Bank Fees

• Canadian banking fees hard for consumers to see or anticipate, report says

  The fees most Canadian banks charge their customers are hard to see or anticipate, and the associated costs can add up quickly over time, a new report says.

  Consumer

  Oct 23
  
• CIBC agrees to proposed class-action settlement over NSF fees

  CIBC has agreed to a proposed $10-million settlement over some non-sufficient funds (NSF) fees the bank charged to its customers.

  Consumer

  Jul 3
  
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• Tired of banking fees? Ottawa pushes for more no-, low-cost accounts

  Finance Minister Chrystia Freeland announced a suite of banking initiatives aimed at easing the cost of living crisis, with an eye toward the fall economic update.

  Money

  Oct 17, 2023
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• ‘A money grab’: As big banks raise fees, experts say Canadians have options

  Many of Canada's major banks have rolled out or announced higher fees on some chequing accounts. Here's what's happening.

  Money

  Jun 2, 2021
• This is the mind-boggling amount of money Canadians pay in bank fees

  A new report by Ratehub.ca estimates how much Canadians of different ages have been paying in chequing account charges over their lifetime.

  Money

  Aug 23, 2018
• Hamilton demonstrators demand more affordable banking for everyone

  Mike Wood, the group's local chair, says it's currently cheaper to take out a payday loan that it is to overdraw your bank account.

  Money

  Nov 30, 2017
• Four annoying things banks do, and why

  Banks hold cheques and charge fees on all kinds of services. Here's what you can do about it.

  Consumer

  Dec 4, 2016
• CIBC to reimburse clients $73 million for 14 years of overcharging

  CIBC has agreed to compensate clients $73.3 million after collecting excess fees for certain mutual funds and investment services over 14 years.

  Consumer

  Oct 28, 2016
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• One way banks are coping with oil crisis? Charging you more

  TD Bank latest to impose account changes that will help keep profits up at Canada’s banks as they face rising pressure from the oil downturn.

  Canada

  Feb 1, 2016
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• Bank fees head north as economy goes south

  Among the new fees at TD Canada Trust is a $5 charge to cancel an Interac e-Transfer. And if you want to transfer your TFSA to another institution, it will cost you $75.

  Canada

  Jan 19, 2016