Simplii Financial Launches U.S. Dollar Savings Account, Improves Global Money Transfer Capabilities with Visa Direct
TORONTO, December 13, 2021 / CNW / – Like the United States-Canada and international borders reopen, Simplii Financial â¢ today announced its first US dollar account and expanded global money transfer service capabilities aimed at making banking easier 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 and no minimum monthly balance required. In addition to offering interest to clients, 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.
âMany Canadians have strong ties to the United States. Therefore, for the first foreign currency account at Simplii Financial, a US dollar savings account made the most sense for our clients, âsays Malhotra vineyard, Head, Simplii Financial. âWe’ve incorporated the core features our customers expect from Simplii, including no monthly fees and no minimum monthly balance required. “
Like all Simplii bank accounts, the new USD savings account allows customers to send money to over 130 countries around the world without transfer fees, using Simplii Financial Global Money Transfer.
Today’s announcement follows the recent expansion of the capabilities of Simplii Financial Global Money Transfer using Visa Direct. With Visa Direct, Simplii customers can send funds in over 80 countries in minutes to a real-time activated Visa debit card and to an eligible Visa credit card in up to 48 hours, with no transfer fees. All customers need to make a transfer is the recipient’s Visa debit or credit card number, recipient’s name and address.
âWe are tailoring our offerings to meet customer needs, and a growing number of our customers want improved access to international money transfers and capacity,â said Mr. Malhotra. âSimplifying 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 focusing on delivery. “
About Simplii Financialâ¢
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 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 phone banking services, as well as access to one of the world’s largest networks. National ATMs through CIBC. For more information on Simplii Financial, please visit www.simplii.com or by following on Twitter @SimpliiEnd, Instagram @SimpliiFin or on Facebook.
SOURCE Simplii Financial
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