Scotiabank Scrambles to Fix Credit Card Statement Errors Nov 8th

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Becoming “Later In Life” Parents Feb 4th

Life Insurance Needs For Older Parents In the past 25 years, there has been a growing trend to postpone parenthood until later in life. Many Canadians are choosing to focus on career, financial security, and other pursuits, before starting to raise a family. For those who wait until later in life to.... More »
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How to Save on Life Insurance + MORE Feb 20th

The brokers here at Baker & Baker Benefits have been helping Canadians get life insurance for several years now, and we enjoy passing on our knowledge and experience to the Canadian public. In keeping with this spirit, here are some insightful tips on how to save money when buying a Canadian lif.... More »
 commercial insurance

4 Low Risk Alternatives to Chequing Accounts Jan 27th

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Small Business Planning For The New Year Jan 15th

With a new decade upon us it’s a good time to evaluate your business. Begin the new year with a detailed business plan in place, as well as defining your goals. Go beyond the profit and loss figures; maybe it’s time to research using new suppliers, a new marketing strategy, etc. Use the.... More »
Scotiabank Scrambles to Fix Credit Card Statement Errors
On October 20, 2019, Scotiabank identified a technical error where legitimate charges on certain customers’ credit card statements were mislabeled as “BNS Scotia Life Insurance.” The mistaken charges all took place between October 18 and 20. Many customers were angry and took to social media to express their unhappiness. Scotiabank was responsive to customer complaints they received over social media.  
Make Sure to Check Your Credit Card Statements  
While Scotiabank’s mistakes are unsettling, they can serve as a learning opportunity. Always make sure to check your credit card statements against receipts of your purchases. While banks usually record transactions correctly, the Scotiabank incident shows that no bank is perfect.  
In addition to bank errors, you may find improper charges on your credit card statement if someone has gotten hold of your credit card information. In these cases, criminals may be able to use your credit card to make unauthorized purchases…

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