RBC to increase fees from June 1

RBC to increase fees from June 1

RBC to increase fees from June 1 The Royal Bank of Canada has announced that some of its customers will have to pay a fee when making regular mortgage or loan payments. The bank is increasing transaction fees across a wide range of accounts of payment types and the change means that savings account holders who make a mortgage payment will have to pay between $2 and $5 on each occasion. While the fees aren’t large, many will baulk at the principle. Those looking to make a saving on charges could perhaps pay their home loan through a child’s saving account which will only attract a $1 fee! A number of big banks have recently increased or added fees to their accounts in a bid to recover losses from lower interest rates although not all have added charges for mortgage payments… yet. 
 
20 Comments
  • NMH 2015-04-30 7:54:11 AM
    Despicable These guys need to be reigned in ! Consumers need to revolt against the audacity of the Big 5. Absolutely ludicrous. the Big 5 now want to charge you more for the privilege of making incredible amounts of money off the banking public. Time for some alternative options to come to the forefront and teach the big 5 a lesson. who has the entrepreneurial kahunas to step up ?
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  • nancy 2015-04-30 7:57:31 AM
    You should check your informations. It's sad to see such an inaccuracy posted on this site, its becoming no better then a tabloid magazine.
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  • John Cramer 2015-04-30 8:04:53 AM
    The charges appear to be there: http://www.rbcroyalbank.com/servicefeechanges/
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