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.