When it comes to hidden surcharges and fees, Canadians are seeing red – and it’s no wonder, as our nation’s big banks have amped costs and cut back on services, according to a recent study. But it’s not all bad news – an ATM network provided by Canada’s alternative lenders and credit unions is expanding to bring fee-free cash access to thousands more. Read on for the full story.
Canadians Are Less Satisfied With Their Banks – JD Power
How happy are you with your bank? If the answer is “less than enthralled”, you’re not alone: the 10th edition of J.D. Power’s Canadian Retail Banking Customer Satisfaction Study finds Canadians overall are less content with their lenders than they were last year. Fees and a reduction in services top the list for consumer complaints. Get our full breakdown.
Read Penelope’s Blog | Canadians Are Less Satisfied With Their Banks
How An Income Suite Can Help You Qualify For a Mortgage
Buying a home with a rental income suite is a popular tactic for many new owners. Having a renter is an effective way to reduce the financial burden of a mortgage – something all cash-strapped buyers can certainly appreciate. Now, there’s even more reason to rent out part of your abode, as the CMHC announces 100 per cent of rental income can be used when qualifying for your mortgage.
Read Sean’s Blog | How an Income Suite Can Help You Qualify For a Mortgage
The Exchange: A Growing No-Fee ATM Network
Banking with an online-only or alternative lender used to mean shelling out ATM fees to access your cash. Not anymore, as The Exchange, a quickly-expanding network of surcharge-free ATMs, grows by 30 per cent in Canada. Consumers can have their no-fee cake and convenience, too. Read on to learn more.
Read Jaclyn’s Blog | The Exchange: A Growing No-Fee ATM Network
Canada’s Retail Credit Card Renaissance
Is it ever a good idea to sign up for a retail credit card? Store-offered cards are experiencing somewhat of a comeback in Canada as they offer features rivaling some of the best on the market. So, are they worth another look?
Read Sean’s Blog | Canada’s Retail Credit Card Renaissance
How to Hit Cottage Country for Less
With the last long weekend of the summer fast approaching, many of us are making plans to go somewhere fun. For a lot of us, that place is cottage country. If you don’t have your own cottage to hit up, don’t fret. There are still options – but you’ll need to act quickly if you want to nab a deal.
Read More | How to Hit Cottage Country for Less
This week, we asked our social media followers:
What do you use more – cash or credit?
Want in on the winning action? Answer this week’s Q:
Do you carry any student debt?