Bank Fees
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Tired of banking fees? Ottawa pushes for more no-, low-cost accountsFinance Minister Chrystia Freeland announced a suite of banking initiatives aimed at easing the cost of living crisis, with an eye toward the fall economic update.MoneyOct 17, 2023
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‘A money grab’: As big banks raise fees, experts say Canadians have optionsMany of Canada's major banks have rolled out or announced higher fees on some chequing accounts. Here's what's happening.MoneyJun 2, 2021
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This is the mind-boggling amount of money Canadians pay in bank feesA new report by Ratehub.ca estimates how much Canadians of different ages have been paying in chequing account charges over their lifetime.MoneyAug 23, 2018
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Hamilton demonstrators demand more affordable banking for everyoneMike Wood, the group's local chair, says it's currently cheaper to take out a payday loan that it is to overdraw your bank account.MoneyNov 30, 2017
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Four annoying things banks do, and whyBanks hold cheques and charge fees on all kinds of services. Here's what you can do about it.ConsumerDec 4, 2016
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CIBC to reimburse clients $73 million for 14 years of overchargingCIBC has agreed to compensate clients $73.3 million after collecting excess fees for certain mutual funds and investment services over 14 years.ConsumerOct 28, 2016
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One way banks are coping with oil crisis? Charging you moreTD Bank latest to impose account changes that will help keep profits up at Canada’s banks as they face rising pressure from the oil downturn.CanadaFeb 1, 2016
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Bank fees head north as economy goes southAmong the new fees at TD Canada Trust is a $5 charge to cancel an Interac e-Transfer. And if you want to transfer your TFSA to another institution, it will cost you $75.CanadaJan 19, 2016
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What recession? Royal Bank making more cash than everRBC's main domestic banking business hit another record profit in the latest quarter, revealing that an economic slowdown has yet to faze banks.CanadaAug 26, 2015
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U.S. bank giant Citigroup fined $70M for deceptive card feesU.S. bank Citigroup will refund $700 million to consumers and will pay $70 million in fines for illegal and deceptive credit card practices.ConsumerJul 21, 2015
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