is it true that when you reach 60 years old ,you will not pay current account charges any more,?
is it true that when you reach 60 years old ,you will not need to pay current account charges any more,
is it true that when you reach 60 years old ,you will not need to pay current account charges any more,
Lynn
Favorite Answer
I stopped paying bank charges when I was 50. It's called "researching what's out there." It's not a government plan, it's a bank's offer.
Handyman
Most people seem to assume you're talking about banks, so I will assume the same. It depends on the bank. I've never seen it around here, but there may be some banks who will try for your patronage by doing something like that. My credit union gave me a free life insurance policy. It's only for $2000 and it's only if I should die in some horrible accident, but it's something and didn't cost me a dime.
Ellen J
I'm 69 and I've heard nothing about this. If you don't like the account charges try another bank or credit union that doesn't have the charges. Not all banks do.
puppysyndrome
It's like that at my bank in Ontario, Canada.......I don't pay service charges for cheques, withdrawals, money orders, paying bills, etc.........but they don't do it out of the goodness of their heart! For their kindness, they cease paying interest on that account! Fortunately, for as low as the interest rates are these days, I'm still ahead.
Edit: to capitalgentleman......TD Bank offers this service and it's the top bank in Canada. I also know that CIBC offers it.
OzNana
Not true in Australia. I'm sick of account charges at my bank.