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Opening new bank account

Printed From: CanadaStudentDebt.ca
Category: Dealing with the Banks!
Forum Name: CiBC and Edulinx Horror Stories
Forum Description: Problems with CIBC and Edulinx!
URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=6863
Printed Date: 28/March/2024 at 4:48pm
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Topic: Opening new bank account
Posted By: KimM
Subject: Opening new bank account
Date Posted: 07/April/2014 at 1:25pm
Okay, cost of living is going up but my paycheque remains the same so I am looking at ways of cutting back. Under scrutiny at the moment are bank fees. Currently I pay about $25 per month at TD and I am looking at PCFinancial (CIBC) no fee banking. Question: if I have RBC student loans from the 95-2001 era does RBC/CIBC have any kind of agreement such that RBC would be allowed to take my paycheque from my proposed CIBC account? An answer would be appreciated. Thanks

BTW: ARO has phoned me 19 times in three weeks at my work. I don't answer and I haven't filed an income tax return in 3 years. Am I bad. Rather than be a victim I refuse to acknowledge. Anyone want to talk about the real issues, bring it on.


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Nehemiah 5:7 Then I consulted with myself, and I rebuked the nobles, and the rulers, and said unto them, Ye exact usury, every one of his brother. And I set a great assembly against them.




Replies:
Posted By: SolveStudentDebt
Date Posted: 08/April/2014 at 12:04pm
No. They only way they could do that is to sue and obtain an execution order and serve it on the bank that holds your account.  RBC can only arbitrarily take money from a RBC account in your name.



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Posted By: KimM
Date Posted: 10/April/2014 at 12:43am
Thank-you Johnny.

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Nehemiah 5:7 Then I consulted with myself, and I rebuked the nobles, and the rulers, and said unto them, Ye exact usury, every one of his brother. And I set a great assembly against them.




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