Chequing accounts

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 […]

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 […]

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 […]

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 […]

In Collaboration with KOHO Were you born after 1979? Congrats, you probably need a side hustle to afford breathing. Meanwhile, Big Banks mooch off our hard-earned cash and give us squat in return. But we’re the ones who slack? Bye Felicia. It’s time to match their energy and turbocharge your side hustle with KOHO! Ditch […]

Advantages and Disadvantages of Mastercard Debit Cards Advantages Disadvantages Debt PreventionSecurity FeaturesInternational AcceptanceLower Fees Limited Online Shopping OptionsNo Credit Score BuildingFew Participating BanksFewer features Advantages a) Debt Prevention Debit Mastercards can help you to manage your finances better and prevent overspending. You won’t be tempted to borrow or take out a loan when you don’t […]

Not all chequing accounts are free. Some require a monthly fee that can often be waived if you maintain a certain balance in your account. Also, some accounts provide only a limited number of free debit card transactions per month, and once this number is exceeded, additional costs may be incurred. ATM fees are the […]

While most Canadians do their banking online and pay for things with a credit card, for some items you may need a certified cheque. If you’re looking to buy something like a car or home, sellers may require this type of cheque. You might be wondering why a piece of paper is so important to […]

Payment methods have evolved to match the fast pace of our lives. For Canadians, this also applies to debit cards, which tend to come in two forms: Interac or Visa. In this article, we’ll provide an in-depth analysis of the features, fees, and benefits of Interac and Visa Debit to help you make an informed […]

So you’re ready to take your relationship to the next level. But have you thought about how you’ll manage your financial responsibilities as a couple? Whether you’re just moving in together or you’ve been married for ages, a joint account can help you streamline your finances at any stage of the game. So, if you’re […]

You carry your mobile phone with you every day, and you have carefully chosen a package that meets your needs. You don’t want to overpay, and you definitely don’t want to incur data overage charges. Picking your chequing account should be treated with the same respect, as choosing the wrong account could cost you dearly. […]

As one of Canada’s largest banks, BMO Bank of Montreal’s automated teller machines (ATMs) are found across the country. These machines allow BMO customers to make withdrawals and deposits, but can also be used by customers of other banks to withdraw cash. Here’s what we think about BMO’s ATMs. What currency denominations can I withdraw […]