Quantcast
Which Bank do you use? - Page 5 - Beyond.ca - Car Forums
Page 5 of 5 FirstFirst ... 4 5
Results 81 to 100 of 100

Thread: Which Bank do you use?

  1. #81
    Join Date
    Jul 2010
    Location
    Technically the NE
    My Ride
    C63S + AT4
    Posts
    4,130
    Rep Power
    17

    Default

    Private banking at RBC is 250k investments I believe. And it’s far from free.

    No idea where this 100k to not pay fees comes from?

    Retail banking is very profitable across the board, they all get their pound of flesh somehow. Go with whatever bank makes you feel the least ripped off.

    Edit: Private does seem to be listed as a million now, swear it was 250k before.
    Last edited by killramos; 04-13-2018 at 02:50 PM.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.

  2. #82
    Join Date
    Jan 2008
    Location
    Cruising the +15
    My Ride
    100% SAVAGE
    Posts
    6,079
    Rep Power
    26

    Default

    Quote Originally Posted by Disoblige View Post
    This quote is hidden because you are ignoring this member. Show Quote
    That's too bad. RBC might make you feel like a VIP, but aren't you paying $19.95 a month for something TD offers for FREE?

    That in itself is robbery.

    Keep $5k in my account at all times, or pay $19.95 a month? Answer is pretty simple to me, especially if you like beer.
    agree. I'm sure that td had that program back then, but they sure didn't sell me on the benefits.

    Most people who think they will keep the $5k in the account will slip up a few times a year, and end up paying significant fees when they do. So you are foregoing the little bit of interest yiur 5k could have earned, and paying some fees.
    Double-meat sub dreams.

  3. #83
    Join Date
    Apr 2009
    Location
    Unemployment Line
    My Ride
    GMT900
    Posts
    2,660
    Rep Power
    13

    Default

    Just switched from TD to BMO, had a bunch of fraud issues at TD and this was the only sure way to stop it.

    BMO still waives the account fees and credit card annual fee with minimum balance, the cash back CC vs. travel points isn’t a big difference. BMO did give me a unsecured LOC 8x what TD did and beat their rate by like 3%, even though I never use the thing.
    See Crank. See Crank Walk. Walk Crank Walk.

  4. #84
    Join Date
    May 2002
    Location
    Calgary
    Posts
    1,090
    Rep Power
    19

    Default

    Quote Originally Posted by killramos View Post
    This quote is hidden because you are ignoring this member. Show Quote
    And it’s far from free.
    Just looked it up and it seems to be the exact opposite. $100/month in fees, lol.
    Originally posted by max_boost
    Hey baller, any problem money can solve is no problem at all. Don't sweat it.

  5. #85
    Join Date
    Apr 2004
    Location
    Calgary
    My Ride
    2013 Q5
    Posts
    1,659
    Rep Power
    17

    Default

    i consider the 5-6k i keep in my chequing account as part of my emergency fund. if i didn't keep it in my chequing account, it would be in a basic savings account which only pay like 1% interest anyways so don't really feel like i'm missing out on much interest/gains with by keeping cash in chequing to get the free premium plan.

  6. #86
    Join Date
    Jul 2010
    Location
    Technically the NE
    My Ride
    C63S + AT4
    Posts
    4,130
    Rep Power
    17

    Default

    So if the balance drops below 5k at any point in these accounts boom fees?

    - - - Updated - - -

    Quote Originally Posted by Strider View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Just looked it up and it seems to be the exact opposite. $100/month in fees, lol.
    I know a few people who use it, it’s really not for everyone and it’s more about financial planning than anything.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.

  7. #87
    Join Date
    Apr 2004
    Location
    Calgary
    My Ride
    2013 Q5
    Posts
    1,659
    Rep Power
    17

    Default

    Quote Originally Posted by killramos View Post
    This quote is hidden because you are ignoring this member. Show Quote
    So if the balance drops below 5k at any point in these accounts boom fees?
    Yup, with BMO it's 6k for the premium plan and if at any point your account gets below, even 5999.99, you pay the $30 fee.

    FWIW, it's only happened to me once in the past 3 years... if you can plan well and have a good idea of all payments going in and out of your chequing it's not too hard to do.

  8. #88
    Join Date
    May 2002
    Location
    Calgary
    Posts
    1,090
    Rep Power
    19

    Default

    Quote Originally Posted by killramos View Post
    This quote is hidden because you are ignoring this member. Show Quote
    So if the balance drops below 5k at any point in these accounts boom fees?
    - - - Updated - - -
    I know a few people who use it, it’s really not for everyone and it’s more about financial planning than anything.
    I thought financial planning, etc was handled on the DS / wealth management side. It looked like private banking was more about business financing, lending/credit needs, and a black card.


    $29.95 fee if your TD balance drops below $5k for even 1 day in a month... but they'll usually waive it if you ask.
    Last edited by Strider; 04-13-2018 at 05:47 PM.
    Originally posted by max_boost
    Hey baller, any problem money can solve is no problem at all. Don't sweat it.

  9. #89
    Join Date
    Jul 2010
    Location
    Technically the NE
    My Ride
    C63S + AT4
    Posts
    4,130
    Rep Power
    17

    Default

    Maybe financial management is a better word than planning.

    Like not paying your own bills haha
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.

  10. #90
    Join Date
    May 2007
    Location
    Edmonton
    My Ride
    FERD RS
    Posts
    1,330
    Rep Power
    14

    Default

    I was with TD for 20+ years when I was a kid, then recently moved over to RBC in the past 3 years. TD's fees were getting crazy over petty stuff, I had enough. RBC has been great.

    RBC for day to day banking, direct investing and visa (payroll gets deposited into)
    Tangerine for home expenses.

    I am trying to convince myself it's a good idea to move all my assets to Tangerine, as I'm a big fan of their model of no fees and they pay you interest (albeit pennies).

  11. #91
    Join Date
    Jan 2008
    Location
    Cruising the +15
    My Ride
    100% SAVAGE
    Posts
    6,079
    Rep Power
    26

    Default

    Not often, but occasionally it's handy having a big bank. Buying a vehicle it's cool to have decent weekend hours and a branch close to the point of sale.
    Double-meat sub dreams.

  12. #92
    Join Date
    Sep 2016
    Location
    Calgary, Ab
    My Ride
    Zonda CRV
    Posts
    560
    Rep Power
    4

    Default

    Im at TD, Credit card at Tangerine and slowly shifting RRSP over them too.

  13. #93
    Join Date
    Apr 2008
    Location
    Stampede Central
    My Ride
    is easy to spot
    Posts
    1,748
    Rep Power
    14

  14. #94
    Join Date
    Apr 2006
    Location
    Cowtown
    My Ride
    10' 4Runner SR5
    Posts
    5,983
    Rep Power
    22

    Default

    I'm going to start looking more closely at where to change my chequing account to since my student deal is going to expire here soon. Almost all my banking transactions are online these days and want bare-bones features.
    Follow me on Instagram and Facebook!

  15. #95
    Join Date
    Jul 2004
    Location
    Calgary
    My Ride
    FB6
    Posts
    682
    Rep Power
    16

    Default

    Quote Originally Posted by msommers View Post
    This quote is hidden because you are ignoring this member. Show Quote
    I'm going to start looking more closely at where to change my chequing account to since my student deal is going to expire here soon. Almost all my banking transactions are online these days and want bare-bones features.
    I've been contemplating depositing paychecks into EQbank instead of TD and just transferring it out when I need it cash. EQ basically has unlimited transactions it can do pretty much everything in a "savings" account except getting cash. You can just get a bare bones free account at some other bank for cash. EQ's 2.3% interest is better than zero interest in chequing accounts and the 0.15% interest savings accounts that most large banks offer.

  16. #96
    Join Date
    Sep 2012
    Location
    Calgary, AB
    Posts
    551
    Rep Power
    9

    Default

    Simplii for day to day.

    Pick whatever is best for you for CC. Get a LOC somewhere so that you have teller access.

  17. #97
    Join Date
    Apr 2006
    Location
    Cowtown
    My Ride
    10' 4Runner SR5
    Posts
    5,983
    Rep Power
    22

    Default

    Quote Originally Posted by realazy View Post
    This quote is hidden because you are ignoring this member. Show Quote
    I've been contemplating depositing paychecks into EQbank instead of TD and just transferring it out when I need it cash. EQ basically has unlimited transactions it can do pretty much everything in a "savings" account except getting cash. You can just get a bare bones free account at some other bank for cash. EQ's 2.3% interest is better than zero interest in chequing accounts and the 0.15% interest savings accounts that most large banks offer.
    I use EQ now as a savings vehicle. It works great because it takes several days to have the money transfer back to my main account so it impedes my impulse buying! Not sure if this is a problem for day-to-day stuff like paying bills etc.
    Follow me on Instagram and Facebook!

  18. #98
    Join Date
    Jul 2004
    Location
    Calgary
    My Ride
    FB6
    Posts
    682
    Rep Power
    16

    Default

    Quote Originally Posted by msommers View Post
    This quote is hidden because you are ignoring this member. Show Quote
    It works great because it takes several days to have the money transfer back to my main account so it impedes my impulse buying! Not sure if this is a problem for day-to-day stuff like paying bills etc.
    I'm surprised it's so slow. EQ to TD push transactions show up the next morning for me, same with payments to Questrade, TD Visa, etc. Its faster than payments using TD.

  19. #99
    Join Date
    Sep 2004
    Location
    Calgary
    My Ride
    2017 Civic Hatch ST
    Posts
    9,629
    Rep Power
    27

    Default

    TD my entire life, since the bank-booklet days that recorded my pathetic balances.

    Never had a reason to switch or look to switch really. Nothing sits in an actual bank account for too long anyway.

  20. #100
    Join Date
    Jan 2019
    Location
    Calgmonton/AB
    Posts
    242
    Rep Power
    0

    Default

    I'm at the Boyal Rank.
    Not happy but not furious. I'd consider a switch to Scotia.
    Never will I ever CIBC.

Page 5 of 5 FirstFirst ... 4 5

Similar Threads

  1. Do you use EBAY? use this

    By evilution in forum General
    Replies: 11
    Latest Threads: 01-27-2005, 04:01 PM
  2. Which bank is best?

    By three33 in forum General
    Replies: 41
    Latest Threads: 07-09-2004, 12:14 PM
  3. Replies: 36
    Latest Threads: 01-17-2004, 10:03 AM
  4. Who do you bank with? I'm looking for a new bank

    By richardchan2002 in forum General
    Replies: 40
    Latest Threads: 11-23-2003, 07:55 PM
  5. Which mobile phone provider do you use?

    By gpomp in forum General
    Replies: 12
    Latest Threads: 06-19-2002, 01:17 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •