Personal Finance

Which is the best chequing account in Canada?

  • Last Updated:
  • Aug 1st, 2009 6:00 pm
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Poll: Which is the best checking account in Canada?

  • Total votes: 13. You have voted on this poll.
option 1
 
1
8%
option 2
 
4
31%
option 3
 
8
62%
13 replies
Moderator
User avatar
Mar 23, 2004
37500 posts
3933 upvotes
Markham
TD select service
「もし、奇跡を起こせたら……」
Member
User avatar
May 19, 2006
498 posts
65 upvotes
Depends .... if there are alot of credit unions where you go about your daily business then it's easier to be "ding-free"

But if you see CIBC branches and ATMs everywhere then PC Financial for sure ...

Here in Vancouver I would say its pretty close to even coverage.
Moderator
User avatar
Mar 23, 2004
37500 posts
3933 upvotes
Markham
how about another option: others? free account doesnt mean it's best imo...
「もし、奇跡を起こせたら……」
Deal Addict
Feb 9, 2005
4167 posts
14 upvotes
yupkime wrote:
Aug 1st, 2009 3:59 am
Depends .... if there are alot of credit unions where you go about your daily business then it's easier to be "ding-free"

But if you see CIBC branches and ATMs everywhere then PC Financial for sure ...

Here in Vancouver I would say its pretty close to even coverage.
Actually, I'd give the edge to CIBC. It's so easy to find a 7-11 and they all seem to have CIBC ATMs in them.

Of course, the OP hasn't said what he means by "best". For example, if he wants branch service, Coast Capital is the only one that offers it of those three. If he's worried about online banking, I feel that PCF is better than Citizen's Bank, but I can't comment on Coast Capital's.
[OP]
Member
Aug 11, 2007
261 posts
Canada
AllWheelDrift wrote:
Aug 1st, 2009 11:07 am
Actually, I'd give the edge to CIBC. It's so easy to find a 7-11 and they all seem to have CIBC ATMs in them.

Of course, the OP hasn't said what he means by "best". For example, if he wants branch service, Coast Capital is the only one that offers it of those three. If he's worried about online banking, I feel that PCF is better than Citizen's Bank, but I can't comment on Coast Capital's.
have you tried both pcf and citizens bank? why do you prefer pcf over citizens? im leaning more towards citizens..
Moderator
User avatar
Mar 23, 2004
37500 posts
3933 upvotes
Markham
blade007 wrote:
Aug 1st, 2009 12:12 pm
have you tried both pcf and citizens bank? why do you prefer pcf over citizens? im leaning more towards citizens..
they are both very close, i prefer pcf as there are moe cibc atms than exchange atms in GTA. PCF's online baking UI is much better than citizens, imo.
「もし、奇跡を起こせたら……」
Jr. Member
Apr 1, 2007
109 posts
2 upvotes
Since Option 1 is not available to anyone living outside of BC, this poll is pointless. You're essentially asking which is better, PCF or Citizens, and for the most part there is little difference. Where PCF has access to CIBC machines, Citizens doesn't ding you on international ATMs.

As has been stated many, many, many times before on this forum, the TD Select Service account is about as good as it gets in this country.
Moderator
User avatar
Mar 23, 2004
37500 posts
3933 upvotes
Markham
thirtyone wrote:
Aug 1st, 2009 1:35 pm
As has been stated many, many, many times before on this forum, the TD Select Service account is about as good as it gets in this country.
Damn right.
「もし、奇跡を起こせたら……」
Deal Expert
User avatar
Aug 18, 2005
18445 posts
3115 upvotes
GTA West
What makes TD Select Service better than the rest?
What if there were no hypothetical questions?
Deal Addict
User avatar
Dec 17, 2008
2342 posts
1168 upvotes
Winnipeg
I would go with Citizens - You can use any Credit Union on the Acculink or Exchange network (including HSBC and National Bank of Canada) FOR FREE..

Citizens is also alot easier to deal with on establishing cheque holds and their customer service is far better than PCF.

I created a thread on why I choose Citizens and RBC combo over TD Select Service....because I don't have 5000 just sitting around that I can not touch.

http://www.redflagdeals.com/forums/show ... p?t=771599
Sr. Member
User avatar
Feb 6, 2008
664 posts
18 upvotes
What's stopping you to use both PCF and Citizen's?
There is no monthly fee or a minimum balance.
You can keep both accounts open permanently and use them whenever you need them for specific purposes.

PCF has been enough for 99% of my everyday banking needs. I'm only using TD right now to take the $200 bonus. I'll probably close the account again after a year just like the iPod shuffle last time. Almost feel bad for them, but they are a huge bank and they make more money off of me.

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