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Scotiabank Preferred vs Wealthsimple Cash

The fee battle. Who steals less of your money?

Scotiabank Preferred

Fee Schedule Analysis

GREED SCORE: 80/100
Monthly Cost
16.95
Wire Fee
50.00
Overdraft Risk
5.00
WINNER

Wealthsimple Cash

Fee Schedule Analysis

GREED SCORE: 3/100
Monthly Cost
0.00
Wire Fee
0.00
Overdraft Risk
0.00

The Verdict

Wealthsimple Cash is the statistically superior choice. By switching from Scotiabank Preferred, you could save approximately $203.40 per year in maintenance fees alone, not counting the risk of wire transfer fees.