Comments on: No-Fee Chequing Account from Citizens Bank

By: john

john — Tue, 01 Sep 2009 20:39:57 +0000

Citizens bank customers must simply switch to PC financial instead of TD. Why pay fees when you an get it for free? I am happy today I did that 3 years ago and have been extremely happy. I even did my mortgage with them (even got my closing costs’ draft from them). They are awesome! Just Go for it guys!

By: Citizen’s Bank Shutting down Free Chequing Accounts | Canadian Capitalist

Citizen’s Bank Shutting down Free Chequing Accounts | Canadian Capitalist — Mon, 10 Aug 2009 01:47:59 +0000

[...] Choice Financial has become the only option for Canadians wanting a free chequing account. Citizen’s Bank of Canada, which launched a no-fee chequing account just last fall, is shutting the doors on most retail products: We’re moving to a more streamlined business model [...]

By: Jeff

Jeff — Sun, 24 Aug 2008 15:50:27 +0000

Linda Rocco,
Can you clarify for me about opening the PC account in Cornwall: Can I open an account there using my Montreal address? Or will I need to use an ON address to open the account and then change it to my QC address?
Thank You!
I want free checking!!!

By: A Lap Of The Blogs : WhereDoesAllMyMoneyGo.com

A Lap Of The Blogs : WhereDoesAllMyMoneyGo.com — Fri, 22 Aug 2008 02:59:20 +0000

[...] Canadian Capitalist reveals that there is a new option for those looking to save money on their chequing accounts (a no fee option). [...]

By: Mark

Mark — Thu, 21 Aug 2008 22:54:15 +0000

There’s also the credit union option.

By: nancy (aka citizensbanker)

nancy (aka citizensbanker) — Thu, 21 Aug 2008 16:38:33 +0000

@cc Thanks for the plug!

By: Christine

Christine — Thu, 21 Aug 2008 05:37:02 +0000

Thanks so much everyone for your advice! So it looks like I can keep my PC accounts in Quebec since they’re already open – thank goodness. Hopefully if I have to switch in a couple years, there will be more competition by that time.

In case anyone’s curious, the gist of the issue is that Quebec law requires you to open a new account in person – yet another example of our law system not being caught up to digital technologies. C’est la vie!

By: Linda Rocco

Linda Rocco — Thu, 21 Aug 2008 04:00:14 +0000

Regarding PCF and Quebec, do what I did, I opened my account in Ottawa 5 years ago and I’ve been using it in Quebec since that without any issue at all.

The closest PCF location from Montreal is The Independant’s Grocer in Cornwall. Helen works there and believe me, she’s used to open accounts for Quebec residents.

By: Charles

Charles — Tue, 19 Aug 2008 15:11:46 +0000

Not only has Coast Capital had this account for a while, but they’ve been airing cheeky ads in BC television stations:

http://www.youtube.com/watch?v=cq1E_o9Ysdc
http://www.youtube.com/watch?v=WLLj9ukcM9w
http://www.youtube.com/watch?v=EU5hWLYNRd8

The only reason I haven’t switched is because I might move back to Ontario one of these days and that’d be easier sticking with TD.

By: Canadian Capitalist

Canadian Capitalist — Tue, 19 Aug 2008 14:42:31 +0000

brad: I wonder if a pay-as-you-go might be better than shelling out $10 every month. Though I use a PC Financial account, my average number of cheque/bill payment/debit tends to be about 10 or so (though I could probably reduce even that by using a credit card or withdrawing bigger chunks of cash). Of course, this means using a credit card everywhere and may not be appropriate for folks who have a spending problem.

Anika: Thanks for the tip about Coast Capital Savings.

Chuck, Traciatim: I guess this is another unfortunate by-product of our patch work quilt of regulations.

MDJ: Yep, Nancy mentioned breaking the news to bloggers and she’s already posted this on her blog. I think this is great news even though PC Financial has been around for a long time. Competition is great!