TD Bank is making an aggressive push into foreign currency exchange. In a bid to snare business from local exchange kiosks, the bank has opened its first Foreign Exchange Center in its newly opened 52nd St. and Sixth Ave. branch. The branch has 15 currencies in stock, including the Canadian Dollar, the Japanese Yen and the Mexican Peso, and more than 70 available for purchase. Exchange service fees will be $7.50 for TD Bank customers and $10 fee for non-customers. “New York is a world-class travel destination and home to diverse populations, so it makes sense for TD Bank to create a legendary currency exchange experience at our store,” Chris Giamo, TD Bank regional president for New York told the Daily News. [email protected] *** Are you planning a trip? Take a look at the following tips from TD Bank: **Change your PIN. Most international ATMs do not accept the six-digit PIN numbers that are gaining popularity in the U.S. for added … [Read more...] about TD Bank opens first Foreign Exchange Center in new midtown branch
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Welcome to 2019. We’re all better, more responsible people now, and doesn’t that feel great? We’re getting our spending under control, excelling at our hobbies and setting up better boundaries with technology. We’re also not getting suckered in to paying fees on financial products anymore (or at least, we’re minimizing the fees we pay). The 2019 version of us knows how paying fees can derail our finances in the long term, and considering the lofty money goals we set for ourselves this year, that just won’t be tolerated. With that in mind, here’s how to avoid the most common fees in 2019. Bank Account Fees There’s no reason for anyone to pay a bank to hold their money. If you are, there are plenty of options out there that will save you money while providing the same amount of service and support. First, call your bank and ask if there’s an account you can be switched into that won’t charge you monthly maintenance fees. Your … [Read more...] about Stop Paying Unnecessary Fees in the New Year
How do you choose the best student bank account in Canada, you ask? Whenever I am making a decision, I like to list off my priorities and figure out who will deliver on what I actually need. When it comes to banking -- is it discounts that I want? A few perks? It turns out that it's free movies because it's the only thing that gives my brain a break from the books! But that's just me. I've also linked my student bank account to my student credit card to get the most out of those points. Depending on what you're looking for, here's a list of the top student bank accounts in Canada. Best for Online Banking Tangerine Chequing Account has a no-fee daily Chequing Account that pays you interest and is designed from the ground-up for online users. They have what they call a "switch assistant" which makes it insanely easy to switch everything over Easiest Application Process CIBC Smart Account for Students is a great option for students who want no monthly fees and unlimited transactions … [Read more...] about Best Student Bank Accounts in Canada
Robinhood is giving banking another shot. Ten months after the failed launch of a checking and savings account, the free stock-trading start-up announced a cash management account with a 2.05% interest rate. The APY is more than twenty times higher than the national average for savings accounts, according to Bankrate.com. In December, Robinhood said it would offer zero-fee checking and savings accounts with a 3% interest rate alongside its brokerage accounts. The move was seen as a shot across the bow of traditional banks. But the product saw swift pushback from regulators who questioned the SIPC insurance it was promising, which is meant for brokerage accounts — not for savings products. A day later, Robinhood said they would re-brand and re-name the product after the "confusion." "Over the past year, we pressed the reset button and started building this from scratch," CEO Baiju Bhatt told CNBC in a phone interview. "We've spent a lot of time and energy growing our business, and … [Read more...] about Robinhood makes second attempt at launching a high-yield account similar to banks
One of the good things about getting older is that you find a myriad of deals and discounts aimed toward seniors and often people several years younger than the typical retirement age. Even your bank might have something for you.Some banks offer special “senior checking” accounts that can come with attractive perks. But these accounts also can have drawbacks that should make you think twice. Here’s how to decide if a senior checking account is worth it for you.What is a senior checking account?Checking accounts for seniors are similar to regular checking accounts, though typically it’s easier to avoid annoying fees. You might qualify for senior checking as early as age 50 or 55. The accounts can offer a multitude of benefits, including:Waived account maintenance feesInterest on your depositsNo overdraft feesFree checksDiscounted or free safe deposit boxesFree personalized financial adviceDiscounts on movie ticketsThese perks might be very appealing to you, … [Read more...] about Should you get a senior checking account?