Recent content by Sunspark

The reason the bank doesn't mind dealing with taxes often is because if you don't pay the taxes the city comes after you and the bank can't stop them and the property is sold for taxes owing and the bank gets whatever is left. If the bank handles your taxes for you for a fee+interest, they don't...

I see it as a good thing to manage the taxes separately from the bank!

Not redundant, the word you want to use is tautology. Sounds like a plan re: 5k. Go for it.

Diesel: For me I am happy to see Corrie's response because it is stated if you tell them in advance you are travelling then there is no problem. As far as the TD goes, their premium all-inclusive package that you referenced is pretty great but you have to leave 5k in the account otherwise it...

For people who use credit cards to gamble with, making cash advances from the card and receiving deposits sometimes into the credit card sometimes into their chequing account, is not a prohibited activity for many Visas as casinos, horse racetracks, etc exist legally. What is looked for is are...

RBC is one that forbids it but CIBC allows it as does TD. If you have a CIBC loc (or TD?) there is no point in also having a chequing account as the loc has cheques as well and accepts direct deposit. It is not illegal to overpay a credit card or loc. Many people do this if they are going on...

For the record I can confirm that CIBC allows me to use my bank card in Mexico.

Diesel: That's a problem for me that Tangerine/Scotiabank require you to be standing in front of an ABM. PCF gives you 2 hours to get to a machine. This is poor customer service because what they could say is that if you notify them you are travelling will that be acceptable or not? If it is an...

The brokerage account thing is too much hassle for too many people here including myself. Even when I was in a position to use it I didn't. I'm going to get that Amazon.ca Visa for myself because it's not specific to US currency. It will work for all the other currencies we might care about...

By the way Diesel and others, Amazon.ca rewards Visa card does not make you pay a 2.5% foreign exchange fee when shopping outside of Canada. It's also a no annual fee card.

What about having a line of credit elsewhere, deposit a check written from PCF or Tangerine then withdraw the funds from the LOC? I wouldn't close my CIBC LOC as it allows positive balances. Not all banks allow positive balances on a LOC. CIBC is one of them. In all respects, it is a chequing...

By the way, regarding the certain amount per day from PCF, why not link a branch account? Then you can do ETF to and from PCF without dealing with ABMs. This works for Tangerine too. Link your LOC.

Tangerine is the direct banking division of Scotiabank just like PCF is the direct banking division of CIBC. I just finished working at CIBC for the past 6 years and I like the Tangerine app a lot. I would be upset if my debit card was locked just because I was in the US because I'm hard of...

RIP Clayton, and my condolences on the sad loss of your friend DVS Bullet.

My condolences to your family on this sad loss Estrela.