Update, installed in–Council last week (March 12)
The Treasury said on Wednesday the change would take on March 12, 2026.
The government announced at the budget last year that he would reduce the fees, which charges a $ 50 for large banks, which affected Canadians and poor people.
Customers sometimes see higher charges of Pennies. In the pasture of the Acts of the Acts facing TD Bank German last year, the Holy Plaintiff was driven $ 96 for 45 centimeters for the Paypal dealer after the seller tried to set a double purchase.
One third of Canadians paid the NSF fee to any year
During the NSF fines, the Federal Government said last year was measuring the proposed changes represent the benefits of 5.1 billion in the recent Consumer, and the cost of $ 4.8 billion in the banking.
It is estimated that banks charge NSF fees for 15,8 million bills in 2023, and about a third of Canadians have been hit by NSF at any time.
Debit Purchase does not matter the fees because such transactions were denied if there is not enough money in the account.
How can you avoid NSF’s money
The Canadian Bankers Association said in a statement that the money promotes responsible bank management, and that avoiding money, customers can regularly look at their account ratings, and look at excessive protection alerts.
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