartphone.

How to Cancel

Closing a Simplii Financial account is simple and can be done online or through customer support:

1. Log into your Simplii Financial account via the app or website.
2. Go to the “Account Settings” or “Profile” section.
3. Select “Close Account” and follow the on-screen steps.
4. If you have any remaining balance, transfer it to another bank account before confirming.
5. Alternatively, you can contact Simply Financial support directly by phone or email to request closure.

For users who also hold the Visa Cashback Credit Card, the card can be canceled separately through the same platform or by contacting customer support. Once canceled, you’ll receive confirmation that your account has been closed and any remaining funds have been transferred.

Final Recommendation

The Simplii Financial Student Account combines the best aspects of digital banking: simplicity, transparency, and real value. With its no-fee structure, high-interest savings, and cashback credit card, it’s a strong choice for students who want a modern, low-cost way to manage their finances.

The online application process is clear and beginner-friendly, and identity verification is handled quickly through Interac’s secure system. The lack of monthly fees or balance requirements makes it easy to open and maintain, while the Visa Cashback Card provides an extra advantage for everyday purchases.

Overall, Simplii Financial offers students an opportunity to bank smarter saving money, earning rewards, and maintaining full control of their accounts directly from their phone or laptop. It’s a convenient, secure, and flexible option for today’s digital generation.

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