A new report from a Canadian and International banking association confirmed that the fees at some more traditional Canadian Banks are out of line with market expectations; fees such as $5.00 for all kinds of transactions including deposits. That is not correct if your bank charges you a fee for deposits. Banks such as CIBC, Scotia Bank and others are looking into this as this fee debacle is opening new business pathways for other services. It's affecting business when the average deposits on hand at other banks might be out pacing these traditional bank services. So, who wins then? See the offers provided by DUCA, EQ Bank and Manulife Bank.

 A new report from a Canadian and International banking association confirmed that the fees at some more traditional Canadian Banks are out of line with market expectations; fees such as $5.00 for all kinds of transactions including deposits.  That is not correct if your bank charges you a fee for deposits.  

Banks such as CIBC, Scotia Bank and others are looking into this as this fee debacle is opening new business pathways for other services.  It's affecting business when the average deposits on hand at other banks might be out pacing these traditional bank services. So, who wins then?  

See the offers provided by DUCA, EQ Bank and Manulife Bank. 

Fleet Street Journal.