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"Our banks might not be convienient" I don't think that at all. I was responding to negative claims about technical innovations, and those are present in Canad
by afterburner 15y ago
"Our banks might not be convienient"
I don't think that at all. I was responding to negative claims about technical innovations, and those are present in Canadian banks in one form or another.
The bank you are speaking of is probably PC? You can use any CIBC ATM for PC banking, and its banking reps are in Loblaws stores, so while it has no branches per se it's not as bad as you make it sound.
There are credit unions here as well. There are options, but I'll admit the big 5 have quite a lot of the attention. I have heard that many small banks in the US are lacking in several service features, I don't imagine it's a rosy awesome world in the US.
I don't pay monthly fees, and I pay maybe $5 in bank fees a year total.
- scottdw2 15y agoI use PC too...They don't do so well with some things, like bank drafts, particularly in USD. You have go through a CIBC branch, both banks charge a free (even though PC is run by CIBC), and you have to deal with 2 bureaucracies. I admit, compared to other Canadian banks, PC is not bad. In the US though, you don't have to choose between branches and no fees.... Also, it's worth keeping in mind that if you keep a balance (to avoid fees) you are still paying a fee. One part is loss due to inflation (any interest rate below inflation is a negative return), and the other is opportunity cost....