I went with tangerine because there are more Scotia bank atms around. And for Simplii there is a hold on your money if you make deposits. Like if I deposit 1000$ into my account there is a 4 day hold on most of it.
Good point you bring up regarding the hold. I find if it's direct deposit there's usually not hold but if I'm depositing a large cheque then there's the standard hold most banks have. But if you have a hold and it's from an employer you can talk to the bank and after couple of deposit they usually will increase capacity hold or remove it completely. Glad to hear Tangerine though working for you!
I personally prefer Simplii. I tend to like EQ for savings only deposit but for a bank to be able to use day to day I prefer Simplii over EQ as they have more of a complete banking suite in my opinion then EQ.
The chequing account use debt card same card you would see at the larger banks. You can make all your payments as normal. So options include having payment come out of your account directly, setting up online banking, telephone banking. Pretty much all the options you have at the big banks. So if you have a mortgage, most lender will direct debt the account for your mortgage payment, which you can do with either of these account option.
Your content is amazing, I like Every video, you can do better on youtube. Dear I saw some problem in your channel, that's why your video is not getting views, you need to fix it, we can talk about it if you want.
I went with tangerine because there are more Scotia bank atms around.
And for Simplii there is a hold on your money if you make deposits. Like if I deposit 1000$ into my account there is a 4 day hold on most of it.
Good point you bring up regarding the hold. I find if it's direct deposit there's usually not hold but if I'm depositing a large cheque then there's the standard hold most banks have. But if you have a hold and it's from an employer you can talk to the bank and after couple of deposit they usually will increase capacity hold or remove it completely. Glad to hear Tangerine though working for you!
Great video! Very informative
Simplii or EQ bank. which is your favorite?
I personally prefer Simplii. I tend to like EQ for savings only deposit but for a bank to be able to use day to day I prefer Simplii over EQ as they have more of a complete banking suite in my opinion then EQ.
What kind of card do these accounts use? Is it a prepaid credit card or debit card? Can I make mortgage payments with these?
The chequing account use debt card same card you would see at the larger banks. You can make all your payments as normal. So options include having payment come out of your account directly, setting up online banking, telephone banking. Pretty much all the options you have at the big banks. So if you have a mortgage, most lender will direct debt the account for your mortgage payment, which you can do with either of these account option.
Does it work for non-canadians?
you would need to be able to at least proof residence in Canada.
Your content is amazing, I like Every video, you can do better on youtube. Dear I saw some problem in your channel, that's why your video is not getting views, you need to fix it, we can talk about it if you want.