Personal Finance

Anyone else have bad experiences with Scotiabank?

  • Last Updated:
  • Dec 6th, 2018 10:57 pm
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Deal Addict
Jun 21, 2008
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Scotia is indeed an a$$backwards organization
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Aug 24, 2016
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anonguy123 wrote:
Dec 4th, 2018 8:33 pm
I again called them to do a balance transfer. I was on the phone (waiting for a representative) for over 22 minutes and still I was on hold.
Most people in today’s world would do this online in 30 seconds.....
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lhsonic wrote:
Jul 30th, 2018 6:54 pm
2. They bumped my ULOC rate from P+ 2.2% to P+2.8% arbitrarily. I know they're within their rights to do so.. but it doesn't leave you with much confidence to use their product as this represented a >25% rate increase when I'm in a better financial position than I was when they first offered me P+2.2.
Math wasn’t your strong area in school was it?
You may want to try that again.
A 0.6% rate increase is not “over 25%” rate increase.
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Oct 4, 2004
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coolintheshade wrote:
Dec 6th, 2018 8:51 am
Math wasn’t your strong area in school was it?
You may want to try that again.
A 0.6% rate increase is not “over 25%” rate increase.
Actually.. it wasn't, but clearly kindness isn't your strong area in life. I simply forgot to add the P in P+x while drafting a post on the internet- no need to use insults.
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lhsonic wrote:
Dec 6th, 2018 9:52 am
Actually.. it wasn't, but clearly kindness isn't your strong area in life. I simply forgot to add the P in P+x while drafting a post on the internet- no need to use insults.
Some people are just so sensitive on this forum.
I merely pointed out that your math is wrong, and you were making a big deal out of a minor thing.
While you harp about a half percentage rate increase, there are people that have reported much higher increases than that.
So you should feel lucky you didn’t see a 2%+ increase like others have.
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coolintheshade wrote:
Dec 6th, 2018 10:18 am
Some people are just so sensitive on this forum.
I merely pointed out that your math is wrong, and you were making a big deal out of a minor thing.
While you harp about a half percentage rate increase, there are people that have reported much higher increases than that.
So you should feel lucky you didn’t see a 2%+ increase like others have.
You must have misunderstood me. It's unnecessary to use an insult to "merely point out" incorrect math. Even if what you said is true ;)

I am not "harping" or making a big deal about anything. I am simply responding to the OP's question of "bad experiences with Scotiabank" so I came back with 3 such experiences of my own to share. If you'll continue reading, I also mention that my rate was "still very competitive" and that I continue to bank with Scotiabank because of the rate, the ability to consolidate limits, and because of the offers they constantly share.
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Sr. Member
Nov 8, 2017
627 posts
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I've never banked with scotia, but last summer I walked by a scotia atm, and it looked like a space panel from a Russian Rocket ship built in the 70s

Had a good laugh

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