Now you’d think that closing an account would be a simple as, well, closing an account. I thought so too, but it’s not. To find out how to close a personal bank account and what happens if you leave it inactive for too long, I contacted Canada’s top 5 banks: RBC, CIBC, TD Canada Trust, BMO and Scotiabank. Here’s what I found out:
Financial planning is something many adults struggle with. How is a kid who’s still in kindergarten supposed to understand where money comes from and where it all goes? Well, if you start early enough, you can teach your kids how to manage their money properly, long before they get themselves into real financial trouble as adults.