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Article #2183Re: Do all banks charge a $5 minimum on overdraft amounts?
From: Irene Mayer
Date: Fri, 13 Dec 1996 00:00
Date: Fri, 13 Dec 1996 00:00
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Patrick Coghlan wrote: > > Both of my banks, CIBC and Bank of Montreal, charge me $5 every time > my chequing account goes into overdraft, even if I am in overdraft only > for a few days - regardless of the amount. > > With $1B in profits, I'd say this policy amounts to gouging the > customer (me). Are there banks that don't charge this $5 minimum > overdraft fee? If I complain to the bank, are they likely to waive > this fee on my accounts? > -- > > -Pat > > bn207@freenet.carleton.caBanks never waive fees. Have you considered a Line of Credit? It depends on your salary and/or if you own any collateral but some banks are willing to give this to you. If you are a government employee, try the CS Co-op. I have found them easier to deal with then most banks when it comes to loans and lines of credit.
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 114977,9ce7be3fe27295f,start X-Google-Attributes: gid114977,public X-Google-Thread: 111a4f,9ce7be3fe27295f,start X-Google-Attributes: gid111a4f,public From: Irene Mayer <ren@istar.ca> Subject: Re: Do all banks charge a $5 minimum on overdraft amounts? Date: 1996/12/13 Message-ID: <58qgdt$i7h@news.istar.ca> X-Deja-AN: 203834276 references: <58mscr$h08@freenet-news.carleton.ca> to: Patrick Coghlan <bn207@FreeNet.Carleton.CA> content-type: text/plain; charset=us-ascii organization: NETCOR mime-version: 1.0 newsgroups: can.consumers,ott.general x-mailer: Mozilla 2.02E-KIT (Win16; U)