Top 5 Best Online Banking Solutions in Canada
Technological advancement of the last few decades has reshaped banking into a faster, more efficient and also very accessible service in this digital age. In addition, there are different types of online banking solutions in Canada that cater for different needs and each has its own unique advantages. This article focuses on the top five online banking solutions in Canada that offer unrivaled convenience, customer service, and security.
Why Do You Need Online Banking?
Online banking has revolutionized the way people manage their personal finances. Having access to your bank account anytime throughout the day enables you transfer money electronically wherever you are, monitor your investments as well as keep up with your savings via your mobile or computer device. Some of the benefits of online banking include some time saved from traveling to a physical branch since it is always available at any given time of the day or night. It also makes it possible for one to track his or her bank balances so as to know how much he or she spends every month hence assisting in decision-making on critical financial issues.
Moreover,internet-based banks normally have savings accounts with high rates of interest along with no-fee checking accounts and incentives which could be absent from conventional banks thus making them a financially astute choice for several Canadians. Further information about credit card usage can be found here.
Top 5 Best Online Banking Solutions for Canadians
1 Simplii Financial
Simplii Financial is an example of these leading internet-based banks owned by Canadian Imperial Bank of Commerce (CIBC). This digital platform without charges contains saving account chequing account mortgage and personal loans.The customers get higher interest rates on saving accounts, enjoy free Interac e-transfers and be able to withdraw cash globally through CIBC ATMs.Moreover, Simplii Financial reviews reveal that its advanced feature mobile app is user-friendly thus convenient for those constantly traveling.
#2 Tangerine
Being referred to as human-centric, Tangerine is the former ING Direct and now owned by Scotiabank. Majority of them have no-fee checking accounts and high interest savings accounts but do not leave out other services such as mortgages, investments, and insurances.Tangerine online banking platform is user-friendly with a customer service that operates on both the phone and its official website.This is also complemented by an excellent cash back credit card that Tangerine has in addition to occasional marketing promotions.
#3 Manulife Bank
Manulife Bank provides a wide array of banking products and services designed for a unique digital banking experience.high interest chequing accounts ,mortgages and investment products are some of the strengths that stand out about Manulife.Other ones include their very good mobile app together with an online program for managing money.One particular feature known as ‘All-In Banking Package’ combines day-to-day banking with revolutionary tools built to assist you save more.
#4 Wealthsimple
Wealthsimple is mostly considered as a robo-advisor but it also has online banking features through Wealthsimple Cash.Customers can earn competitive interest rates while buying stuff or sending money in one combined account due to this hybrid account which incorporates saving-chequing account.Canadians seeking for an uncomplicated yet efficient online banking solution without any charges every month or free transactions or limitless withdrawals might find this useful.
#5 Alterna Bank
Another solid choice for Canadians looking to bank online is Alterna Bank, which offers high-interest rates on savings accounts and a no-fee eChequing account.The same goes for other banking types it deals in such as mortgages and personal loans— besides having a good range of digital services like mobile cheque deposits, Interac e-transfer, and 24/7 customer support just to mention but a few. Alterna Bank provides customers with various digital services which include amongst others; Mobile Cheque deposit; Interac E-Transfer; 24/7 support.
Which bank has the best online service?
There are some advantages associated with each of them. However, when it comes to selecting among them the one that has got the most excellent internet services possible you better look at what options are offered by each of these institutions in comparison with your own financial needs.
Tangerine and Simplii Financial stand out if you prefer banks that have no fees and pay good interest rates.
Manulife Bank could be right for you if you want a full-service institution capable of meeting all your needs ranging from creating savings plans to financing insurance policies.
Wealthsimple’s offering will appeal to those who want to simplify their financial decisions by consolidating all their banking and investing activities under one roof.
Therefore, Alterna Bank may be an alternative report because it has higher interest rates as well as being customer-friendly.
Banking has evolved immensely since the advent of the internet in Canada. So there are many alternatives available depending on your financial needs and lifestyle. Consider convenience, lack or presence of customer service offerings ,interest charges or none at all ,availability of products formatted under things like convenience ,customer service availability i.e. However Always bear in mind: Such factors as convenience, Customer Service Interest Rates & Availability Of Products also matter when one is choosing an Online Banking Solution.
