Which bank do you use?

[Vmack]

Now that I'm done school, trying to decide what bank I should go with for my day to day banking services.

I've looked/asked on other forums, everyone really advocates Tangerine and PCF. I have PCF right now and have used Tangerine in the past, nothing against them, but I wonder if its worth getting something at a Big 5 bank and holding the minimum to waive fees or paying whatever per month for it.

[killramos]

RBC

[ZenOps]

Presidents choice is underwritten by CIBC.

https://en.wikipedia.org/wiki/Presid...oice_Financial

Which means, its basically no frills CIBC without the in person tellers.

[cosmok]

PCF seems decent if you live near a Superstore and are willing to purchase fuel and groceries from there.

[The_Penguin]

Go with a "real" bank. RBC BMO CIBC...

I sold my Jeep GC to a guy who banked with PC.

I said, "get a certified cheque", he said "can't".
"Bank draft?" "Nope".

"I'll write you a cheque, when it clears I'll pick up the Jeep."

Took over 2 weeks.

I'll pay a few $ a month to actually be able to do normal banking things.

[bjstare]

I do almost all my banking through TD, and I'm happy with them. Just keep a minimum balance in your acct and you don't have to pay for anything (free infinite visa, free bank draft, free cheques, etc etc). That and the fact that they're open til 8, and open Saturdays. I don't have to go into the branch much, but you better believe I'm not gonna be happy if I have to take time out of my work day to do it (looking at you RBC).

[killramos]

^ There are like a dozen RBC branches open on Saturdays in the city now

[schocker]

I use first calgary, not many locations but that is OK. Can withdraw from servus and I can deposit cheques with the app.

[bjstare]

Originally posted by killramos
^ There are like a dozen RBC branches open on Saturdays in the city now

Yeah, just checked there's tons haha. Guess I'm outta the loop.




Having said that, I have an RBC westjet mastercard and they dicked me around with making me pick it up when I actually didn't have to. Guess I'm bitter about that haha.

[Calgaryrocky]

Come to First Calgary!

We have a No Fees For Me account.

honestly just a no strings attached free chequing account for daily banking.

[doomdealer]

Originally posted by The_Penguin

I sold my Jeep GC to a guy who banked with PC.

I said, "get a certified cheque", he said "can't".
"Bank draft?" "Nope".

I bank with PCF myself and your 'guy' had no idea what he's babbling about.

It's definitely possible to get a bank draft from PCF through CIBC. It costs like $25 and takes about 1-3 business days. The process is a pain:

- call up PCF customer support and ask for a bank draft
- they let you specify which CIBC branch to pickup the draft from, but once you choose a branch location, you MUST go to that branch
- they then give you your unique order ID #
- you wait 1-2 days, then proceed to said CIBC branch location
- give them your unique order ID #
- politely decline the standard CIBC pitch to open a bank account there instead of using PCF one
- pickup draft and it's done

I've gone through the above process multiple times now with previous vehicle and home purchases.

For everyday type banking, I love PCF. The hassle of getting bank draft is a turn-off, but it's not like I do that frequently enough to warranty a banking change.

[masoncgy]

I used to bank with TD for years... but I switched to Scotiabank about 10 years ago when TD was hesitant about giving a paltry $5K line of credit whereas Scotiabank handed it over without question. I closed all of my accounts at TD and moved everything over. I've been a happy customer ever since.

[jwslam]

Originally posted by killramos
^ There are like a dozen RBC branches open on Saturdays in the city now

Maybe I'm blind... what RBC account is no-fee (even with min balance)?

Also, TD is open sundays

[eblend]

Originally posted by doomdealer


I bank with PCF myself and your 'guy' had no idea what he's babbling about.

This. I have been with PC since I was 16 or something like that...31 now, and been my main bank for everything. Bought two cars through them. I actually got my bank draft within 2 hours every time I called.

Also, someone mentioned PC for shopping and banking and stuff, no need really. Can go to any CIBC ATM for money, deposits ect. If you use your PC card for fuel at superstore you get 7c off per L. Free cheques too if you need em.

There really isn't anything that I do day to day that PC can't do for me. I also have RRSP with them and TFSA. Holding a minimum balance isn't free banking...you don't get any interest on that amount as it has to be in your chequing for it to cound, which will earn you nothing at all.

[ExtraSlow]

I use RBC, for pretty much everything but the mortgage.
Have credit cards through them, three CAD bank accounts, one USD bank account, LOC, and a couple of investment accounts.

Have been happy with them, would recommend.

[killramos]

Originally posted by jwslam

Maybe I'm blind... what RBC account is no-fee (even with min balance)?

Maybe I'm blind, but i never once said they did.

I'm on VIP banking which more than pays for itself based on my annual usage so idgaf

[Squishy]

BMO

[nykz]

I use RBC for my day to day, was with TD as a student but decided to make the switch last year. Still have a TD account open with some cash in a savings account simply for the abundance of TD ATM's everywhere.

[jwslam]

Originally posted by killramos
Maybe I'm blind, but i never once said they did.

I'm on VIP banking which more than pays for itself based on my annual usage so idgaf

Originally posted by Vmack
I wonder if its worth getting something at a Big 5 bank and holding the minimum to waive fees or paying whatever per month for it.

New grad with probably little money. Why are you recommending he pay money to a bank which is going to charge him for the same services he can get for free elsewhere?
(Yes. Total TD advocate here)

[dj_rice]

I has PC Financial for main banking. Been with them since I worked there as a lad, so my accounts been open forever. Been collecting the PC Points since then, got like 290K in points = $290 in groceries. It works for me. Everything is free.


I use RBC Signature No Limit Banking only for my mortgage and RRSP. Probably going to downgrade to a free account since pointless paying $8.95 every month when I don't use. Also have my HELOC with them and a Avion Visa Card. They messed up and signed me up for the card but I never use it and pay the $110/year fee or whatever. Probably going to cancel it.