Questrade Secures Approval to Launch Canada's Newest Bank
Questbank will expand Questrade into everyday banking, complementing its wealth and investment services while joining other fintechs in challenging Canada’s traditional banks.
Canadians should soon have a new banking option as Questrade Financial Group says it has secured regulatory approval to launch Questbank.
“We’re Canada’s newest bank today,” Questrade chief executive Edward Kholodenko said. “So Happy Birthday to Questbank.
The company, known for its online trading platform, said Monday it received the final go-ahead from the Office of the Superintendent of Financial Institutions.
- Questbank will offer everyday banking services.
- It will complement Questrade's wealth and investment services.
- Questbank joins other fintechs in challenging Canada’s traditional banks.
Author's summary: Questrade launches Questbank.
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