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mind-boggling amount Canadians pay in bank fees

mind-boggling amount Canadians pay in bank fees

This is the mind-boggling amount of money Canadians pay in bank fees

Source: Global News
Author: 

Canadians are bleeding cash through their chequing accounts, according to a new report by financial comparisons site Ratehub.ca.

The company used a survey of more than 1,100 Canadians to estimate how much consumers are paying in fees for their day-to-day banking – and the numbers are staggering.

The average millennial has so far shelled out $760 in banking fees over her or his lifetime. For boomers, that number grows to $2,200. But it’s gen-Xers who top the ranking, with a whopping $2,800 paid in banking fees on average so far.

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