We are finally in June, and that means a lot of things; school is soon to end, letting out all of the kids into the wild, which is summer. But that aside, the more important thing that happened so far in this month is that the Bank of Canada has announced that they will be
Posts Tagged ‘holding’
Student Dilemma: OSAP Cheque Being Held
As some people might remember, just over a month ago I had some issues depositing a cheque into my bank account; in my opinion TD was wrongfully holding my cheque. I did get the money deposited, but it was a lot more of a hassle than it should have been. That being said, it came
Bank Rant – TD Wrongfully Holding Cheques
Last week Friday was my family’s annual Christmas party and it so happened that I needed to run into the bank and drop in my pay cheque. As with anyone dropping off a cheque, it is a routine task, walk in, talk to a teller and deposit the cheque into your account. I was prepared
Bank of Canada maintains Overnight Rate Target
The Bank of Canada announced that they see less of a need to raise interest rates, becoming the latest major central bank to take an even more cautious stance against the worsening global economy. That being said, the Bank of Canada has held its overnight rate, allowing it to be unchanged at 1%, where it
Cheque Holding Period Cut Down
I came across some very interesting news just recently, which has Ottawa cutting the cheque holding period. Ottawa is cutting the amount of time banks can hold cheques up to $1,500 to four business days from the present seven for consumers and small and medium sized businesses. The measures that were released today is part
TD Wrongly Holding Cheques
From the title you have already deduced that today’s rant will be about the Toronto-Dominion Bank (TD) holding cheques. You are probably wondering why that would even be an issue especially when it happens all the time.In my case it happened to a friend of mine who recently began working again, and started to drop










