Canadian fintech Wealthsimple is taking aim at the fees big banks charge when customers move their money. The Toronto-based company told Ottawa in this week’s budget consultation that transferring savings from accounts like RRSPs or TFSAs has become expensive. A decade ago, those charges were often nothing or capped around $75. Today, some banks ask
This is a blatant PR stunt by a small player looking to differentiate it’s established competition. And I love it.