chequing accounts

Hybrid bank accounts, like Wealthsimple Cash, incorporate features from high-interest savings accounts and chequing accounts to create a flexible, all-in-one personal banking product.

Many Canadians who own a Tax-Free Savings Account (TFSA) are well-aware of the fact that the account shelters their savings from taxes, but many don’t recognize how many types of investments a TFSA can actually hold.

Have you ever wanted a chequing account with a rate as competitive as a high-interest savings account? Well, you’re in luck, because these accounts exist, and while somewhat rare, hybrid bank accounts are great financial products that allow Canadians to earn high-interest on chequing account deposits.

Finding the best chequing accounts in Canada can be a difficult task for many. With transaction limits, ATM fees, and monthly account charges, chequing account expenses can add up fairly quickly. The good news is that there are several cost-effective chequing accounts that can save you most — if not all — of the fees typically associated with a chequing account.

If you own a house or a car, there’s a good chance you also own insurance. Saving and investment accounts issued by banks also come with insurance, except it doesn’t cost you any money. This insurance is known as CDIC coverage. It is issued by a federal Crown corporation called the Canada Deposit Insurance Corporation.

A chequing account is something almost every Canadian citizen uses throughout their entire life. That said, a product with everyday use can rack up a significant amount of unnecessary fees — if the bank or credit … Read More

In the United Kingdom, switching banks is incredibly easy. The Current Account Switch Service (chequing accounts are known as current accounts in the UK) is a free service that automatically closes your old account, moves your … Read More

The term Big Five says it all: When it comes to banking, Canadians don’t have much choice. If your current chequing account is your first and only, you’re among friends — a large number of respondents in … Read More

Credit unions are a big part of the Canadian banking system. Canada’s credit unions have more than 5-million members, and there are hundreds of local credit unions and caisses populaires serving communities from coast-to-coast. While credit … Read More

As a Canadian, it’s rare that you’ll make a direct investment yourself. Residential real estate and other appreciable property (like collectables or gold, for example) are the most common exceptions to this rule. You can buy … Read More