New bank fees target kids’ accounts and allow ‘double-dipping,’ say customers
RBC says new fees ‘cost of doing business’
By Rosa Marchitelli, CBC News Posted: Apr 29, 2015 5:00 AM ET Last Updated: Apr 29, 2015 9:51 AM ET
Want a better deal and money directed where you want it to go? Join a credit union! Stop these banksters in their tracks..they make record profits, pay almost nothing for interest on your savings, and now apparently their billions in profits aren’t enough..
This kind of idiocy is right up there with voting in the federal Cons or BC Libs, despite solid proof that they will do nothing for anyone that isn’t part of the 1%…
The ‘cost of doing business’ is the catchphrase that bites, the ‘gift’ that keeps on giving…headaches, that is…why anyone anywhere still is willing to deal with these ripoff artists is beyond belief..
Imagine that you are at a carnival, and you give some huckster $5 to try your luck at winning a prize..congrats, you win, but no, there is an additional ‘fee’ for your poorly-constructed, thrown- together teddy bear..let’s call it a winner’s obligation…and it turns out, once you’ve proudly walked around the carney ‘s booth with your ‘prize’ there is an additional charge to actually leave the grounds with it, not to mention taxation on your winning…you’d scream bloody murder, wouldn’t you?
Your bank takes your money, pays you nothing for ‘handling’ your cash, but in fact charges you to remove it from their premises, loans it out and makes massive profits,and then tells you that paying for the privilege of allowing them to make money with your money while you make nothing, despite their protestations that the ‘cost’ of doing business is going up. out of necessity, is the good and proper way of doing business…
Anyone who continues to bank with the Big Five here in Canada deserves, richly, what they are getting…you might want to point out to your bank manager that, at the very least, they could take you out for dinner before you get screwed…..