Im not speaking on your behalf but I find for a lot of people a big part of it is the culture of using a credit card. 98% of things you can buy with credit card, you can buy with interact, and it punishes the vendors less.
I’m at VanCity and they have fees. I looked hard and the only accounts I have without fees are not Canadian banks (mostly European or Japanese) - and while I use those as often as I can, I still need a Canadian institution for some things (like paying tax)
There are canadian credit unions in BC without fees. Not smart for be to say online where i bank, due to how people can glean info. But check around you will find it
I’ve spent too much pain with credit unions already. No, they didn’t work. Too many fees. I’ve spent literally years looking at different institutions in Canada and I have never found one that doesn’t have fees for what I do. It’s possible that what I do is different than what you do and that’s why you’re having a different experience.
I have a VanCity account only to pay tax. That’s it.
Other Canadian Credit unions are no fee chequing and savings, no fee interac, no fee transfers berween products. Maybe there is a fee if you are doing something else?
Im not speaking on your behalf but I find for a lot of people a big part of it is the culture of using a credit card. 98% of things you can buy with credit card, you can buy with interact, and it punishes the vendors less.
My bank has fees for using interact, so I just use cash. Cash still works.
We moved to a Credit Union. No account fees, no interaction fees
I’m at VanCity and they have fees. I looked hard and the only accounts I have without fees are not Canadian banks (mostly European or Japanese) - and while I use those as often as I can, I still need a Canadian institution for some things (like paying tax)
There are canadian credit unions in BC without fees. Not smart for be to say online where i bank, due to how people can glean info. But check around you will find it
I’m at a credit union. It has fees. I’ve never seen one in Canada with no fees. That’s ok! I use a EU bank and a JA bank that have no fees.
Search more in Canada. I haven’t paid any fees in 10 years. But hey EU banks for the win.
I’ve spent too much pain with credit unions already. No, they didn’t work. Too many fees. I’ve spent literally years looking at different institutions in Canada and I have never found one that doesn’t have fees for what I do. It’s possible that what I do is different than what you do and that’s why you’re having a different experience.
I have a VanCity account only to pay tax. That’s it.
Other Canadian Credit unions are no fee chequing and savings, no fee interac, no fee transfers berween products. Maybe there is a fee if you are doing something else?
This right here. When I lived in Ottawa I had a credit card i maybe used five times a year. Everything else was Interac.
This is true!