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Latest News
When is open banking coming to Canada? Ottawa says “at the earliest opportunity” Jun 19th
The federal government says it will introduce legislation to implement open banking at its “earliest opportunity” as some advocates warn the project’s momentum may have stalled.
Open banking or consumer-driven banking, as Ottawa calls it, is about allowing Canadians and businesses to secure.... More »
Reddit community WallStreetBets squeezes short sellers - ABC News + MORE Jan 28th
Reddit community WallStreetBets squeezes short sellers ABC News2 short sellers admit defeat, bail out at huge loss as GameStop share surge hits 1000% CBC.caCanadian banks report disruptions as traders pile into BlackBerry, GameStop shares The Globe and MailOpinion: W.... More »
How to Read Your Credit Report May 30th
Your credit report summarizes your credit history and helps lenders weigh your credit risk. Often your credit report is initiated when you apply for your first credit card. Over time it can help you reach your larger financial goals such as obtaining a rental agreement or mortgage. When you apply f.... More »
Best Kids Bank Accounts: How to Help Your Child Start Saving Today Nov 8th
One of the best ways to set your child up for financial success early on is by opening them a youth bank account. With their account, you can begin to teach them important personal finance lessons, such as careful budgeting, smart saving, and mindful spending.
You may think that all youth savings ac.... More »
Lost wallet? Here’s how to protect yourself from fraud Mar 29th
You’re rushing out the door and you pat that familiar spot to confirm you’ve got your wallet, only to find…nothing. I don’t know about you, but after searching yesterday’s pockets, my mind goes to some dark places. First, the kitchen pantry. Maybe I put the granola bar in my purse and my w.... More »
How to cut costs on international money transfers
– moneysense.ca
While many Canadians know how expensive it can be to send money abroad, they’re likely unaware of how the costs are broken out. But one virtual bank is changing that.
EQ Bank has formed a partnership with TransferWise, a global money transfer platform that’s committed to being cheap, fast and transparent. Through this partnership, EQ Bank has integrated TransferWise’s API (the online “tool” that allows customers to make transactions) directly into their infrastructure, allowing customers to easily send money abroad using their EQ Bank account. It’s the first Canadian bank to partner with TransferWise, resulting in international money transfers that are up to eight times cheaper*.
International money transfers through big banks can be pricier than you think
International money transfers are ideal for those sending money to family, for snowbirds who spend part of the year in other countries, or expats from abroad who are living in Canada.
While Canada’s big banks do offer international money transfers, the cost per transaction can be high…
EQ Bank has formed a partnership with TransferWise, a global money transfer platform that’s committed to being cheap, fast and transparent. Through this partnership, EQ Bank has integrated TransferWise’s API (the online “tool” that allows customers to make transactions) directly into their infrastructure, allowing customers to easily send money abroad using their EQ Bank account. It’s the first Canadian bank to partner with TransferWise, resulting in international money transfers that are up to eight times cheaper*.
International money transfers through big banks can be pricier than you think
International money transfers are ideal for those sending money to family, for snowbirds who spend part of the year in other countries, or expats from abroad who are living in Canada.
While Canada’s big banks do offer international money transfers, the cost per transaction can be high…
