3d ago

Ottawa caps non-sufficient funds fees at $10 starting March 2026

halifax.citynews.ca Ottawa caps non-sufficient funds fees at $10 starting March 2026

OTTAWA — Ottawa has put in place new rules limiting the fees banks can levy on customers who don’t have enough in their accounts to cover a cheque or other pre-authorized charges. The updates, included in an order-in-council last week, cap non-sufficient funds fees at $10 for personal deposit accoun...

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6 comments

Good, dumbest thing ever. U poor, I'll give you something to be poorer about
- The $50 fee was ridiculous. $10 is still dumb but way more manageable.
  
  A proposed rule to require a warning to customers about a potential charge and to give a grace period to fix the problem appears to have been dropped, as was a requirement that banks disclose statistics on the fees such as total revenue and total number of NSF fees charged.
  This part's definitely bullshit.

6 comments