Quote:
Originally Posted by Azure
They are not acting like a bank yet in Canada. Or anywhere else. Not sure on what the specific legislation is on that. They just happen to have the ability to accept bank deposits in some jurisdictions. Or e-transfer in Canada.
Depending on how you use their services, it can act like a bank but perhaps not wise to hold your entire savings with them if they are not properly insured.
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are their mortgage rates competative?