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So, you want to switch banks, but… how?? Is there anything specific you need to know? Will you be penalized for closing your bank accounts? Are digital banking options actually safe? Do I need an account at a big bank in order to qualify for a mortgage? If you have any of those questions, or really any questions about how to switch banks, then you’re in the right place, because in this video we’re going to take you through everything that you need to know in order to switch banks. This will be your step-by-step guide for leaving your current bank and opening an account with a new bank - we even include a 'Switching Bank Accounts Checklist' for you to follow. 0:00 You want to switch banks, but…how? 0:37 You don’t need to use one bank (or a big bank!) 3:04 Banks vs credit union vs digital platforms 6:13 What features should I look for in a financial institution? 9:05 Switching bank accounts checklist 11:29 Final thoughts 💰 Sign up for Simple Investing (For Canadians) - https://stephandden.com/investment-co... Simple Investing (For Canadians) is a self-paced course that focuses on self-directed, passive, long-term investing in the stock market. There are six different levels, dozens of mini lessons, and test your knowledge quizzes throughout. You’ll also receive multiple downloadable resources - and a personalized investing game plan - that will help you take action on what you’re learning! Oh, and you’ll also be invited to join a private community of investors just like you who you can ask questions to, and discuss different money topics with - and you’ll have continuous support from us within the private community, too! ➡️ Simplii Financial - Our No Fee Chequing Account (up to $400 bonus) - https://api.fintelconnect.com/t/l/65a... ➡️ EQ Bank - Our High Interest Savings Account - https://click.linksynergy.com/fs-bin/... ➡️ Wealthsimple Invest - Our Robo-Advisor Investment Platform ($50 bonus) - https://wealthsimple.sjv.io/vnkndW ➡️ Wealthsimple Trade - Our Favourite Stock Trading Platform ($25 bonus) - https://wealthsimple.sjv.io/yRARNB ➡️ American Express Cobalt - Our Travel Rewards Credit Card (up to 22,000 points) - https://www.americanexpress.com/en-ca... ➡️ Neo Financial - Our Cash Back Credit Card - https://neo.cc/refer/N8U6K3S9 ➡️ Questrade - Low Fee Investment Platform Canada ($50 cash back) - https://questrade.sjv.io/AWa9jo ➡️ Borrowell - Free Credit Score Check - https://api.fintelconnect.com/t/l/612... The links above are affiliate and/or referral links that provide us compensation when you use them to sign up. Thank you for supporting our channel! ⭐️ Check out our free budget template - https://stephandden.com/free-budget-t... Website - stephandden.com Instagram - @stephandden TikTok - @stephandden ➡️ YouTube Filming Equipment - https://amzn.to/3HrWA4i ➡️ YouTube Editing Equipment - https://amzn.to/3RXBsri The links above are affiliate links - Steph & Den are Amazon Associates and we earn from qualifying purchases. Disclaimer - This content is for education and entertainment purposes only. Steph & Den do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.