October 07, 2010

Help to Choose Your Checking Account and Banking Package

Use this Interactive Tool

Because financial institutions are always greedy, be smart and select the banking package that’s right for you.

To ensure that your banking package meets your needs, you can consult the Cost of Banking Guide from the Financial Consumer Agency of Canada (FCAC), follow the link to the interactive tool:


Limit or Eliminate Banking Fees

With a little creativeness, you will easily limit your banking fees and even in some cases, eliminate them. In fact, depending on your situation, you should pay a monthly maximum of $10 for your banking charges.

Since banking fees are recurring, you gain to reduce or avoid them. You’ll save every month for all your life. Saving only $10 a month during your active life will get you more than $26000 (@7% for 40 years).

You should also reexamine your banking package choices regularly, an annual review seems reasonable.

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