The banks in Canada have a wide range of online services that users can enjoy without going to physical bank branches. The practicality of online banking with any Bank in Canada has increased significantly because people love doing business 24*7. So, let’s checkout some popular banks offering great online banking services in Canada.
There are a lot of reasons why online banking is the first option for many people. It is because of convenience, no expenses and instant access. Any top bank in Canada, offers multiple online banking services without taking any extra fee.
Banks in Canada offering Online Banking Facilities
Banks and investments can become a little cumbersome for first time users. Once you get a hang of it, you can easily do it anytime you want. Your money should be at your disposal whenever you need it. For that you must know some of the banks that have gone digital in Canada.
1. Tangerine
Tangerine has gone completely digital. It offers online banking options for mortgages, credit cards and even TFSAs. It is a subsidiary of the Scotia Bank (a big 5 bank). The bank promotes itself in a way that by not having offline branches, it is saving more money for the customers. Customer support system of Tangerine is also impeccable.
2. Simplii Financial
Simplii Financial was founded by CBIC. When talking about the banks that have gone digital, the list is incomplete without mentioning Simplii Financial. The bank has made a mobile app for the customers that engage in daily transactions. There are no monthly or annual charges for online banking facilities.
3. EQ Bank
EQ Bank has complete online mode and no physical branches. The customer service begins right from 8 Am (EST). But the bank offers online banking facility 24*7. Mobile applications are also available for Android and Apple users. With the online banking system of EQ Bank, you can easily link your bank with the big 5 banks too.
4. Wealthsimple Cash
Wealthsimple Cash has gained immense popularity with their marketing campaigns signifying the importance of online banking. It provides online investment services. The banking system adopted by Wealthsimple allows you to engage in peer-to-peer transfers online.
The features offered by an online bank in Canada are similar to a normal traditional bank. Hence, why not use the more convenient option.