Wealthsimple Slams Big Bank Exit Fees, Pushes Ottawa to Step In | iPhone in Canada
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Canadian fintech Wealthsimple is taking aim at the fees big banks charge when customers move their money. The Toronto-based company told Ottawa in this week’s budget consultation that transferring savings from accounts like RRSPs or TFSAs has become expensive. A decade ago, those charges were often nothing or capped around $75. Today, some banks ask
    • garbagebagel@lemmy.world
      8·
      6 days ago

      Not OC but I used to use them for small investments back when I had money to play around with. It is a really straightforward platform and very beginner friendly.

      I also switched to using them for taxes because turbotax is dogshit. They have a pay what you can/free model and they’re again, super user friendly, and have lots of tips on maximizing your return.

      I haven’t tried any of their other banking things but from my experience with them over the last few years, I’d say they seem pretty decent.

        • puppinstuff@lemmy.caEnglish
          5·
          6 days ago

          Definitely worth a look. They’ve been consistently one of the highest savings account rates and their visa card gives 2% cash back on everything.

          • masterofn001@lemmy.ca
            2·
            5 days ago

            I have a self directed tfsa which is doing OK.

            Free trades. Fractional. Auto re-investing the dividends.

            Super simple. Though their search is a bit lacking.

            And their tax fillng… Holy shit it’s the easiest tax filing software I have ever used.

            The somewhat recent promotion to get a free pair of airpods was funny.

            Deposit $100

            Thousand.

            Maybe it was a commentary on the ridiculous overpriced pieces of plastoc.

            But hey, can’t give dictators giant 24k gold statues of themselves by selling non cult priced items.