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What financial services do you use? (lemmy.ca)
submitted 3 years ago* (last edited 3 years ago) by to c/personalfinancecanada@lemmy.ca
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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!

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[–] 4 points 3 years ago (1 child)

Tbh I have a CC with most banks just for the deals lol but the main ones I use:

Wealthsimple for general spending/saving

Tangerine CC for the stuff I get extra cash back on

Wealthsimple & Questrade for investing

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  • [–] [S] 1 point 3 years ago (3 children)

    I didn't know you could use wealthsimple as a chequing account. Any fees on withdrawing cash?

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  • [–] 2 points 3 years ago (1 child)

    @MacroCyclo @NENathaniel

    If you're the type that wants to withdraw cash, EQ Bank would be better option than WealthSimple Cash.

    EQ Bank offers to rebate all domestic ATM withdrawals, no matter the ATM. They don't rebate International ATM withdrawals though if those machines charge a fee...

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  • [–] 1 point 3 years ago (1 child)

    You can send money back and forth between accounts for free, but I don't think you can withdraw actual cash from Wealthsimple since they don't have ATM's

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