bank question
15-Jul-2003, 12:17 AM
#23
Registered User
Join Date: May 2002
Posts: 111
If you don't get it back in a day or two you can go into the branch and fill out a form saying you made a mistake at the machine. I wouldn't worry thought cause i made a mistake of shorting myself 1,000 cash on a deposit and it was fixed in the next 24 hours.
The only way you won't get service charges is if you work for the bank or if you are an old fart heh
The only way you won't get service charges is if you work for the bank or if you are an old fart heh
15-Jul-2003, 03:26 AM
#24
Registered User
Join Date: Jul 2003
Location: Vancouver, BC
Posts: 28
when the envelopes get processed they will make the necessary adjustments, in addition (just so you'll feel safe) they wont think its fraud because you punched in a lower amount than u actually deposited. but yea, everything is done automatically so dont fret it. just keep your receipt just in case.. and about pocketing the cash.. they wont do that.. all envelopes are opened by two cash officers. atleast thats how we do it at RBC..
15-Jul-2003, 03:36 AM
#25
Registered User
Join Date: Apr 2002
Location: markham
Posts: 949
don worry..i had the same thing happen to me....you don't even have to call, they will do everything automatically....don worry...this is peanuts to them...and the bank can't scam you.....its a major financial organization..adn usually ,the bank atellers are not able to leave until every penny is acounted for...so.....
15-Jul-2003, 05:36 AM
#26
Registered User
Join Date: Mar 2003
Location: Hamilton, Ontario
Posts: 1,223
same thing happened to me, i was depositing both my pay cheques from my jobs and i put under number 1 xxx number 2 xx i only put 1 cheque in the envelope cause i thought it was gonna say now put the #2 one in after the first, well i ended up depositing the 1 pay 2 times, it showed up on my statement i had all that extra money in there but eventually a few days later i recieved a letter in the mail stating the bank made the following changes to my balance didnt charge me service fees or anything
Thats what I do.
15-Jul-2003, 10:53 AM
#28
Registered User
Join Date: Aug 2002
Location: Markham, Ontario
Posts: 897
Both CIBC and TD have chequing accounts that will waive all service charges if you maintain a balance of at least $1000 at all times.
Originally posted by gatherer
how does the average person that does not work for the bank get that?
how does the average person that does not work for the bank get that?
15-Jul-2003, 11:04 AM
#29
Kevin, if you invest $1000 for one year at 5% elsewhere, you get $50 at the end of the year... that's over 12 months $4.16 in interest.... soooooo, you are giving up the possibility to make $4.16 monthly by leaving the money with the bank... however, it ALL charges are waived and you do a lot of banking, that's a pretty good deal.
15-Jul-2003, 11:12 AM
#30
Registered User
Join Date: Jun 2002
Location: Toronto
Posts: 250
Originally posted by bbarbulo
Kevin, if you invest $1000 for one year at 5% elsewhere, you get $50 at the end of the year... that's over 12 months $4.16 in interest.... soooooo, you are giving up the possibility to make $4.16 monthly by leaving the money with the bank... however, it ALL charges are waived and you do a lot of banking, that's a pretty good deal.
Kevin, if you invest $1000 for one year at 5% elsewhere, you get $50 at the end of the year... that's over 12 months $4.16 in interest.... soooooo, you are giving up the possibility to make $4.16 monthly by leaving the money with the bank... however, it ALL charges are waived and you do a lot of banking, that's a pretty good deal.
And u can safely deposit cash in abm's....all the time....don't listen to what that guy said on page 1.
15-Jul-2003, 11:24 AM
#33
Originally posted by sanjay
Bruno....i'd like to see where u can get 5 percent on 1000 bucks
Bruno....i'd like to see where u can get 5 percent on 1000 bucks
cosmic, I wonder if ppl realize what your sig says is true
15-Jul-2003, 11:30 AM
#36
Registered User
Join Date: Jun 2002
Location: Toronto
Posts: 250
Originally posted by gatherer
really ... I just got one for 2.0% per year for 1 year ... I got it because I don't have a clue what to do with my RRSPs
really ... I just got one for 2.0% per year for 1 year ... I got it because I don't have a clue what to do with my RRSPs
it depends on a lot of variables......bmo (where i work) offers like 30 different kids of gics......and yours might be locked in for one year.
generally gic's aren't normally something ppl our age do
15-Jul-2003, 11:33 AM
#37
Registered User
Join Date: Jan 2003
Location: on a race track
Posts: 17,846
yeah mine is locked for a year... but then again I wasn't getting super advise from the person at the bank I think now that I've had time to research stuff a bit I can honestly say "oppps" hehehehe I've heard BMO is great for investors ... and has information on fundsother then just BMO funds
15-Jul-2003, 11:45 AM
#38
Registered User
Join Date: Aug 2002
Location: Markham, Ontario
Posts: 897
I easily accumulate over $5 per month in service charges.
Originally posted by bbarbulo
Kevin, if you invest $1000 for one year at 5% elsewhere, you get $50 at the end of the year... that's over 12 months $4.16 in interest.... soooooo, you are giving up the possibility to make $4.16 monthly by leaving the money with the bank... however, it ALL charges are waived and you do a lot of banking, that's a pretty good deal.
Kevin, if you invest $1000 for one year at 5% elsewhere, you get $50 at the end of the year... that's over 12 months $4.16 in interest.... soooooo, you are giving up the possibility to make $4.16 monthly by leaving the money with the bank... however, it ALL charges are waived and you do a lot of banking, that's a pretty good deal.
