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