That’s great. Canada has very strong credit union adoption. The US is often more predatory. Banks can put people into minimum balance type accounts and fee you until the account runs dry. Not all, but some do. If you live in a rural area, you may not have many options. There’s a host of reasons. https://www.fdic.gov/household-survey
That’s great. Canada has very strong credit union adoption. The US is often more predatory. Banks can put people into minimum balance type accounts and fee you until the account runs dry. Not all, but some do. If you live in a rural area, you may not have many options. There’s a host of reasons. https://www.fdic.gov/household-survey
Credit unions can be predatory, too. The US’s largest credit union, Navy Federal, has one of the highest rates of fees charged per customer, even compared to banks. https://www.nclc.org/resources/top-overdraft-fee-offenders-hitting-civilian-military-families/