Popular articles about banking
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The 10 Best Joint Bank Accounts in Canada For 2023
Joint bank accounts can be a helpful tool for you and your partner as you navigate the financial side of life. Whether you are saving for a trip or paying off your mortgage, combining your savings can help get you organized for some of life’s biggest purchases. The thing about joint bank accounts in Canada […]
Grow Your Savings Faster With KOHO!
In collaboration with KOHO Canada’s big banks are charging increasingly high interest rates to borrowers, but their savings accounts aren’t keeping pace. Your nest egg is likely growing more slowly than inflation. The consequence? A loss of your purchasing power. How can you come out on top in such a context? Simply by finding the […]
The 8 Best Private Banking Services in Canada
In Canada, private banking isn’t just another service: it’s an exclusive suite of financial solutions designed specifically for high-net-worth individuals (HNWI). These individuals are those that have more than $1 million in investable assets. In 2022, HNWI made up more than 350,000 of Canada’s 40 million residents. To win the business of the wealthy, banks […]
The 10 Best Banks & Credit Unions in Alberta
When selecting the right bank to partner with, making the right choice can be a daunting task. If you’re in search of an all-inclusive banking solution covering chequing, savings, investments, and credit cards, the decision-making process can become even more difficult. That’s where our review comes in. Hardbacon has thoroughly examined most of the available […]
The Best Chequing Accounts in Canada
Choosing a financial institution with which to open a chequing account is not the most important financial decision you’ll ever make, but it’s not a reason to do so blindly. Each institution offers several banking solutions and some are more advantageous, depending on your needs. Like many of you, the day my “wealth” began to […]
How to read an investment account statement: What’s in it, what’s not, and questions you need to ask
If there’s one very important thing to look for on an investment account statement, it’s performance. But not only that. Other factors such as your investment strategy, portfolio composition, the benchmark index, ranking, fees, as well as the investment’s volatility, are all important things to consider to ensure that your investments are in line with […]
Credit Unions vs. Banks in Canada: Which Ones Should You Bank With?
There are more than 40 banks and 210 credit unions and caisses populaires operating in Canada today. While they are both financial institutions providing banking solutions to their customers, however, there are fundamental differences between credit unions and banks. Whether it’s their ownership and governance structures, values, user experience or regulation, the differences and similarities […]
Vancity Sample Cheque: Everything you need to know to find and understand it
From pre-authorizing payments to getting paid, sample cheques still come in handy… even though cheques are rarely used in Canada. The main reason you need a Vancity sample cheque is to share your banking information with someone else. Understanding Your Vancity Sample Cheque If you know what the numbers at the bottom of your Vancity sample […]
The 10 Best Banks & Credit Unions in BC
Welcome to our guide on the best banking options in beautiful British Columbia! Whether you’re a resident, newcomer, or visitor in search of reliable financial institutions, we’ve got you covered. In this article, we’ll explore the ten best credit unions and banks in BC, providing you with valuable insights into their offerings, customer service, and […]
Ultimate Guide to Credit Unions in Canada
Why does Canada have both credit unions and traditional banks? It’s a good question with a history of protection and inclusion that remains relevant today. In fact, that’s why credit unions in Canada are not only surviving, they are thriving! You see, a country’s financial institutions dictates its economy, and the more significant the monetary […]
The 11 Best Banks for Students in Canada in 2023
The best bank for students in Canada shouldn’t just give you a free account with unlimited transactions, it should reward you too. Why? Because people rarely change banks, even when there are better deals out there. That makes you a prime money-making target for banks. They want to earn your business early and turn you […]
Wise vs PayPal: A Detailed Comparison for Canadians
In today’s digital world, sending and receiving money internationally has become easier than ever before. Thanks to financial technology companies like Wise and PayPal, individuals and businesses can effortlessly transfer funds across borders with just a few clicks. But how do these two popular payment platforms compare? In this article, we’ll take a detailed look […]
Frequently asked questions about banking
What are the biggest banks in Canada?
Canada is home to one of the most robust financial systems in the world. The banking landscape in Canada is dominated by the ‘Big 5’ which represent the five largest banks in Canada. As of 2021, the Toronto-Dominion (TD) Bank is the biggest bank in Canada measured by assets. Other members of the Big 5 include the Royal Bank of Canada (RBC), Bank of Nova Scotia (BNS), Bank of Montreal (BMO) and Canadian Imperial Bank of Commerce (CIBC).