They would rather have you make individual transfer then doing in automatically

When we pay for our life insurance annually they give us a better rate but charge us more if they deduct it monthly.

I think that every bank is different. Your experience with banking can be very valuable when looking for a bank that suits your needs. I for one don't feel I should have to pay my bank for using my money, no matter how I choose to use it. They use my money, every day, and for free! That should be plenty, but it seems like greed is a bug bitten by almost everyone. Because of situations such as what you are experiencing, I too have had to shop around for a bank. I spend considerable time doing my homework on what the banks have had to offer, make my selection carefully, and open my accounts, only to have them bought out by a competitor. This is very insulting, because my opinion was never even solicited. Hey, don't you think if I wanted that stinking bank I would have gone there in the first place? Well, since my desire is of little importance to the bank, then certainly they wouldnt miss my money when I found myself another one, right? So, that's my advise to you. Look for another bank. Research their policies well, ask questions, and expect to discover something you missed after you open it. Good luck.

suspence. Thats ashme they do that but the they do charge for a transfer. But I just have them take it out dont cost anything.

There's no way you can be a senior citizen... You so do not sound like it!

My great grandmother on my mother's side lived to her nineties and I have a relative on my father's side who was 102 a couple of years ago. Of course, I do not sound like a senior citizen, that is because I do not live in an old age apartment complex and do not intend to.

I do not have to worry because I am a senior citizen, and I may not get charged, but I will have to wait until next month to see. We do have a credit union near our place but it is not the one we have our joint account in.

That is good that they didn't charge a fee..

But it is not the end of the month yet, and so I have to wait until Monday to see if they will. I hope they do not, because then I can set up another automatic transfer or increase this one.

I just noticed this when I went to look into automatic transfer on the bank's site. I had to initialize the transfer from the ING site and they do not charge fees, so I went to see just in case I wanted to maybe make it a larger amount and found this information. However it might be they do not charge over 60s.

Maybe we should go back to putting money in mattresses.

Either that or keep the money in a high interest account. our bank started one, but you have to put $10,000 in it to get the high rate. Guess I will stick with ING, they do not have any fees.

but if your house burns down, then where are ya? I recently listened to a biography of Annie Oakley, and that happened to her parents.

The thing that is wrong with the CIBC is that when I had to cash my family allowance, there was a long line up, and then when I had to withdraw money from my Canada pension (and I had it direct deposited)_ there was a long line up. I had to wait until a few days later. And many of the long line ups were not people who wanted to get any amount other then multiples of twenty dollar bills, they were people who figured once they reached a certain age they could no longer use the atm.

It's all these old people there. And the trouble is that now they have moved the bank farther away so it takes longer to walk. With the Bank of Montreal I can just go across from the Mall. And the Royal Bank's fees are too high even though they are closer. It seems that I cannot win.

That's too bad. I guess it depends where you live and which branch you go to. I used to live in Winnipeg but now I live in Calgary. But I go to the CIBC branch in a town called Strathmore since I work in that town. I have never seen a line up there.

I asked the teller about it, and it is just when you do it through email and to an unregistered account, like for instance, I have my ing account transfer registered with my Bank of Montreal and my Bank of Commerce but if I were to transfer to someone else, it would not work. Anyway by the time he finished telling me, I was more confused then ever.

I have not tried transferring from one bank to another. Usually what I do is to use my Ing investment savings as a go between if it is a lot, but most often I withdraw the money from one bank account and then walk up the block a ways and put the money in the other bank account.

I can transfer money online from my RBC account to any other RBC customer or company that has registered with them with no extra fees whatsoever. I cannot transfer money to another banking institution though. For that, I use email money transfers. They cost $1.50 each, but I get 2 per month for free included with my banking package fees. I pay $11/mo for $500 Overdraft Protection and a host of other services. ie, free personal cheques, free money orders, $14 discount on safety deposit box, no charges for cheques written and a few more I can't think of right now. Personally, I think the Royal Bank is the best one. Particularly for Customer Service. I used to be a Legal Secretary and TD was the easiest to get a mortgage from, but the worst for CS. I tried to open a bank account at the TD once, with a Gov't Income Tax Refund cheque once, on the insistence of my current boyfriend. And I wanted to use most of it to deposit into the account, but they wanted to put a 10 day hold on it before I could access ANY of it. I asked them if that was going to be the norm for my account all the time or was it just because I was a new account. She said it was normal all the time. I told her that I could walk across the street, go to the RBC bank machine, and cash this very cheque for $500, without having any balance in my account to cover it. The Royal would trust me that much. So, they have been good to me, and I have stuck with them for almost 30 yrs now. In fact, when no other bank would give us the 1st mortgage here 6yrs ago when we bought this place (my first), it was the Royal that approved us.

Here in Canada they charge you for everything unless you are a student or a senior citizen and then it is just for a basic account.

I have not checked the amount they limit you to, but I wanted to transfer so much a month so that I would have enough for Christmas this year instead of using all the money I had that month in December. So I wanted it to be easy on me.

I think they got rid of charging fees for using checks, but they still have this charging a fee for arranging an automatic transfer each month from one account to another. The trouble is that that means that now I have to do the transfers individually. I hope they do not charge for seniors. I will have to get the revised pamphlet and see if they do not, then I am all right, but this is so bad and I do not like the idea of looking for another bank.

I will have to do that. I just got last month's statement and it did not have any charges so I will have to check online to see if it is going to come through. I know when I go down and transfer individually I do not get any charges, but who wants to go out in this weather unless necessary?

So far they have not charged me yet, but maybe I should check and see before I put my foot in my mouth. It might depend on how many transfers I do each month, like the third automatic transfer costs and you get the first two free. I did check, but it is not the end of the month yet, and I know this bank does not send statements for that month until the middle of the next, so maybe I will have to wait until February to see if they charge anything. I hope they do not. I would be very upset.

I am careful to avoid overdrafts, but I hate it when I want to do something every month automatically like transfer from my savings to my checking, and then have them charge $5.00 for the transaction. It is not that I have a lot of money in the bank and that I will get that back in interest, because I just get my pension check.

I think their slogan should be "We Soak You!"

We have our joint account in the credit union, but it is a long walk to there. My husband cannot drive now, and once a year, they want us to bring in our old atm debit card and get a new one. I wish there was a branch closer to where we live.

The trouble is if I did not make an automatic transfer, they do not charge. But if I said I wanted to put fifty dollars every month into my ING, they would five dollars for the transaction. It is as if they think that I am going to transfer two thousand dollars a month automatically instead of just a little amount. Sounds rather silly to me.

I have an account with CIBC and my husband thinks I should put all my money in it, but I do not like the long line ups. I do not know if they excuse the charge for the Bank of Montreal or not. I will have to wait until my next statement, but the TD is farther away. I do know in the Bank of Montreal, they sometimes get confused with names especially if your husband does not have the middle initial. So am I married to the one who is quite honest or the one who is a crook?

And I am a senior citizen, but even I get charged for some things. Do you know if you have three accounts, you have to have them on one page or they will charge you to send out the second statement? And no matter what bank, they find something to charge you with. And some are even worse.