Comments on: No Fee Banking, Cheap Books and Roundup – Aug 22, 2008

By: Four Pillars

Four Pillars — Sun, 24 Aug 2008 01:45:47 +0000

Thanks for mentioning the dividend post.

Mike

By: FrugalTrader

FrugalTrader — Sat, 23 Aug 2008 22:51:28 +0000

Just Getting Started: I also carry accounts with full service banks. That’s the reason for my minimum cash amounts in my net worth statement.

By: DAvid

DAvid — Sat, 23 Aug 2008 15:35:08 +0000

Just Getting Started asks: “Am I the only one that actually believes it’s worth it to maintain a high enough minimum balance with full-serve financial institution to get free services from a “real bank?””

No. But most of us who are happy with the banking relationship we have with our (usually) bricks and mortar bank, tend not to have a lot to talk about!

This past week I have had two meetings with my banker to discuss financial changes and goals which would have been much more frustrating in any format other than face-to-face. The exchange of ideas, comments and notes back & forth across her desk could not have been accomplished as conveniently in any other fashion.

I reduce my costs by choosing a banking package that best meets my needs (including inexpensive foreign exchange), reduce costs by a multi-product discount, then balance that against a no-fee cash back credit card.

I feel I get good value for my expenditures.

DAvid

By: Just Getting Started

Just Getting Started — Sat, 23 Aug 2008 05:48:17 +0000

Am I the only one that actually believes it’s worth it to maintain a high enough minimum balance with full-serve financial institution to get free services from a “real bank?”

I mean, TD has long branch hours on top of everything that each of the “free account” banks offer. And all I do is keep 2 grand sitting around..

Is it worth a small interest on part of your emergency fund to deal with 25 minute waits on hold for PC?

By: Canadian Dream

Canadian Dream — Fri, 22 Aug 2008 21:42:59 +0000

FT,

Thanks for the mention. Have a great weekend everyone.

Tim

By: Charles in Vancouver

Charles in Vancouver — Fri, 22 Aug 2008 14:42:21 +0000

Don’t forget, Coast Capital already offers such an account in BC :)

By: ThickenMyWallet

ThickenMyWallet — Fri, 22 Aug 2008 14:30:56 +0000

Thanks for the mention. Have a good weekend.

By: Canadian Capitalist

Canadian Capitalist — Fri, 22 Aug 2008 14:22:15 +0000

Thanks for the mention. I think the Citizens Bank no-fee account is great news. More competition is always nice. Have a great weekend!

By: Frog of Finance

Frog of Finance — Fri, 22 Aug 2008 13:29:29 +0000

Unfortunately, neither PC Financial nor Citizens Bank will offer those fee-free checking account in Quebec.

Too bad,
Frog

By: WhereDoesAllMyMoneyGo.com

WhereDoesAllMyMoneyGo.com — Fri, 22 Aug 2008 13:16:53 +0000

Thanks for the mention FT – only about 15 more posts to go! :)

By: The Financial Blogger

The Financial Blogger — Fri, 22 Aug 2008 11:20:11 +0000

Thx for the mention!
Enjoy your weekend!
Montreal weather forecast is 25 and sun for the next 3 days… and I’m heading toward my MBA class this morning… life sucks ;-)