Do you pay fees?

[mroosman]

I just wanted to know how thrifty we RFD'er are. How much fees do you guys pay for your bank account. $0-$45??? It would just be ccol to know and maybe get some ideas on value based buying!!

[Firestorm ZERO]

$0.00

[taile]

I'm banking with TD. Before I use the value account, and keep $1000 to waive the $3.95 monthly fee. Now I have a TD Gold card and a US borderless plan, so I keep $5000 in my select service account in order to waive the $24.95 monthly fee, and also my gold card($99) and my US borderless plan($4.95 USD) are waived! So basically, now I'm paying nothing to have a unlimited CND CHQ account and a unlimited USD CHQ account and a free gold card. But I lost the interest for my $5000. This is my story.

[aaa111]

zero

[Rehan]

I'm also keeping a balance in my TD account to get the Select Service for free. The TD Gold Elite Visa includes 1% cash back and auto club membership. And Select Service includes other features like a free safety deposit box, free bank drafts, no PLUS fees, and several other things. It's a decent value if you want those features.

[rc51]

Same here... all we have to do is keep a balance of $1000 and we get all fees waived..both on our normal billing account and our US dollar account.

[masterhapposai]

isn't it better to just dump it all in ING? to offset all those "benefits"

maybe keep $1000 in the bank so they don't rape it

[gman]

$0.95.

I used to keep $1000 to eliminate the fee. However, CIBC raised to $1500 and I am borrowing from LOC anyway. Borrowing to keep $1000 or $1500 to eliminate $0.95 does not make sense.

$1000 x 4.5% / 12 = $3.75 per month.

All my transactions (bill payment, cheque, etc) are all done through LOC. I could have get rid of the account but I am too lazy to do that.

[taile]

isn't it better to just dump it all in ING? to offset all those "benefits"

maybe keep $1000 in the bank so they don't rape it

I think ING only offers saving account. You gona have a CHQ account to do daily banking!

[NoahVail]

I've got TD Select as well. The $5K balance covers the $300 annual fee, so in effect you're recieving 6% interest tax free. Not a bad deal, epsecially when you include the safety deposit box ($35), US dollar account ($60), TD Elite Visa fee waiver ($99), TD US VISA fee waiver ($25), TD Deluxe Auto Club($72), Card Assist credit card loss protection service($25) , 1% dividend from the Elite Visa (unlimited, but in my case about $100) on top of the very inclusive banking services. The only thing that I don't like is the optional $2/mth overdraft protection charge, and the inability to cover your overdrafts automatically with your Line of Credit. I guess I'll have to put $2400 on my VISA to cover it.

Incidently, if you're setting up a new account, TD is very flexible about waiving monthly fees. Depending on how much business you're bringing, you may be able to negogiate fee waivers of up to 6 months (or more). Hey, and maybe you can even get them to throw in an iPod shuffle (if the rumours are true.)

Cheers.

NV

[Mark099]

All my fees are waived -- whether I have $40, $400 or $4000.

[StrayB]

I pay $3.50 a month, with RBC.

I think I'm getting f'ed over.

[Mark099]

I pay $3.50 a month, with RBC.

I think I'm getting f'ed over.

If the fee for my banking package was only $3.50, I would probably just pay it.

[Amourek]

Free.

[William W]

I don't pay anything, I bank with PC.