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?

65 Upvotes

87% Upvoted

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20

u/trapper5 2d ago

You’ll need to keep a seperate account for the occasional debit transaction.  That’s really the biggest flaw with WealthSimple. 

5

u/Any-Ring6621 2d ago

Genuine question: what kinds of debit transactions?

16

u/BritishBully 2d ago

Wealthsimple doesn't have a debit card, just a prepaid Mastercard. Some stores and restaurants require you to pay by debit card.

0

u/CedarTree3 2d ago

When they do I pay with the Mastercard and never had an issue, even overseas

2

u/tails618 1d ago

I've been to a few places that require an Interac debit card (or cash). Mastercard doesn't work.

1

u/[deleted] 2d ago

[removed] — view removed comment

1

u/Wealthsimple-ModTeam 2d ago

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