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 04 February, 2025
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 | 37 | 84 | 3 | 0 | 61 | 16 |
BMO Bank of Montreal | 81 | 88 | 2 | 0 | 17 | 12 |
Canadian Tire Bank | 77 | 100 | 0 | 0 | 23 | 0 |
Capital One | 21 | 7 | 71 | |||
CIBC | 38 | 4 | 6 | 0 | 55 | 96 |
Desjardins | 70 | 85 | 4 | 0 | 26 | 15 |
EQ Bank | 17 | 25 | 58 | |||
Interactive Brokers - CA | 36 | 0 | 64 | |||
National Bank of Canada | 17 | 82 | 0 | 0 | 83 | 18 |
Neo Financial | 0 | 18 | 82 | |||
President's Choice Financial | 0 | 25 | 67 | 0 | 33 | 75 |
Questrade | 4 | 7 | 89 | |||
RBC Royal Bank | 43 | 57 | 4 | 0 | 54 | 43 |
Rogers bank | 69 | 0 | 31 | |||
Scotiabank | 37 | 60 | 2 | 0 | 59 | 40 |
Simplii Financial | 52 | 13 | 4 | 0 | 44 | 87 |
Sun Life | 29 | 0 | 71 | |||
Tangerine | 45 | 44 | 12 | 0 | 42 | 56 |
TD Canada Trust | 51 | 61 | 8 | 0 | 41 | 39 |
Wealthsimple (WASI) | 2 | 17 | 80 | |||
Wise (CA) | 93 | 0 | 7 |