516 – Online Banking: Navigating Fees, Services, Apps and Benefits

Doug is joined by BIA Insolvency Counsellor Charlie Kovacs. They discuss banking in the digital age and cover topics such as service fees, chequing accounts, digital transactions, payment methods (digital vs. cheques), prepaid cards, credit scores, mobile payment options, how to manage digital finances, free tax filing, and finding the best bank rates online. If you're new to digital banking or eager to learn insider tips from finance experts, this episode is a must-listen!

Time Stamps:

00:00 Introduction

01:25 How can you bank for free?

03:55 Using a mobile app for depositing cheques

05:14 Why do you have to open a new bank account if you file a consumer proposal or bankruptcy?

07:36 Cheques vs E-transfer

08:23 Debit Cards, Credit Cards, Prepaid Cards

14:57 What is the difference between a loadable credit card and secured credit card?

18:20 How do you keep track of your money digitally?

25:11 How do I file my taxes for free?

27:15 Shop around for the best rates

31:46 Final thoughts

Related Links:

Why You Should Bank at More Than One Bank - https://www.hoyes.com/blog/why-you-should-bank-at-more-than-one-bank/

Why Do I Need To Switch Banks? I Love My Bank - https://www.hoyes.com/blog/why-do-i-need-to-switch-banks-i-love-my-bank/

How to Open a New Bank Account For A Bankruptcy or Consumer Proposal - https://www.hoyes.com/blog/opening-a-new-bank-account-bankruptcy-consumer-proposal/