There was a bit of news today where apparently a lot of banks have been increasing its service fees for a lot of Canadians which is resulting in even more financial hardship for many. This can add up where not only do people have to pay a monthly fee, but as well various transaction fees have also gone up. Because of that a lot of people are asking the government to step in and do something as it seems like the banks are taking advantage of the situation.<\/p>\n
That got me thinking though. There actually are a ton of bank options that have always offered things like free chequing and savings accounts. So it kind of makes me wonder in this case if you are a person who is paying high banking fees to the point where it has a huge impact on your budget is there a reason you wouldn\u2019t just switch?<\/p>\n
Items such as switching a cell phone carrier can be different since you need to change numbers and all. But in the cases of a bank account I would have thought that would be more of a straight forward change. What would be your reason not to switch if the fees are getting to be too much? I think the only point I often heard before was that certain banks lacked of ATMs. But nowadays so much is digital.<\/p>\n","protected":false},"excerpt":{"rendered":"
There was a bit of news today where apparently a lot of banks have been increasing its service fees for a lot of Canadians which is resulting in even more financial hardship for many. This can add up where not only do people have to pay a monthly fee, but as well various transaction fees […]<\/p>\n","protected":false},"author":1,"featured_media":11839,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[5],"tags":[1238,1163,35,21],"class_list":["post-12882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-management","tag-banks","tag-fees","tag-finance","tag-money"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.al6400.com\/blog\/wp-content\/uploads\/2020\/09\/airquality.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6VnHC-3lM","_links":{"self":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/12882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/comments?post=12882"}],"version-history":[{"count":1,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/12882\/revisions"}],"predecessor-version":[{"id":12883,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/12882\/revisions\/12883"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media\/11839"}],"wp:attachment":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media?parent=12882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/categories?post=12882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/tags?post=12882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}