Banking Fees

Do you know how much you pay in banking fees every year? A study released on April 10th, by Koho (a Canadian Financial Tech Company), shows Canadians pay a median $159 in charges a year. “The number of fees that we’re being charged, and the amount, are still not obvious to access and I think that’s been a profitable practice for banks,” Koho Chief Executive Officer Daniel Eberhard. It’s Koho’s marketing strategy certainly, but it could lead to greater banking transparency.

Here’s a link if you want to know more: https://www.bnnbloomberg.ca/billionaire-family-scion-slams-canadian-banks-over-opaque-fees-1.1242325