Canada covid-19 experts pandemic Canada

‘A money grab’: As big banks raise fees, experts say Canadians have options

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globalnews.ca

COVID-19 pandemic hit Canada, Canada’s big six banks were quick to allow mortgage payment deferrals and other relief measures for customers struggling financially.

But a little more than a year later, some big-bank customers have been getting letters in the mail announcing a range of fee hikes on their chequing accounts.TD, for example, has increased the transaction fee on its TD Canada Trust Preferred Chequing account from $1.25 to $1.95 and is raising the minimum monthly balance for waiving those free from $2,000 to $5,000.

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