It may seem like a hassle to switch banks, but there are a number of options if you’re unhappy with your current service. Read on to find out how you can complement your current service.
The latest consumer survey from CMHC finds mortgage renewers are the most loyal to their lenders – 86% of them stayed with their bank once they already had their mortgage in place. Check out the survey’s top consumer highlights.
Today is Black Friday 2014 – are you ready to hit the mall? Check out our top tips for cashing in on this mega shopping event – plus, catch up on the week’s headlines.
Would you switch banks for a big incentive like a free tablet? A recent study from Oaken Financial finds Canadians are put off by “tease em and trap em” practices, and should focus instead on products with real value.
Did you know: Canadians identify their “main bank” as the one where they keep their chequing account. 91% of consumers have one at their primary lender, according to our recent study. But things get foggier when it comes to why they signed up with their bank in the first place – in a recent street poll, many stated they’d been with their banks since childhood. Seems like it’s high time we explored our options for greater value!
Canadians may be a loyal bunch when it comes to the “Big 5” lenders – but even the most dedicated consumer would switch banks for significant savings. A recent survey conducted by RateSupermarket.ca, Canada’s comprehensive rate comparison site, found 84% of consumers would consider a switch – as long as they’d save an average of $644.43.
When pro poster Pracheer arrived in Canada, he found his banking options to be limited due to his lack of Canadian credit history. However, BMO took a chance on him – and made a loyal customer for life. However, while BMO offered great service, Pracheer took notice of great rates from other lenders… and wasn’t afraid to make the switch.
A recent survey finds hidden bank fees are the biggest consumer pet peeve – and they’re willing to switch banks to avoid them. Here’s what to look for if you’re on the hunt for a new chequing account.