Quote:
Originally Posted by PowerPlayoffs06
Why the Hell do we have to pay bank fees?
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I have to start by saying I'm not anti-business and that profit is NOT a four-letter word in my vocabulary (like some corporate bashers). Banks are in business to make money. Businesses incur costs associated with providing these services.
Having said that, Canadian institutions like banking, insurance and telecom sectors are more profitable than those in other developed (western) nations. That's because Canadian companies typically charge more for service charges or other fees.
However, instead of bashing banks (or any other company) for trying to make money - why not allow more competition? If consumers had more choices then companies providing those services would be forced to provide more competitive pricing.