1
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 02 Apr 2024
1 points (100.0% liked)
Personal Finance Canada
1184 readers
1 users here now
Come and discuss anything related to personal finance, directly or indirectly, with other Canadians!
founded 1 year ago
MODERATORS
I can provide some info about TD, Simplii, Tangerine, EQ, and Wealthsimple (more of an investing service than a bank):
Online Banking Experience:
Credit Cards (Ease of Use):
Fees:
Etransfers:
Security:
Rewards:
Investing:
Misc:
What I do: I have my everyday banking with TD, savings with EQ, and investing with Wealthsimple. When Tangerine gives a promo, I move my savings there until the promo expires, then I move it back to EQ. I have credit cards with a bunch, but the one I'm considering ditching is the Tangerine one since payments cannot be automated through another institution.
Wealthsimple Cash covers most of what one might be looking for in a chequing account.
The Cash card also has 0.5% cash back on purchases IIRC and is essentially a prepaid credit card / debit card. I love WS Cash, the only reason I don’t use it more often is that I have an Amex.
4% before any direct deposit bonuses.
It’s pretty decent for a cash / emergency / short term savings account.
It lacks features though (recurring transfers in/out from other institutions is the main one for me).