Technology has revolutionized the banking sector in Canada, where traditional banking has been replaced by digital banking. With the rise of digital banking services, it has become easier for Canadians to manage their finances from the comfort of their homes. In this article, we will explore the best digital banks in Canada, which offer a range of services and benefits to their customers.
1. Tangerine Bank
Tangerine Bank is one of the best digital banks in Canada, which offers a range of services including savings accounts, checking accounts, credit cards, and loans. The bank has a user-friendly mobile app that allows customers to access their accounts, check their balances, and perform transactions seamlessly. Tangerine Bank does not charge any monthly fees, and customers can use any ATM in Canada for free.
2. EQ Bank
EQ Bank is another popular digital bank in Canada, which offers high-interest savings accounts, GICs, and joint accounts. The bank has a user-friendly mobile app that allows customers to manage their accounts and transactions easily. EQ Bank does not charge any monthly fees, and customers can withdraw money from any ATM in Canada for free.
3. Simplii Financial
Simplii Financial is a digital bank that offers a range of services, including savings accounts, checking accounts, credit cards, and loans. The bank has a user-friendly mobile app that allows customers to access their accounts, check their balances, and perform transactions easily. Simplii Financial does not charge any monthly fees, and customers can use any ATM in Canada for free.
4. Scotiabank
Scotiabank is one of the largest banks in Canada, and it also offers digital banking services. The bank has a user-friendly mobile app that allows customers to manage their accounts, check their balances, and perform transactions easily. Scotiabank charges monthly fees for some of its digital banking services, but customers can use any ATM in Canada for free.
5. RBC
RBC is another popular bank in Canada that offers digital banking services. The bank has a user-friendly mobile app that allows customers to manage their accounts, check their balances, and perform transactions easily. RBC charges monthly fees for some of its digital banking services, but customers can use any ATM in Canada for free.
6. BMO
BMO is a digital bank that offers a range of services, including savings accounts, checking accounts, credit cards, and loans. The bank has a user-friendly mobile app that allows customers to manage their accounts and perform transactions easily. BMO charges monthly fees for some of its digital banking services, but customers can use any ATM in Canada for free.
7. National Bank of Canada
The National Bank of Canada is a digital bank that offers a range of services, including savings accounts, checking accounts, credit cards, and loans. The bank has a user-friendly mobile app that allows customers to manage their accounts and perform transactions easily. The National Bank of Canada charges monthly fees for some of its digital banking services, but customers can use any ATM in Canada for free.
8. CIBC
CIBC is a digital bank that offers a range of services, including savings accounts, checking accounts, credit cards, and loans. The bank has a user-friendly mobile app that allows customers to manage their accounts and perform transactions easily. CIBC charges monthly fees for some of its digital banking services, but customers can use any ATM in Canada for free.
9. Coast Capital Savings
Coast Capital Savings is a digital bank that offers a range of services, including savings accounts, checking accounts, credit cards, and loans. The bank has a user-friendly mobile app that allows customers to manage their accounts and perform transactions easily. Coast Capital Savings charges monthly fees for some of its digital banking services, but customers can use any ATM in Canada for free.
10. Motusbank
Motusbank is a digital bank that offers a range of services, including savings accounts, checking accounts, credit cards, and loans. The bank has a user-friendly mobile app that allows customers to manage their accounts and perform transactions easily. Motusbank does not charge any monthly fees, and customers can use any ATM in Canada for free.
Conclusion
These are some of the best digital banks in Canada that offer a range of services and benefits to their customers. Whether you are looking for a savings account, checking account, credit card, or loan, these digital banks have got you covered. With their user-friendly mobile apps and no monthly fees, managing your finances has never been easier.