Subj : Cash for coin..
To   : AUGUST ABOLINS
From : Rob Mccart
Date : Mon Oct 27 2025 07:44:36

RM> i.e..  I saw that there is a $1.50 fee for eMailing funds
RM> to someone but I've never been charged for doing that,
RM> either because of the number of accounts I have or because
RM> I'm a 'senior'..

AA>Some banks offer X-number of eTransfers for free.  Then, there
  >is a charge for exceeded that.

I have at times needed to transfer say $10,000 from home ASAP
and done it by eTransferring the maximum daily amount for 4
consecutive days and not run into that. I'm sure there is a
monthly limit to go along with that daily limit ($3000) but
so far I've been okay on that.

Looking online they say most limit you to $3000 or $4000 a day,
$10,000 a week and $20,000 a month. You can request that be
increased though I hear, maybe just for one transaction..

AA>Most banks offer no fees for any db or etransfer transaction if
  >you maintain a minimum $XXXX monthly balance.  A rich boy like
  >you probably satisfies the latter requirement.

Actually for most of my life I have kept only a couple of
hundred dollars in my chequing account unless I am saving
up to do something requiring more than that. Money in your
chequing account doesn't make any interest for you so any
extra money I put into one investment or another.

But for many years RBC paid your monthly fee for you if you
were using any 3 of their banking services and, more recently,
CIBC changed my account to a senior's and they pay the fee for
me on that one. The fee is still there, you get billed for it,
and then they pay it for you for some reason, although RBC
does that the same way.

Possibly because I didn't OPEN any true senior's accounts,
I just got older using my old account which always had a fee
unless you kept a balance of $1500+ in it, as you mentioned.

AA>I'm looking to consider arranging a plain chequeing account
  >with Scotiabank because they seem to be the only bank left that
  >offers a "seniors" no-monthly cost and no minimum-balance plan
  >for ages 60+ ..and a few number of transfers are free.

That's pretty much what I got at CIBC..
Looking online their Smart Senior's Account says 'Reduced' fees
on your chequing account, free drafts and money orders, and 12
transactions a month for free. I'm not sure I have ever done
more than 12 but, again, I'm not certain I have any standard
account there. They do things for me that are not typical fairly
often.  i.e.. My unsecured Line of Credit is at Prime +1.99%,
rather than Prime plus 3.5% or more like it is for most people..

RM> interest paid on money deposited in the bank these days,
RM> and the accounts that do pay something, pay 1.25% a year
RM> or so, hardly worth thinking about.

AA>Yeah.. the rate is pretty pathetic.  Might be better to play/
  >invest into Bitcoin.  I just learned that Coinbase has an
  >accessible entry to buy crypto via credit card and etransfer.
  >Likewise, withdrawals can be arranged with etransfer.

So many Crypto plans have gone bankrupt the last few years they
worry me a bit. My nephew has a bit of that but he went nuts
buying silver instead. The return on silver has been over 100%
over the past 2 years so he may have had a good idea, but I feel
the best time to buy it was a couple of years ago, not now..

Most of my investments have made 12% to 14% a year for the
past few years, which is great compared to the past, but it's
hard to say where things are going given the ongoing confusion
with the American tariff war..

---
 * SLMR Rob  * Life is a glitched program... Marriage is Shareware
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