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Article #8

Re: Ottawa Online banking - The Good, Bad and the Ugly.

#8
From: Jim Ogilvie
Date: Sun, 13 Sep 1998 00:00
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Elat Lerner wrote:

> Patrick Coghlan (pcoghlan@noSpam.magma.ca) writes:
> > In article <slrn6v8rc3.5c6.mcr@varrus.sandelman.ottawa.on.ca>,
> > mcr@sandelman.ottawa.on.ca wrote:
> >>   So far, ETrade with Canada Trust for basic stuff seems to be the solution
> >> for me. No, it doesn't get me good online banking, but it does get me
> >> good branch hours :-)
>
> Yes, Canada Trust has good hours, but a very volatile environment.
>
> Example:
>
> A few years ago I opened a savings account for my son. Just a few
> hundred dollars, with deposits a couple of times a year, and no
> money going out. The account paid a couple of dollars interest a
> month, but my son was happy to see his money grow.
>
> On my last visit to deposit I noticed there were no recent
> interest payments in the passbook. When I inquired I was told
> that Canada Trust changed the rules and no longer pays
> interest on this type of account, unless the balance exceeds
> $3,000. I was told by the Customer Relations officer that
> Canada Trust only notifies customers of changes in service
> charges but not the elimination of interest payments
> - "it is up to customers to stay on top of the changes".

I do most of my banking with Royal Bank (i.e.. mortgage, LOC, etc.)  Has any one
had any experience with their "Online Banking"?
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References: <slrn6uqscn.1d4.marky@marky.com> <slrn6v8rc3.5c6.mcr@varrus.sandelman.ottawa.on.ca> <pcoghlan-0809980959440001@macpcoghlan.ca.newbridge.com> <6t45o4$4dv@freenet-news.carleton.ca>

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From: Jim Ogilvie <jogilvie@sprint.ca>
Subject: Re: Ottawa Online banking - The Good, Bad and the Ugly.
Date: 1998/09/13
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References: <slrn6uqscn.1d4.marky@marky.com> <slrn6v8rc3.5c6.mcr@varrus.sandelman.ottawa.on.ca> <pcoghlan-0809980959440001@macpcoghlan.ca.newbridge.com> <6t45o4$4dv@freenet-news.carleton.ca>
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