Student Account Plan at CIBC about to be expired. what is my next option?
im about to lose my student account plan at cibc due to its expiring soon. is there a better account where i dont have to pay any fees?
Jan 26th, 2012 4:46 pm
Jan 26th, 2012 5:36 pm
Jan 26th, 2012 6:09 pm
Jan 26th, 2012 6:12 pm
Jan 26th, 2012 6:19 pm
Jan 26th, 2012 7:36 pm
Jan 26th, 2012 8:07 pm
adeel wrote: ↑BMO Club Sobeys chequing would be a good fit i think:
• No monthly bank fees.
• No minimum account balance.
• Free daily banking, at BMO ABMs, online and by phone2:
• Unlimited debit card purchases anywhere
• Unlimited deposits and withdrawals
• Unlimited bill payments, transfers and account inquiries
• Free first book of cheques, upon request.
http://www.bmoclubsobeys.com/en/Chequin ... efits.aspx
Basically unlimited banking as long as you dont really use a branch (although deposits through tellers are also free..not sure about withdrawals)
Jan 26th, 2012 8:23 pm
Jan 26th, 2012 10:44 pm
dalmarinahaven wrote: ↑withdrawal at teller are also FREE the only thing costs are bill payment, interac e-mail transfer, extra cheques & nsf fees(which are avoidable if you take care), Yes bmo sobeys is amazing account if you need basic banking without your hard earned money exploited dollar per dollar fees. Joined since 25 OCT it came out havnt paid single $1 weird maintenance fee.
Jan 26th, 2012 11:07 pm
Jan 27th, 2012 10:19 am
Jan 27th, 2012 10:47 am
Jan 27th, 2012 10:51 am
513263337 wrote: ↑As everyone has summarized above, you want no fees, you can go with any one of the three online free banking providers.
However, there's another option: TD!
Before you lose your status as a student, go to a decent TD branch, show them your student ID and ask to open a student account. Their student account is free and there's no expiration date. YMMV though. It's sort of like a loophole and I know immediately after me saying this I'm gonna get flamed, but, just trying to help OP out.
I'm guessing it's either a glitch or they overlooked this, OR, they intentionally choose not to set an expiration date on free student accounts, for whatever reason that makes financial sense.
* Reason I say go to a decent TD branch is because that branches in bad areas tend to nickel and dime you, and as soon as you walk in people in those branches assume you are poor and cheap and they treat you accordingly.
Jan 27th, 2012 10:56 am
You can use any machine on the Exchange network for free (which is pretty much any credit union) and all Interac purchases are free. There is a Meridian right by my house, and another one right by my work so that's not an issue for me. Anyway, I pay with plastic for everything, so I only use a bank machine once every two months or so. Their iPhone app has a nice ATM locator that uses your built-in GPS to locate the machine closest to you.
Jan 27th, 2012 12:48 pm
VifferFun wrote: ↑You can use any machine on the Exchange network for free (which is pretty much any credit union) and all Interac purchases are free. There is a Meridian right by my house, and another one right by my work so that's not an issue for me. Anyway, I pay with plastic for everything, so I only use a bank machine once every two months or so. Their iPhone app has a nice ATM locator that uses your built-in GPS to locate the machine closest to you.
Jan 27th, 2012 1:19 pm
myapple wrote: ↑A few years ago, I tried to withdraw $40 from a scotiabank ATM with my ING card. The scotia ATM displayed a notice that it would charge a $1.50 fee on top if I wanted to proceed since it was not a scotia card. I was in a hurry, so I did it. The total debited amount was $41.50. No network fee charged by ING though. LOL
It's always best to stick with your own bank's ATM.
Jan 27th, 2012 2:20 pm
Jan 27th, 2012 3:21 pm
Explain to who? I was a customer of ING, not scotia. It was NOT a network or interac charge, it was a using-a-scotiabank-atm fee. The scotia ATM imposed the extra $1.50 (dispensed $40, but processed as one single debit of $41.50 to my ING acct). These charges are quite common if you use any convenience store or gas station cash machine. They clearly displayed the extra fee on the screen and I had the option to decline and stop the withdraw, but it was my choice to pay the extra $1.50 for the convenience. So just because ING says they'll cover any network fees, the operators of the ATMs always have the option to add in their own "convenience" or "non-client" fees on top.
Jan 28th, 2012 2:24 am
513263337 wrote: ↑As everyone has summarized above, you want no fees, you can go with any one of the three online free banking providers.
However, there's another option: TD!
Before you lose your status as a student, go to a decent TD branch, show them your student ID and ask to open a student account. Their student account is free and there's no expiration date. YMMV though. It's sort of like a loophole and I know immediately after me saying this I'm gonna get flamed, but, just trying to help OP out.
I'm guessing it's either a glitch or they overlooked this, OR, they intentionally choose not to set an expiration date on free student accounts, for whatever reason that makes financial sense.
*Reason I say go to a decent TD branch is because that branches in bad areas tend to nickel and dime you, and as soon as you walk in people in those branches assume you are poor and cheap and they treat you accordingly.
Jan 28th, 2012 11:04 am