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gonkgrad01 View Drop Down
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Joined: 31/March/2008
Location: United States
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    Posted: 31/March/2008 at 12:25pm
My student loan (Canada/Ontario) are in good standing and I have been paying off.  I created an issue for myself that keeps getting muddier though.  I moved to the USA in Jan 2006 - and have been here since.  In order to continue paying my student loan - I had to maintain my RBC Canada bank account (fees included), then open an RBC Centura (Essentially RBC usa) account (fees also included), so I can then transfer money from my local USA bank account to the RBC Centura one, then online - transfger the money into my Canadian account so that the automated monthly payment comes out and I remain in good standing.
 
If you have followed that - then I thank you for listening.  If your saying (WTF) with me now..thanks as well.  I essentially - to make my regular payment on my student loan, maintain 2 banks account - seperate from my main bank account and cover the fees (roughly $6 a month).  I'd really like to shutdwon my RBC canada account - as why do I need it now being here..and the Centura one..however, they keep telling me I have to make that automated payment from my RBC Canada account..and now, RBC Canada as of May 1, 2008 is telling me my pay-as-you-go account where it is .50 a transaction..essentially my 1 stud loan payment out of there...will be eliminated as an account option and ill  be forced to pay a $4 monthly account fee..there are no other options that are cheaper or pay as you go...does this make any sense..2 accounts, 2 bank fees per month to pay 1 loan payment?  obviosuly i am not in the positon to pay it off entirely or get a loan to do so and pay the loan off here...help!!
 
agghhh..someone please help!!!
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sharpetorium View Drop Down
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Joined: 06/September/2005
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Post Options Post Options   Thanks (0) Thanks(0)   Quote sharpetorium Quote  Post ReplyReply Direct Link To This Post Posted: 20/May/2009 at 8:04pm
Wow, complicated!  This is over a year late and more than a dollar short, but I'm also in the US and pay from here.  I send them a two cheques every month -one for each loan- drawn from my account here.  On each, I write "US FUNDS" on each and I've never had a problem.

No charges from either them or from my US account, other than that the mail system sucks and they sometimes are a few days late, so extra interest.
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administrator View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 24/May/2009 at 10:34am
I have on occaision recieved a US cheque... they convert it and deposit it on the spot. Make sure the cheque clearly says US funds...
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Mark O'Meara

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