Banking
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 […]
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 […]
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 Bank of Montreal (BMO) sample cheque is to share your banking information with someone else. Understanding Your BMO Sample Cheque If you know what the numbers at the […]
Cheques are still a widely used method of payment. To write a cheque, simply order a cheque book and fill in all the necessary fields: date, amount, name of recipient, your signature and the memo. Of course, many people have turned to more modern, digital payment methods. They’ve moved to Interac e-transfers or Canadian alternatives […]
Are you looking for a secure way to send money? If so, you might want to consider a money order. No bank account? No problem! You can still send and receive money. If you’re sending someone money by traditional mail, a money order is one of your best options. They are a secure payment that […]
If you’re considering switching banks or opening a new account, there are several Canadian banks to choose from. One factor that will likely influence your decision, whether you realize it or not, is a bank’s reputation. In this article, we’ll list the 11 most reputable banks in Canada, according to 2023 consumer data from the […]
No one is immune to the possibility of a bank or credit union failure, no matter how unlikely it may seem. That’s where Canada Deposit Insurance Corporation (CDIC) comes in because the risk of a bank run is low but never zero. Force majeure or not, the CDIC protects your money by providing deposit insurance […]
Anyone who follows finance, and even those who don’t, have probably heard about the March 2023 Silicon Valley Bank (SVB) bank run. The failure of SVB marks the largest U.S. bank failure since 2008. The alarming news has left many of us wondering if our own banking institutions are at risk of a Canadian bank […]
The Federal Deposit Insurance Corporation (FDIC) is a US-based agency that offers deposit insurance to people that deposit their savings with banks or other financial institutions based in the US – known as “depositary institutions”. The FDIC does not cover Canadian depository institutions. In Canada, we have a different body called the Canada Deposit Insurance […]
As one of Canada’s five largest banks, Royal Bank of Canada (RBC) Automated Teller Machines (ATMs) can be found across the country. These machines allow RBC customers to make withdrawals and deposits, but can also be used by customers of other banks to withdraw cash too. So here’s our review of RBC ATMs. What denominations […]
