Hello Blossom Family🙌👐 The Wealthsimple Family End of Banking 🏦 event just ended or shall I say is about to conclude soon as I speak. It was a fascinating event full of fruitful investment discussion, great products launches and good snacks😜 Also, in Fall they mentioned the trading platform will be revamped👐🙌🫡 like 24×5 trading, better trade execution, signature portfolios, advanced trading options,dedicated advisors and what not... Got a chance to interact with Micheal Katchen and discussed how Wealthsimple charts improvement can go a long way to help us investors/traders and he was listening in mind you, great entrepreneur. Coming to the most awaited part the product launches: -End of bank accounts (New chequing account) -End of bank credit cards (New credit card launch) -End of bank branches (bank draft, cash and cheque delivery to recipients) Some of the features I noted: 🏦 Chequing Account Features -No monthly fees -No foreign exchange (FX) fees -No minimum balance required -1.75% interest (Core), 2.75% (Generation) -Covers ATM fees -Auto-invest directly from chequing -Multiple chequing accounts for different goals -New app rolling out this month -Supports wire transfers, cheque deposits, instant deposits -USD chequing account – 4% interest 🔐 Security & Controls -Trusted places – extra validation if accessed from untrusted locations -Custom spending & withdrawal limits -Add trusted contacts 💳 Credit Card -2% cashback on everything -No FX fees travel and use anywhere with ease. -Premium metal card for Generation clients 🫰 💰 Instant Line of Credit -Collateralized by money held with Wealthsimple -Low interest rates -Instant funds directly to chequing 📬 Money Movement & Delivery -Bank draft delivered to your home within a day. -Send & print cheques directly to recipient's door -Cash delivery to your home (starting with GTA, expanding to other cities) What are your thoughts guys??
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78 Comments
The Smart Investor
@investforlife · 1yr
Somehow the pictures are having some bugs while I uploaded the post, I pinned in the comment.
The Smart Investor
@investforlife · 1yr
The Smart Investor
@investforlife · 1yr
The Tribal Chief@cpainvestor · 1yr
Low FX fees, Norbert gambit? For usd Wealthsimple is still not competitive enough
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