Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Fintech firms sharing unregulated advantage over Canadian banks + MORE Dec 16th
The speed at which banks can adapt to a newly competitive environment is hampered by the fact they must adhere to a strict and slow-to-change regulatory environment
.... More »
Credit Card Interchange Fees: The Impact in Other Countries Mar 31st
Last November, it was announced that MasterCard and Visa will reduce credit card interchange fees to an average of 1.5 per cent, to take effect this April. The fees, which are paid by merchants to issuing credit card lenders on each credit card transaction, have long been a point of contention amon.... More »
Canada’s Big Six facing headwinds ahead of first-quarter reports + MORE Feb 23rd
Weak oil prices, lower interest rates, slowing economy and share-price pressures all in play as Canada's Big Banks prepare first-quarter reports
.... More »
The Best Store Credit Cards of 2019 Dec 12th
We all have that favourite superstore – the one that sells everything under the sun, from car batteries and patio furniture to sports drinks and baby clothing.
And while we may spend hundreds or even thousands of dollars at these stores per year, it’s time to consider how you can get a return o.... More »
How to buy Stellar / XLM in Canada Nov 18th
Since the cryptocurrency market crash in May, smaller altcoins have been steadily stealing the march on leading digital coins. Altcoins’ relatively faster rise in value, compared to crypto heavyweights like bitcoin and ether, has sparked dramatic investor interest in some lesser-known tokens over .... More »
Hidden Bank Fees Top Complaint List For Consumers
– ratesupermarket.ca
What is the definition of a “good” bank? One that that doesn’t charge extra fees, according to Canadian consumers. A recent study released by Leger Marketing for PC Financial reveals 71 per cent of survey takers are fed up with hidden bank fees, saying they’re the biggest lender turnoff.
Another 42 per cent take issue with “surprise costs”, and no wonder – being charged to access your money adds insult to injury. If you’ve ever wondered why your chequing balance is lower than it should be, only to find a random “excess Interac” or “performance fee” on your usage statement, you can attest to the frustration.
Consumers Are Willing To Switch
While Canadians are known for being loyal and hesitant to switch from their home banks, the quest for fee-free banking is prompting a reversal of this behaviour – 83 per cent of consumers are heading online to seek out more affordable options. If you’re on the hunt for a new chequing account, be sure to check off the following:
How To Pick The Best Chequing Account
Is there a minimum balance? While most chequing accounts won’t require you to maintain a minimum balance, doing so may waive some fees and entitle the account holder to further perks…
Hidden Bank Fees Top Complaint List For Consumers
– ratesupermarket.ca
What is the definition of a “good” bank? One that that doesn’t charge extra fees, according to Canadian consumers. A recent study released by Leger Marketing for PC Financial reveals 71 per cent of survey takers are fed up with hidden bank fees, saying they’re the biggest lender turnoff.
Another 42 per cent take issue with “surprise costs”, and no wonder – being charged to access your money adds insult to injury. If you’ve ever wondered why your chequing balance is lower than it should be, only to find a random “excess Interac” or “performance fee” on your usage statement, you can attest to the frustration.
Consumers Are Willing To Switch
While Canadians are known for being loyal and hesitant to switch from their home banks, the quest for fee-free banking is prompting a reversal of this behaviour – 83 per cent of consumers are heading online to seek out more affordable options. If you’re on the hunt for a new chequing account, be sure to check off the following:
How To Pick The Best Chequing Account
Is there a minimum balance? While most chequing accounts won’t require you to maintain a minimum balance, doing so may waive some fees and entitle the account holder to further perks…
