Watch Your Banking Costs

As financial times are tough for everyone right now, it makes more sense than ever to make sure you don't pay extra for banking services. A useful resource is the Cost of Banking Guide from the Financial Consumer Agency of Canada (FCAC). This online tool compares more than 100 different account packages from major Canadian banks and other financial institutions in Canada. To use the Cost of Banking Guide, all you do is answer a few questions and you'll get a shortlist of the accounts which meet your criteria. It's a good way to choose a bank account for your specific needs, and also a convenient way to check that your current bank accounts are still appropriate. Most of us complain about high banking fees, but the best way to keep them down is to shop around. This tool can help.

Photo: Gettty Images / Photodisc / Keith Brofsky

More About Banking in Canada:
Canadian Banks
Canadian ATMs and Bank Machines
Tax-Free Savings Accounts
Personal Finance in Canada