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Article #2183

Re: Do all banks charge a $5 minimum on overdraft amounts?

#2183
From: Irene Mayer
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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From: Irene Mayer <ren@istar.ca>
Subject: Re: Do all banks charge a $5 minimum on overdraft amounts?
Date: 1996/12/13
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