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Another advantage of banking with Motusbank is the competitive rate of its products. Motusbank charges zero fees for its chequing account and only $2 for ATM withdrawals and $1.25 eTransfers. The major advantage of banking with Motusbank is the ease and the simplicity of its banking. With Motusbank, you can open an online account and start saving or applying for a mortgage at the tip of your fingers.

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Matt is a podcast producer and writer, studying the intersections of culture, business, and technology. His current fascination is unpacking the most recent iteration of the Internet, Web3 and its cultural implications. He works in the technology space in Atlantic Canada. Before choosing which faction you want to be a part of, take the time to learn about each faction as this decision is permanent.

As a member CDIC, all deposits with Motusbank, including savings, term deposits and bank drafts are insured. The insurance policy covers up to $100,000 for each deposit category for all customers all over Canada. Relative to many other options, Motusbank appears safe to work with. The mere fact that the bank is operated by one of the most experienced financial institutions in Canada offers a credence to this.


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There is a lot to know! As the owner of a home with a basement suite, you are responsible to make sure that your suite is legal. Don’t despair! There is help for you. In Alberta, a legal basement suite must have one window in each bedroom, a window that can be opened from the inside without the use of any special tool or key.

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Motusbank is a completely digital full-service bank that offers loans, bank accounts, investment accounts, and other financial products and services. Motusbank offers chequing and savings services. The company also provides investment accounts, mortgages, personal loans, and lines of credit services. Having been in operation for several years, Motusbank’s services have gained the trust of customers over the years. Tangerine Bank has been offering direct banking services to Canadians since 1997. The bank offers services including credit cards, chequing, savings, investments and mortgages.

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