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Totally agree, the Canadian banking system is a corrupt cartel the levies it’s own tax on every Canadian. This was made even more clear to me when I moved to th
by dsomers 5y ago
Totally agree, the Canadian banking system is a corrupt cartel the levies it’s own tax on every Canadian. This was made even more clear to me when I moved to the Netherlands and every banking fee was suddenly 1/3 as much as in Canada for the exact same service.
- doikor 5y agoHere in Finland banking fees are a thing only for the poor (and even then we are talking about a total of 20 or 30 euros per year) Basically every bank has some kind of "premium customer" program that you qualify for by having enough investments or loans from that bank and magically all your banking fees go away (obviously they just make their money from the services they provide for your investments/loans)
- kwhitefoot 5y agoBanking fees? Never paid any as far as I can tell, not for the ordinary things. My bank here in Norway won't pay a bill if there isn't enough money in the account. It sends me a text and an email to say what happened and doesn't charge me anything. The only fees I pay are a small percentage for management of mutual funds.
- adpcm 5y agoI’m assuming parent meant fees like X per month for having a debit/credit card or for access to “online” banking.
- doikor 5y agoYeah that is what I meant. Basically having online banking + debit/credit card. Also for under 2X years old (depends on the bank) they are usually free.
- kwhitefoot 5y agoYou are right I pay an annual fee for my credit card and debit card. No fees for using them or access to online banking. The bank is online only anyway.