Bank Index

Wealth One Bank of Canada

Bank · TORONTO, Canada · overall 5.2 / 10

Open in Bank Index

How this 5.2 is built

Average of 6 scored needs: 5.2. Regulation in Canada: 91/100 (World Bank governance indicators). Licence confirmed by a regulator's own list. Scores set by its kind of institution.

Wealth One Bank of Canada is recorded in the global register as a bank in TORONTO, Canada. The register names OSFI as its regulator and shows the licence as active. Established 2016. Collected from open registers.

On its own website: “WealthONE is a CDIC-insured Canadian digital bank offering GICs, mortgages, HISA, and more. Serving newcomers and self-employed Canadians. Apply online today.”

Legal name
Wealth One Bank of Canada
Regulated by
OSFI
Licence confirmed
yes, on a regulator's own list
Established
2016
LEI
5493004J048J3TVQQC04
Website
www.wealthonebankofcanada.com/

Scores, 0 to 10

6.0Canada
Licensed and operating in its home country per the register entry; the depth of its offer here has not been checked yet. · source
6.0Financial strength & stability
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
5.5Cross-border payments, FX and multi-currency accounts
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
5.0Lowest fees
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
5.0Best interest on business balances
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
5.0Trade, manufacturing & import-export
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
4.5Fast digital onboarding
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.