Personal Finance

Borderless debit card coming to Canada 2019

  • Last Updated:
  • May 9th, 2018 7:28 pm
4 replies
Deal Addict
User avatar
Dec 4, 2007
3473 posts
1201 upvotes
Quebec
Whats that mean exactly? Because we already able to use our debit in other countries, what the difference?
Deal Expert
May 30, 2005
42407 posts
3089 upvotes
Richmond Hill
HyperTech wrote:
May 9th, 2018 6:33 pm
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
271 upvotes
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
1553 posts
650 upvotes
HyperTech wrote:
May 9th, 2018 6:33 pm
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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