Quote:
Originally Posted by First Lady
Don't get me started on the ATB.  ... too late.....
In my business I conduct the banking for some of my clients; in the course of a month I deal with nearly every major bank in Alberta.
I can tell you things like; RBC is the worst for business service charges, CIBC and Scotia do not have convenient locations, the TD despite their long hours always has line ups, etc…
But the most alarming discovery I have made is that the Alberta Treasury Branches (ATB) are the best place to launder money. Now, this should not to be construed that I do launder money or that I encourage it; but if I have figured it out, certainly the criminals have as well.
Case in point:
For one of my clients I deposit payroll cheques and sometimes cash (hotshot) on behalf of the employees. One particular employee deals with the ATB. His cheques were continually being held. The only explanation they gave was “that’s the way we do it”.
I asked once; “These cheques are going in on a regular basis without any NSF problems. Doesn’t that constitute a good record and further cheques should be accessible right away?” …. Answer: NO.
We then we switched to doing certified cheques for this employee, yet the issue continued. So I asked them; “Why on earth would you hold “certified funds”, they are the same as cash?” To which they said; “With the amount of cheque fraud, we must still wait for the funds to clear.” Huh? The money has already “cleared” at the bank it is drawn on. |
Welcome to the greedy/useless world of Canadian banking and their
sneaky (
which nobody in this ffing election campaign has touched) interests.
http://forum.calgarypuck.com/showthr...ht=money+order
My responses in the UK (my brother works for a bank) were either (1) Gross incompetence, (2) Bank is ripping you off (3) You've been in Canada 4 days since you ordered the money order. It's already been drawn against an account therefore it's been cleared!
Also: When you start to pay a mortgage the % interest goes down