Originally Posted by Gridlock (Post 8205942)

lol...On banks. I deal with BMO.

My first account was opened when I was 12. Then checking at 19. Then I go in to open a business account....

"well, there will be a 5 business day hold on all deposits for a length of time"

They explain that its a new account and new accounts all get this treatment. So I tell them, "new account, yes. Old me. I've been here since I was 12. Isn't this what we're supposed to do? Life changes, and we step up into different accounts and such?"

"Yeah, I see, you've been here a long time. And?"

I was so mad. Thankfully, I was doing regular work for a client and he worked with me on giving me smaller checks more frequently so I could get through the hold period.

Then, as I wasn't working in downtown as much, I switched it to a different branch. Went though everything, had all the files duplicated and such.

"so, that will be a 5 day hold"

Like hell it will. I went to my branch downtown, and they loaded my computer file with explicit instructions of hold free banking.

I go in again, and I get, "oh. That will be a 5 day hold."

"Um, you are going to need to bring your manager over. I'm about to make a scene."

She's a cow, for one. I have her scroll through the file, and the look on her face was priceless.

"yes. We'll deposit that for you immediately"

"I thought you would. I'd also like to never have this conversation again. Make that happen"

Everyone at that branch knows me now!

I do keep meaning to switch out to a credit union. They are better, but not great. We deal with Vancity for some work deposits, and I like it, but I'm not in love with it. There are a couple tellers that love to hassle me over checks...I finally told one the other day that she's depositing it. Yeah, I'll risk it being returned.

I must admit, I am tired of getting letters from BMO telling me this fee is increasing, and this service is being eliminated and so on. And I found it really weird that on my business account, I have to specify it as primary cash, or primary check, and if you deposit more than allowed of the opposite, I get charged. Like, I'm supposed to know what my random clients wish to pay with?

Originally Posted by hud 91gt (Post 8205977)

This isn't the only company doing this. In the airline sector Sunwing airlines has been hiring German pilots for years. I believe AirTransat just announced they will be doing something similar. Their excuse is they can't find qualified personnel. That is just BS, they just aren't prepared to pay for them.

Originally Posted by twdm (Post 8205995)

Though I don't exactly agree with RBC's decision, they are there to protect their shareholders' interest. If you owned RBC shares and found out they were paying you less dividends and wasting money overpaying Canadian workers for something an Indian can do for half the cost, you wouldn't be chirping the same tune. Also, there is no onus on the individual to save for retirement? How do you expect to retire if you don't have savings in your late 50s to 60s?
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Originally Posted by Graeme S (Post 8206081)

The fact that all businesses are there to protect their shareholders' interest...I get that. I do. I mean, the people who own the business have got to make money for the business to be successful, right?

But the idea of shareholders above all else is kind of like cutting off your nose to spite your face. "Sure, we'll put more money into the hands of people who are more likely to reinvest it or hold it back rather than spend it so that we can protect the people who have given us money and remove more money from the active spending economy resulting in fewer purchases and jobs by the masses which means the government will have to shell out more in benefits to the people who no longer have money by the pull of it all to the top".

I mean, obviously, this is an oversimplification. But it's kind of ridiculous when you look at companies that have cash reserves now larger than ever before in history, and then turning around and saying that the state of the economy prevents them from investing in more employees, locations, and stores. "Well, we can't give any money to people until we get any back. But since nobody's got money to give us that means there's no way we can give anyone more money."

Originally Posted by murd0c (Post 8205970)

Beyond sad and what makes it worse is this is how racism starts....

Originally Posted by achiam (Post 8205900)

Wanna know why grocery stores/retail outlets have credit cards? They sell your "big data" to other institutions. There was a big expose in the UK where Tesco's (a huge grocery chain similar to Superstore here), started issuing credit cards (but the real bank behind it is always a normal bank). They track your spending habits -- if you are buying the organic top range shit, they think you're a solid customer, whereas if you are buying crappier foods, The underlying bank for PC Financial is actually just CIBC lol.

Originally Posted by twdm (Post 8206089)

I get what you're saying, but corporations are not there to do charity work. They are there to benefit their shareholders and their shareholders only. The extra wages they pay out do not necessarily go back to them.

Originally Posted by twdm (Post 8206089)

They don't answer to the Canadian people or to the government. The government is responsible for ensuring that the best interests of its people are preserved without severely hindering the free market.

Originally Posted by twdm (Post 8205995)

Though I don't exactly agree with RBC's decision, they are there to protect their shareholders' interest. If you owned RBC shares and found out they were paying you less dividends and wasting money overpaying Canadian workers for something an Indian can do for half the cost, you wouldn't be chirping the same tune. Also, there is no onus on the individual to save for retirement? How do you expect to retire if you don't have savings in your late 50s to 60s?
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Originally Posted by tool001 (Post 8206224)

the fact is if government allows this... What stops companies from hiring foreign accounts... Sales agents or even clerical workers.
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Originally Posted by twdm (Post 8205995)

Though I don't exactly agree with RBC's decision, they are there to protect their shareholders' interest. If you owned RBC shares and found out they were paying you less dividends and wasting money overpaying Canadian workers for something an Indian can do for half the cost, you wouldn't be chirping the same tune. Also, there is no onus on the individual to save for retirement? How do you expect to retire if you don't have savings in your late 50s to 60s?
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Originally Posted by hud 91gt (Post 8205977)

This isn't the only company doing this. In the airline sector Sunwing airlines has been hiring German pilots for years. I believe AirTransat just announced they will be doing something similar. Their excuse is they can't find qualified personnel. That is just BS, they just aren't prepared to pay for them.

Originally Posted by 4444 (Post 8206289)

I would have thought there'd be very little or no benefit - not like Germans are cheap employees (would be efficient as fuck) - clearly I don't know all the facts, wonder why this is done/how the savings are made vs Canadian pilots

Originally Posted by Yodamaster (Post 8206292)

Slippery slope.

Originally Posted by GLOW (Post 8205975)

i use TD canada trust. at least when they screw up, they at least admit it, say sorry and try to fix it. RBC i get the sorry too bad so sad.

Originally Posted by falcon (Post 8206080)

Except pilots in Germany make bank. Post Sec school in Germany is free, except for pilots. Reflecting that is the wages they can make if they fly in Germany. Also, the JAR regulations (FAA for Europe) lic. does not convert over with much ease. So I doubt your statement is accurate at all.