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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
by wolco 6y 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.
- def8cefe 6y agoAs far as I know, no Canadian banks also operate stables. Perhaps in Alberta.
- wolco 6y agoAs far as I know no Canadian bank operates on sick patients horse or human either. English has so many words that depend on context. Polish? An act or cleaning or a people.. Context matters...
- def8cefe 6y ago'Stabler' only has one meaning. Also my reply had about as much to do with your comment as yours did mine.
- def8cefe 6y agoFor the record, 'more stable' would have been correct here. 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?