What Chequing/Savings/RSP/TFSA/Credit Card accounts do you have? | Page 2 | General comparisons | Discussion forum

thanks for clearing it up Doug. actually, you are right. since he works in the bank, he DOESN'T really need my debit card to commit fraud at all. he already knows all information about me by just checking my account!!! hehehe. funny paranoid me, i never thought of that! im really smiling right now. are you?:smile:

and about your p.s. yeah, i have already set-up an online scotia account long before i went to the bank. and i should have have open it up online and make myself less headache but instead because i prefer the man-to-man or man-to-woman interaction, i went "OLD SCHOOL" and went to the bank personally to transact it.
but with different result of course.

p.s.
i can see that you are very good on banking matters. more power to you Doug.

and so i went to withdraw some cash to buy lunch
at my local coast capital ABM, i went to to the first available cash machine,
and got denied, the exact message is:
"THIS TRANSACTION IS NOT PERMITTED AT THIS TERMINAL."

ohh. wtf. its a sunday, maybe this machine got its all money withdrawn. not a rare occurrence right? but, i mean, the machine can simply say, "SORRY, THIS ABM IS OUT OF MONEYs FOR THE MEAN TIME..." so i back off, and waited for the other machine to become available.

and so for the other machine, i tried to withdraw again. and same, i got denied.
"THIS TRANSACTION IS NOT PERMITTED AT THIS TERMINAL." the second time around.
crap. what do you mean? then, one thing flashed in my mind. "dude, no way, but
your card is compromised. freakin fraudsters. but how? im always careful with my
card. i only use this for shoppers drug mart, canadian tire, or any valid looking store when i can see my card when swiped and my PIN covered well... but how how de carabao?"

then i realise, i am withdrawing $60. when my balance is just $31.
my bad. but i say, "SCREW the developer/programmer of the software being used in this ABM. why cant the message just say, "sorry, withdraw amount too high for balance" or "your trying to withdraw something you dont have, sucker." would be even appreciated" so that its easy to understand and not PANIC, but

...."THIS TRANSACTION IS NOT PERMITTED AT THIS TERMINAL."

what the heck. does kind of message help at all? sometimes, this is as stupid
message as it can be.

msl25 said:

and so i went to withdraw some cash to buy lunch
at my local coast capital ABM, i went to to the first available cash machine,
and got denied, the exact message is:
"THIS TRANSACTION IS NOT PERMITTED AT THIS TERMINAL."

ohh. wtf. its a sunday, maybe this machine got its all money withdrawn. not a rare occurrence right? but, i mean, the machine can simply say, "SORRY, THIS ABM IS OUT OF MONEYs FOR THE MEAN TIME..." so i back off, and waited for the other machine to become available.

and so for the other machine, i tried to withdraw again. and same, i got denied.
"THIS TRANSACTION IS NOT PERMITTED AT THIS TERMINAL." the second time around.
crap. what do you mean? then, one thing flashed in my mind. "dude, no way, but
your card is compromised. freakin fraudsters. but how? im always careful with my
card. i only use this for shoppers drug mart, canadian tire, or any valid looking store when i can see my card when swiped and my PIN covered well... but how how de carabao?"

then i realise, i am withdrawing $60. when my balance is just $31.
my bad. but i say, "SCREW the developer/programmer of the software being used in this ABM. why cant the message just say, "sorry, withdraw amount too high for balance" or "your trying to withdraw something you dont have, sucker." would be even appreciated" so that its easy to understand and not PANIC, but

...."THIS TRANSACTION IS NOT PERMITTED AT THIS TERMINAL."

what the heck. does kind of message help at all? sometimes, this is as stupid
message as it can be.

$31 whole dollars? WOW - big, big spender...try saving some money instead of spending it all - perhaps the machine had the IDIOT ALERT on?

guestaroo,

dude, the topic of this forum thread is:
what-chequing/savings/rsp/tfsa/credit-card-accounts-do-you-have?
so its basically sharing our real life experience with banks that have our
accounts. that's it.

now, on the other side of the topic, if we have a friend who spends $31 on lunch alone, that my friend is for me, a real BIG spender.
:kiss:

msl25 said:

just came back from scotiabank [got to leave at work early just to catch this stupid "banking hours"] and set up my "successor account holder." i am not really impressed with this guy who opened my TFSA account. because i have a lot of talk and question with him, he told me, i am the only one he met that actually read the scotiabank investment book/guideline that he gave me. hehehe, what that does mean, he never actually read the book? of all the people, he should be the one who mastered that book. that is part of his job as a, let me read his card, as a "personal banking officer." i asked him about the document, declaration of trust that must be part of my application document package as it is said in the book. then he scrambled on his computer (google's help!) looking for some info about that document. he convinced me that i don't need that document as that document is only needed if my TFSA is bound to mutual funds! my TFSA is only "cash" basis. is that so? but the book never said anything about it. anyway, so i finished signing up my successor account holder and left. then i realized, i missed my copy. he should have given me a copy. or do i need to explicitly ask about it? shouldn't this transaction be automatic? i should have a copy at least to prove in later years that i did set-up an successor account holder. what kind of proof do i have at all without my own copy. but, really, i don't want to spend more time with that bank. it's just not happening the way it should be. im annoyed partly at least. i think i can do a lot better job than this guy. maybe he is just a new employee hence very amateur in his job performance or maybe i expected a lot from him. anyway, my advice if ever you set up a TFSA account in any bank/financial institution, expect the following to be at least accomplished for peace of mind:

a.) TFSA application package
b.) declaration of trust document
c.) successor account holder/beneficiary document setup

if the person who works with you is giving you a hard time doing those basic
things then there is no need to pursue coz they bring you a lot of headache and waste of time.

I have a trading account with TradeFreedom which is owned by Scotia Bank. I had to have some forms witnessed at a Scotia Bank (we do not have an account). After being treated rudely in Maple Ridge BC, we went to the Branch in Pitt Meadows which handled the request. With all of the advertising Scotia does on TV I sure as *$^%& would not deal with them. Both branches had a very weird aura and the folks working there have no idea how to treat a potential new customer. Scotia, sucks in my opinion, no matter how good there products may be.

i am a scotiabank customer with a powerchequing account.
now, my account gets dinged by $3.95/month bank fees. this started all the way from oct2009-june2010, anyway, the past two months, july and august 2010, i never got charged. hmnn, this is unusual as i always check my statement and there has to be that bank fee, heck, that is even the reason why i cant leave no less than $35 in my account or scotiabank will go ballistic and charge me some more fees.

i remember, that on the last week of june, i opted to go paperless. never did i knew this would also save me some money. (no more monthly statements being mailed to me by scotiabank, i think its safer this way. as the chance of someone snooping around my account via snail mail is eliminated and for me to just check my balances online. so i think this is the reason why i am no longer paying that $3.95/month via scotiabank.

so to my fellow scotiabank powerchequeing account holders, go paperless and you can save $3.95 bank fees per month.

[ERRATUM]
the $3.95 fee is waived if you maintain $1500 monthly balance. when i opened my account last oct2009 at toronto, scotiabank religiously dinged me $3.95 per month until june2010. when i came here in richmond,bc the guy at scotiabank said he can waive the $3.95/month for one year by enrolling in a promo, but i declined because i think, that would be again changing bank account numbers and so on, especially that my account back in toronto [transit number among others] will change hence i have to write CRA,some autodeduct payments,etc. about the account number change and so on... (too much work!!:cool:)

anyway, back to the topic, let me correct my mistake, the $3.95/month scotiabank charges on my powerchequeing account that went $0 for the month of july,august2010 is not because i opted for paperless statements. by a review of my monthly statements, it was in fact because i had more than $1,500 on my account. so being "paperless" does not mean "bankfeeless."(cheers to Doug, indeed.)

Chequing: PC Financial, TD Canada Trust Business, TD US
Savings: PC Financial, ING Direct, ING Direct Business, ING Direct US, Canadian Tire
RSP: ING Direct
TFSA: ING Direct, Canadian Tire
Credit Card: CIBC Dividend VISA, CIBC Aeroplan Gold VISA for Business, Citi Enrich Mastercard, American Express Air Miles

Chequing: Low or No Fees
Savings: High Interest, Low or No Fees, Easy Electronic Transfers between accounts.
RSP: Decent Interest Rates with promotional GIC rates
TFSA: High Interest
Credit Card: Cash Back + Frequent Flyer