MMFBT 021- Take It To the Bank

“Don’t call it a comeback – we never left!”

Yah… So about that whole “short break” thing…

Justin and I apologize for our tardiness.  We know that it has been awhile since we tossed out a new one of these things.  The good news is that now have a bunch of interviews in the hopper and are ready to go.  We’d blame our fiancee’s but that wouldn’t end well, so awkwardly moving on…

It’s toughing knowing what questions people want answers or what issues we should specifically be looking at so please let us know!  If you have any questions you want us to look up and chat about just throw them in the comments, send us an email using our contact page, or send us an email.  If you think you want to come on the show, chances are we’d love to have you, so don’t be a stranger.  All it takes is a phone line or a Skype connection!

Today we tackle the world of banking.  There is something that gets me increasingly agitated the more I think about it when I look at the business model of banks today.  Well, not too agitated because I simply invest in the banks and get my money back on the back end, but it is still pretty illogical to me.

The idea that banks take our money and provide a service by merely storing it for us is a little ridiculous.  I mean, they take that money and make a lot of money investing it and lending it to other people.  Then they want to charge us pesky fees on top of that?!  If you don’t think there is something fundamentally wrong with that picture then congratulations, you are pretty much the average Canadian (someone way too busy to think about this stuff).

Anyway, we’ll give you some tips to help you beat those nickel-and-dime fees. (Obviously it has been a while since that idiom was created, they’re a lot more than a nickel or dime these days!)

Tune In To Hear Justin And I Talk About:

• What a decent student bank account deal should look like.
• How everything is negotiable.
• Debate the merits of online banking versus traditional “bricks-and-mortar” banks.
• What you should look for as you graduate and banks begin to start to charge you for your everyday banking needs.
• Justin reveals the online bank he has recently switched over to and why he loves it.
• No more waiting in line to deposit cheques at the bank.

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See you next week folks.  More Cheers, More Beers, That’s It, That’s All!