🏦 Banking in Canada

Master Canadian banking: choose the right accounts, compare banks, avoid fees, and maximize your money.

Quick Banking Tips

  • Shop around: Don't settle for your first bank - compare fees and features across multiple institutions.
  • Negotiate fees: Many banks will waive monthly fees if you maintain a minimum balance or set up direct deposit.
  • Use online banks for savings: Online-only banks like EQ Bank and Tangerine offer higher interest rates with no fees.
  • Avoid overdraft: Link your chequing to savings for automatic transfers instead of paying $45+ NSF fees.
  • CDIC protection: Your deposits are insured up to $100,000 per account category at CDIC member institutions.