siuying said:i'm on the boat with coast capital too and loving it so far..=) and don't make fun of this peter..
lazyGUY said:Im with Td rite now and since im still 18 i dont get charged...but wut time does coast capital close? cuz i know tds always open late
lazyGUY said:can i open a new account, withdraw the 50, and cancel the account without incurring any major fees
randomuser said:I've been with TD for 5-6 years and these assholes charge me 12.50 or so a month plus random fees for online transactions that are not clearly layed out.Anyway, do banks have retention departments? My friend is telling me I should switch to a credit union where there are no monthly fees, do you think if I threaten to leave theyll offer any leverage?
randomuser said:the TD student account doesnt suit my needs i do too much banking so i exceed the transaction limitim calling td tomorrow, vancity and coast capital are offering way better plans
meesh said:i used to have TD until they kept effing up, charged me for cheques i never ordered and a lot of "other fees" added on. for now i'm using HSBC direct savings but it's pretty much a chequing account but i get the interest. all of it is done online since i don't usually do branch banking anyway.
sukjin86 said:I work for TD Canada Trust. Bank fee's are apart of everyday banking. All big banks pretty much have the same fees when averaged out. There's no such thing as a 'cheaper checkings account'. Unless you keep 5grand in your checkings account, you're gonna get charged fees.With TD all you guys should have the free students checkings account. Understanding the fees is key in keeping them at a minimum.To answer the question on TD's 'fees':Checking account fee: The student account is free. There is no fee for the actual account. The 12.95 fee that the person who started this post is on the INFINITY checking account, which allows unlimited transactions. You should change to the free student account.Withdrawal Fees: The student checkings account has allows 25 transaction per month. Thats like an average of 1 transaction per day. Meaning that if you use your debit card to see a movie, and buy coffee, thats counted as 2 transactions. Internal transfers, such as TD visa payments, etc don't count as transactions. After the allotted 25 transactions, you get charged 65 cents for each one over. Other Banks Fees: This is the fee that kills people because they don't know where it comes from. If you pull out money from an ATM thats not TD, u get charged 1.25-2.00 depending on which ATM you pull money out of right off the bat, and then at the end of the month, TD charges you 1.50 for the withdrawal. This fee covers interac network fees. All banks charge you this fee. So, in reality, if you pull out 20$ from an ATM, it really costs you 3.00 to pull it out. To Avoid these 'other bank fees' just you your debit card, or keep the withdrawals from other ATMs at a minimum.other fee's include: (you shouldn't get charged these unless you really fuck up)NSF Fee: If you write a bad check, and it bounces, you get charged $42.50. If you have pre-authorized debits (fitness clubs, insurance, car payments, mortgage payments, automatic transfers), and if you don't have enough money in your account when the transaction goes through, the NSF fee is $5 or $42.50 depending on what kind of transaction it is.ODP or PODP Fee If you have overdraft protection on your account, you either pay 3.00 a month to have this feature, or you pay 5.00 for everytime you go negative. You can change the payment option depending on how often you go negative. My recommendation for this one is, GET RID OF OVERDRAFT unless you write alot of cheques. Attached with this fee isODP Interest Overdraft protection is a credit product. The interest on this one is 21%.. higher than an credit card interests. If you're constantly negative, ZERO OUT YOUR ACCOUNT AS SOON AS POSSIBLE and get rid of the overdraft.If you guys have any further questions, or need help choosing/changing your checkings accounts, msg me or you guys can come see me on days I work to work out a better plan. I'm working at the west broadway and waterloo branch. No one should be paying fee's they shouldn't be paying, and one of my goals is to prevent clients from paying more than they have to
sukjin86 said:If withdrawal fees are greater than $12.00, change to the INFINITY ACCOUNT, you'll save money that that way.
Magnificent_Bastard said:This is why I urge people who do simple banking, (ie student account), to just go with PC Financial. It's absolutely free, no catch, no limits on transactions. The reason they don't charge fees is because they have minimal operating fees. No branches and no tellers. Seriously, why have to limit yourself to 25 debit transactions a month? I probably do 3-4 a day.
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