Fiscal Agents Money Centre
Monthly service package comparison

Many of the financial institutions offer a range of Monthly Service Packages, some designed especially for seniors or students as well as no-frills accounts with minimal or no-fees. Service package fees can start as low as $5.00 per month for a "basic" account, with limited or reduced fees on certain items. A number of banks waive the monthly fee if a minimum balance is maintained (see article about maintaining a miniumm balance) or offer free limited number of transaction. The survey below displays a selection of the high end service packages with all the bells and whistles.

The best way to understanding your banking habits is to calculate if a service package is beneficial to you is ask the following questions:

- What is more important to you: convenience or low fees?
- What are your needs? Keep track of your banking transactions each month to determine your "Pay-as- you-go" average month fees are higher that a service package.
- Do you need to maintain a minimum month balance the activate certain privileges, if so, do you continually qualify?
- Can you pay all your bills on-line?
- Do you use your banks ATM and avoid other Banks or private banking machines?

To help you with these questions, use this quick-banking profile.

What is you minimum monthly balance? _____________________

How often do you

Withdraw money?		Make direct payments (Interac)
Write cheques?		Transfer between accounts?
Make Bill payments?		Number of pre-authorized payments?

Total transaction per month _______

Next, consider any extras you want in included in a plan or that you use often as "Pay-as-you-go":

Some institution are levying fees when the teller is providing in-branch assistance.

Some other considerations or having access to:

• PC or Internet banking
• Telephone banking
• Record keeping options Passbook/Statement
  
• Are fee waived for minimum account balances

The Survey below illustrates the features and benefits of the high-end premium monthly services package accounts, of certain major banks.

Note: The information in the above chart has been compiled for informational purposes only from sources we believe to be accurate as of October 2003. The above information cannot be construed as offers from the financial institutions listed.

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