Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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The Best High-Interest Savings Accounts in Canada Mar 11th
In recent years, Canadian banks and credit unions have introduced savings accounts that offer higher rates of interest, in an effort to entice clients to deposit more funds with their respective institutions.
These high-interest savings accounts come with a number of features and benefits, such as b.... More »
Gunpowder horn believed owned by Alexander Hamilton is going up for auction Dec 27th
TRENTON, N.J. – A New Jersey dentist believes an engraved piece of cow horn that goes up for auction next month symbolizes the American dream for a man who was key to the founding of the United States and is now the focus of a blockbuster hip-hop Broadway musical.
A descendant, an arms apprais.... More »
Moldova: 20,000 stage anti-govt protest for 8th day, demand probe into missing $1.5 billion Sep 13th
CHISINAU, Moldova – Some 20,000 people protested Sunday against Moldova’s government for the eighth straight day, demanding a probe into the estimated $1.5 billion that disappeared from three Moldovan banks last year.
Speaking Romanian and Russian, protesters in Chisinau, the capital, de.... More »
Scotia Momentum® VISA Infinite* Review May 15th
Attention MoneyWise readers! Sign up for the Scotia Momentum® VISA Infinite* card and, for a limited time, get $75 IN CASH via Interac e-Transfer or a gift card from RateSupermarket.ca upon approval!
Are you looking for a well-rounded, high-earning cash back credit card with travel perks and no a.... More »
Scotiabank Launches eHOME; Moving Entire Mortgage Application Process Online + MORE Mar 29th
As banks and financial institutions are looking for new ways to simplify daily banking and provide access to more products and services online, Scotiabank recently launched an online mortgage service called eHOME.
The new service allows Scotiabank customers to fill out a mortgage application online.... More »
Bank Bashing, the Modern Nero's Fiddle
– online.wsj.com
Dodd-Frank and a rash of bank prosecutions have done nothing to make banks safer or more productive.Royal Bank backs off on fee change for payments
– moneysense.ca
(Roberto Machado Noa/Getty Images)TORONTO – The Royal Bank is backing off on its plan to charge customers a fee to make credit card, loan and mortgage payments under certain circumstances.
The big bank (TSX:RY) says it has listened to client feedback and reversed its original decision to include those transactions in a customer’s monthly limit of free debit transactions.
The change means mortgage and loan payments, investment contributions and credit card payments will not count towards a customer’s monthly limit.
Customers who have accounts with unlimited debit transactions would not have been affected.
Royal Bank was widely criticized for the new charge that was part of a broader change to the fees it charges customers.
The NDP has called on Ottawa to ban so-called “pay-to-pay” fees by Canada’s big banks.
The post Royal Bank backs off on fee change for payments appeared first on MoneySense.
RBC forced to scrap fee changes after backlash
– theglobeandmail.com
New Democratic Party MP Andrew Cash has called on Ottawa to end the so-called “pay-to-pay” practices among banks and others
