Random thoughts of an upbeat mind

Posts tagged ‘banking’

Simplifying my finances

I received an email today from RBC.  I don’t bank with RBC so I thought it was a phishing email.  But something said unblock it.  In the email it said RBC bought Ally car loan something.  Since I don’t have a car loan with Ally I really didn’t pay too much attention.  But again something said click the link for more information.  So I did.

RBC bought Ally and will be closing my (cause you know just me was affected!! ;)) high interest savings account. 😦

I have a lot of accounts with a lot of different institutions.  I use them for different purposes.  As I stated long ago I have to play mind games with myself so I find having multiple accounts works for me.

Currently I have 6 savings accounts and 3 chequing accounts within 5 banks.  Having written it down, it seems like a lot. O_o

Account 1 – future bills account with ING
Account 2 – tax-free savings account with ING
Account 3 – vacation savings with ING
Account 4 – emergency fund with Ally
Account 5 – long-term savings with PC
Account 6 – easily accessible short-term savings with Scotiabank

My very first account was with TD.  I think I started to bank with Scotiabank next as they were the closest physical bank to my house.  Back in the day when you needed to go to a branch to do almost everything.

Over the years I have added and taken away accounts at Canada Trust, Citizen’s Bank, ING, and Ally.  Most of the removals were because the bank was taken over by another bank or closed that division.

Canada Trust was taken over or merged with TD.
Citizen’s Bank decided to issue only credit cards and discontinued its high interest savings accounts.
RBC bought Ally and will be closing their high interest accounts.
Capital One bought ING, I am not sure what that will mean to me yet.

So now I am trying to figure out what to do with my money.  Do I consolidate them into one, two or three accounts or look for some place else to hide my money from myself?

What to say

I am not impressed with myself at this moment.


I have managed to incur my first or second(?) NSF fee, because I am impatient and clearly lacking memory skills. 😦

I have a budget that I swear I know how to use it but I managed to screw it up. 😦

I transferred money into my savings and marked it down in my spreadsheet.  But days later when I was checking my savings account I did not see the money show up and there was no pending transaction.

At this point I doubted that I had actually done the transfer and arranged another transfer … you can see where this is going, right?

Anyhoo, both transfers went through with not enough money in my account, the second one resulted in a $45 NSF fee.  *hanging head in shame*

I have called my bank and explained that I am an idiot and is there anything they can do and they have offered to go half which is more that I could expect.  The credit should appear in my account by the end of next week.

I can’t believe I did this.