COVID-19 Update: Contacting us COVID-19 – The health and safety of our customers and employees is a top priority...learn more

COVID-19 Update: Contacting usCOVID-19 – The health and safety of our customers and employees is a top priority...learn more

Oaken Store Status Update


Oaken Financial

March 31, 2020
Oaken Update


During these extraordinary times, the entire Oaken team remains committed to the safety of our customers and employees. As we announced earlier, to help reduce the spread of the COVID-19 virus our Oaken stores will remain closed until further notice.

Please note that our Contact Centre and mailroom are open, and our Online Banking is also available 24/7 to help you manage your Oaken accounts. If you need additional assistance, please call 1-855-OAKEN-22 (1-855-625-3622) Monday to Friday from 8:00AM to 8:00PM to speak with an Oaken service representative.

Thank you for your patience. We sincerely appreciate your business and we want you to know that we are here for you and we look forward to serving you in person again once the Oaken stores re-open.

Federal government programs in response to COVID-19


Over the past two weeks, the federal government announced a series of measures to help ease the financial impact of the COVID-19 outbreak. These actions include several new benefits and changes to existing programs. For full details in this rapidly changing environment, please see the Government of Canada COVID-19 response website and the government’s online Economic Response Plan.

Beware COVID-19 Scammers


It’s hard to believe but there are those out there who are using the current COVID-19 outbreak for an opportunity to try to steal from innocent people. There have been several new scams reported including a few that involved some of the new benefits the federal government announced to help those whose livelihoods have been impacted by the crisis.

Finance Minister Bill Morneau tweeted last week that the federal government is not sending text messages to people regarding the new Canada Emergency Response Benefit. If you receive an online or text message request to provide personal information to sign up for one of these benefits, delete it immediately because it is an attempt to steal your information.

8 ways to save money on your groceries

Lenders use your credit score to determine your ability to manage your debt.


It doesn’t matter if you’re single or have a family; if you’re young or old, groceries can be a huge expense when it comes to your monthly budget. While you can’t easily cut back on your grocery spending, there are still ways that you can save money at your local supermarket. In this Oaken Blog feature, Barry Choi shares some of the tips he’s learned for saving money at the grocery store.
Read more here.

Credit score

Lenders use your credit score to determine your ability to manage your debt.


Your credit score is like a report card that lenders use to determine how responsible you are when it comes to managing your debt. Your score will also impact how much you’ll have to pay to borrow as those with lower credit scores will be charged a higher interest rate to offset some of the perceived risk. So, with so much riding on your credit score, you should know how it is determined and how you can maintain a good credit score or improve one that is a little on the low side.
Read more here.

Working from home more effectively

Read these tips to help you be more productive when working from home.


With most non-essential workers now working remotely in response to the COVID-19 outbreak, here are several tips to keep in mind to help you work from home more effectively.
Read more here.

Legal Terms & Conditions

The information, materials and opinions contained in this Blog are provided for your information only. This Blog does not constitute legal, financial or other professional advice and you should not rely on it as an alternative to specific advice based on your particular circumstance.

This blog contains links to third party websites. These links are provided for information and convenience; Oaken does not endorse the content of any third party website, and it makes no representation or warranty as to the information on such third party sites. By clicking on any link to a third party site, you leave Oaken’s website and do so at your own risk.

Oaken disclaims all liability for any damage or loss that results from your access to or reliance on information contained in this Blog or any third party site.


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