We Financial Canada Review 2024

Many financial institutes offer financial services like business financing, personal loans, budgeting, and real estate financing. These services fill the gap between financial institutions, credit unions, and their customers. We Financial in Canada is one of them. It is a trademark of the well-known financial institution Northwest Company Inc. The North West Company Inc. provides a variety of financial services to underserved rural communities and urban neighborhood markets in Canada. 

This article provides an in-depth review of We Financial in Canada and its two key offerings. The We Financial Visa Prepaid Card and the We Financial Consumer Credit Card. 

What is We Financial in Canada?

We Financial is a financial management consultant that operates in Canada. It provides professional services like business financing, personal loans, budgeting, and real estate financing. 

It also works as a financing agent for businesses seeking finance. We Financial finds them the most suitable lender based on their financing needs. 

We Financial can provide any kind of loan. Like Entrepreneurial loans, Commercial loans, Personal loans, Lines of credit, or any other business loan. 

We Financial offers two key cards to facilitate instant transactions. These are:

• We Financial Visa Prepaid Card
• We Financial Consumer Credit Card

Like any other credit card, the We Financial cards serve as an alternative to cash transactions. It is the safest way to handle and manage your funds.

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Functions of the We Financial Cards:

We Financial Cards come with many functions. They are designed to meet the financial needs of Canadian residents in underserved communities. They cater to all their financing needs like receiving money, sending money, withdrawing money, loans, paying bills, etc.

The We Financial Visa Prepaid Card offers the flexibility of a prepaid card. Users can load funds onto the card and use it for various transactions. 

The We Financial Consumer Credit Card provides a line of credit. Users can make purchases and pay them off later.

Here are some main functions of the We Financial cards:

• Convenient Payment Solution
• Unlimited Access to Funds
• Credit Facility
• Budget Management
• Rewards Program
• No Charges for the Card
• Easy Activation
• Instant Cash Reload
• Pre-authorized Debits
• No Bank Account Needed
• Mobile Wallet Enabled
• No limit on Purchasing Payment
• Accepted Worldwide
• Free Email/Text Alerts
• Customer Support Services
• Security and Fraud Protection

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We Financial Visa Prepaid Card:

The We Financial Visa Prepaid Card is a multipurpose payment solution. It can be used anywhere that accepts a Visa. With this Card, you can also track your payments, manage your budgets, and set limits on your cards.

But you can only use the amount loaded on the card. Also, any applicable transaction fees will be deducted from your balance. 

After you buy your temporary card, your personalized visa card will arrive in 2 to 3 weeks. You can either collect your card at the store or have it mailed to you.

Features of the We Financial Visa Prepaid Card:

Here are some key features of the We Financial Visa Prepaid Card:

• Instant Deposit
• No Credit Check Required
• Online Shopping
• Online Cash Transfers
• Faxing
• Cheque Encashment
• Online Account Management
• 24/7 Customer Service
• Instant Payment Refund
• Free Email/Text Alerts
• MoneyGram
• Accessible A.T.M. Services

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Pros of We Financial Visa Prepaid Card:

• No Credit Check Needed
• Online and Offline transactions 
• Customizable Card
• Track and Manage Payments
• Reduced Risk of Fraud and Overspending
• Activated by Loading Funds
• No Annual Card Fee

Cons of We Financial Visa Prepaid Card:

• Doesn’t Build a Credit History
• ATM Withdrawals Fee
• Balance Inquiry Fee
• No Sign-up Bonus
• Reload Fee
• Per-month Card Maintenance Fee

We Financial Consumer Credit Card:

The We Financial Consumer Credit Card provides users with a revolving line of credit. It allows them to make purchases and pay them off later. With this card, you can shop at any Northern NorthMart or Valu Lots store. 

This card is suitable for individuals looking to enjoy the convenience of a credit card. You can also enjoy its exclusive benefits. Like deferred payments and installment payment plans.

Features of the We Financial Consumer Credit Card:

Here are some key features of the We Financial Consumer Credit Card:

• Revolving account for day-to-day payments
• Equal and Affordable Repayment Plans
• Consumer Credit Cardholder Agreement
• Accessible Employee Loan Payments
• Payroll and Benefits Programs
• A.T.M. Placement Program
• No Annual Fee 
• Online Accessibility

Pros of We Financial Consumer Credit Card:

• Build Credit History
• No Annual Card Fee
• Access to Loan Payment
• Rewards Program

Cons of We Financial Consumer Credit Card:

• Interest Charges
• Lower Credit Limit Initially
• No Sign-up Bonus

Equal Payment Plan (E.P.P.) of We Financial Consumer Credit Card:

The Equal Payment Plan allows customers to divide their payments over a specific period. We Financial Consumer Credit Card offers two variations of E.P.P. with affordable payments. These are:

• Equal Payment Plans for 12, 24, and 36 months 
• Equal Payments Plans for 36, 48, and 60 months

This card allows you can repay your E.P.P. at any time without any extra charges or fines. The minimum payment is decided in Consumer Credit Cardholder Agreement. It includes the monthly payment amount under the E.P.P.

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We Financial Customer Service:

The quality of customer service is vital when choosing a financial institution. We Financial in Canada provides excellent customer service to ensure customer satisfaction.

You can reach out for help through phone, email, or online chat. We Financial values customer feedback and handles customer complaints on time. 

Final Thoughts:

We Financial in Canada offers various financial solutions to Canadian Residents. Both cards have their respective features. Yet, it is necessary to weigh the pros and cons of each card based on your individual financial goals.