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What financial services do you use? (lemmy.ca)

submitted 1 year ago* (last edited 1 year ago) by MacroCyclo@lemmy.ca to c/personalfinancecanada@lemmy.ca

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I'm curious what products and services everyone uses. I like trying out new services, but it seems like the big banks are pretty effective at squashing competition.

I'll go first: Chequing - BMO Savings - Wealthsimple Investing - Questrade with Passiv Credit cards - BMO, Costco, Amazon

I have tried Brim (credit card) and Koho (kind of a chequing account), but eventually dropped them because they couldn't effectively replace BMO.

I'm interested to know everyone's experiences with their banks and other financial service providers.

Edit: This thread has been amazing! Thanks for all the replies!

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[–] BCsven@lemmy.ca 2 points 1 year ago (1 children)

Credit union for everything

[–] MacroCyclo@lemmy.ca 2 points 1 year ago (1 children)

Which one?

[–] Kelsenellenelvial@lemmy.ca 4 points 1 year ago

Some people don’t realize that Credit Unions are actually a whole bunch of different organizations, or maybe like me they use one of the few left that have just a handful of branches and don’t want to identify for that reason. Mine has two branches, one of which is only open part time in a neighbouring town.

As for the original post:

Small, local Credit Union for chequing/savings/TFSA Mortgage with BMO, because best rate and wife’s been with them a while. CIBC/Costco credit card because best rewards, as well as a Collabria credit card, because that’s the company my CU works with but haven’t used it since I got the Costco card.