Let me keep it all the way real with you.
One of the biggest scams in the banking system is convincing you to leave thousands of dollars sitting in a chequing account just to avoid a $16.95 fee.
But here’s what’s actually happening behind the scenes:
When you leave money in your chequing account, you’re essentially giving the bank a loan for free.
The bank then turns around and lends your money to someone else and charges them 20–30% interest.
So they’re making trillions of dollars off your cash and still making you pay them a monthly fee. And somehow, they’ve convinced you that they’re doing you a favour?
We need to stop that today.
If you have any excess cash sitting in your chequing account, it’s time to move it.
Here’s what to do instead:
✔️ Put your surplus in a high-interest savings account and let your money earn YOU interest
✔️ Or invest it through your Tax-Free Savings Account (TFSA) where your money actually grows tax-free
✔️ And please for the love of sweet baby Jesus, switch to a no-fee chequing account. There's no reason to keep paying banks to use your money.
Your money should be working for you, not sitting there making the banks rich.
Simplii Financial and Tangerine* are two of my favourite no-fee chequing accounts and they usually have some sweet sign up bonuses they set up periodically.
*Orange key: 58992696S1
Want help building a money system that makes this automatic?
Inside SSS, I’ll teach you how to free up 30% of your income and grow that surplus to 10x your annual income without giving up the things you love.
Join the Surplus Stack Society today
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