Quote:
Originally posted by Reak
no it's not.
40 checks from $30
to get the money from the check, the bank charge $15
$1200 is the total worth, but with the money the bank charge it's just $600 + it cost you a shit load of time at the bank.
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we're in Canada, not Europe. depending on the service plan you have with your bank account, depositing checks is free. and without a service plan, it's usually less than $5. more often .50 or $1 only.
Jimbo, I have an american account at TD Waterhouse (I work for TD Visa). It's a great account.
http://www.tdcanadatrust.com/usbanking/checking.jsp
It's an American account in American dollars for Canadian residents, as opposed to a Canadian account in American dollars, like you have now. There are several benefits to that (checks clear faster, wires are cheaper, etc).
They don't have a physical location, so all checks must be mailed to them. Usually takes about 3-4 business days. They give you a Visa check card, so you can withdraw your funds at most ATMs worldwide or you can use it wherever Visa is accepted.