Skip to content
Canajun Finances Home » Bank Fees » Page 6

Bank Fees

Infinite loop of cheque pricing by ChatGPT

Are Cheques Passé ?

Are cheques dead? This humorous and insightful look at the “BCM Cheque Lifecycle” illustrates how traditional cheque usage has become impractical and expensive in the age of digital banking. With costs soaring past $100 and predictions that they’ll be astronomical by 2030, it’s clear cheques are no longer the economical choice they once were. This flowchart walks through the absurdity of paying more just to write your own money, offering a tongue-in-cheek eulogy for a payment method that’s outlived its prime. If you’re still clinging to your cheque book, this might be the wake-up call you’ve been avoiding.

Bank Negotiation

In Banking It is All Negotiable

It is important to remember that in banking it is all negotiable. As example, I got a call a while ago from a friend asking me about what interest rate that I paid on my… Read More »In Banking It is All Negotiable

Cheque Ordering Flowchart

The Cost of Cheques

Cheque costs from banks continue to rise year over year, until the point that cheques will price themselves out of the market. Electronic transfers now outstrip cheques, so why are they so darn expensive?

Day of Rest

Banking on Sunday?

Banking on Sunday in Canada has been around for a while now, but is it such a wonderful service that we can’t live without it?

The Pain of Overdraft and Debt by ChatGPT

Overdrafts Summed Up Nicely

Overdraft charges are more than just frustrating fees—they’re financial red flags that deserve your attention. This article delivers a candid, humorous look at the emotional toll and personal missteps that often lead to overdrafts. Blending sarcasm with self-awareness, it reflects on the reality of poor timing, shared accounts, and why blaming external forces (like Fidel Castro!) won’t help your bank balance.

But it’s not all laughs—there’s a lesson too. To avoid future overdraft pain, consider setting up account alerts, maintaining a small buffer in your checking account, and reviewing spending weekly. If your bank allows it, link a savings account or line of credit to reduce or eliminate overdraft fees. Prevention is cheaper—and less humiliating—than paying for financial forgetfulness.
#Overdraft #Bank Fees

Verified by MonsterInsights