Name: Simplii Financial

Products: Personal banking

Headquartered In: Toronto, Ontario

Where to Buy: Online

Website: simplii.com

Canadian Owned: Publicly traded on TSX (subsidiary of Canadian Imperial Bank of Commerce)

Simplii Financial is the digital-only division of the Canadian Imperial Bank of Commerce (CIBC) launched in 2017. It has no physical branches, instead operating as a fully digital bank. While Simplii doesn’t offer the wide range of financial services traditional banks do, it still offers a good selection of products including chequing and savings accounts.

Simplii has its headquarters in Toronto, Ontario and provides nationwide banking services through its online platforms. Customers of Simplii benefit from competitive interest rates and no-fee banking. As part of the CIBC group, Simplii benefits from the reliability and security of one the largest banks in Canada, while maintaining its digital-only approach.