
LETS BUILD YOUR FUTURE TOGETHER
Everyday Banking
Everyday Banking
Neo Financial
Currently the Neo Financial mortgages are only available in Ontario, Alberta, and British Columbia. But I’m hoping they expand nationwide soon.
PROS:
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Great cash back at local stores – surprised me!
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BEST high-interest savings account in Canada.
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LOWEST mortgage rates I’ve found in Canada.
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Earn interest on all your money
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Auto deposits, auto pay (for your credit card), auto-save
CONS:
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No mobile cheque deposit
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To fully access Neo’s comprehensive suite of services beyond its foundational offerings, a monthly subscription fee is required.
Manulife
Manulife Bank is a top online bank that bundles chequing and savings into a single Advantage Account. Get high-interest savings with all the features of a chequing account, including mobile cheque deposits, e-transfers and debit card purchases. However, unlimited free banking is only available for accounts with a minimum balance of $1,000.
PROS:
- Unlimited daily banking with low or no fees
- High-interest savings account
- Includes travel disruption insurance up to $10,000
CONS:
- Minimum balance required for no monthly fees
- Only free withdrawals on in-network ATMs in Canada
EQ Bank
EQ Bank tops our list of best online banks in Canada thanks to its competitive interest rates and lack of monthly fees.
PROS:
- No monthly fees or minimum balances required
- Free Interac e-Transfers and ATM withdrawals
- 0.5% cash back on EQ Bank Card purchases
CONS:
- EQ Bank Card must be loaded with funds from a personal account
- Slow bank-to-bank (EFT) transfers
Embark on Your Financial Journey:
Start your journey to financial prosperity with Merwin Financial. We invite you to reach out for a personalized consultation and discover how we can collaborate to achieve your financial goals.

Your financial specialist
Brandon Merwin
Life Licensed Qualified Professional.
Financial & Estate Coordinator.
Certified Personal E-file Tax Preparer.
