Canadian Banks are getting some hate from the international community. Why? They are too good. We give banks a lot of stick around here too, but everyone has to admit that our hyper-conservative banking industry, what with an oligopoly and fees + fees for everything at least isn’t collapsing around us. Way to go! (?) [...]
Yeah technically they are a bank. They don’t have “bank” in their name, they don’t have ABM machines, nor debit cards, but they are CDIC insured up to $100,000 just like BMO, CIBC, Royal, TD, Scotia et al. And more and more I am impressed with the “virtual banking” nature of ING. Back in October [...]
Canadians – have you heard about Tax Free Savings Accounts? They are a new creation by the Government which allows saving after tax money, tax free, starting Jan 1/09. In my opinion, in 20 years these will be much much more important then RRSPs. You have $5,000 of TFSA room per year added every year [...]
Frustrated with my Bank.. Nothing new there, I’m pretty sure everyone is frustrated to some extent with their bank. But here’s my quick snapshot. Bank of Montreal (BMO), been with them for over 20 years. I’m simply a number in their database. I have several accounts, including business accounts. Over the years I’ve dealt with [...]
