So I called them on Sunday ... about this ... to fish for more details ...
This is part of new changes etc ... Details are very new still .. but Notices should be ready and go out around November 6 or so.
From what I was able to gather ... - YES .. by January 22, 2018, -- this type of account will require $3000 in it to avoid monthly fee.
Will be some account changes though however to account itself ... I think CSR informed me that Interac will be free in this account .. (or something like that) .. and current 22 free debit transactions will become 30 (or so free debit transactions).
The good thing about all of this COULD BE THOUGH (not sure 100% on this now) ... that January 22, 2018's $3000 requirement is for new accounts ... and WE (people with existing accounts) might need to be at $3000 (to avoid monthly fee) by March 14, 2018 mark or around there .. that's when our "old" similar accounts will officially become these "new" upcoming similar accounts ...
Clerk wasn't totally sure on all of this however .. so best to wait for official notices and details to become public ... and info should be indicated in there ...
I guess time will show.