You still trust banks with your money?
The same banks that:
– Limit your withdrawals
– Freeze accounts during protests
– Block transactions they don't approve of
That’s not banking, that’s...
Wealthsimple Chequing account (and any bank account that is defined in Canada as a securities account), cannot be used while outside of the country for more than 6 months. Bank account is frozen until the owner returns to Canada. They say it has nothing to do with tax residency. Regardless, it's not really your money if you have to ask for permission to use it how you see fit, where you see fit.
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