New bank fees target kids’ accounts and allow ‘double-dipping,’ say customers

Banking fees are going up at all of Canada’s five big banks, but some customers of RBC in particular are outraged about the changes. They’re accusing Canada’s biggest bank of targeting children and those who can least afford it.​

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Fee hikes June 1

On June 1, RBC is introducing new or higher fees for a variety of accounts and transactions including debit purchases, mortgage and loan payments and children’s accounts.

The bank is also increasing the age eligibility for seniors’ rebates from 60 to 65.

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