Subj : Cash for coin..
To   : Rob Mccart
From : August Abolins
Date : Tue Oct 21 2025 22:49:00

Hello Rob!

** On Tuesday 21.10.25 - 08:46, you wrote:

 >> she apologised if this process will take longer than expected
 >> since "we don't carry much cash anymore".

 RM> I think that depends on the bank. I've had CIBC insist you
 RM> call ahead to pick up amounts of cash bigger then $2000 or
 RM> so and yet one day at RBC I expected to be refused, but I
 RM> asked to take out $10,000 from my account and they said it
 RM> was no problem.

The next guy after you was probably told to call ahead!  :D


 AA>> ... There is a fee for every deposit - and
 AA>> the physical cash portion has a supplemental "handling"
 AA>> fee of its own now too! - so, now I tend to pay my bills
 AA>> in cash where I can.

 RM> It's decades since I was involved with a Credit Union but
 RM> I don't recall fees for simple things like that back then.

Just to clarify, this "cash handling" fee I am experiencing is  
for "business" account holders.  Ironically, there is no fee to  
deposit the cash in a personal account.  So, I dabbled with the  
thought of opening up a personal account on the spot,  
depositing the cash there, and then transfer it electronically  
to the business account - but that would highlight the  
stupidity of the bank's cash handling fee to easily.


 AA>> Fleeced: Canadians Versus Their Banks | Paperback
 >> Andrew Spence

 RM> My main bank, I find that even when I do something dumb that
 RM> generates a fee, they virtually always reverse the fee if I mention
 RM> it to them. [...]

Your main bank still has some common-sense people working there  
it seems. You are fortunate.  When I have complained about  
certain fees, I just get the story "the head office sets the  
policy - we can refer your concern to them."  No apologies, no  
empathy, just a referral.


 RM> More recently there was a $25 fee for something caused by
 RM> a misunderstanding of when the fee for a transaction would
 RM> come through. I expected it at the end of the month but
 RM> they put it through the same day I set up the service.
 RM> Again, a polite complaint that their system was not clear
 RM> and they reversed that charge so, in general, I've gotten
 RM> off fairly easy..    B)

Again, you have actual people who are willing to literally push  
a few buttons and reverse charges.

Not me.

I have a minimum $1500 balance with BMO that then waives fees  
if I do not go below $1500 at any time.  I had a series of  
payments I made one time just before midnight, and the balance  
dropped to EXACTLY $1499.99!  It was at the end of a banking  
period too, so there were extra fees that pulled the balance  
down to $1499.99, not just my outgoing payments.

The next day (a few hours later that morning) I noticed the  
damn $1499.99 balance and thought "WTF!"  I topped up the  
account to bring the balance closer to $2000.  But, sure  
enough, the next billing period treated the <$1500 state as  
criminal behaviour and I was charged for every transaction for  
the entire month because of that!

The banks have ceased to be "service for the client"  
orientated.  Instead, they are treating client as a source of  
cash for every activity or request.  I'm surprised banks don't  
yet have turnstiles and charge for admission.



-- 
  ../|ug

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