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affairesdepiasses@lemmy.ca

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

submitted 1 year ago* (last edited 1 year ago) by MacroCyclo@lemmy.ca 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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[–] affairesdepiasses@lemmy.ca 2 points 1 year ago* (last edited 1 year ago) (1 children)

Checking : EQ Bank with Tangerine as a backup (for cheques and interac debit)

Savings : CASH.TO with IBKR

Credit cards : Desjardins, PC Financial, Tangerine, Canadian Tire, Rogers, CIBC Costco, Brim, American Express

Investing : I'm currently moving everything to NBDB for registered accounts and IBKR for non registered, but in the mean time, I also have Wealthsimple and Questrade

I also have a KOHO account, that I use for my oldest kid's allowance.

[–] MacroCyclo@lemmy.ca 2 points 1 year ago

This sounds like you've shopped around. It seems from the responses that I need to get a Tangerine account for chequing.