04:30:04 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Bank of Nova Scotia
Symbol BNS
Shares Issued 1,214,877,959
Close 2014-04-16 C$ 65.15
Market Cap C$ 79,149,299,029
Recent Sedar Documents

Globe says Scotiabank's Tangerine lauded for lower fees

2014-04-17 08:08 ET - In the News

The Globe and Mail reports in its Thursday edition free banking is not an oxymoron. The Globe's Rob Carrick writes children and students up to and including university age qualify for it pretty much everywhere, and the rest of us can get at least nearly free banking. Monthly fees on chequing accounts can range from $10 to $30 per month. Eliminate or reduce this cost and you have a way of getting back a little of the money you are losing to higher living costs. The official inflation rate is low right now, but hardly a household is immune from higher costs. In Ontario, for example, homes heated with gas supplied by Enbridge face an average monthly cost increase equivalent to roughly $33 per month. Groceries, property taxes and home insurance are other examples of rising costs that are tough to avoid. Now is a good time to consider the state of free banking in Canada for a couple of reasons. For example, Bank of Nova Scotia's on-line discount unit, the newly named Tangerine -- formerly ING Direct -- offers no-fee chequing accounts. ATM access is a huge factor when dealing with on-line banks and credit unions offering free chequing. Tangerine customers will be able to use Scotiabank's ATMs starting in June.

© 2024 Canjex Publishing Ltd. All rights reserved.