Personal Finance Canada

1176 readers

1 users here now

Come and discuss anything related to personal finance, directly or indirectly, with other Canadians!

founded 1 year ago

MODERATORS

[email protected]

What financial services do you use? (lemmy.ca)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

7 comments fedilink hide all child comments

I'm curious what products and services everyone uses. I like trying out new services, but it seems like the big banks are pretty effective at squashing competition.

I'll go first: Chequing - BMO Savings - Wealthsimple Investing - Questrade with Passiv Credit cards - BMO, Costco, Amazon

I have tried Brim (credit card) and Koho (kind of a chequing account), but eventually dropped them because they couldn't effectively replace BMO.

I'm interested to know everyone's experiences with their banks and other financial service providers.

Edit: This thread has been amazing! Thanks for all the replies!

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 1 year ago

@MacroCyclo In terms of your main savings account, you can consider those on https://highinterestsavings.ca/chart (Tangerine could work as a backup; they also give occasional offers); if you don't require branch services (such as writing a bank draft / guaranteed cheque), then those online banks are enough. KOHO is not really a bank account; it's better to just treat it as a prepaid card with cashback. WS is okay for casual investing. For credit cards, just go with the rewards (assuming you pay on time).