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Originally posted by drgoodvibe it's all about staff accounts p.s CIBC is the greatest! by the way, someone said something about how NSF chargest don't effect your credit rating? thats actually wrong. I work in the Mortgages dpmt @ CIBC.. and basically too many NSF's can get you sent to legal action, eventually cibc will not want to work with you and you get sent to collections and then they take your house. Also if your credit history has a lot of NSF's you can still be considered highrisk, the bank may still give you a loan, however at a higher interest rate.

"your credit history" your particular bank/branch might be affected, but NSFs themselves will not affect your formal credit history, ie. your credit bureau report.

NSFs on mortgage payments is a whole other issue...but again, an internal one...those don't show on your bureau either unless you're with some small credit union (or it's a 2nd mortgage) and they have a policy of posting their mortgages. If you transfer your mortgage from RBC to CIBC, for example, and had a dozen NSFs with RBC, CIBC would have no way of knowing that...

btw...33 Yonge?

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Originally posted by Chinaman dEsidEL, Sorry about the delay, exams have gotten in my way (hey, it rhymes!) My logon ID is Chongp, Branch# 375. Which branch do you work at? I guess you could PM+ now but I NEVER read my PMs at work... Lates, PC

hehe .. eBank Operations site at Steeles & Victoria Park in Markham ..

i'll PM u my deets ..



and with the banking stuff everyone's talking about .. blah blah blah ..

you shouldn't even BE in an NSF situation in the first place!! tsk tsk defaulting on a mortgage payment? the horror !

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Originally posted by Matt Yea, but what scares me is the fact that the people in the pavilion are useless, and not very bright. I would much rather be banking at a bank with a full branch, and people who know what they are talking about.

All workers in all branches are useless (most of them anyway, save a few great workers). Trust me. I love the Royal Bank for all of it's phone services (I don't talk to an automated person when I call and never have to wait) and I love the Internet banking but the people they hire at the branches are the most stupidest people I have every seen. I know more about banking than they do. Trust me, any bank you switch to, you will hate going into the branch so that is not a good way to pick a bank.

I have heard good things about ING Direct for a strickly savings account (big interest returns on your savings).

As for your day to day banking I would stick with PC and just get your mom to co-sign on a Mastercard with you so you are approved with no problems and start building your credit rating with that Mastercard. Once you have that for a year with good standing, you can apply for others that suit your needs more (lower interest rates if you carry a balance, etc.).

Last edited by StereoPrincess on Apr-28-2004 at 15:04

quote:

Originally posted by MarkT "your credit history" your particular bank/branch might be affected, but NSFs themselves will not affect your formal credit history, ie. your credit bureau report. NSFs on mortgage payments is a whole other issue...but again, an internal one...those don't show on your bureau either unless you're with some small credit union (or it's a 2nd mortgage) and they have a policy of posting their mortgages. If you transfer your mortgage from RBC to CIBC, for example, and had a dozen NSFs with RBC, CIBC would have no way of knowing that... btw...33 Yonge?

aha 100 University You @ 33 yonge?

true enough, its mostly internal; if you want to refinance, or get a 2nd equity mortgage having lots of NSF's isnt favourable.

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