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Musical Doc wrote:Anybody this week transferred money to another scotia account and was charged $1.50? I transferred 3 payments to pay off my credit card and was charged $1.50 each time. Queried it on the phone and I was charged in error, only if you transferring to an outside bank then you supposed to be charged. First the lady explained to me so I asked, so I'm being charged for paying my own credit card which is a scotia card? Then she ketch herself when she realized it wasn't an outside payment. I haven't seen the charges reversed yet.
Musical Doc wrote:Anybody this week transferred money to another scotia account and was charged $1.50? I transferred 3 payments to pay off my credit card and was charged $1.50 each time. Queried it on the phone and I was charged in error, only if you transferring to an outside bank then you supposed to be charged. First the lady explained to me so I asked, so I'm being charged for paying my own credit card which is a scotia card? Then she ketch herself when she realized it wasn't an outside payment. I haven't seen the charges reversed yet.
Who did you write to specifically?bluefete wrote:Musical Doc wrote:Anybody this week transferred money to another scotia account and was charged $1.50? I transferred 3 payments to pay off my credit card and was charged $1.50 each time. Queried it on the phone and I was charged in error, only if you transferring to an outside bank then you supposed to be charged. First the lady explained to me so I asked, so I'm being charged for paying my own credit card which is a scotia card? Then she ketch herself when she realized it wasn't an outside payment. I haven't seen the charges reversed yet.
Write the Board and CEO in Canada and see how fast they reverse the charges.
Had a problem with RBC, wrote Canada and problem solved in no time. I did not even bother to write RBC Trinidad . Went straight to Canada.
toyolink wrote:DIC protection limit is$125,000 and when a major bank collapses, one wonders what happens with major accounts which generally are the back bone of financial institutions (which include pension and other retirement funds).
Central bank regulatory and surveillance is extremely important to keep financial institutions in check and our financial sector history just don't provide any true sense of confidence.
We sit on a very shaky pack of cards and unfortunately our individual financial existence demands having a relationship in a 'bank'.
redmanjp wrote:toyolink wrote:DIC protection limit is$125,000 and when a major bank collapses, one wonders what happens with major accounts which generally are the back bone of financial institutions (which include pension and other retirement funds).
Central bank regulatory and surveillance is extremely important to keep financial institutions in check and our financial sector history just don't provide any true sense of confidence.
We sit on a very shaky pack of cards and unfortunately our individual financial existence demands having a relationship in a 'bank'.
so if u have $500k u only getting back $125k in the event of a collapse ?
also that limit is per account or per customer? so if u split money into 2 accounts let's say $250k in each, u will get back $125k each, equaling $250k?
Pirate wrote:Sounds about right.
The only problem is that after paying off debts and everything else, the remainder is usually pocket change.
Can someone clarify something for me.
If you have 125K at 3 different banks (FCB, RBL, RBC) all of which are DIC certified, the get back the 125k at all the institutions since it is at the insured level?
bluefete wrote:Pirate wrote:Sounds about right.
The only problem is that after paying off debts and everything else, the remainder is usually pocket change.
Can someone clarify something for me.
If you have 125K at 3 different banks (FCB, RBL, RBC) all of which are DIC certified, the get back the 125k at all the institutions since it is at the insured level?
You will get back 125K x 3 IF all 3 banks go through.
Pirate wrote:
It is 125K insured in total for all your accounts in the bank iirc.
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