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

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Article #2192

#2192

From: Darlene Moore
Date: Tue, 17 Dec 1996 00:00

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bn207@FreeNet.Carleton.CA (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.  

I switched to TD because of massive service charges elsewhere.  Since
we are in a fee for service society now, it is a safest bet to get a
service plan.  I have a $5 month service charge from TD which gives me
2 free cheques per month (regardless of balance), pretty much
unlimited debit card use, 2 free withdrawals at another bank machine,
and unlimited transactions at TD's ATM's.  For an extra $1.10  I get
overdraft protection...I have a $500 overdraft that I can dip into and
not be charged a penalty, just a small interest rate.

This plan also includes banking by phone or computer.  They have
various other plans which may suit your needs even better!

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From: dmoore@storm.ca (Darlene Moore)
Subject: Re: Do all banks charge a $5 minimum on overdraft amounts?
Date: 1996/12/17
Message-ID: <596b9e$l09$1@news2.storm.ca>
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