Is it safe to connect my Simplii account to Lodavo?

Yes. You sign in on Plaid's secure screen, so Lodavo never sees or stores your Simplii card number or password. We can see your balance to award tickets, and that's as far as the access goes. You can unlink anytime from inside the app.

Does Lodavo see my Simplii transactions?

No. Your tickets come from what you keep saved, so where your money goes and what you spend it on never enter into it. Once a week, Lodavo checks one number, the balance in the Simplii account you linked, and gives you free draw tickets based on it.

Can I use Lodavo in Quebec, where Simplii isn't offered?

Yes. Simplii Financial products aren't sold in Quebec, but Lodavo is built in Montreal and its weekly draw is open to Quebec residents. You connect whatever bank or caisse you already bank with, so a Simplii account isn't needed to take part.

Will connecting Lodavo change my Simplii login or online banking?

No. Your card number, password, and the Simplii app all keep working exactly as before, and there's nothing new to set up on Simplii's side. All Lodavo does is reward the balance you keep saved with free draw tickets, and you can disconnect whenever you like.

Does Simplii work with Lodavo? How to connect it

If you bank with Simplii Financial, the short answer is yes: Simplii works with Lodavo. As CIBC’s online-only bank, Simplii sits right inside Plaid’s Canadian coverage, so linking your account takes a couple of minutes and the balance you keep there starts earning you free draw tickets.

How to connect your Simplii account to Lodavo

Connecting takes about two minutes inside the Lodavo app:

Download Lodavo and set up your free account.
Tap to connect a bank and choose Simplii Financial from the list.
Sign in on Plaid’s secure screen with your Simplii card number and password. Those go to Simplii, not to Lodavo.
Approve any verification Simplii asks for, like a one-time security code.
Pick the Simplii account you want tracked, and you’re set.

From there, the more you keep saved at Simplii, the more tickets you collect in that week’s draw.

Is it safe? What Lodavo can and can’t see

Yes. Simplii is a division of CIBC and runs on the same bank-grade rails, and the connection to Lodavo is deliberately narrow. Three things worth knowing:

Lodavo never sees or stores your Simplii sign-in. You authenticate on Plaid (opens in a new tab)’s secure screen, and what comes back is scoped access, not your card number or password.
The link is read-only. It covers only the account you pick, so you can follow your savings week to week and pick up free tickets, and nothing else comes across, not your transactions and not your other Simplii products.
Your money doesn’t budge. It sits at Simplii the whole time, earning the same rate it already earns, and Lodavo has no path to move, withdraw, or charge it.

You can disconnect Simplii from inside Lodavo whenever you want. For the full mechanics, here’s how Lodavo keeps your money safe and the draw provably fair.

Which Simplii account should you track?

Connect the Simplii account where your savings actually sit. Simplii keeps its lineup simple, so for most people it’s one of these:

Simplii account	Good to track if
No Fee Chequing Account	You keep your everyday money and a cushion in one no-fee account
High Interest Savings Account	You set money aside to earn Simplii’s savings rate
TFSA savings account	You save inside a deposit-based Tax-Free Savings Account

Link more than one and the balances add up. Two things Lodavo can’t read: a Simplii GIC, which locks your money for a fixed term so it won’t move week to week the way savings do, and a mutual-fund account, which is a portfolio value rather than a cash balance. Stick to a chequing or savings account. There’s no minimum, and if you bank somewhere else too, you can connect accounts at other Canadian banks.

Troubleshooting a Simplii connection

Most Simplii links go through on the first try, since it sits inside Plaid’s Canadian coverage as CIBC’s direct-banking brand. If yours doesn’t:

Use your Simplii sign-in, not a CIBC one. Simplii is part of CIBC but has its own separate login, so enter the Simplii card number and password you’d use on Simplii’s own site.
Finish the security step. If Simplii sends a one-time code to confirm it’s you, enter it on the secure screen to complete the link.
Reconnect if a balance stops updating. Any bank connection asks you to sign in again from time to time before it keeps sharing a balance. Reconnecting inside Lodavo takes under a minute, and your Simplii login doesn’t change.

Why prize-linked savings fits Simplii customers

If you’re with Simplii, you already made a deliberate call: a no-fee online bank instead of branch banking with monthly charges. Statistics Canada put the household saving rate at 3.5% in the first quarter of 2026, the lowest it had been since early 2024, in its national accounts release (opens in a new tab). Picking a low-fee account is the easy part. Actually topping up your savings, week after week, is the part most people find hard.

That’s the gap prize-linked savings is built to close. The balance you keep at Simplii earns free tickets, so every week you’re in a draw for up to $10,000, with a guaranteed prize of at least $100 going to a user. Nothing leaves your account. If you’re weighing the two side by side, our honest Lodavo vs Simplii comparison doesn’t crown a single winner.

One note if you’re in Quebec: Simplii isn’t sold there, per Simplii’s own FAQ (opens in a new tab), but Lodavo is. Built in Montreal, its weekly draw is open to Quebec residents, so you can connect the bank or caisse you already use and take part all the same.

Terms and conditions apply. No purchase necessary (alternate method of entry available). Skill-testing question required. Open to legal residents of Canada who are the age of majority. Odds depend on the number of eligible entries received. Full rules and odds at our contest rules.