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THE FEES YOU'RE PAYING: JUSTIFIED OR JUST UNFAIR?
Here are some typical bank fees, service charges, and minimums, with typical amounts Canadians are charged for each.  Tell us, and the world, what you think.  Are they fair or unfair?  That is the question.
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Question Fair Unfair Fair but too high

Savings account withdrawal fee

$5 per withdrawal after first withdrawal each month

 4% 88% 6%

Opening a TFSA (the new tax-free savings account)

$50 administration fee

2% 88% 8%

Account Minimum

$5000 minimum for top savings account interest rate

 10% 73% 16%

Interac Withdrawal Fee

$1.50 per withdrawal at ATM other than own bank

 10% 58% 31%

Interac Email Money Transfer

$1.50 each

11% 63% 25%

Statement updates at ATM

$1.50 each

6% 82% 11%

Overdraft item handling

$5.00 each

29% 41% 29%

Non-sufficient funds (NSF a.k.a. 'bounced cheque')

$40.00

18% 29% 51%

Cheque certification

$10.00

12% 42% 44%

Money orders and bank drafts

$7 each

 13% 30% 55%

Stop-payment

$10.00 each

 13% 38% 47%

Over-the-counter cheques

$0.50 each

 28% 54% 16%

Inactive account fee

$20.00 per year

5% 86% 8%
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