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Was dead set against Wealthsimple for years, finally gave in last month
I had this thing where I refused to use any fintech that called itself 'challenger' or 'disruptor'. Felt like marketing nonsense. Then my bank started charging $10 a trade for small ETF buys. Did the math on a $200 purchase and that's 5% gone. So I moved $1500 into Wealthsimple just to try it. Three weeks later I've saved about $45 in fees. Still don't love the brand name but the math is hard to argue with. Anyone else hold out on a platform for dumb reasons and then switch?
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taylor.sean9d ago
About 18 months ago I finally gave in on my credit union after they added a $3 monthly fee for online bill pay. Moved everything to a no-fee account and it saves me $36 a year for no reason except stubbornness. Sometimes you just have to admit the old way stopped making sense.
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emery_black9d ago
Wait isn't that $36 a year from the bill pay fee? I thought the original post said $10 per trade so $45 in savings, or did I misread? Actually you're right about the stubbornness part, I held onto a bank that charged me $8 a month for no reason other than I'd been there since high school.
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