Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
Latest News
Will Canadian banks’ blowout profits silence skeptics? Aug 27th
The financial sector is proving to be adept at navigating the obstacles in its way after four major banks reported profits this week
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Should you consider using joint accounts to avoid probate? Apr 17th
Q. My mother is a widow and I am an only child (single, never married, with one child of my own). Now that she is 83, she thinks she should put my name on all her bank accounts and investments so if she becomes unable, I would have control as joint account holder to pay any bills that come up. My na.... More »
Monthly fee for identity theft protection? Not worth it + MORE Oct 5th
Canadians rattled by the massive Equifax data breach may turn to credit monitoring and anti-identify theft services for peace of mind, but in most cases they’ll be paying more for what is presently available for little or no cost, according to experts.
Consumers can already contact the two mai.... More »
Best Canadian Renewable Energy Stocks: Earn More While Going Green Dec 13th
Stock investors look to new asset classes to diversify their portfolios while looking for new growth opportunities. For years, financials (banks) and energy companies like Enbridge or Canada Natural Resources have dominated the Canadian stock market. Lately, investors are paying more attention to co.... More »
Video: What do you need to open a bank account? Mar 25th
Looking for a better interest rate? Want more accessible ATMs? Tired of paying fees for things like bank drafts? Whatever your reason, changing banks or opening a new bank account can take just a few clicks—if you’re prepared. Watch this two-minute video to see what documents you’ll need (even.... More »
Britain’s top 10 U.K. banks may pay $9.2-billion a year in tax: study
– theglobeandmail.com
The study conducted by accounting firm EY, said that a new surcharge on profits to be introduced by the British government will occur before an existing levy is phased out, which would hit some banks hard
MasterCard Selfies To Replace Passwords
– ratesupermarket.ca
Selfies are the new… passwords?
Maybe, according to MasterCard. The credit card company is currently experimenting with using personal features such as fingerprints and facial recognition to verify a cardholder’s identity. Known as biometric authentication, the technology could boost the security of online purchases.
If implemented, customers would need to download an app to access the technology. After paying, the user would be asked for a form of authorization — either a fingerprint (by simply touching the screen) or a facial scan (by staring at the phone and blinking once). MasterCard says no photo will be logged and that facial reconstruction won’t be possible.
Also read: Would You Use Heartbeat Banking?>
Passwords Are Passé
MasterCard currently offers its customers “SecureCode,” a private code that enhances security while online shopping. The code is unique to each customer and can only be seen by the cardholder and their financial institution. According to a CNN story, these codes were used in three billion online transactions in 2014…
