Personal Finance

BMO Club Sobeys Bank Account - Grandfathered

  • Last Updated:
  • Apr 17th, 2018 2:40 pm
Sr. Member
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Feb 14, 2006
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Toronto
angel_wing0 wrote:
Jan 16th, 2016 1:31 am
i really doubt that it's real tbh, but we'll see come may.
Agreed however the banks are reaching further and further these days.
Wouldn't be surprised if Tangerine & PCF started charging for their accounts as well :P
Sr. Member
Mar 3, 2015
699 posts
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Scarborough, ON
Are they really shutting down?
I have bmo sobeys chequing account that I get my all deposit and paying bills from.
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Dec 17, 2008
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supertronic wrote:
Jan 16th, 2016 2:13 pm
Are they really shutting down?
I have bmo sobeys chequing account that I get my all deposit and paying bills from.
They probably won't "shut" the account but more likely start charging fees.... If any changes come
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Mar 23, 2004
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Markham
here2day wrote:
Jan 16th, 2016 11:42 am
They work at BMO, if it's true or not I guess we'll find out shortly
guess more info would be great.
"Between a high, solid wall and an egg that breaks against it, I will always stand on the side of the egg.

Yes, no matter how right the wall may be and how wrong the egg is, I will stand with the egg."

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Sr. Member
Mar 3, 2015
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Scarborough, ON
Any source news from bmo for 2016 fees?

I will close if they will charge monthly fees for sure but I never did any teller branch service except deposits since 2011 so in branch fees doesn't worry me.
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Dec 22, 2015
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Private Confidential
I think one day the Big 5 are just going to shoot themselves in the foot, when they get too greedy, and people will just move to the NO fee online banks.

Although Tangerine and PCF are owned by Scotia and CIBC respectively, people who are not with them, will also move there.
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Dec 22, 2015
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Shawguy wrote:
Jan 16th, 2016 2:27 pm
They probably won't "shut" the account but more likely start charging fees.... If any changes come
If its grandfathered , can they change the fees ? Or is it like the grandfathered cell phone plans with Rogers, Bell etc where they can't change the fees anymore.
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Mar 3, 2015
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Scarborough, ON
vladimirbaby wrote:
Jan 16th, 2016 9:31 pm
If its grandfathered , can they change the fees ? Or is it like the grandfathered cell phone plans with Rogers, Bell etc where they can't change the fees anymore.
It will be again agreement(contract) for them to charge monthly fees as also grandfathered cell phone plans.

But BMO Sobeys can increase current sobeys fees on teller cash withdrawal, teller bill payment, nsf fees & other petty stuff.

But I highly doubt they will charge monthly for fee sobeys chking account it's breach of contract. I hope this is all remours.
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Mar 23, 2004
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If they start charging any fees, i will just cancel the account.
"Between a high, solid wall and an egg that breaks against it, I will always stand on the side of the egg.

Yes, no matter how right the wall may be and how wrong the egg is, I will stand with the egg."

#StandwithHK #5DemandsNot1Less
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Feb 24, 2008
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Los Angeles
angel_wing0 wrote:
Jan 16th, 2016 11:41 pm
If they start charging any fees, i will just cancel the account.
this.

I highly doubt they will start charging monthly fees on this account. They will likely just increase fees in which they already charge (i..e, Teller withdrawals, NSF, Cheque orders, etc.)

djino
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Feb 24, 2008
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angel_wing0 wrote:
Jan 16th, 2016 11:41 pm
If they start charging any fees, i will just cancel the account.
Same here.
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Aug 13, 2011
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So has anyone found that BMO has increased any of the teller fees? I'm looking to do a withdrawal at a teller and the website still has the same PDF with low fees ($1).
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strippedaway wrote:
Apr 17th, 2018 12:02 pm
So has anyone found that BMO has increased any of the teller fees? I'm looking to do a withdrawal at a teller and the website still has the same PDF with low fees ($1).
Fees should still be the same, havent heard anything new. If it's not a huge amount, just do it at an ATM.
"Between a high, solid wall and an egg that breaks against it, I will always stand on the side of the egg.

Yes, no matter how right the wall may be and how wrong the egg is, I will stand with the egg."

#StandwithHK #5DemandsNot1Less

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