The Money Mustache Community
General Discussion => Welcome and General Discussion => Topic started by: nereo on January 22, 2016, 01:54:36 PM
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Got this email today(sorry for the formatting) - more services that used to be free now cost money.
Now that I know I can avoid them, but still annoyed, especially that it costs money to cancel an e-transfer.
What’s Changing Current New
Non-TD ATM fee $1.50 $2
Fee to cancel an Interac® e‑Transfer $0 $5
Fee for holding a post-dated cheque
to be deposited in-branch¹ $0 $5
Transfer fee – for the transfer of a
TD Canada Trust Tax‑Free Savings
Account to another financial institution $0 $75 + tax
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Ugh, I closed down my BofA account last year (couldn't stand their service and fees) and opened up a new account with TD, but ugh to them too. Most of my banking is through PNC Virtual Wallet, which unfortunately does not have any physical locations near me. I wanted at least one account with a bank that had a local branch (mostly for depositing larger checks when that's necessary).
TD charged me a fee for getting paper statements (completely my fault for not opting out for two months, but COME ON). They also wanted to charge me when I tried to transfer money OUT of that account to my PNC account (I think they wanted $3 for a ~$100 transfer?). Are you freaking kidding me? I got around it by going through PNC itself, but again I say, COME ON.
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I closed all our TD accounts when they began charging to get a paper statement and opened new accounts at a local bank. They don't really care ... and they won't unless there is a mass exodus out of TD. Most people won't bother and will just pay the fees.
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I got that too and am so glad ... just switched most of my accounts to Tangering (former ING). No way I am shoving even more money in there...
That reminds me... I think the fee change is starting March 1 right?
Need to close my TFSA there... 75 bucks... ridiculous!