No idea about CIBC.
Some people just don't get that online forum posts shouldn't always be taken seriously.
Sep 18th, 2021 10:25 am
Sep 18th, 2021 10:45 am
I am also grandfathered on Plan 60, which is a wonderful account. I expect TD to phase it out at some point, based on what they are doing with other accounts.adams7 wrote: ↑ Unfortunate that TD discontinued the free “Plan 60” account (age 60+) about 9 years ago, I am grandfathered into that one and there is no monthly fee and most transactions are free. I think several banks had that type of account 10 years ago, they wanted to grab and keep aging customers to get potential additional investment management and estate fees.
I would look into the LOC idea mentioned earlier if looking for a new account.
I like TD online account management features, very fast and easy to pay bills and move money around between bank accounts and TFSA, RRSP, and other investment accounts.
Sep 18th, 2021 11:07 am
Unlike TD's LOC, CIBC's and Simplii's LOCs do not charge for e-transfers, yet they still function like chequing accounts with large, relatively cheap overdrafts.
Sep 18th, 2021 11:44 am
A few of TD's bank accounts have no eTransfer fees ... altho realize you are trying to go the LOC route: