Monday, October 22, 2007

CIBC Investors' Edge is scamming the RRSP account users

Location: Ontario, Toronto
Industry: Finance

CIBC Investor's Edge now charges $106 for RRSP account users if you don't have over $25,000 in your balance. They will not reverse the charges even if you close the account. This is a much higher threshold than other banks' self investment services. For example, BMO's InvestorLine charges a fee for RRSP Accounts if you have less than $15,000 instead.

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