Why DO you bank with RBC?
May 19th, 2018 8:56 pm
May 19th, 2018 9:17 pm
May 19th, 2018 9:22 pm
What do you mean by “RBC doesn’t waive fees”?
May 19th, 2018 9:38 pm
Why do you bank with TD?
May 19th, 2018 10:23 pm
May 19th, 2018 10:51 pm
I bank with RBC because I am in a unique situation. I have moved to the states and they allow you to get a us credit card which builds American credit once you get a social security number. I live in the west coast and if necessary I can get a mortgage for a us property through them using my Canadian credit rating. TD only works in the northeastern states.
May 19th, 2018 10:58 pm
May 19th, 2018 11:00 pm
May 20th, 2018 8:49 am
May 20th, 2018 11:45 am
May 20th, 2018 12:56 pm
May 20th, 2018 1:49 pm
And this is why everyone should hold at least one big 5 bank stock in their portfolio.
May 20th, 2018 1:56 pm
Don't forget the multiple bill payments option counts as one transaction.UrbanPoet wrote: ↑The good thing with rbc is that you can get the fee waived with beneficial products.
For example an investment + a no fee credit card can get your monthly fee waived for a basic checking acc.
You get to at least earn interest... and it could even be a $500 tfsa. Whereas banks that require you to hold a minimum balance don’t pay interest on that balance being held.
The disadvantage is that @ rbc you require a mtg to get the unlimited plans waived, which is unrealistic to a lot of people.
Butttt. If I was in that situation... I would just use a credit card for all my day to day purchases (which i already do) and pay it off at the end of the month.
Its only 12 transactions per month with the the basic checking acc at rbc... and I believe you get an extra transaction for every direct deposit. I would only be paying bills and making the rare cash withdrawl.
May 20th, 2018 2:18 pm
May 20th, 2018 10:10 pm