Comments on: Bank Switch Almost Complete

By: Dave

Dave — Tue, 17 Jan 2006 06:44:21 +0000

chani: you are probably right about credit unions, in general they are probably “nicer.” I have one negative story about Richmond Savings though. They had a great kid plan. Until you reached the age of 18 you could get 100% free banking. When I turned 18 and became a student, they offered NO student plan! I even pleaded with them to let me have free transactions but they refused. So I was forced to cross the parking lot and create an account at TD Canada Trust which offered a cheap student plan.

By: chani

chani — Mon, 16 Jan 2006 17:27:48 +0000

personally, I go to credit unions. easier to not get any fees. I think it’s ridiculous to pay them to hold your money…

By: Dave

Dave — Mon, 16 Jan 2006 16:22:19 +0000

K: do you think it is possible that BMO would give us an account with unlimited transactions and no monthly fee? Actually I don’t believe one should even have to ask. Richmond Savings (an credit union in a suburb of Vancouver) used to offer free everyday banking as long as you had at least $25,000 in business with them (either through a loan/mortgage or investments).

Have you been able to get TD to match PC Financial’s plan?

By: K

Mon, 16 Jan 2006 15:54:34 +0000

Instead of switching, did you try negotiating?
Many times, when asked, the banks will match.
I usually line up the best deals from all the banks
and then get my current bank (TD) to match.

By: Dave

Dave — Fri, 13 Jan 2006 06:42:05 +0000

Yeah, sometimes I think $132/year (for my i.connect account at BMO) is not a lot of money to worry about… but it is! Especially when consider a few years down the road, and the fact that we often go over our 60 transaction monthly limit.

By: Mike

Mike — Fri, 13 Jan 2006 03:48:33 +0000

Hey,

I know what it feels like! I’m switching myself from td to pcf.

It takes some time but the pcf savings are almost unbeatable!