We Financial Canada Review

Updated

By

Reviewed by

Share:

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest

Many financial consulting providers offer their expertise on business financing, financial management, and real estate financing in Canada today.

These service providers aim to bridge the gap between traditional financial institutions, credit unions, and their consumers.

They serve as an alternative for people with one financial need or the other. Among them is We Financial; this article will be reviewing We Financial in Canada.

We Financial

We Financial is a financial consulting provider that offers professional services on business financing, real estate financing, and financial management.

They also serve as a financing agent for businesses seeking finance via their network of lenders. We Financial aims to simplify and provide services to people who need funding by finding them the most suitable lender based on their financial needs.

Regardless of the kind of loan you are looking to take out – small business loan, commercial mortgages, private equity loan, line of credit, or any business loan, We Financial will walk you through the process and advise you accordingly.

We Financial has cards to ease use and facilitate swift transactions, including the We Financial Visa prepared card and the consumer credit card.

Like other credit cards, the We Financial cards are designed as an alternative to carrying out transactions in cash. It is one of the safest ways to handle and manage your funds.

Features of the We Financial Cards

The We Financial cards offer users simplicity and efficiency at the tips of their fingers. They provide residents in remote communities with traditional banks an alternative to carrying out all their financing needs – loans, receiving funds, sending money, depositing, etc. Some of its features include:

  • First monthly fee waived
  • Free card
  • No pre-approval stage
  • Unlimited purchasing payment
  • Swift cash reload
  • Free email alerts
  • Globally acceptable card
  • It can be used for different kinds of purchase
  • No bank account required
  • Unlimited access to funds and services
  • 24/7 customer support
  • Cards become active by loading in money
  • Safe and secured

We Financial Visa Prepared Card

The We Financial visa prepared card gives you access to different services. However, you can only use what you have loaded on the card. So, every time you make a transaction with this card, the purchase/withdrawal amount and any applicable fees will be deducted from your available balance.

Getting your personalized visa card takes about 2 to 3 weeks from the date you purchased the temporary card. Note that your temporary card becomes active once you fund it.

You can reload, withdraw and carry out transactions with it depending on when you get your personalized card. Depending on where you stay, you can either pick up your card at the store or have it mailed to you. 

Below are some of the things you can do with your We visa card:

  • Make direct deposit
  • Shop online
  • faxing
  • Cheque cashing
  • Manage account online
  • 24/7 year-round service
  • Swift payment refund
  • Access to free email and text alerts
  • Moneygram
  • A.T.M. availability everywhere

Pros of We Financial Visa Prepared Card

  • Swift activation
  • No annual card fee
  • It can be personalized

Cons of We Financial Visa Prepared Card

  • No sign-up bonus
  • Reload fee
  • ATM fee

We Financial Consumer Credit Card

Unlike the We financial visa prepared card, the We credit card is designed for people with day-to-day financial needs. It gives customers the freedom to shop at any Northern NorthMart or Valu Lots store.

Also, you can leverage its exclusive money-saving perks that run all through the year, like Customer Appreciation Days, deferred payments, and installment payment plans. 

Below are some of the features of this credit card:

  • Revolving account for daily spending
  • No annual fee required
  • Equal and affordable repayment plans 
  • Consumer Credit Cardholder Agreement
  • Accessible employee loan payments
  • Payroll and benefits programs
  • A.T.M. placement program

Pros of We Financial Consumer Credit Card

  • No annual fee required
  • Access to loan payment

Cons of We Financial Consumer Credit Card

  • No sign-up bonus

The We financing credit card comes with an Equal Payment Plan (E.P.P), allowing customers to spread their payments out over a specified period. It features a minimum purchase of CA$200.00 and a term of up to 36 months in financing. The most fantastic perk of this card is that you can repay your E.P.P at any time without incurring extra charges or penalties.

The minimum payment is established in your account agreement, and it also includes any monthly payment under your E.P.P you are meant to pay.

The Equal payment plan has an annual interest rate of 28.8%, and it starts to grow after the monthly statement following the purchase date. It has a 5% G.S.T including provincial or territory taxes where applicable and also an administration fee of CA$50.00

Conclusion

We Financial is an alternative for people who are at a crossroad on finance. Since an evaluation of your credit report is not taken, it is an almost automatic entry process. You can always contact a We financial customer representative online or via phone call if you have any questions.

You Might Like

Post Comments

Leave a Comment

Your email address will not be published. Required fields are marked *

Essential reads, delivered weekly

Join the Financial Literacy Train. Get the latest financial information delivered right to your inbox.

Newsletter

Deals and Offers

We’ve rounded up the Best life in Canada, with the best promotions, and the best sign-up bonuses, to help you maximize your benefits.

EQ Bank US Dollar Account

Earn more on your US dollars

World Elite Mastercard

A card for travelling with exclusive perks

Platinum Mastercard

Earn 1 point for every dollar spent

Reviews

Post Comments

Leave a Comment

Your email address will not be published. Required fields are marked *

Canada Buzz Editorial

Product News and Recommendations Senior Editor

Latest Post

Advertiser Disclosure

Canada Buzz is an advertising-supported blog. Some products and services that appear on this site are from companies from which Canadabuzz receives compensation. We may alter brand placements on our website to amplify our partners and their offers. Any time you click to our partner websites or register for a product or services through an affiliate link on our website, we may earn a commission at ZERO cost to you.

Canada Buzz is a purely informational blog. Opinions expressed on this blog are NOT endorsed by the reviewed brands. The information provided on this website does not constitute financial or professional advice. However, our team strives to bring you quality, unbiased information.

Bukola

Highlights

Avid researcher, freelance writer, and personal finance enthusiast passionate about financial education and literacy.

Latest Post

Kareena Maya

Personal Finance and Travel Rewards Expert Contributor

Highlights

Experience

Kareena Maya is a freelance writer focused on the personal finance and travel spaces. He frequently writes about credit cards, banking, student loans, insurance, travel rewards and more. His work has been featured in publications such as Forbes Advisor, Bankrate, Credit Karma, Finance Buzz, The Ascent and Student Loan Planner.

Kareena Maya is a freelance writer focused on the personal finance and travel spaces. He frequently writes about credit cards, banking, student loans, insurance, travel rewards and more. His work has been featured in publications such as Forbes Advisor, Bankrate, Credit Karma, Finance Buzz, The Ascent and Student Loan Planner.