Simplii Financial’s mobile cheque deposit limit is $10,000 per business day and $15,000 per 30-day rolling period. The first $100 of every deposit is available immediately. Mobile deposits are free. Remaining funds are released within 1–7 business days depending on the cheque type.
Quick answer: Simplii mobile deposit daily: $10,000. 30-day: $15,000. First $100: immediate. Remainder: 1–7 business days. Fee: $0.
Simplii Mobile Deposit Limits 2026
| Limit | Amount |
|---|---|
| Daily deposit limit | $10,000 |
| 30-day rolling limit | $15,000 |
| Immediate availability (per deposit) | $100 |
| Remaining hold — government/certified | Next business day |
| Remaining hold — personal cheque | 1–7 business days |
| Fee per deposit | $0 |
Why Limits and Hold Times Exist
Mobile cheque deposit limits and hold periods exist for two reasons: fraud prevention and settlement risk. When you photograph a cheque and submit it, Simplii doesn’t receive the actual funds immediately — it takes 1–3 business days for the cheque to clear through the Canadian payment system.
The first $100 available immediately is a requirement under the Financial Consumer Agency of Canada (FCAC) rules that apply to all Canadian banks. The remaining hold protects Simplii (and you) in case a cheque is returned for insufficient funds or suspected fraud.
Longer holds on larger personal cheques reflect higher risk. A $500 payroll cheque from a known employer clears faster than a $5,000 personal cheque from a new contact.
How to Deposit a Cheque via the Simplii App
- Open the Simplii Financial app and log in
- Tap Deposit a Cheque
- Select your chequing or savings account
- Enter the exact amount written on the cheque
- Sign the back of the cheque — write your signature plus “For Simplii mobile deposit only”
- Photograph the front (flat surface, good light, all 4 corners in frame, no shadows)
- Photograph the back (endorsement fully visible)
- Review and tap Submit
- Note your confirmation number, then write “Deposited [date]” on the cheque
Keep the physical cheque in a safe place for 90 days after depositing. Then shred it. Never deposit it again — double-depositing the same cheque is cheque fraud.
Cheque Hold Times at Simplii
| Cheque Type | Immediate | Full Availability |
|---|---|---|
| Federal government (CRA, EI, CPP) | $100 | Next business day |
| Certified cheque | $100 | Next business day |
| Payroll (known employer) | $100 | 1–2 business days |
| Personal cheque ≤ $1,500 | $100 | 4 business days |
| Personal cheque > $1,500 | $100 | 7 business days |
| New account (< 90 days old) | $100 | Extended hold may apply |
Eligible vs. Ineligible Cheques
| Cheque Type | Eligible for Mobile Deposit |
|---|---|
| Canadian personal cheques (CAD) | Yes |
| Payroll cheques | Yes |
| Government of Canada cheques | Yes |
| CRA refund cheques | Yes |
| Provincial government cheques | Yes |
| Certified cheques | Yes |
| US dollar cheques | No |
| Foreign-currency cheques | No |
| Money orders | No |
| Bank drafts | No |
| Post-dated cheques | No |
| Damaged or altered cheques | No |
What to Do If You Hit the Limit or Need Faster Access
Simplii is branchless — there are no Simplii locations to visit for over-limit deposits. Your options:
If you’ve hit the daily or 30-day limit:
- Call Simplii at 1-888-723-8881 to request a limit increase (may require account history review)
- Wait until the next business day for the daily limit to reset
- For very large cheques over the 30-day limit, ask the issuer for an EFT or wire instead
If you need funds faster than the hold period:
- Request a certified cheque from the issuer — certified cheques clear the next business day
- Ask the payer to send an Interac e-Transfer instead — arrives in minutes with no hold
Note on CIBC branches: Since Simplii uses CIBC’s banking infrastructure, in some cases Simplii customers can visit a CIBC branch for assistance. Call Simplii first to confirm what CIBC can do for your specific situation.
Tips for Smooth Mobile Deposits
- Endorse before photographing — the app may reject the deposit if the back isn’t signed
- Use natural light — flash can cause glare that blurs cheque details
- Lay the cheque flat — curling edges can cut off corners in the photo
- Double-check the amount — entering $1,500 when the cheque says $150 will cause a rejection
- Deposit early in the business day — cheques submitted before noon often process faster
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The content on Wealthvieu is for informational purposes only and should not be considered financial, tax, or investment advice. Consult a qualified professional before making financial decisions. Full disclaimer · Editorial policy