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ValueSubtracted@startrek.website to Canada@lemmy.caEnglish · 1 year ago

Non-sufficient funds fee will be limited to $10 in Canada starting next year

www.cbc.ca

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Non-sufficient funds fee will be limited to $10 in Canada starting next year

www.cbc.ca

ValueSubtracted@startrek.website to Canada@lemmy.caEnglish · 1 year ago
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  • Sunshine (she/her)@lemmy.ca
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    1 year ago

    “A cap of $10 was chosen to balance the need to protect consumers from high fees with the need to maintain the integrity of the payments system by incentivizing consumers to honour their payments,” the department wrote.

    Nonsense, just cancel the transaction then.

  • CobraChicken3000@lemmy.ca
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    1 year ago

    That’s amazing! I remember being broke and being hit by NSF. It was downright devastating. $40 or $50 is a lot when you have no money.

  • Sunshine (she/her)@lemmy.ca
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    1 year ago

    Finally it’s about time we stop the big banks from screwing everyone over.

  • Nouveau_Burnswick@lemmy.world
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    1 year ago

    Should have gone the Québec route and removed NSF charges.

    • Sunshine (she/her)@lemmy.ca
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      1 year ago

      Quebec is often ahead of Canada as they also have election spending capped at $100 per year.

  • smeenz@lemmy.nz
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    1 year ago

    Non-sufficient ? Do you mean insufficient ?

    • ValueSubtracted@startrek.websiteOP
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      1 year ago

      I don’t mean anything, as I didn’t write the headline.

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