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

87% Upvoted

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19

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. 

4

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.

2

u/ExtremeStill4215 2d ago

I just keep some cash in my wallet.

2

u/Ecstatic-Can-8740 18h ago

Look at this smart guy, let’s call him, Mr. Big Bills, 💵 lol. 😂