Basics of bank accounts for kids Like an adult account, opening a child’s bank account requires you to fill out a formal application that includes providing your child’s Social Insurance Number and official identification, such as a birth certificate or passport. Most traditional banks and credi...
As outlined in this article there are many options for online banks for Canadians, but our top pick is EQ Bank. When you look at EQ’s straightforward app/website design with their exceptional customer service, you’ll see that they were designed to be an online bank, rather than a brick...
Another thing to consider is that most big banks waive fees if you meet certain direct deposit or minimum balance requirements. Canadians are ditching chequing accounts fees According to the Bank of Canada, 37% of Canadians don’t pay an account fee for their bank account with another 31% abl...
As the founder and CEO of Moving2Canada, Ruairi has been advising newcomers on how to immigrate, settle, and succeed in their new lives in Canada since 2011. He is a frequent contributor to discussions on Canadian immigration and has earned several recognitions for his expertise in the immigrat...
): While not technically a bank, this prepaid Mastercard is the only Canadian option with no FX fees, no ATM fees, and no monthly fees. Highly recommended for Canadians who travel abroad! Do you know any nomad friendly banks in Canada?Let me know, so I can add them here!
Making deposits with Visa, Mastercard or Amex branded cards is straightforward and instant in most cases. However, some banks classify gambling transactions as cash advances with hefty fees. Cards can be susceptible to fraud too. Interac Exclusive for Canadians, Interac lets you instantly transfer mo...
Frankly, most of Canada’s big banks have user-friendly apps that will work for. RBC, TD, CIBC and Scotiabank have all created discount brokerage apps that most Canadians would find fairly intuitive after a little reading on how to buy stocks in Canada. What separates BMO from that group ...
When Canadians talk about online savings accounts, they’re usually referring to savings accounts offered by online-only banks. These virtual banks were introduced to the Canadian market more than two decades ago and were appealing due to the high interest rates that they offered. These days, the...
Scotiabank is one of the big five banks in Canada, so they have an established history that Canadians can rely on. If you have one of the premium Scotiabank chequing accounts, you can get one of their credit cards without paying an annual fee. This benefits you since you’ll be able to...
When it comes to online gambling, Canadians are legally permitted to play with online casinos located outside of Canada, and with online casinos hosted on native reserves, such as Kahnawake. Generally, casinos in Canada run as charitable and commercial operations to ensure that local communities be...