9.8
BestMoney Score
$40
2.00%
3.50%
$2 - $250
KOHO is a user-friendly Canadian finance app offering fee-free banking, competitive cash back, and high-interest savings, making it an excellent digital-first option for everyday financial management, though it lacks physical branches and joint account options.
Benefits and features
- Spend and earn up to 2% cashback
- Earn up to 3.5% interest on your balance
- Build your credit score
- Send money to over 190 countries
- Get 3 months 50% off credit building
Fees
- Membership fees $0-22/month
Pros
Cons
9.8
BestMoney Score
$0
$25
$0
5
Wealthsimple is a solid platform for beginner and intermediate investors, offering commission-free trading on stocks and ETFs with a user-friendly interface. Its access to both Canadian and U.S. markets, along with fractional shares, makes it appealing for those starting out or looking to diversify with smaller investments. However, it lacks advanced trading tools, which may not satisfy more experienced traders, and the 1.5% currency conversion fee on U.S. trades can add up for frequent traders.
Available investment products
- Stocks
- Exchange-traded funds (ETFs)
- Options
- Margins
- Crypto
Fees
- Options trading: $2 per contract
- FX fee: 1.5%
Pros
Cons
9.3
BestMoney Score
$250
$0
0.10%
Unlimited
Tangerine’s No‑Fee Daily Chequing account is a simple, truly no‑monthly‑fee digital chequing option with unlimited free transactions, free Interac e‑Transfers and broad Scotiabank ATM access, but it earns only minimal interest and lacks in‑person branch service.
How to claim bonus
- Open an account by clicking the button
- Move your direct deposit/payroll to your Tangerine account
- If your payroll goes there for 3 consecutive months, you'll get rewarded.
Benefits and features
- No fees for daily transactions
- Free access to 3,500+ ABMs
- Switch your payroll deposits and you could get $250.
Pros
Cons
9.8
BestMoney Score
$14.52/month
10 - 30 years
2
18 - 75
PolicyMe offers simple, affordable term life insurance designed to provide financial protection for individuals and their families without the need for medical exams. Their policies focus on quick online applications, easy-to-understand coverage options, and competitive pricing to meet the needs of Canadians seeking straightforward life insurance.
Known qualification requirements
- Age 18-75
- Canadian resident
- Personal information
- Employment information
- Health questionnaire
Fees
- $14.52/month
Types
- Term life insurance
- Critical illness insurance
Pros
Cons