brucecohen wrote:I too converted from the grandfathered account to Plan 60.
Alas, I turned 60 a couple of weeks after they killed Plan60. The branch told me there was nothing they could do. They'd already been asked about "back-dating" by others and were told no by HQ. The branch manager commiserated but all she could suggest was an appeal to Dr Ed. (Who on his watch as CEO of CT championed the phrase, "Thinking like a customer." How soon they forget
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Now I'm considering converting to a select plan that waives fees for a minimum $5,000 balance. The biggest driver for me is the substantial increase in their rental fee for a safe deposit box. Also, the select account comes with a US$ account and, I think, a US$ Visa card.
I have both the grandfathered Preferred account and the Select accounts. I may give up the Preferred but first I have to transfer various direct deposits/debits that are in force on that account. IMO the cost of parking $5k is more than offset by the perqs of Select, e.g. the SDB, premium credit card, deluxe auto club membership that covers both cars and both of us, US$ account and credit card, etc.
N.B. that while Select gets you free transactions at TD ATMs in Canada, (a) they still hit you with a fee at US TD ATMs and (b) since there's no way to associate a US$ account to your bank card they also hit you with FX vig when they force you to withdraw US$ cash from your CA$ account. This stings even more when they waive ATM charges on overseas ATM transactions.
Sedulously eschew obfuscatory hyperverbosity and prolixity.