Canadian Banks with the Best Feeds

Given the issues with Canadian banks working with third-party data aggregators like Yodlee and Plaid )(as explained in this blog post: Canada: Sorry, The Connection Just Isn't There Anymore), we've compiled the below statistics to give some perspective on which banks might provide a better experience for their customers with PocketSmith.

  • Only banks with more than ten active feeds are included.
  • The absence of a number means there are no feeds for that bank with that provider.
  • Banks are sorted in descending order based on the number of active feeds.
  • "Auth Failed" means that authorisation was unsuccessful for some reason. This could be because a two-factor authentication prompt was not entered in time, or it was never sent by the bank, or authorisation failed because the bank threw an error.
  • These stats do not cover additional issues that may occur following a "successful" sync, such as delayed, missing or duplicate transactions.
  • Data is current as at May 8, 2023.

We keenly await open banking legislation in Canada to force the banks to work in a more open, customer-centric way. For the moment, we can only recommend that people look at moving their business to banks that provide more reliable connections, through working with third-party aggregation services like Yodlee and Plaid.

Provider Name Yodlee Success Plaid Success Yodlee Error Plaid Error Yodlee Auth Failed Plaid Auth Failed
RBC Royal Bank 58% 65% 11% 1% 32% 34%
TD Canada Trust 51% 92% 8% 1% 42% 7%
Scotiabank 57% 69% 5% 0% 37% 31%
CIBC 38% 30% 8% 0% 54% 70%
BMO Bank of Montreal 72% 85% 7% 0% 21% 15%
Tangerine 61%
2%
37%
American Express 77% 91% 1% 0% 22% 9%
Questrade 29%
16%
56%
Canadian Tire FS 86%
7%
7%
Desjardins 31% 0% 11% 0% 58% 100%
Wealthsimple (WASI) 3%
24%
73%
MBNA 9%
27%
64%
Simplii Financial 43%
17%
40%
Capital One 0%
12%
88%
Rogers bank 55%
0%
45%
Vancity 68%
5%
27%
EQ Bank 36%
12%
52%
National Bank of Canada 44% 100% 0% 0% 56% 0%
Sun Life 54%
4%
42%
ATB Online - Personal 36% 100% 14% 0% 50% 0%
President's Choice Financial 0% 78% 0% 0% 100% 22%

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