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Potential free chequing account chart?
September 4, 2012
3:42 pm
Doug
British Columbia, Canada
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I realize it'd be expanding a bit beyond the original mandate of the "Canadian High Interest Savings" website, and forgive me if this is the wrong forum to post this in as I couldn't find a "site suggestions" forum, but has any thought been given to creating a new, free unlimited chequing account chart that lists features such as free cheque orders (i.e., unlimited, initial supply only or none), free in-branch access, free ATM network coverage/access, free Interac Direct Payment, free Interac e-Transfers (if so, how many?), free third-party EFT transfers in Canada and online banking access? It may require buying an additional domain name (chequingaccountscanada.ca might be okay), but some sort of direct link from the "highinterestsavings.ca" website would be ideal.

It's worth noting that I believe Cambrian Credit Union in Manitoba has its Unfee account, Coast Capital Savings, First Calgary Financial, Envision Financial, Valley First, PC Financial*, ING Direct, BMO Club Sobeys*, Canadian Direct Financial** and ICICI Bank Canada*** all have varying free, unlimited chequing accounts that don't require any or $1000 (or higher) minimum balances and it is getting somewhat challenging to keep track of them all.

* A branding name for the partnership between CIBC and Loblaw Companies operating as "PC Financial". With regard to BMO Club Sobeys, that is a branding name for series of banking and credit products offered by BMO Bank of Montreal in partnership with Sobeys

** Free with $5000 minimum balance in chequing account or $5000 minimum KeyReturn GIC (non-registered, TFSA or RRSP/RRIF)

*** Free with $500 minimum balance in chequing account

Please feel free to provide your thoughts, input and suggestions on this. As well, as a sort of "footnote", of which I'm known for, I would point out, the site has already expanded beyond its original mandate, with the "services" chart, forum on "mortgages" and forum on "personal finance" discussions, so there definitely is precedent for it. :)

Cheers,
Doug

September 4, 2012
3:54 pm
Peter
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Hehe, yes there should really be a "site suggestions" forum, but for now this forum will do! Update: there is now such a forum, and I've moved this thread into it!

There was a chart started on chequing accounts in general, but it stopped being updated (mostly because the original creator moved out of the country!):

https://www.highinterestsavings.ca/2007/08/canadian-chequing-accounts/

I agree that this site has expanded beyond what started as just the savings account chart and I'm all for re-organizing and expanding to meet people's needs. The biggest problem is that there's never enough time for me to push site initiatives forward at the pace that I would like. Is there a "community" or "group of moderators" maintenance model we could look at for such a chart?

September 4, 2012
4:45 pm
Doug
British Columbia, Canada
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Thanks for sharing the above link, Peter.

I think that's a great idea, a sort of team-supported and moderated effort, to assist you. I'd be willing to help out where I can, so long as there'd be other "moderators" to assist in this effort. :)

Cheers,
Doug

September 5, 2012
12:42 pm
Doug
British Columbia, Canada
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Thanks for creating this forum, Peter! :)

Cheers,
Doug

September 5, 2012
9:54 pm
Yatti420
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I think this is a good idea.. Definately need a listing of all chequing accounts with restrictions etc.. Maybe a spreadsheet?

September 16, 2012
6:29 pm
Peter
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I've created a Google Doc for this as at least a starting point:

https://docs.google.com/spreadsheet/ccc?key=0AsrPQOw1M29-dDRrcFVpSFREWVNGSzE4Z2trUFd5dWc

It might make its way back on the site if we get enough details.

Anyone can view it, and I've invited Doug and Yatti420 to be editors on the doc. As you'll see, I've only done some basic outlining so far, and it could use a lot more help! If you also want to have edit capabilities, let me know.

September 17, 2012
11:01 pm
Doug
British Columbia, Canada
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Thanks Peter. Looks good so far and should allow for it to be updated more easily, as long it's linked from the main website somehow, should be fairly accessible. Might even be able to have a direct link that automatically generates a PDF (with 'last printed date') of it too (there's usually a number of 'web tools' that do this). Will look at it in more detail later and try to 'edit' it to add additional details. :)

Cheers,
Doug

October 20, 2012
12:03 am
Doug
British Columbia, Canada
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An update: I've updated & officially published this chart on the web (nice feature within Google Docs!), in an HTML format without the Google Docs toolbar to give it a more polished look. I've also suggested to Peter to add a link to this dynamically-updated chart to the "highinterestsavings.ca" home page somewhere (either top menu bar or in the footer somewhere).

official weblink: https://docs.google.com/spreadsheet/pub?key=0AsrPQOw1M29-dDRrcFVpSFREWVNGSzE4Z2trUFd5dWc&output=html

short link: http://goo.gl/xUQmQ

Keep up to date via a dedicated thread, located here.

Cheers,
Doug

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