Personal Finance

Bank Recommendations?

  • Last Updated:
  • Oct 6th, 2017 10:36 pm
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Deal Fanatic
Aug 3, 2014
6089 posts
4352 upvotes

Bank Recommendations?

Looking for some bank recommendations.

Requirements:
  • Not Big 5, and
  • Not related to Big 5. e.g. Tangerine, and
  • Available for Ontario residents, and
  • Free or less than $5/month, and
  • Gives at least 5 free Interac e-Transfers per month, OR
  • Allows linking external accounts to pull/push funds, and
  • Not EQ Bank, and
  • Not Koho, and
  • Not Zag Bank.
18 replies
Deal Addict
User avatar
Feb 25, 2014
2170 posts
341 upvotes
Mississauga
hvwozq wrote: Looking for some bank recommendations.

Requirements:
  • Not Big 5, and
  • Not related to Big 5. e.g. Tangerine, and
  • Available for Ontario residents, and
  • Free or less than $5/month, and
  • Gives at least 5 free Interac e-Transfers per month, OR
  • Allows linking external accounts to pull/push funds, and
  • Not EQ Bank, and
  • Not Koho, and
  • Not Zag Bank.
Alterna bank. Two e-transfers per account (cheq & sav combined 4 transfers). You can link external accounts.
Oh sada kehra bapu karda black nee, Jehra tere shahir (Toronto), Le lawan flat nee
Jr. Member
Sep 10, 2017
139 posts
91 upvotes
Under your mattress like the good old young days
Banned
User avatar
Mar 9, 2012
815 posts
430 upvotes
Drummondville, QC
Maybe leave all your money in your house with such requirements.
Current credit card set up:
CIBC Dividend Visa Infinite: 4% groceries, 4% gas, 2% transit, 2% restaurants, 2% recurring bills
Tangerine MC World: 2% drugstore, 2% home improvement, 2% hotel-motel
Deal Addict
Mar 11, 2007
4391 posts
1505 upvotes
QC
That requirement list... You might want to start your own bank if you want these features.
Deal Fanatic
Nov 22, 2015
7849 posts
8797 upvotes
hvwozq wrote: Looking for some bank recommendations.

Requirements:
  • Not Big 5, and
  • Not related to Big 5. e.g. Tangerine, and
  • Available for Ontario residents, and
  • Free or less than $5/month, and
  • Gives at least 5 free Interac e-Transfers per month, OR
  • Allows linking external accounts to pull/push funds, and
  • Not EQ Bank, and
  • Not Koho, and
  • Not Zag Bank.
Why not related to the Big 5?

Everyone around here knows that the CIBC Personal Line of Credit is the best account out there.... assuming you qualify for one.
Deal Fanatic
Aug 3, 2014
6089 posts
4352 upvotes
skunkyjosh wrote: Maybe leave all your money in your house with such requirements.
jfmartel wrote: That requirement list... You might want to start your own bank if you want these features.
Why are you even posting such useless replies when there is already a bank name right above yours.
MehtabS wrote: Alterna bank. Two e-transfers per account (cheq & sav combined 4 transfers). You can link external accounts.
superfresh89 wrote: Why not related to the Big 5?

Everyone around here knows that the CIBC Personal Line of Credit is the best account out there.... assuming you qualify for one.
I already have accounts with all of them. :lol: I will close some.
Jr. Member
Feb 3, 2010
160 posts
74 upvotes
I am a recent fan of FirstOntario credit union. Free unlimited chequings account.
They do have another account for $10 a month which providers things like free money orders and annual fee for low fee gold MasterCard waved among other stuff.

They are very helpful.
Moderator
User avatar
Mar 23, 2004
47725 posts
13890 upvotes
Markham
hvwozq wrote: Looking for some bank recommendations.

Requirements:
  • Not Big 5, and
  • Not related to Big 5. e.g. Tangerine, and
  • Available for Ontario residents, and
  • Free or less than $5/month, and
  • Gives at least 5 free Interac e-Transfers per month, OR
  • Allows linking external accounts to pull/push funds, and
  • Not EQ Bank, and
  • Not Koho, and
  • Not Zag Bank.
3 letters: SOL
Deal Fanatic
Jan 21, 2014
8517 posts
6261 upvotes
I thought OP wanted "bank" and not CU. I agreed that with such criteria, OP will have a hard time find one. OP, you said big 5, so there is National Bank for you (6th largest bank) although I am not sure it's better than any other 5
Deal Addict
Sep 7, 2004
1599 posts
631 upvotes
Toronto
funkynassau123 wrote: You probably won't like it, but I suggest Presidents Choice.
PC Financial is no longer accepting new customers for personal banking services. Wait for next month when Simplii starts up but based on OP's criteria it's disqualified since it is a Big 5 subsidiary.
Jr. Member
Dec 7, 2016
106 posts
35 upvotes
gqbluez wrote: PC Financial is no longer accepting new customers for personal banking services. Wait for next month when Simplii starts up but based on OP's criteria it's disqualified since it is a Big 5 subsidiary.
That's good for people to know, thanks for the info! Maybe the OP isnt interested but others may be.
Deal Addict
Nov 25, 2014
1739 posts
960 upvotes
Newton Brook, ON
hvwozq wrote: I already have accounts with all of them. :lol: I will close some.
But... why?
You need someone with an umbrella not a fork
Deal Addict
Nov 6, 2015
1353 posts
1022 upvotes
Guelph, ON
I have a feeling that even if the OP finds a new bank, they'll soon do something that will get them added to the "list".
Deal Addict
Nov 25, 2014
1739 posts
960 upvotes
Newton Brook, ON
JoeBlack23 wrote: I have a feeling that even if the OP finds a new bank, they'll soon do something that will get them added to the "list".
Well it seems like "I already have an account with them" is a disqualifying factor, so the quest may never end.
You need someone with an umbrella not a fork

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