The budgeting appbuilt for Canada
Works with RBC, TD, CIBC, Scotiabank, BMO and Wealthsimple. Skwad reads the email alerts your bank already sends, or a statement when it doesn't. No bank password. No broken connections.
Why Canadians choose Skwad
Reliable Canadian bank connections
Aggregator links snap, and transactions trickle in days late. If your bank emails transaction alerts, Skwad reads those instead of going through an aggregator, so a provider dropping your bank doesn't touch your budget. See the Plaid alternatives we support.
Free companion account included
A partner costs nothing extra. Invite them and you'll both see the joint accounts and budgets, and a second profile lets you keep a few transactions to yourself.
Your data is not for sale
We make money from subscriptions, not from your spending history, so we don't sell it and we don't train models on it. Partners we work with sign the same no-training terms, alongside strict privacy and security rules.
The Skwad way
Keep more of your loonies and toonies. Skwad starts at less than 10 cents per day (excluding applicable taxes). That's less than the price of coffee...in 1960!
Using Wealthsimple?
Wealthsimple will show you where your money went. It won't cap a category, hold money in an envelope, or tell you what's sitting at RBC. Skwad does that part.
Link your Wealthsimple account and each purchase syncs in categorized, right beside what you spent at RBC or TD.
Find your bank
Most banks can email you every transaction. Pick yours to see how to turn that on, or what to do if it can't.
Which budgeting apps sync Canadian banks?
Most of the big names grew up on American banks. They connect through aggregators, and those keep quietly cutting Canadian institutions from their lists. Here's how they compare.
| App | Syncs Canadian banks | Needs your bank password |
|---|---|---|
| Skwad | Email alerts, Plaid and SimpleFIN | Optional |
| Monarch | Limited, via aggregator | Yes |
| YNAB | Limited, via aggregator | Yes |
| Actual Budget | Limited, via SimpleFIN | Yes |
Based on publicly available information as of September 2026.
What our Canadian users say
Sarah T.
Toronto, ON
"Scotiabank and CIBC kept disconnecting with Plaid. Skwad works perfectly with my email alerts. I get instant spending updates and I reconcile my transactions every month."
Michel L.
Montreal, QC
"The privacy aspect was what convinced me. I tried other apps but I either had to reconnect daily or disable my 2FA. That's a big red flag that I'm not comfortable with."
Works with Canadian banks & credit unions
If your bank or credit union emails you a transaction alert, Skwad can read it.
Bank with one of the big three? Read our guide to the best budget app for RBC, TD, and CIBC customers.
Frequently asked questions
Does Skwad work with Canadian banks?
Yes. If your bank emails you for every transaction, Skwad reads those alerts and turns them into categorized spending. RBC, CIBC, Scotiabank, BMO, Tangerine, National Bank and Desjardins all do. TD, Simplii and Wealthsimple don't, so you link the account instead, like you would with other apps. Here's how that works for RBC, TD and CIBC customers.
Can I track CAD and USD accounts together?
Yes. Each account keeps its own currency, so a CAD chequing account and a USD credit card sit side by side. Set your Skwad's default currency to CAD, then turn on currency conversion in your Skwad preferences to see everything in Canadian dollars. Skwad uses the rates you set or the ones in your imported statements, and keeps the original amount on every transaction. Currency conversion is included on the DIY and LINK plans. See how multi-currency works.
Is Skwad available in French?
Oui. The whole app is translated into Canadian French on web and mobile, with the terms you'd expect, like REER and compte-chèques. Switch under Settings › Language › Français (Canada). If you share a Skwad, each person picks their own language, and the budget stays the same for both. Read about Skwad in French.
What about credit unions?
They work too. Skwad isn't tied to a list of supported institutions. Any Canadian credit union that emails you transaction alerts will sync, from Vancity to Desjardins to your local branch. See how to set up alerts.
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Bootstrapped & funded by our users.
Resources
Skwad bookFree bank transaction categorizerHow to setup auto import without bank linkingBank linking with 11,000+ financial institutionsWhat is a savings rate and how to calculate itHow to auto sync transactions to Google SheetsHow to import old transactions