Canadians should soon have a new banking option as Questrade Financial Group says it has secured regulatory approval to launch 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.
“We’re Canada’s newest bank today,” Questrade chief executive Edward Kholodenko said. “So Happy Birthday to Questbank.”
The company, however, won’t be rolling out new offerings immediately. Kholodenko said more details will be coming in the first half of next year on what’s in store, but that they haven’t ruled any categories out yet….