An employer will often interview several qualified applicants for a job. Crossposted by 1 day ago. Seems it has changed, [–]poco 7 points8 points9 points 5 days ago (0 children). "Fiddle around the edges"? Here are some selected excerpts of that… Then they send me an email saying if I had overdraft protection it would have been $5. No fees, no spread. I’ve gone through periods where I needed to cut expenses and save money to pay off bills etc.. the only way it worked is when I hid the credit cards and used cash only. 15 years ago we took a look at the time involved to process someone using cash vs card, and we found cash transactions took 5X longer to process, had lower margins, and frustrates other customers. yeah its gross that I can borrow 10k for like what 30-50$ a month but someone with literally nothing has to pay 30$ if they accidentally go a few dollars over their chequing account. Unsurprisingly, consumers in the lowest income cohort, who use cash more and therefore receive less benefit from premium credit cards (e.g. If you do 80%+ of your shopping at Loblaws associated brands, it may be more beneficial to only keep a PC Financial card, but keep in mind there are plenty of cashback reward cards with no fees as well. Ya I don't get it. Yeah, NSF fees sound crazy. The cost on the company's end of dealing with delinquent payment issues is huge. Each bank also has their comparison tools for their own credit cards. Anyone spending less than $15k a year is getting downgraded to the PC basic mastercard, [–]Sporadica 1 point2 points3 points 5 days ago (0 children), You get a lot more points bonuses from PC if you use that subscription service for pick up and other items (bonus points weekends I recall seeing?). First, it's always good to have empirical support for what you think is true, even (maybe especially) when you think it's obvious. As a bank teller, you will be handling both the financial and customer side of the day-to-day operations of the bank you’re applying to, which is why we’ve included a list of bank teller interview questions … 0. The process took 2+ months. Yes and given velocity of money is lower now combined with high govt debt levels, government spending (outside of infrastructure) and monetary policy just aren’t stimulating the economy enough. [–]PaidByPutinBot123 4 points5 points6 points 5 days ago (2 children). If I need scissors for example the ONLY scissors I can find anywhere are cheap ones from China and high grade specialty tailor scissors made my master craftsmen from England or US etc. Common Bank Interview Questions with Answers; Tips for preparing and appearing at the job interview; A number of Videos with specific individual question and suggested answer. I agree with you overall though, you're crazy to travel with only one method of payment, especially in foreign countries. Me too! ikr! People could solve a lot of their own problems if they just stopped being poor. Not paying $3 on FX is great but if they tack 2.5% on to the Visa spot rate, then you're behind, not ahead. I didn't notice this until after a few months and was only able to recover $90... [–]richr0llin 15 points16 points17 points 5 days ago (3 children). If you are a responsible credit card user, have at it no problem. Practice your answers to common interview questions 3. Cooking for 2 hours on a Sunday to make a pot of rice and beans or whatever that lasts a week is pretty time and money efficient. But both are cashback rewards and not idiotic points. A lot of them wrongly believe that nothing they do can change their situation, so they just keep living in the cycle. When I was in university I took up a job selling POS machines, took me about a week to realize how shitty a deal it was I was trying to push on to small businesses, and from there just try to avoid using credit in general in a mom and pop store of any kind. It's so obvious that I'm convinced people are willfully ignorant about it because TINA. [–]scrapin_by 16 points17 points18 points 5 days ago (11 children). Yes, his snowball method absolutely is not the most efficient method of paying off debts, nor are his no credit card usage where people get perks. Will probably get a lot of hate for this but personally I wouldn't mind if credit card cashback/rewards were just banned outright, it would hopefully reduce merchant fees and then force all the different banks to compete on service rather than bribing people to use their cards. I interviewed at National Bank (Montreal, QC) in September 2016. I'm similar. Former Bank of England governor Mark Carney calls for more investment to tackle the climate crisis. To begin with, you may just watch this video for Common Bank Interview Questions It's something about North American laws. Governor's Challenge. This Post Has 3 Comments. Enjoy your $10.95 monthly fee. Misc If it works for him, it's not a problem. Something I've noticed about myself is that I'm actually the opposite. I am mid twenties as well - I find seeing my wallet shrink from cash purchases keeps me aware of money spent. When I move out and have to shop on my own I will probably use the click and collect that Superstore has now because you can pick only the things you want. To your point there is likely some efficiency and wealth effects by paying these small businesses in cash. I'd wager that most people go into overdraft by accident, not because they are recklessly maxing out their credit. I'm guessing the support tech realized they fucked up and that paying the NSF fee for me was cheaper than me escalating it. [–]ReasonablePractice83 2 points3 points4 points 5 days ago (0 children), Yes these CCs have 60k or 80k or higher income requirements, [–]Feisty-Lake-Bass 90 points91 points92 points 5 days ago (46 children). [–]NoWaayy 6 points7 points8 points 5 days ago (1 child). That was the most important for me. The best part is they’re completely safe.In fact, most of the top virtual banks in Canada are subsidiaries of the big 5, plus every deposit you make (up to $100,000 per account) is insured by the CDIC. My local 2 stores that do this don't advertise it. I know it makes very little difference, but as someone who used to work for a ma and pa type store, those credit and debit charges hurt a lot more than people think -- especially on small item purchases. I know right. The price is baked into cost of the goods whether you pay cash or credit. Edit: a fair bit of snark from people who seem to find the conclusions too obvious to warrant research. I believe most major credit cards also have a policy that you can't offer a cash discount. I do not trust any of them to not withdraw from them without my consent. Can't cook dinner because you have to work two jobs to pay the bills? Bam you saved a bunch of money. So if they catch you, you lose the ability to accept credit cards as payment. I pay by debit at my local mom and pop sushi restaurant but credit at starbucks. Then on top of that, lack of education leads to bad choices like spending more than middle class people on stupid crap like expensive designer shoes and lottery tickets. In recent weeks, the federal government has come in for heavy criticism over delays to vaccine deliveries and public anxiety over Canada's progress toward COVID-19 herd immunity. where I can help it, I won't have any online payment platform that's 1 step away from my bank account (or these days, visa debit information as well with more banks moving towards being able to use your debit card as a credit card online), [–]goddessofthewinds 1 point2 points3 points 5 days ago (0 children). RBC had 16 million clients worldwide. The Bank had already lowered the target rate to its effective lower bound of 0.25 per cent, so a further cut was not expected. Next week you can save money by buying something else bulk and snowball your savings from there. Just like everyone thinks they are the above average driver. When I know the value I get is good though, I tend not to care about the price too much. This may look bad on an individual scale but I'd wonder if a macro comparison led it to being better for the economy to keep consumer prices down. I thought it was only the Simplycash Preferred ($99/yr) that is 2%? I can explain how interest is calculated etc. [–]InfiniteExperience 2 points3 points4 points 5 days ago (0 children), That’s a good point! Given the choice, a lot of businesses would prefer to eliminate cash. It seems wrong to require people to pay to use their own money when cash in hand is essentially free exchange. If you have would you be kind enough to share your experiences from start to finish. The bank was formed as a result of amalgamation of The Bank of Toronto and The Dominion Bank in 1955. If you do believe a source fully answers a question then consider including a quote from the source. That's not a designed system. Side note CC companies seem to have no problem not charging fees for insufficient funds. [–]kisielk 13 points14 points15 points 5 days ago (1 child). of an interview. Current data from the Canadian Bankers Association shows that more than 75% of Canadians now use online and mobile banking to conduct most of their day-to-day banking transactions. The math doesn't support the cash discounts. Thing is, the guy popped the booster in front of me, so I knew it was real. Whether its to save on transaction costs, taxes, or both I really don't care. That's VISA's problem, not mine. Status quo. Refrain from "judging" the financial situation of others - whether their situation is dire or well-off. [–]B0xyRawr 10 points11 points12 points 5 days ago (0 children). [–]carpro3 1 point2 points3 points 5 days ago (0 children). [–]McKellarLite 6 points7 points8 points 5 days ago (1 child). Funny enough I had this with PP once, they double charged me and my chequing didn't have enough so I got a NSF fee. $1 in my cashback is a real $1. I have doubts a system like that will ever happen because people are shown the price before they ever even pull out their Credit Card so you won't be able to know the final price until you tap your card. Pretty soon we're going to be working for and buying everything from some all encompassing Global Corp. I replied to your comment without seeing this thread (was auto hidden), but as much as I want to support a Canadian/small business I have a limit to what I'll pay. What is it, I have to spend thousands on credit to earn $30-$40? They asked me about my past experience and research process. [–]MaxxBreak 18 points19 points20 points 5 days ago (0 children). Press J to jump to the feed. Talk about a time you had to handle failure at any point in your career. Keep disagreements polite. Personally, I abhor debt. On top of that - a digital society marginalizes the poor with unaffordable bank and processing fees, it costs to have the account open and perform transactions/put money into the account. a local restaurant struggling to survive, then I most certainly avoid using a CC. right...Cause the banks aren't making billions. I'd rather use cash to help the merchants but I end up using my card for the 1-2% cash back. ayyy. Anyways, it's all fun and games till you realize you're making 50 trips to the bank every month and everything you just saved is gone cause you're having to spend a fortune in gas driving around to pay all these companies in cash. Any store that tries this I think will get a ton of backlash. Even if you don't have their "overdraft protection" where you borrow money to cover the transaction, a lot of banks have NSF "non-sifficient funds" fees for simply rejecting a transaction that you don't have the funds for. It was a higher fee for my Amex so I was using my MasterCard.

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