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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How to Use Your Credit Card While Travelling Nov 27th
Don’t forget to think about money when planning your next trip. While organizing flights, hotels, and vaccinations are all essential, getting your credit cards in order before taking off can save you a lot of money. A little preparation can go a long way.
Make Sure Your Credit Cards .... More »
Coast Capital Savings Credit Union Review Nov 13th
Coast Capital Savings is a BC-based credit union with a long history dating back to the 1940s. As a federally chartered credit union, it has expanded its services to members across Canada, offering a wide range of personal banking products and services.
If you’re unfamiliar with Coast Capital,.... More »
How GICs can help you save for your short-term goals Nov 23rd
Let’s talk about short-term savings. By short-term, we’re talking about putting away money for a few months, or even a few years, for a big goal, like a vacation, a wedding or a down payment on a home. Where should you put your savings so they’ll be secure and work for you?
When saving,.... More »
Best FHSAs in Canada: Where to get the first home savings account + MORE May 2nd
Canadians can now boost their savings for a down payment on a home with a first home savings account (FHSA). The account, also referred to as the tax-free first home savings account, creates up to $40,000 in tax-free savings room for first-time home buyers. To date, more than 300,000 Canadians have .... More »
Two central banks, one alternative fact and 3/4 of a dollar: The loonie this week Mar 19th
Watch the Canadian dollar as the Federal Reserve, Bank of Canada are on show
.... 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
