Canadian High Interest Savings Bank Accounts - Forum: General financial discussion

itsme on Same scam. 2 countries. Why Canadians don’t get their money back

Fri, 23 Oct 2026 07:57:58 -0700

mordko said
It is a remarkably dumb thing to do.

Dumb is the person who thinks they are too smart to be conned.
No one deserves to be scammed out of their money.

CGO on Same scam. 2 countries. Why Canadians don’t get their money back

Fri, 23 Oct 2026 03:53:34 -0700

I strongly suspect that when banks become accountable, our fees will go up or our interest rates will go down and fraud will increase because many will simply let their guards down since the banks will have their back ...

mordko on Same scam. 2 countries. Why Canadians don’t get their money back

Fri, 23 Oct 2026 03:44:05 -0700

It is a remarkably dumb thing to do. Having to cover some of the costs of own foolishness makes a lot of sense; there should be a deterrent against acting like this. Banks carry some responsibility but so do individuals. If they are willingly partying with own money then there has to be a consequence.

CGO on Same scam. 2 countries. Why Canadians don’t get their money back

Fri, 23 Oct 2026 02:05:39 -0700

And then there's the guy that made numerous transfers against his bank's advice to some scheme. eventually adding up to $450k.

The reason we don't hear much about Darwin awards is that there are too many deserving recipients ...

Dean on Same scam. 2 countries. Why Canadians don’t get their money back

Fri, 23 Oct 2026 01:59:46 -0700

.
A quote from the article . . .

"At that point, I realized that I've made a big mistake", Mohammed said.

Note 'who' made the mistake, and admitted to it ⬆️.

And according to the article, that same 'mistake' was also made by the customer in England (Samantha Bradshaw) who admitted in the video
that; "It was my fault".

Why should FIs reimburse customers (who all on their own), make such Stupid Mistakes⁉️

Please tell us why . . .

Dean

davidgeorge on Same scam. 2 countries. Why Canadians don’t get their money back

Fri, 23 Oct 2026 00:52:23 -0700

https://www.cbc.ca/news/market.....-9.7387116

Two people described the same financial scam to both the police and their banks over the past year. The only difference was where they lived — one in Canada, the other in the U.K.

And that determined what happened next.

Asif Mohammed lost $7,200 this spring and never got it all back. Meanwhile, Samantha Bradshaw was out £11,000 (nearly $21,000 Cdn) but her financial institution reimbursed the money within days.

Bill on Rogers will charge a 1.6% credit card processing fee on bills

Thu, 22 Oct 2026 10:01:36 -0700

My Rogers mobile $5/month unlimited talk/text plan (no data) will cost 8 cents more, it appears. That's almost a dollar a year.

NorthernRaven on Rogers will charge a 1.6% credit card processing fee on bills

Thu, 22 Oct 2026 03:12:46 -0700

I was in the UK this year, where domestic consumer CC interchange rates are capped at 0.3% of transaction value (It can go higher for transactions to the EU or elsewhere). A quick Google looks like UK cashback cards top out at around 0.25-0.5% at best after promo rates. In theory I'd support flattening things out like this, but by now the costs are baked into retail pricing, so I'll take my 2.2% or so annual rebate and look the other way... 🙂

Dean on Rogers will charge a 1.6% credit card processing fee on bills

Thu, 22 Oct 2026 02:18:01 -0700

.
More from the CBC ➡️ https://www.cbc.ca/news/busine.....-9.7391506

As former Shaw Mobile customers, my Wife & I will be Exempt from the Rogers 1.6% CC fee.

According to that CBC article, some others will be Exempt as well.

Dean

Norman1 on Rogers will charge a 1.6% credit card processing fee on bills

Thu, 22 Oct 2026 02:11:01 -0700

That's right. Rogers and their high-interchange Rogers Bank World Legend Mastercard:

Canada Domestic Consumer Credit Interchange Rates (Effective August 1, 2026)
Interchange Program Type	Core	World	World Elite	World Legend
Card Present EMV Contactless	0.92%	1.22%	1.56%	1.95%
Card Present EMV – Small Business Contactless – Small Business	0.70%	0.93%	1.19%	1.25%
Digital Commerce	1.67%	1.90%	2.13%	2.23%
Digital Commerce – Small Business	1.57%	1.80%	2.03%	2.13%
Charity	0.92%	1.22%	1.56%	1.65%
Standard	1.96%	2.19%	2.42%	2.53%

NorthernRaven on Rogers will charge a 1.6% credit card processing fee on bills

Wed, 21 Oct 2026 23:12:47 -0700

FWIW, most Telus and Koodo phone plans (and Bell, apparently) now have a $10/month "discount" if you pay by pre-authorized debit instead of credit card. This is of course effectively a $10/month extra cost for credit card customers. Their (pre-paid) Public Mobile brand doesn't have this CC setup.

At least with Rogers 1.6% charge, one still has the option to use a CC if it makes sense - if (heaven forbid) I was a Rogers customer I would get 3% cashback from my TD card and it could still come out positive. However, it looks like Rogers has a similar "discount" system, albeit at $5/month rather than $10.

I actually have a certain sympathy for merchants being milked with high interchange fees by VISA/MC and the high-reward card issuers. But none for Rogers, as they are one of the guilty parties.

Norman1 on Rogers will charge a 1.6% credit card processing fee on bills

Wed, 21 Oct 2026 16:43:00 -0700

If there is an exception for paying by a Rogers Bank credit card, it would be very easy for Rogers to add it to the list there:

When does the credit card processing charge apply?

The charge applies every time you pay your Rogers bill with a credit card (Auto-Pay or one-time payments).

The charge doesn't apply to any other payment method, including:

Direct debit from your bank account

Online banking payments

Cheques

Rogers gift cards

Prepaid cards

Debit Mastercard

Visa Debit

Quebec customers are not subject to the credit card processing charge.

Customers on select specialized plans like Connected for Success [for eligible individuals and families on social assistance programs in some provinces] or former Shaw Mobile customers on migrated plans, are also not subject to the credit card processing charge.

CGO on Rogers will charge a 1.6% credit card processing fee on bills

Wed, 21 Oct 2026 16:21:18 -0700

AltaRed said
Has that been confirmed with Rogers? Or we wait and see on the next billing?

Per Alexandre original post and straight from the Rogers web site ... https://www.rogers.com/support.....ing-charge ...

AltaRed on Rogers will charge a 1.6% credit card processing fee on bills

Wed, 21 Oct 2026 13:28:11 -0700

Has that been confirmed with Rogers? Or we wait and see on the next billing?

Norman1 on Rogers will charge a 1.6% credit card processing fee on bills

Wed, 21 Oct 2026 13:15:22 -0700

Yes, it effectively nets 3.48% back on Rogers bills paid by Rogers Mastercard starting January 17, 2027:

$100 bill:
1.6% fee = $1.60
5% cashback = 5% x ($100 + $1.60) = $5.08
Net cashback = $5.08 - $1.60 = $3.48