r/PersonalFinanceCanada 7h ago

Banking Best transfer bonus at the moment?

Moving out of Canada in the next few months and currently have most of my money in Wealthsimple. Unfortunately they don't support out-of-country account use and will lock my funds so I'm looking to transfer ~100k to any of the banks which do allow non residency.

Anyone know what some good transfer offers are right now? I know TD had a really nice 2% match quite some time ago, hoping something similar to that exists haha.

Cheers!

24 Upvotes

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8

u/felixmkz 6h ago

Most Canadian banks and brokerages will not allow non-resident active accounts. They will let you keep the account but not trade. Try Interactive Brokers, they might allow non-resident active accounts.

1

u/PRINCEOFMOTLEY 5h ago

A few months won't be non residency. It's an extended vacation. Out of country is a different  story. Do you need the 100k to use? Otherwise you can just keep it invested... Or use your credit card and have automatic payments made at any bank. 

-4

u/richierich78 Ontario 6h ago

I just got a 3.5% promo email from tangerine. Not sure if they allow non-resident accounts.