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Simplii Financial is a Canadian direct bank and the digital banking division of the Canadian Imperial Bank of Commerce (CIBC). It offers no-fee chequing and savings accounts , a VISA credit card , Guaranteed Investment Certificates (GICs), mortgages and mutual funds.
This page was last edited on 10 October 2019, at 20:35 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
All PC Financial mortgages, loans, investments, and bank accounts were transferred to CIBC's new direct banking brand Simplii Financial effective November 1, 2017. [7] PC Financial's credit card and insurance products were unaffected by the decision, and continued to be offered by subsidiaries of Loblaw Companies. [ 8 ]
In 2001, Bank of America became the first bank to top 3 million online banking customers, more than 20% of its customer base. [11] In comparison, larger national institutions, such as Citigroup claimed 2.2 million online relationships globally, while J.P. Morgan Chase estimated it had more than 750,000 online banking customers.
A routing number is the term for bank codes in Canada.Routing numbers consist of eight numerical digits with a dash between the fifth and sixth digit for paper financial documents encoded with magnetic ink character recognition and nine numerical digits without dashes for electronic funds transfers.
The bank originated as the Civil Service Loan Corporation, [7] founded 29 October 1992 [8] [9] and operating as CS Loan Corporation. [10] It became CS Alterna Bank after receiving letters patent of continuation on 2 October 2000 as a federally regulated institution under the Bank Act. [11] [12] It continues to use the same institution number ...
What the switch to Simplii means for President’s Choice Financial customers - National Post; Here’s What Investors Need to Know About Canadian Imperial Bank of Commerce’s New Brand, Simplii Financial - The Motley Fool; CIBC takes over PC Financial bank accounts, launches Simplii banking brand - Toronto Sun
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