Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
In the coming credit crisis, some Canadian banks will take a harder hit + MORE Aug 26th
The differences in how each bank has been lending will impact how they handle the bust
.... More »
U.S. banks benefit from postelection trading surge Jan 13th
Canadian bank earnings also expected to rise because of increased activity following Trump victory
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At midday: TSX dragged lower as financials lead declines; energy gains Jul 18th
Banks drag S&P, Dow lower; Netflix leads Nasdaq higher
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Torstar banks on app as replacement for dwindling print circulation Nov 2nd
The company that owns the Toronto Star newspaper will continue to funnel millions of dollars into its tablet app despite failing to muster the audience it hoped for since its launch more than a year ago..... More »
Why we pay so much for chequing accounts Aug 16th
The big banks typically have offerings costing well below $15, but extra service fees can pile up if you’re not careful
.... More »
What Are Credit Card Grey Charges?
– ratesupermarket.ca
A few months ago, I signed up for a free one-month trial of Netflix. I decided later that I would cancel it at the end of the month because I barely used it. But then I got busy and completely forgot about it – or I did until I saw the charge on my credit card for the next month.
$7.99 isn’t a lot of money, but if you’re like me, you hate seeing your money wasted. You don’t go to the grocery store and leave an extra $10 or $15 at the till, so why do we let so called “grey” charges remain on our credit cards for months or even years?
Also read: Should You Pay Bills With Your Credit Card?>
What Are Grey Charges?
Grey charges are the recurring payments that creep onto your credit card or bank account without you noticing. They’re subscriptions that you thought expired years ago but which actually auto-renewed. They’re free trials that converted to monthly fees. They’re basically any recurring charges that you don’t know about, forgot about, or would cancel if you could easily do so…
Fintech startups pose threat to traditional banks’ retail profit
– theglobeandmail.com
Global consultancy McKinsey & Co. suggests that new players will take over the customer relationship and sales opportunities
RBC, TD among top banks joining R3 fintech consortium
– theglobeandmail.com
Nine other banks had already signed up to the initiative, which represents the first time banks have collaborated on how the technology that underpins bitcoin can be used in finance
