- Languages English +21
- Country availability Austria +37
- Services Multi-currency account
- Monthly fee Very low
- Card delivery time Mid
- Best for Spending while abroad
- Bank details Euro IBAN +11
- Supported currencies US dollar +50
- Overdraft No
- Annual interest rate Very low
- Supports cash deposits No
- International transfers Yes
The Best Online Banks in Canada Compared
To wrap things up, let's take a look at how the product, service, and pricing of Koho, Neo Financial, Tangerine, EQ Bank, Simplii Financial, the Wise Multi-Currency Account, and Motusbank compare to one another in Canada.
Monthly Fee | $4 | $0 | $0 | $0 | $0 | $0 | $0 |
---|---|---|---|---|---|---|---|
Free Intl. ATM Access | ✘ | ✔ | ✔ | ✘ | ✘ | ✔ | ✔ |
Intl. Transaction Fee | Varies by plan | 2.50% | 2.50% | ✘ | 2.50% | 0% | 2.50% |
Intl. Transfer Fee | N/A | N/A | 0.35%-3.6%¹ | 0.35%-3.6%¹ | 0.35%-3.6%¹ | 0.35%-2.85% | 0.35%-3.6%¹ |
Card Delivery Fee | $0 | $0 | $0 | ✘ | $0 | $0 | $0 |
Contactless | ✔ | ✔ | ✔ | ✘ | ✔ | ✔ | ✔ |
Google Pay | ✔ | ✔ | ✔ | ✘ | ✔ | ✔ | ✔ |
Apple Pay | ✔ | ✔ | ✔ | ✘ | ✔ | ✔ | ✔ |
3D Secure | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
Deposit Options | EFT, PayPal, Stripe | EFT, Interac e-Transfer | EFT, cash, cheque, debit/credit card | EFT, cash, cheque | EFT, cash, cheque, debit/credit card | EFT, debit/credit card | EFT, cash, cheque, debit/credit card |
Overdraft | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ | ✔ |
Platforms | Mobile, internet | Mobile, internet | Mobile, internet | Mobile, internet | Mobile, internet | Mobile, internet | Mobile, internet |
CDIC Deposit Insurance | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $250,000 (by U.S. FDIC) | $100,000 |
No. of Customers | 500,000 | 2 million | 2 million | 250,000 | 2 million | 10 million | 360,000 |
Customer Service | Email, telephone, live chat | Live chat or call 1-855-636-2265 | Email, telephone, live chat | Email, telephone | Email, telephone, live chat | Email, live chat | Email, telephone, live chat |
Try Koho | Try Neo Financial | Try Tangerine | Learn More | Learn More | Try Wise | Learn More |
1 Uses international fee schedule from Interac e-Transfer
Compare Online Only Virtual Banks in Canada and Worldwide
- Overall Monito Score
- Trust & Credibility
- Service & Quality
- Wise Multi-Currency Account Monito Score 8.9
- Koho Monito Score 8.3
- Languages English +1
- Country availability Canada
- Services All-in-one finance app
- Monthly fee No monthly costs
- Card delivery time Mid
- Best for Everyday banking +2
- Bank details Canadian account +2
- Supported currencies Canadian dollar
- Overdraft Yes
- Annual interest rate Moderate
- Supports cash deposits No
- International transfers No
- neobank.metadata.label.new_value neobank.metadata.enum.new_value.value 1
- Languages
- Tangerine Chequing Account Monito Score 8.2
- Languages English +1
- Country availability Canada
- Services Full bank account
- Monthly fee Very low
- Card delivery time Slow
- Best for Everyday banking
- Bank details Canadian account +2
- Supported currencies Canadian dollar
- Overdraft Yes
- Annual interest rate Low
- Supports cash deposits Yes
- International transfers No
- Languages
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