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 of 03 September, 2024
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 |
American Express | 53 | 87 | 3 | 0 | 45 | 13 |
ATB Online - Personal | 0 | 13 | 0 | 0 | 100 | 88 |
BMO Bank of Montreal | 70 | 82 | 2 | 0 | 27 | 18 |
Canadian Tire Bank | 78 | 93 | 3 | 0 | 19 | 7 |
Capital One | 10 | 0 | 90 | |||
CIBC | 29 | 7 | 12 | 0 | 59 | 93 |
Desjardins | 54 | 53 | 7 | 0 | 39 | 47 |
EQ Bank | 22 | 22 | 56 | |||
MBNA | 0 | 14 | 86 | |||
National Bank of Canada | 29 | 83 | 29 | 3 | 43 | 13 |
President's Choice Financial | 0 | 28 | 71 | 0 | 29 | 72 |
Questrade | 18 | 16 | 66 | |||
RBC Royal Bank | 40 | 57 | 4 | 0 | 56 | 43 |
Rogers bank | 58 | 4 | 38 | |||
Scotiabank | 46 | 54 | 6 | 0 | 48 | 46 |
Simplii Financial | 58 | 0 | 13 | 0 | 29 | 100 |
Sun Life | 20 | 5 | 75 | |||
Tangerine | 53 | 86 | 3 | 0 | 44 | 14 |
TD Canada Trust | 50 | 54 | 4 | 0 | 46 | 46 |
TD WebBroker (Canada) | 42 | 8 | 50 | |||
Wealthsimple (WASI) | 2 | 19 | 79 | |||
Wise (CA) | 100 | 0 | 0 |