Personal Finance

Borderless debit card coming to Canada 2019

  • Last Updated:
  • May 9th, 2018 7:28 pm
4 replies
Deal Addict
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Dec 4, 2007
3947 posts
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Quebec
Whats that mean exactly? Because we already able to use our debit in other countries, what the difference?
Deal Expert
May 30, 2005
44207 posts
4831 upvotes
Richmond Hill
HyperTech wrote: Whats that mean exactly? Because we already able to use our debit in other countries, what the difference?
The card will hold multiple currencies, and not just CAD or USD.
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Sr. Member
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Jul 9, 2016
671 posts
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Toronto
It also sounds like it will bypass the "only keep $100,000 in an account" CDIC rule by keeping money in segregated accounts at different banks but would all appear as one balance in the transfer wise account
Deal Addict
Jul 15, 2009
1899 posts
1015 upvotes
HyperTech wrote: Whats that mean exactly? Because we already able to use our debit in other countries, what the difference?
You pay a huge fee to do that. This will let you do that much cheaper.

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