Bank Transfer Day

[Jim K Global Moderator]

I use USAA, no debit card fee's.

+1

...and you get reimbursed up to 15 dollars for ATM transactions.

[mduren2445]

American Banks that DID NOT AND DO NOT require bailouts of any kinds:

TD Bank. RBC. BMO Harris. Scotiabank. Put your money in a Canadian owned American bank, and it'll be safe.

Not so fast...TD Bank requires a $15 fee if you don't maintain a certain balance ($100) so I got rid of them and TD Bank has receivied bailout money thru the banks they bought out

http://en.wikipedia.org/wiki/TD_Bank,_N.A.

[Charisma Veteran]

I've been a BoA customer for years and years and always had great experiences with them, customer service was excellent, etc. I'm really disappointed at the prospect of having to start over somewhere else, but I will definitely be doing so--and I'll tell them exactly why I'm leaving as well.

[Allan]

Not the same fee. The US also has ATM usage fees that can be levied by your bank or the bank/owner of the ATM or both. The new fees are directly tied to using your debit card at places other than an ATM. So, buying that cup of Joe at Starbucks (or Tim Hortons for you) would throw you into the $5 fee camp (for Bank of America, the fee may vary for other banks).

That is a whole different class of fees that has people upset because both this used to be free and they don't see the need for the bank to levy the fee (the bank profits off the retailer when you use the card to pay). In essence the bank is double dipping (they want to charge on both legs of the transaction) and people aren't happy with that notion.

Currently, Credit Unions don't charge this fee and it may be a major competitive advantage for them to keep it that way. I am a Credit Union member and have been for a number of years after getting fed up with the massive amount of crap that you get from the banks fee wise. I haven't been upset by my Credit Union and I have no desire to return to a bank for my savings needs.

I'm fine with banks only for my credit cards where they seem to offer better terms and features compared to my Credit Union. This may be the trend that many consumers take.

Ah ha ... I see what you mean. When I buy a bag of chips at the SMALL store down the road, I'm charged $0.25 "fee". When I have Domino's deliver pizza, I'm charged a $1.50 "Usage Fee" if I use my ATM card. So again, it's not NEW for Canadian's to pay extra fees just to use our bank cards.

If I bank with Bank A, and go to pull money from Bank B, I get charged by BOTH banks for 'convenience' ... sometimes up to $2/time.