Meridian Ushers in New Way for Canadians to Bank with Motusbank + MORE Feb 14th

The “Big Five” Canadian banks offer credit cards and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Did you know that there are many other options?
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Meridian Ushers in New Way for Canadians to Bank with Motusbank
Meridian holds the position as the biggest credit union in Ontario, and the third biggest country-wide. The company recently created a new subsidiary named Motusbank, a full-service digital bank that’s set to change the way Canadians handle their finances.
What’s Different About Motusbank
Motusbank, much like its parent credit union, has a member-centric approach to banking. Members enjoy access to the full retail product line and receive favourable pricing since shareholders are not a part of the credit union banking model. The competitive rates and fees provide plenty of incentive to take a look at this digital bank.
Online and mobile banking are included, which provides access to all of the bank’s services. One area that stands out is the digital mortgage platform. Savings and checking accounts do not have any fees, and Motusbank includes access to the no-fee ATM network The Exchange. David Baldarelli, Motusbank’s COO says “We’ve responded to what Canadians want by developing a simple and intuitive digital platform that makes banking feel good, and an experience that makes people feel valued and secure…

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Debt rating agency Standard & Poor’s downgraded the SNC-Lavalin Tuesday, citing diplomatic tensions and criminal charges against the beleaguered engineering giant as among the financial headwinds buffeting a firm now swept up in a political firestorm.

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The Platinum Card from American Express gets revamped - Metal Card, Earning Changes (up to 3x points) and no increase to annual feeOne the best high end, ultra premium cards in Canada got a makeover today. The Platinum Card from American Express has been a mainstay in many people’s wallets thanks to its earning potential and travel benefits. It has been sometime since it last received a makeover and we are pleased to bring you the details of the newly updated Platinum Card. There are only two significant changes and everything else on the card remains the same – even the annual fee.The first change is on the card’s earn rates for spending. Up until yesterday the card earned 1.25 Membership Rewards points per dollar spent across the board. That now changes to the following:3 points for every $1 in Card purchases on eligible dining in Canada2 points for every $1 in Card purchases on eligible travel1 point for every $1 in all other Card purchasesAs you can see two categories are getting increased earn while all other spending will now earn .25 points less. I’m not 100% sure how I feel about this change, the 3x points for dining is great and just like the Cobalt card, American Express has to legally word it ‘in Canada’ as that is all they can control but as long as a restaurant outside of Canada codes properly as dining you will earn the 3x points (this has been confirmed from Amex)…

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Marriott Bonvoy officially launched today. You will no longer see Marriott Rewards, Starwood Preferred Guest or Ritz-Carlton Rewards branding as the new program name and logo are here. We have lots of coverage of the evolution of the program from 2016 to today on our Marriott Bonvoy Starwood Preferred Guest Merger – All the resources you need page or visit Marriott’s Bonvoy site here. Over on our global site we posted another free miles offer – this is the return of 500 free Singapore Airlines KrisFlyer miles when you join the program by February 15th. Find out more here. Today we saw the released of the newly updated Platinum Card from American Express, it was the first bit of news we alluded to in yesterday’s daily update. Stay tuned for more news to come tomorrow! Posts since our last update: The Platinum Card from American Express gets revamped – Metal Card, Earning Changes (up to 3x points) and no increase to annual fee One the best high end, ultra premium cards in Canada got a makeover today…

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