BMO Performance Chequing Account
- Earn $400
- Earn up to 5% interest
- $16.95 account fee
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The best mobile banking apps lets you do a range of banking tasks without visiting a branch or logging onto a computer. We’ve rounded up the best banking apps available in Canada today, so you can choose the one that’s right for you.
BMO’s user-friendly mobile banking app lets you deposit cheques using your phone, view your accounts, pay bills and transfer money. You can also send and receive money and activate your credit card from the app. And all of this is backed by BMO’s Electronic Banking Guarantee.
The Tangerine Mobile Banking app is secure and very user friendly. Tangerine was the first bank in Canada to introduce voice banking and touch ID on its mobile banking app. It also has a secure live chat feature for clients to get help while using the app in real time.
Ideal for everyday banking, the PC Financial Mobile banking app is both secure and easy to use. Users can check their PC Optimum points balances on the app and get real-time notifications related to spending, refunds, payroll deposits, payment due dates and more.
In the past, RBC’s award-winning mobile banking app has received the highest customer satisfaction ratings. Users can redeem RBC rewards points within the app and keep their accounts secure with biometric access. They can also temporarily lock their credit card if it gets lost. The app also offers personalized tips for spending and saving.
CIBC’s mobile banking app was rated #1 in Canada for 2021 for customer service by JD Power. It earned this ranking based on their user experience and workflow. It includes features that other banking apps don’t have like being able to open a new account being able to order foreign cash from the app.
Scotiabank’s award-winning banking app is very user friendly and secure — you won’t have to worry about privacy. It has a full range of money management features and even gives you access to your TransUnion credit score. The Quick Balance feature lets you check your account balance without having to sign in.
App store rankings are accurate as of December 21, 2022.
Did we choose according to who we liked best or who used the brightest colours? No. Our methodology was based several factors including consumer rankings, app store rankings, national survey results, security and support. The following 2 factors ranked the highest in our methodology:
While it’s nice to have a bank account with an intelligent mobile app, most consumers would agree that this shouldn’t be their number one priority. You may prefer to choose your bank based on the interest rates, incentives and customer service offered instead.
With that said, here are the factors you may want to consider when choosing the best mobile banking app for your needs.
Mobile banking is a system that lets the customer of a financial institution process transactions through an app on your smartphone or tablet. This is not to be confused with contactless payments, which use Near Field Communications (NFC) technology to allow you to use your phone to pay for things by tapping it near another device.
Before you start mobile banking, here’s what you should look out for.
The difference between digital banking and mobile banking and how to compare digital banking providers
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