Is Stash Available In Canada?

Is Stash Available In Canada?

Written by Lisa Rennie
Fact-checked by Caitlin Wood
Last Updated November 2, 2021

“Robo-advisors” are becoming an increasingly popular way for investors to trade their capital, whether they’re new to the game or have plenty of experience under their belts. Stash is one such online investment brokerage that offers investors a convenient and affordable way to trade and invest.

But Canadian investors will want to know: is Stash available in Canada? 

What Is Stash?

Stash is an online investment platform that allows investors to earn short-term profits and build long-term wealth without a large capital requirement. The financial technology firm was established in 2015 and currently has over 5 million users who use the platform on a variety of devices to invest. 

Check out our beginner’s guide to investing.

Is Stash Available In Canada? 

Unfortunately, Stash is currently not available in Canada and is only available in the US. To use Stash, you’ll need the following:

  • Social Security number
  • US citizenship, Green Card, or visa 
  • US bank account 
  • Be 18 years or older

Did you recently move to Canada from the US? Find out if you can transfer your American credit history.

What Makes Stash Great?

There are several perks that make Stash a useful tool for investors, both newbie and experienced:

  • Invest automatically. Funds can be automatically added to your Stash account. There are also automatic budgeting and saving tools available to help you organize your money into different areas, set goals, and keep tabs on your spending. You can also set up a direct deposit to send a specific dollar amount or percentage from your pay cheque to be sent straight to Stash. 
  • Price transparency. There are no hidden banking fees to worry about. Everything is upfront so there are no unpleasant surprises.  
  • Fractional shares. To avoid dumping a large sum of money into one investment, you can choose to invest in fractional shares of a myriad of stocks and ETFs with as little as $5 or less.
  • Choose the composition of your portfolio. Choose from retirement options, children’s investment accounts, and everything in between to suit your investment needs. 
  • Stock-Back Card. Stash’s Stock-Back Card is a debit card that rewards you with matching stocks on your purchases. It offers another simple and automated way to build and diversify your investment portfolio. 

What Are The Limitations Of Stash?

Stash is a bit pricier compared to other robo-advisors out there. Depending on the plan you’re with, you’ll be paying anywhere from $1 to $9 per month. 

If you’re only investing a small amount of money every month, these fees can result in an expensive management expense ratio (MER). That said, if you plan to invest hundreds or thousands of dollars, a few dollars a month might not make much of a difference. The expense factor becomes more of an issue with smaller investments. 

Canadian Alternatives To Stash 

Since Stash is not available in Canada, Canadian investors will need to look into alternatives, such as the following:

Wealthsimple Trade 

Wealthsimple Trade is a self-directed online brokerage that allows investors to buy and sell stocks and ETFs without paying trading commissions. It’s a great platform for those who are looking for a simple and affordable way to start investing with no account minimum required. Investors can trade on a laptop, desktop, or mobile device. 

Accounts available include TFSAs, RRSPs, and personal taxable accounts. Up to $1 million in your trade account is protected against insolvency by the Canadian Investor Protection Fund (CIPF). 

Questrade

Questrade is one of the more popular self-directed online trading platforms in Canada and has over 2 decades operating within the Canadian investment market. To date, Questrade has about $25 billion in assets under management.

This robo-advisor offers very low fees and a user-friendly trading platform, making it ideal for novice investors who are looking for a simple and affordable way to invest and trade. Fees range from $4.95 to $9.95 per trade, and investors have access to stocks, bonds, ETFs, options, GICs, and foreign exchange.

Like Wealthsimple Trade, Questrade’s investment accounts are insured by the CIPF. 

Stash FAQs

Is Stash safe to use?

Stash offers a very safe way to invest your money thanks to its innovative security features. Stash is also a registered investment advisor with the US Securities and Exchange Commission (SEC) and offers FDIC-insured accounts through Green Dot Bank.

How much does it cost to use Stash?

Stash’s costs depend on the plan you invest with as follows:
  • Stash Beginner: $1/month
  • Stash Growth: $3/month
  • Stash+: $9/month

What should you look for when choosing an investment platform?

There are several things to look for in an investment platform, including the following:
  • Fees
  • Minimum investment amount,
  • How portfolios are managed 

Final Thoughts

If you live in the US and are looking for a convenient online trade brokerage that allows you to take the wheel with your investments, you may want to consider Stash. If you’re located in Canada, there are other viable alternatives to Stash, including Wealthsimple Trade and Questrade. 


Rating of 5/5 based on 2 votes.

Lisa has been working as a writer for more than a decade, creating unique content that helps to educate Canadian consumers in the realms of real estate, mortgages, investing and financial health. For years, she held her real estate license in Toronto, Ontario before giving it up to pursue writing within this realm and related niches. Lisa is very serious about smart money management and helping others do the same. She's used a variety of financial tools over the years and is currently growing her money with Wealthsimple, while stashing some capital in a liquid high-interest savings account so that she always has a financial cushion to fall back on. She's also been avidly using her Aeroplan TD credit card to collect as many Aeroplan points as possible to put towards her travels!

Click on the star to rate it!

How useful was this post?

Research & Compare

Canada's Loan Comparison Platform

Largest Lender Network In Canada

Save time and money with Loans Canada. Research and compare lenders before you apply. Share your experiences with Canada's top lenders.

Make Smarter Borrowing Decisions

Whether you have good credit or poor credit, building financial awareness is the best way to save. Find tips, guides and tools to make better financial decisions.

Save With Loans Canada

Special Offers

Make No Payments Until 2022

Make No Payments Until 2022
Ends Soon

Borrow up to $50,000 from our partner, Fairstone, and don’t pay until 2022*

View Offer
Industry Spotlight

What's happening with Canada's credit industry?

goPeer — Helping Consumers Achieve Financial Freedom by Connecting Canadians Looking For Financing With Canadians Looking to Invest

goPeer — Helping Consumers Achieve Financial Freedom by Connecting Canadians Looking For Financing With Canadians Looking to Invest

goPeer is Canada's first consumer peer to peer lending platform and connects creditworthy Canadians looking for a loan with everyday Canadians looking...

Read Post
Locator
Find The Best Rate
In Your Region
OR
Best Personal Loan Provider by Greedy Rates
Icon

Confidential & risk-free

All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster. Loans Canada and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan. Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service.

When you apply for a Loans Canada service, our website simply refers your request to qualified third party providers who can assist you with your search. Loans Canada may receive compensation from the offers shown on its website.

Only provide your information to trusted sources and be aware of online phishing scams and the risks associated with them, including identity theft and financial loss. Nothing on this website constitutes professional and/or financial advice.

Your data is protected and your connection is encrypted.

Loans Canada Services Are 100% Free. Disclaimer

Keep Track Of Your Credit Score

Subscribe with Credit Verify to monitor your credit rating and get your free credit score.