Banking

From the Big Six to the newest online banks, our team cuts through the sales pitches to find you the highest rate, lowest fee accounts from the best banks, credit unions and online payment apps to help you save money, earn more interest and transfer money quickly and easily to family and friends.

Canadian Bank Institution Numbers

An institution number is a unique 3-digit code that is used to identify a particular bank or financial institution and route electronic transactions to and from it. Here are the numbers for each bank in Canada.

What is a Routing Number in Canada? Where to find it

In Canada, the routing number for electronic fund transfers (EFT) such as direct deposit from employers, pre-authorized debit (PAD), bill payments, and wire transfers is made up of a leading zero, followed by your 3 digit institution number and 5 digit transit number.

EQ Bank Review: Best High Interest Savings

If you prefer no-fee online banking and are tired of chasing the highest promotional rate from bank to bank, we recommend EQ Bank and their Savings Plus or Joint Savings account. As long as you don’t mind the occasional extended downtime and don’t mind doing all your banking online.

Motive Financial Review: High Interest, Online Only

If you’re saving up for short term goals and won’t need the money for a while, we recommend Motive Financial and their Savvy Savings Account. As long as you don’t mind waiting for your account to activate and don’t plan on using your account everyday.