Bank Fees BMO, CIBC, RBC, ScotiaBank, TD

Every time I try to write an article about banks I end up looking online for the fees for a service or offering. It’s horribly frustrating because the banks are very good at NOT clearly linking to their fee, charges and commissions pages. So for my benefit and hopefully yours I’m going to list where I found the bank fees for BMO, CIBC, RBC, ScotiaBank and TD.

Don’t Trust Banks: Always Check the Fees


Always, always, ALWAYS, call a bank you’re interested in and talk about the current and proposed fees before making any choices. The fees seem to be changing on a monthly, if not weekly, basis. And frankly most of the changes are increases in existing fees and adding brand new never thought of before fees.

Many banks will also waive fees if you talk to them about what business you are bringing to them. They may also have fee “bundles” where you can get several fee-costing services for one lower price. Unfortunately, it seems like if you want to pay the lowest fees you need to talk to a real live human being.

Where to Find the Fees for the Big Five Canadian Banks

As of August 5, 2013, these are all the website pages listing fees that I could find. There may be more:

Bank of Montreal

Account Fees
http://www.bmo.com/home/personal/banking/everyday/fees-agreements

Additional Fees and Services
http://www.bmo.com/home/personal/banking/everyday/fees-agreements/add-services-fees

CIBC

Personal Account Service Fees, April 1, 2013
https://www.cibc.com/ca/pdf/personal-acct-service-fees-en.pdf

Additional Service Fees
(Statement; Plus; VISA; Account Management; Account Closing; Travel; Gifts; Personal Banking Services and Fees; Dormant Inactive Accounts; Miscellaneous)
https://www.cibc.com/ca/chequing-savings/additional-fees.html

RBC

Chequing Accounts
http://www.rbcroyalbank.com/products/deposits/banking-accounts.html

Savings Accounts
http://www.rbcroyalbank.com/products/deposits/savings-accounts.html

Fees for Additional Services
http://www.rbcroyalbank.com/cgi-bin/intelliresponse/ask.cgi/frame/set?question=What%20are%20the%20service%20fees%20associated%20with%20my%20account%3F&id=2581&content_url=http%3A%2F%2Fwww.rbcroyalbank.com%2Fproducts%2Fdeposits%2Fadditional-services.html

Save on Bank Fees
http://www.rbcroyalbank.com/products/deposits/save-on-your-bank-fees.html

MultiProduct Rebate
http://www.rbcroyalbank.com/products/deposits/multiproduct-rebate.html

Popular Bundles
http://www.rbcroyalbank.com/products/deposits/popular-bundles.html

ScotiaBank

Account Fees at a Glance
http://www.scotiabank.com/ca/en/0,,16,00.html

TD

Account Related Information and Administration Fees
http://www.tdcanadatrust.com/document/PDF/accounts/513796-20130803.pdf


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