Posts Tagged ‘ retail banking ’

How to break up with your bank

Thursday, April 6th, 2017

Man using a bank machine

Last fall, Justin White left his bank – a relationship he’d had since the late 1990s.

He didn’t like what he was reading about several Canadian banks and their lending involvement in the proposed Dakota Access pipeline near the Standing Rock Sioux reservation in North Dakota. So he switched to a local credit union in November.

The Burnaby, B.C., resident isn’t the first person to consider breaking up with his bank. Some leave because of a new job or a new spouse, while others have just had it with soaring fees, bad service and aggressive sales practices.

“It’s really not that hard,” Mr. White says. “You’re a consumer. You make them money so if you’re not happy with them then the worst thing that could happen to them is that you leave.”

Like any divorce, it can be quick and relatively painless or time-consuming and complex. It all depends on your approach.

Click here to read the story originally published by The Globe and Mail.

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