Chequing accounts

Chequing and savings accounts exist for different reasons, and most of us have one of each. After all, it just makes sense to separate your everyday spending money from the funds you’re storing away for a rainy day (or, in many cases, a much more specific financial goal).

How do you know when it’s time to close your bank account? Perhaps you’re preparing to get married and are planning to open a new joint account. …

Many Canadians who own a Tax-Free Savings Account (TFSA) are well-aware of the fact that the account shelters their savings from taxes, but many don’t recognize how many types of investments a TFSA can actually hold.

Have you ever wanted a chequing account with a rate as competitive as a high-interest savings account? Well, you’re in luck, because these accounts exist, and while somewhat rare, hybrid bank accounts are great financial products that allow Canadians to earn high-interest on chequing account deposits.

Finding the best chequing accounts in Canada can be a difficult task for many. With transaction limits, ATM fees, and monthly account charges, chequing account expenses can add up fairly quickly. The good news is that there are several cost-effective chequing accounts that can save you most — if not all — of the fees typically associated with a chequing account.

If you own a house or a car, there’s a good chance you also own insurance. Saving and investment accounts issued by banks also come with insurance, except it doesn’t cost you any money. This insurance is known as CDIC coverage. It is issued by a federal Crown corporation called the Canada Deposit Insurance Corporation.