Oaken Financial is a digital bank, meaning they primarily operate online. This makes applying for their savings account quite straightforward. Here’s a step-by-step guide:
1. Visit the Oaken Financial Website:
- Go to the Oaken Financial website at www.oaken.com.
2. Navigate to Savings Account:
- Look for the “Savings Account” section on their website. You might find it under “Products” or a similar menu.
3. Start the Application:
- Click on “Open an Account” or a similar button to begin the online application process.
4. Provide Personal Information:
- You’ll need to provide information such as:
- Your full name
- Email address
- Social Insurance Number (SIN)
- Date of birth
- Address
5. Verify Your Identity:
- Mail a cheque: Oaken Financial typically requires you to mail in a cheque for $1 to verify your identity. This is a security measure.
6. Complete and Submit the Application:
- Fill out all the required fields in the online application form accurately and completely.
- Review all the information you’ve provided before submitting.
7. Wait for Approval:
- Oaken Financial will review your application.
- You’ll receive confirmation once your account is open.
Final Thoughts and Recommendations
In conclusion, Oaken Financial provides compelling financial products that cater to a wide range of needs. With high-interest savings accounts and GICs backed by a reputable institution, it’s an excellent choice for Canadians looking to grow their savings safely.
Whether you’re saving for a short-term goal or planning for the future, Oaken Financial offers the tools you need to succeed. Given their competitive rates, security features, and user-friendly online experience, I highly recommend considering Oaken Financial for your banking needs.
You will be redirected to the bank’s website
