|
|
|
|
|
|
by wolco
2181 days ago
|
|
|
Canadian banks are stabler because of the cost and missed opportunity costs are passed on to the customer. Want a mortgage at the current rate? Great you must qualify at 2% points higher. Canada has some of the highest banking fees. |
|
|
I'm not too upset it's harder to qualify for a mortgage here because it saved us from getting hit even harder ten years ago.
I've been banking for about 15 years and never had much to complain about. Sometimes I get an NSF fee from TD, I just call them and they reverse it as a 'one-time courtesy.' I've lost count of how many times I've done that and they've never said no. My credit card has no yearly fee and I pay $15 a month for my chequing account with unlimited transactions and E-transfers. You can go cheaper but I use debit and e-Transfer a lot. That's the sum of my personal banking fees.
For my business account I use FirstOntario's eChequing account with no monthly fee. Only thing I ever pay on this account is a $1.50 e-Transfer fee when I pay myself or others. I did have to buy shares when I opened the account as it's a credit union but they were only $25. The shares have appreciated by $10 in the few years I've had the account so I'm not complaining.
Really not that bad for me. What's your situation?