Financial Product Reviews

The RBC Digital Choice Business Account Package is an excellent account choice for a business bank account and is best suited for companies who primarily like to use online and mobile banking for most of their business banking. RBC also has an impressive list of recommended services for businesses.

If your business operates in multiple currencies, a Wise Business Account can be a cost-effective and transparent solution. It lets you send money to over 160 countries in more than 40 currencies, accept client payments in up to 9 currencies, and always benefit from the real mid-market exchange rate—without hidden fees. With low, clearly listed transfer costs and flexible options like debit, credit, and bank transfers, Wise makes international business banking straightforward and affordable.

The Coast Capital Elevate Chequing Account is a premium chequing account with a reasonable monthly fee and several interesting perks. With a credit card rebate, free access to the Coursera learning platform, and a couple ways to reduce the monthly fee, this account has a lot going for it.

As one of the most recognized names in the tax industry, H&R Block provides one of the best tax software products in Canada on top of its in-branch services. With accuracy guarantees, one-on-one attention available from tax professionals at physical offices or online, and options for each price bracket (including free!), H&R Block seems to have thought of everything.

Serenia Life Financial offers flexible and affordable life insurance options. As a member-based organization, Serenia Life Financial provides its more than 33,000 members with valuable products, unique benefits, and investment opportunities.

Trading platform Qtrade now offers their own version of an FHSA, and from the get go, it’s clearly aimed at investors who prefer to keep a close eye on their money. It allows you to keep stocks, bonds, and other investment products in your FHSA, as well as cash.

As savings accounts go, the Canadian Western Bank Summit Savings Account is about as basic as you can get. It has no monthly fee, you can transfer funds freely from this account to other CWB accounts you may already have, and using an EXCHANGE Network ATM is free – kind of.

Laurentian Bank is a well established financial institution based in Quebec, and the Laurentian Bank High Interest Savings Account is one of its most impressive products. Account holders can enjoy lucrative interest rates with no minimum balance requirements.

For businesses making only a handful of monthly transactions, the RBC Flex Choice Business Account Package offers a valuable way to keep expenses down. For a low monthly fee of $7.00, you'll pay a small fee for each transaction, but the accompanying perks can help you save money.

The Scotiabank Select Account For Business Plan A is one of 4 plans available with the Scotiabank Select Account for business. Though it’s the lower tier, Plan A still offers a decent number of free transactions for a small businesses – and the monthly fee can be waived simply by keeping $20,000 in the account at all times.