srg83
May 29th, 2009, 11:45 AM
My gf and I are kind of fed up with PC - not the no-fee part, but the transaction holds part. Transferring directly from my TD bank account to PC results in a 5 day hold - makes no sense when PC clearly has the money and it's already gone from my TD account. Deposits through the ATM I understand, but not direct via banks.
Anyway all that aside, my gf and I are thinking of setting up a joint account with another bank - probably TD, but possibly ScotiaBank or BMO, depending on fees and services and such. Leaning toward TD because I already have an account there, and it'd be easier to transfer funds.
We're considering either a joint savings or a joint chequing account w/ the lowest monthly fee. I know that with a savings account, it's free, but you only get, I think, 2 free transactions per month and after that you're subject to a service charge.
I also know that transferring money INTO the account doesn't count as a transaction; if we transfer money out of the account into my account, that is a transaction; making a debit purchase is a transaction, and so forth. But what else counts? If we withdraw money from a teller rather than the ABM, is that a transaction?
If any bank employee can clear this up (again we're considering all banks, not just TD, so if you work somewhere other than TD please give me your input), I would really appreciate it.
Thanks!!
Anyway all that aside, my gf and I are thinking of setting up a joint account with another bank - probably TD, but possibly ScotiaBank or BMO, depending on fees and services and such. Leaning toward TD because I already have an account there, and it'd be easier to transfer funds.
We're considering either a joint savings or a joint chequing account w/ the lowest monthly fee. I know that with a savings account, it's free, but you only get, I think, 2 free transactions per month and after that you're subject to a service charge.
I also know that transferring money INTO the account doesn't count as a transaction; if we transfer money out of the account into my account, that is a transaction; making a debit purchase is a transaction, and so forth. But what else counts? If we withdraw money from a teller rather than the ABM, is that a transaction?
If any bank employee can clear this up (again we're considering all banks, not just TD, so if you work somewhere other than TD please give me your input), I would really appreciate it.
Thanks!!