Wealthsimple debuted with a robo-advisor back in 2014 by having a mission that is relatively simple connection the space between Millennials and investing.
They’ve succeeded, as you would expect. Around this 12 months, Wealthsimple presently manages $5B of Canadians’ money. They’ve also established their particular brokerage that is online bought a well known no-cost tax solution for the time being.
Now, Wealthsimple announced it would further Wealthsimple Cash to its accessibility, a distinctive hybrid banking account. The chequing-savings-credit card combination is making quite the splash, because of the possible to redefine the Canadian individual finance landscape.
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What exactly is a Hybrid Banking Account?
A hybrid banking account may be the mix of a high-interest checking account and an account that is chequing.
Hybrid bank reports, like Wealthsimple money, integrate features from high-interest cost cost savings reports and chequing accounts to produce a flexible, all-in-one banking product that is personal. (more…)