Currently I got account with TD Canada, but their fees are too much. They charge you at every opportunity.
In USA, lot of banks offer free banking if you maintain the enough Balance ($1000).
Anyone suggest me good bank with less fees or better free banking in the GTA area?
Are you talking about business account? Then probably you have to pay some money every month and if you exceeds your limit you have to pay more.
On personal accounts, I have scotia money master, and if you maintain some balance you don't have to pay anything. They also have Powerchecking with same feature.
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A Proud Indian Canadian
I am talking about Personal account, Business account and US Dollar account.
What's the monthly fee for your Scotia Money Master? What's the minimum balance requirement?
I don't remember anything at this time - but will check past statements and let you know.
Better to check the web site - not sure they are having enough information or not.
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A Proud Indian Canadian
I found this.
President Choice Financial (Amicus bank) which is in Fortinos stores.
They offer no fee bank account.
More info:
http://www.banking.pcfinancial.ca/en_ca/templates/accounts_and_products/daily_banking.jsp
I think this President Choice is very aggresive.
I got good mortgage rate from BMO, but recently I noticed that PC is also giving very good rate - 4.95% fixed for 5 years. I never show anybody advertising such a low rate.
Usually their posted rate is different than the negociated rate - so I think their rate rate should be much lower!
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A Proud Indian Canadian
CIBC offers no service charge in personal accounts if u maintain $1000 balance.
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Sunil Sharma, P.Eng.
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