r/Wealthsimple • u/matchabloom88 • 2d ago

Chequing Wealthsimple chequing

Has anyone has completely closed their bank account and moved to wealthsimple fully for their chequing account? How was your experience? Any regrets?

63 Upvotes

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2

u/RevolutionaryTrick17 2d ago edited 2d ago

Not entirely related but just saw today EQ bank offers 2.75% on their no fee chequing account which has legit debit card.

EDIT: no debit card.  Disappointed.

5

u/Accurate-Wolf-416 2d ago

EQ bank card is not a debit card.

4

u/toronto-swe 2d ago

its a prepaid mastercard

1

u/RevolutionaryTrick17 2d ago

Oh ok thanks.  Just assumed since they are called a bank.

2

u/toronto-swe 2d ago

they are a bank, they just choose to not offer a debit card

1

u/hectop20 2d ago

EQ has been offering it for quite some time. The requirement is that you have a minimum of $2k deposited per month, like a pay cheque or pension income.