All Questions
50
questions
2
votes
1
answer
258
views
Should I put a small amount of savings in a high interest savings account?
The highest in Canada that I've found is 2.8% interest, compounded annually where the interest is calculated daily. I have $2000, and the initial amount and the interest earned is guaranteed by a ...
- 133
13
votes
4
answers
130k
views
What Canadian account number format do European banks need for wire transfer instructions?
I am trying to transfer funds from my account in Europe to my account in Canada. On the sending (European) bank's transfer instruction form there is a field I need to fill-in in the beneficiary's ...
- 461
0
votes
1
answer
169
views
How to search efficiently for financial institutions, credit cards, etc (At least in Canada)?
I tried Google to seek high-rate savings accounts, which effected websites like https://www.highinterestsavings.ca/chart/, the broadness, newness, and reliability of which I doubt, because for example,...
user10763
0
votes
1
answer
61
views
Canada: Can financial institutions borrow against all RRSP assets?
I have a self-directed RRSP at a Canadian financial institution. In this case it happens to be a credit union.
The RRSP account is holding a corporate bond. I pay the institution a fee for ...
- 105
2
votes
1
answer
245
views
Do financial advisers in Canada who work at the bank, make investing decisions not in your best interest?
I've been using the same financial adviser as my my family and am wondering if Canadian financial advisers who work at the bank specifically Scotiabank would purchase mutual funds that specifically ...
- 436
2
votes
2
answers
2k
views
Getting Branch Location using Account/Routing Number in US/Canada
Are there any ways to retrieve a branch's address or relative location using the Account or Routing number of an individual account in the United States or Canada?
Are there any publicly exposed APIs ...
- 21
0
votes
1
answer
4k
views
What can I do with unused cheque book?
I will be switching all my accounts from Bank A to Bank B within the next few weeks. A few months ago, I purchased a cheque book for my Bank A checking account. It contains 50 cheques (all unused).
...
- 1,293
11
votes
3
answers
10k
views
Why do banks require small businesses to open a business bank account instead of a cheaper personal one?
I understand the need to separate personal finances and the business finances, be it sole-proprietorship or incorporation. I also understand that in the former it's optional, but in the latter it is ...
- 319
-4
votes
1
answer
195
views
Do I need to repay back my line of credit in the form of monthly payments?
When I take a line of credit, do I start making monthly payments, like with a mortgage? Or do I make a lump sum (principal + interest) payment at the end of the term of the line of credit? Or is there ...
- 16k
3
votes
1
answer
147
views
Receiving important daily wires from abroad?
I am an international student in Canada and I will be receiving frequent wire transfers from Europe (+10K). I was wondering if this will cause problems with my bank. The money is coming from a ...
- 31
8
votes
6
answers
7k
views
How to pay U.S. bills while living in Canada with Canadian income?
I'm from the U.S., but I'm living in Canada and all my income is in Canadian dollars.
What good options do I have for paying my American bills?
Currently, the best option that's been presented to me ...
- 539
5
votes
1
answer
406
views
Are there Canadian banks with low or nil user fees?
My banking institution is [again...] raising their fees for the second time in 12 months starting March 1st, 2012.
I would like to find a Canadian bank or type of bank that has lower fees, of course.
...
- 197
12
votes
5
answers
10k
views
Tax consequences of a foreign bank account for a US/Canadian citizen
My wife is a Canadian citizen, I am a US citizen. We live in the US, but make frequent trips to Toronto. The problem we face each time we cross the border into Canada is that we have to change our ...
- 747
4
votes
2
answers
542
views
Is it illegal for Canadians to keep money in overseas banks?
The movies are always talking about off-shore Swiss bank accounts and "hiding" money. Is this legal? What is their motivation for doing so? If it is legal (in any way), how can it be profitable?
- 373
8
votes
3
answers
5k
views
What is the best way of transferring money from American to Canadian bank? [closed]
I am a Canadian that will be working in US for some time. I will still have Canadian bills to pay, so I would need to regularly transfer US dollars from some US bank to my Canadian bank account in $...
- 893