In the cut the fee series, I’ve managed to cut my banking fee by 50% and more.
I was doing every transaction with National bank of Canada since I was a kid and I was paying a monthly fee of 6.25$. But since the last increase of fee in May from 6.25$ to 8.25$ , I’ve chosen to do most of my transaction with Tangerine. Tangerine are offering unlimited free transaction and is owned by Scotia Bank. By doing this, I downgrade my fee to the 3.25$ package at NBC and this will save me 5$ by month just by using Tangerine. This saving represents 60$ by year.
The only reason why I didn’t cut everything from NBC is they have more bank/ATM around me than Scotia bank. Also, I love the fact that I can go somewhere if I need something that I don’t really understand well to talk with them.
If you want to open an account with Tangerine, you can use my Orange Key 17418138S1 and get a $50 Bonus! Visit tangerine.ca/referafriend
Note:I will receive a bonus if you use my orange key, but I only recommend what I am really using.