SIMPLII* Charge (What It Is + Is It Legit?)
✓ LegitimateThe "SIMPLII*" charge is from Simplii Financial. Simplii Financial Canada banking fee.
Simplii Financial
Simplii Financial Canada banking fee.
Category
Banking
Avg. Charge
Variable
Country
CA
Billing Cycle
One-time
Cancel At
simplii.com/en/contact-us.html
Support
1-888-723-8881
Why does this charge appear?
Simplii Financial uses the truncated descriptor "SIMPLII*" on bank statements because Canadian banking and payment processing systems often impose strict character limits on transaction identifiers, forcing institutions to shorten their brand names to fit within those technical constraints. The asterisk following "SIMPLII" is a common formatting convention used by billing systems to signal that additional transaction detail or a reference number may follow, helping distinguish individual charges from the same institution. If you see SIMPLII* on your statement, it is almost certainly a legitimate fee or transaction tied to your Simplii Financial account, such as a service charge or banking fee processed through their Canadian payment infrastructure.
What should you do?
Identify the Simplii Financial charge
Log into your Simplii Financial account at simplii.com and cross-reference the SIMPLII* charge on your bank statement with your account activity. Look for any monthly banking fees, service charges, or account maintenance fees that match the amount and date of the transaction.
Review your Simplii Financial account plan
Check the details of your current Simplii Financial account type to confirm whether the SIMPLII* charge aligns with your plan's fee structure. Simplii Financial offers various accounts with different fee schedules, so understanding your plan will help you determine if the charge is expected.
Contact Simplii Financial for clarification
If you do not recognize or understand the SIMPLII* charge after reviewing your account, reach out to Simplii Financial directly through their contact page at simplii.com/en/contact-us.html. A Simplii Financial representative can provide a full explanation of what the specific charge covers and confirm it is legitimate.
Explore ways to reduce or eliminate Simplii Financial fees
If the SIMPLII* charge is a recurring banking fee you would like to avoid, visit simplii.com to review whether switching to a different Simplii Financial account type or meeting minimum balance requirements could reduce or waive future charges on your account.
Is this charge fraudulent?
No, this is a legitimate charge from Simplii Financial. However, if you did not authorize this charge or cancelled your subscription, you may be eligible for a refund.
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