Sunday, June 10, 2007
TD BankNorth Sucks!
Snork Maiden has a savings account with TD BankNorth. Don't worry, she also has one with HSBC but keeps this one because her pay is paid into it directly and rearranging that is a hassle. This savings account pays less interest in a year than HSBC would pay in a month on the same amount. Anyway, she fell afoul of the six withdrawals rule. Not only did TD BankNorth send her a warning letter as expected, but they also charged her $20 per transaction over the limit of six per month! When she phoned up to try to get them to cancel the charges they claimed that the government made them charge. This is incorrect and nonsense. The six withdrawals rule is a government rule but the charges are entirely their own. HSBC made no such charges. The $60 in fees is the equivalent of three years interest! Don't use TD BankNorth if you can avoid them!
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3 comments:
That is so bogus "it's a gov't rule" my arse!
I recently read that Schwab is going to offer an interest bearing checking that she may be interested in to replace this one?
I've never heard of them.
i strongly suggest you have snorkmaiden move over to HSBC and close the account.
i fucking hate td banknorth they give me random OD fees all the time that i dont even need.
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