What is Neo Financial? Neo Financial is a Canadian fintech company offering a variety of products, including the Neo Everyday Account. It was founded in 2019 by veterans of the tech industry Kris Read and SkiptheDishes cofounders Jeff Adamson and Andrew Chau. Since the company’s inception, Neo’s mission has been “to reinvent how Canadians spend, save, and grow their money – all together, in one place.” Neo Financial aims to find new ways to streamline their offerings and make Canadi...| Million Dollar Journey
While our EQ Bank Review details why it is our top pick for Canada’s best online bank and high interest savings account, Tangerine is our runner-up in more than one category. The Canadian online banking scene really boils down to a two-horse race between EQ and Tangerine. And seeing as Tangerine is our former top-recommended bank in Canada, we’re clearly fans of both. In this review we’ll give you the full details about Tangerine’s most popular offerings. We’ll also show you how...| Million Dollar Journey
Canada’s online banks are innovating and stealing market share faster than most people thought possible a couple of years ago. According to the Canadian Bankers Association, 78% of Canadians now do most of their banking online - and that number just keeps climbing. This shift has proven to be a lot more than a short-term trend or pandemic blip. The move to digital banking appears to be permanent, and it’s not surprising when you think about it. For most people, managing money online is qu...| Million Dollar Journey
What Is Motive Financial? Motive Financial, which is under the Canadian Western Bank, is one of Canada’s best known online banks. They offer chequing, savings, RRSP, TFSA, and GIC accounts. Since Motive Financial has no brick and mortar physical locations, they are able to cut down on overhead costs and offer clients some pretty great deals including allowing clients to earn interest on their chequing accounts. Is Motive Financial Safe & Legit? Safety is always a concern when it comes to ...| Million Dollar Journey
What is Scotiabank? Scotiabank, officially known as the Bank of Nova Scotia, is one of Canada’s Big Five banks. Established in Halifax in 1832, it has grown to be considered as Canada’s most international bank, serving over 25 million customers worldwide. It is one of Canada’s oldest and most trusted banks with a full range of banking products. In this Scotiabank review, I’m going to focus on Scotiabank’s Ultimate Package and Preferred Package, which offer the most value to custom...| Million Dollar Journey
With more and more options available, choosing the best chequing account in Canada isn’t as easy as you might assume. When was the last time you wrote a cheque anyways? You’re probably not pulling out a cheque book at the grocery store or using it to settle monthly bills. I’d reckon you’re paying most bills these days via e-transfer, with a credit card, or with a mobile banking app. While we no longer spend hours each month writing cheques or balancing our checkbooks, the need for...| Million Dollar Journey
Is BMO Investorline Safe and Trusted? In a word, YES. As one of Canada’s oldest and most trusted companies (founded in 1817) the Bank of Montreal is as safe, trusted, and legit as you can get. InvestorLine has been around longer than the internet - BMO introduced self-directed trading way back in 1988 before moving online in 2000. That’s an impressive history! BMO InvestorLine is IIROC regulated and CIPF insured. They use 128-bit encryption and multi-factor user authentication to keep y...| Million Dollar Journey
If you prefer to do all your banking from the comfort of your home and don’t mind not having access to face-to-face help if required, then a bank that offers high interest savings accounts is a good choice for you. But not all online banks are created equal. Simplii Financial (as it has been known since 2017) has been around for a number of years, but how does it stack up to other online banks like EQ and Tangerine? In this Simplii Financial review, we are sharing our take on this online ...| Million Dollar Journey
EQ Bank Account Options and Interest Rates Account TypeInterest RateBest ForDaily High Interest Account1.25%* (Plus 2.75% if you direct deposit your pay)People who want the highest consistent interest rate in Canada + free e-transfers + super cheap international money conversion + FREE BANKING + USD Accounts for Canadians EQ GICs2.60% - 3.60%Folks looking to get a high ultra-safe return EQ TFSA Account3.60%The highest guaranteed rate of return in a TFSA in Canada.EQ RRSP Account3.60%The hig...| Million Dollar Journey