The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
Latest News
Tracking Receipts with the UGO Mobile Wallet + MORE Jul 19th
There’s been a lot of innovation in the banking space lately, an area that is typically resistant to change. Just recently, the big banks got on board and started offering Apple Pay. Now, innovators have introduced the UGO Mobile Wallet.
Today smartphones are so much more than just a phone. Users.... More »
By the numbers: Canada’s six biggest banks earned a combined $9.2 billion in Q3 + MORE Aug 28th
TORONTO – Canada’s six biggest banks earned a whopping $9.2 billion in combined profits during the third quarter ended July 31, even amid investor concerns about how the plummet in the price of oil and Canada’s contracting economy would weigh on the lenders’ bottom lines. Her.... More »
The best TD credit cards in Canada 2020 + MORE Aug 21st
Formed through a merger between financial giants Bank of Toronto and The Dominion Bank in 1955, TD is one of Canada’s most storied big five banks. It offers a wide array of financial services including an impressive portfolio of more than two dozen credit cards. We break down the best TD credit ca.... More »
Hurricane Gonzalo could land in Newfoundland early Sunday Oct 19th
ST. JOHN’S, N.L. – The Canadian Hurricane Centre is warning that Gonzalo could still be hurricane strength by the time it reaches southeastern Newfoundland early Sunday.
Meteorologist Bob Robichaud said there is about a 30 per cent chance of the storm making landfall on the southern Aval.... More »
4 New Customer Service Tactics Banks Are Trying + MORE Jan 19th
By: Barry Choi
Over the years the financial services industry has made strides to improve customer service. It seems like an eternity ago when we could only visit the bank on weekdays from 9 – 5. But as technology changes, so do the expectations of customers; offering convenience no longer guaran.... More »
65% of Banking Customers Want Better No-Fee Options
– ratesupermarket.ca
The biggest banking woe of Canadians isn’t branch hours or interest rates – but fees.
According to recent research by Leger for Presidents Choice Financial, 71 per cent of people see bank fees are their number one frustration when it comes to banks, followed by surprise costs (42 per cent) and time spent waiting for service (25 per cent).
Customer Frustration is Growing
Those fees are earning banks a dismal score from consumers. Seventy nine per cent of the nearly 3,000 Canadians polled for the research said that a good bank is one that saves them money or offers no fee banking – but only 35 per cent feel that their bank is offering solutions.
In a statement released by PC Financial: “Canadians are busier than ever and are looking for ways to make daily life simpler and more affordable, but banking is becoming more complex, and more expensive. It’s no wonder that bank fees are one of the top frustration for Canadians.”
Look For No Fee Alternatives
It’s not impossible to find a bank that offers low fees…
What Europe Can Learn From the U.S. Bank Crisis
– online.wsj.com
Stress tests will not be credible until the European Stability Mechanism can directly recapitalize banks.65% of Banking Customers Want Better No-Fee Options
– ratesupermarket.ca
The biggest banking woe of Canadians isn’t branch hours or interest rates – but fees.
According to recent research by Leger for Presidents Choice Financial, 71 per cent of people see bank fees are their number one frustration when it comes to banks, followed by surprise costs (42 per cent) and time spent waiting for service (25 per cent).
Customer Frustration is Growing
Those fees are earning banks a dismal score from consumers. Seventy nine per cent of the nearly 3,000 Canadians polled for the research said that a good bank is one that saves them money or offers no fee banking – but only 35 per cent feel that their bank is offering solutions.
In a statement released by PC Financial: “Canadians are busier than ever and are looking for ways to make daily life simpler and more affordable, but banking is becoming more complex, and more expensive. It’s no wonder that bank fees are one of the top frustration for Canadians.”
Look For No Fee Alternatives
It’s not impossible to find a bank that offers low fees…
