Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Achieva Financial Review: Digital Banking from the Heart of Canada Dec 18th
Canadians are fortunate to have so many choices regarding no-fee online banking and high-interest savings accounts. Names like Tangerine, EQ, and Simplii have become commonplace, to mention just a few. But if you’re shopping around for a digital bank to deal with, there’s another name you can ad.... More »
TD Cash Back Visa Card review Oct 28th
There isn’t much that rings sweeter than cash in your pocket, which is precisely the allure of the cash back credit card. Canada’s Big Five banks (and many smaller ones too) offer a wide range of credit cards that allow you to accumulate cash rewards simply by using them. And to maximize those r.... More »
Bank accounts, crypto wallets associated with protest convoy frozen: Freeland - Canada News - Castanet.net + MORE Feb 17th
Bank accounts, crypto wallets associated with protest convoy frozen: Freeland - Canada News Castanet.netBanks have started to freeze accounts linked to the protests, Freeland says CBC NewsTrucker convoy: Banks take action to cease financing CTV NewsFinancial institut.... More »
Prepaid Credit Cards vs. Prepaid Gift Cards Apr 23rd
If you’ve ever had to shop for “that” person in your life — the one who already has everything — you know that gift cards can be a lifesaver. They’ve been around for almost 26 years, growing into an essential part of any retail business.
More recently, prepaid gift cards branded with pa.... More »
'It’s about the customers:' Canada's big banks defend adoption of Apple Pay May 28th
Apple may be partnering with Canadian banks with its payment service, but that could mean revenue loss for the financial establishments
.... More »
Fighting Back Against Fees
– ratesupermarket.ca
When it comes to hidden surcharges and fees, Canadians are seeing red – and it’s no wonder, as our nation’s big banks have amped costs and cut back on services, according to a recent study. But it’s not all bad news – an ATM network provided by Canada’s alternative lenders and credit unions is expanding to bring fee-free cash access to thousands more. Read on for the full story.
Canadians Are Less Satisfied With Their Banks – JD Power
How happy are you with your bank? If the answer is “less than enthralled”, you’re not alone: the 10th edition of J.D. Power’s Canadian Retail Banking Customer Satisfaction Study finds Canadians overall are less content with their lenders than they were last year. Fees and a reduction in services top the list for consumer complaints. Get our full breakdown.
Read Penelope’s Blog | Canadians Are Less Satisfied With Their Banks
How An Income Suite Can Help You Qualify For a Mortgage
Buying a home with a rental income suite is a popular tactic for many new owners…
Greek stocks see small gains as banks recover from crash
– theglobeandmail.com
Moves signal further calming on the bourse, which saw the Greek banking index crash 63 per cent on the first three days of the week
Fighting Back Against Fees
– ratesupermarket.ca
When it comes to hidden surcharges and fees, Canadians are seeing red – and it’s no wonder, as our nation’s big banks have amped costs and cut back on services, according to a recent study. But it’s not all bad news – an ATM network provided by Canada’s alternative lenders and credit unions is expanding to bring fee-free cash access to thousands more. Read on for the full story.
Canadians Are Less Satisfied With Their Banks – JD Power
How happy are you with your bank? If the answer is “less than enthralled”, you’re not alone: the 10th edition of J.D. Power’s Canadian Retail Banking Customer Satisfaction Study finds Canadians overall are less content with their lenders than they were last year. Fees and a reduction in services top the list for consumer complaints. Get our full breakdown.
Read Penelope’s Blog | Canadians Are Less Satisfied With Their Banks
How An Income Suite Can Help You Qualify For a Mortgage
Buying a home with a rental income suite is a popular tactic for many new owners…
Dozens line up at Moldovan banks scheduled to close after disappearance of up to $1.5 bln
– canadianbusiness.com
CHISINAU, Moldova – Dozens of people lined up Friday outside three banks in Moldova that are scheduled to be closed after the disappearance of up to $1.5 billion last year.
The governor of the Moldovan central bank, Dorin Dragutanu, said Thursday the state-owned Savings Bank, the Social Bank and Unibank, which have a combined 2 million accounts, will be liquidated by October. Customer accounts will be moved to other banks.
Up to $1.5 billion disappeared from the banks’ finances before general elections in November. An unpublished parliamentary report said some of the money was transferred to Russian banks.
The Social Bank and Unibank are funded by both Moldovan and Russian investors.
Dragutanu sought to reassure Moldovans that their money was safe, yet dozens lined up at the banks Friday. More than 3,000 people are expected to lose their jobs.
The central bank on Friday banned the banks from opening any new current or savings accounts, effective immediately.
Many retirees get their pensions from the Savings Bank…
The governor of the Moldovan central bank, Dorin Dragutanu, said Thursday the state-owned Savings Bank, the Social Bank and Unibank, which have a combined 2 million accounts, will be liquidated by October. Customer accounts will be moved to other banks.
Up to $1.5 billion disappeared from the banks’ finances before general elections in November. An unpublished parliamentary report said some of the money was transferred to Russian banks.
The Social Bank and Unibank are funded by both Moldovan and Russian investors.
Dragutanu sought to reassure Moldovans that their money was safe, yet dozens lined up at the banks Friday. More than 3,000 people are expected to lose their jobs.
The central bank on Friday banned the banks from opening any new current or savings accounts, effective immediately.
Many retirees get their pensions from the Savings Bank…
