I'm curious what products and services everyone uses. I like trying out new services, but it seems like the big banks are pretty effective at squashing competition.
I'll go first:
Chequing - BMO
Savings - Wealthsimple
Investing - Questrade with Passiv
Credit cards - BMO, Costco, Amazon
I have tried Brim (credit card) and Koho (kind of a chequing account), but eventually dropped them because they couldn't effectively replace BMO.
I'm interested to know everyone's experiences with their banks and other financial service providers.
Edit: This thread has been amazing! Thanks for all the replies!
@MacroCyclo But that's an ETF and it does take a few days to get the money out, whereas a HISA in a bank can be conveniently accessed and thus can be used as emergency funds; certain online ones (Alterna, motusbank, EQBank, etc.) very much offer the same level of functionality (bill payments, e-Transfer, direct deposit, etc.) as brick-and-mortar ones.
That's why it works for me. In an emergency I just need to pay off my credit card at the end of the month.