ATB Financial – ridiculous charges!

Beware of ATB Financial. They suckered me in with the idea of a no frills account for only $3.95 a month and you can create an account online!

Perfect for me…UNTIL…I went and deposited some cash a week later…

They charged me for the week before. I thought banks charge you fees at the END of the period/month. Nope. These guys don’t. I was like – that’s okay! I got my Debit card and was sooo happy that this was such an easy transaction…

UNTIL…I went home to change my Spotify, Netflix & Shudder account payments so they will come out of my new account. Surprise! You have to use a credit card – ATB Financial wants you to apply for one of their credit cards!

My Scotia bank (which I was going to close) has a Debit/Visa which has the expiry date and the 3 digit code required to use a credit card online. Luckily I did NOT close this account. So I went to the branch the next day to close that account. Surprise…they took even MORE money for the 24 hours and (drum roll please)…they made me pay $20 to close the 2 week old account! (Outstanding Flat Fee: $20.00)


What started as a $3.95 a month account turned into a $23.00 for 2 weeks account! I would understand a $5 fee to close it because it was open for a short time…BEWARE!



48 Responses

  1. Open an account at PC Financial. 0 bank fees.

  2. I’m sure all of this stuff is listed in their policies that you agreed to when you opened the account… so… live and learn?

  3. Shaun Reveis Shaun Reveis says:

    Just because you don’t understand banking doesn’t mean they screwed you. Did you bother to read the conditions of your account? I’m willing to bet not. Because it’s all very clearly outlined in the brochure.

  4. Lana Almaeva Lana Almaeva says:

    I love my PC accounts no charges of any kind for anything.

  5. I’ll never leave Scotia, been with them since I was 14. Never had a problem, and you can’t beat the Scene points!

  6. MJ White MJ White says:

    I put 500.00 into my account through the Bank Machine and they “held my cash for 5 days” Will never deal with this bank again..

  7. ATB has been great to me, I dont have a problem paying the minor Fees, that helps keep people employed and helping our economy.

  8. Lisa Fedirko Lisa Fedirko says:

    14Yrs ago I switched from servUS to atb. Best move I ever made. They’ve helped my family more times than I can count and I pay next to nothing for that continued faith.

  9. I dont know, my atb charges me $10 at the end of the month for unlimited debit use.

  10. Also be aware government will not deposit into these accounts they are not recognized by ottawa

  11. Being a veteran, I have to be happy with BMO and their no fee defence accts.

  12. Samara White Samara White says:

    Atb is a small bank compared to the other banks. They didn’t even have email transfers until like 2 weeks ago. Just because they don’t have a debit/visa doesn’t mean they want you to apply for a visa card, they just don’t have it yet. I’m sure they will add it to keep up, or even try to keep up with the other banks. If you wanted a visa debit card maybe you should have asked instead of assuming that all debit cards are now visa cards. Maybe you should read contracts before signing them. I own a business and did my research and opened my account with atb as they were the best. I’ve never had any issues with atb they are great, and I’m happy to be with them.

  13. Matt Peter Matt Peter says:

    Lmao banks are all crooks! Why wud any of u ppl defend them?

  14. Cee Dee Hawn Cee Dee Hawn says:

    PC Banking all the way!!!! 15 years now, the amount of money in fees I’ve saved? PC!!

  15. So you didnt do you research and somehow it is their fault?

  16. I moved to BC in 84 and owed them about 2000. Because they don’t have branches anywhere but Alberta they called in my loan. Had many problems with them. Will never use them again.

  17. Dre Costello Dre Costello says:

    It’s Called being a lazy idiot , you probably also signed for a vehicle that you will pay long after it dies , tard next time read , that’s why you learned that

  18. I’d say you just don’t know how banking works lol

  19. Soooo many Sanctimonious comments! How many of you know this OP in the real world? How old is he/she. Are they poor and on some kind of income supplement? Is $20 a lot of money to them? How many of YOU keyboard warriors have read every single clause written in YOUR bank information? For the uneducated and ignorant – meaning the ones who responded negatively – THIS is what you truly are: sanc·ti·mo·ni·ous
    making a show of being morally superior to other people.
    “what happened to all the sanctimonious talk about putting his family first?”
    synonyms: self-righteous, holier-than-thou, pious, pietistic, churchy, moralizing, preachy, smug, superior, priggish, hypocritical, insincere; informalgoody-goody
    “no one wants to hear your sanctimonious hot air”


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