Questrade Launches Canada's Newest Bank
Questrade Financial Group has secured regulatory approval to launch Questbank, expanding its services into everyday banking.
Questbank will complement Questrade's wealth and investment services, challenging Canada's traditional banks alongside other fintechs.
"We're Canada's newest bank today," said Questrade chief executive Edward Kholodenko. "So Happy Birthday to Questbank.
Canadians will soon have a new banking option, with Questbank receiving the final go-ahead from the Office of the Superintendent of Financial Institutions.
- Questbank expands Questrade into everyday banking
- Complements wealth and investment services
- Challenges traditional Canadian banks
Author's summary: Questrade launches Questbank, a new bank in Canada.