TD Infinity Account

It's gone. Dead. Killed off. I drove a stake through it's heart.

Both of the automatic withdrawals for our life insurance policies have been switched over to the President's Choice account. So it was time to go in and close the TD Infinity account. I learned this month that the Over Draft Protection fee had become a regular charge. When we set up the account, I remember the fee was only charged if you used the ODP plus the interest charge. In the last month the account was always positive and we were still charged the $2 OD fee. That means the monthly account fee was in reality $14.95 a month. Way too much, especially because we have free accounts with free cheques at President's Choice.

So on Friday when I stopped by to make a payment on the Line of Credit, I closed the account. The teller asked why and made a feeble attempt to save my business by offering me a minimal account for $3.95 month. She did not seem surprised or upset at me canceling the account. How often do they see people canceling accounts?

Is President's Choice more limited than a real bank account? Certainly. Do they offer fewer services? Definitely! Am I willing to pay $14.95 a month for that service? No! I've got a better use for that $179.40 each year.

Do you?