Scotiabank called me stating i opened too many savings account...

[Halada]

It also depends on the relationship you have with a bank and how long you've been banking with them.

I've been a BMO client for 10 years. I usually have many thousands of dollars sitting in my principal chequing account (one I use every day).

I've had up to 11 accounts at a time. Opening, closing... they never cared. I am a good client, earning them a crapload of money (up to 139$ in fees each month... crazy).

If you have 11 accounts with Scotia and all you do is have money pass through then you withdraw it to your "real" bank, they're likely to frown upon it.

[Darwin]

Originally Posted by pod

Maybe the tone is not translating well here, but were you short and annoyed with her? Banking is not a right, its a privilege. And there are rules and laws involved. So telling her to just never mind is not the way to go. [Again, you may have been friendly, I have no way to tell here]

You need to maintain a friendly tone with these folks. Its not that great a job and pays pretty crappy. So pretty easy to get them cranky. Its not at all normal to have a bunch of accounts. So if they have questions you need to respond to them

You can tell them you sell online and have various accounts on various sites. You like to maintain separate accounts for each to stay better organized. Even at the expense of extra fees.

That will usually be more then enough to end the issue

No, i talked to her pretty much with a neutral tone.
And they haven't called back, so i guess its fine.

[original]

Originally Posted by rsot

I used CIBC all the time - very easy, accepts deposits in different names without a problem - just don't do frequent deposits (i.e. everyday) into a personal account.

Lol, why not? I do $500 deposits every two days. No issues. Been like this for like 7 months now.

[jrvs]

Originally Posted by original

Lol, why not? I do $500 deposits every two days. No issues. Been like this for like 7 months now.

what bank do you use?

[rsot]

He uses CIBC.

[Ishopping06]

I used Td, i opened 7 savings account, then close and open new one. My nickname is fine too. Everytime i withdraw from my paypal even my name dont match TD dont mind, So i suggest try with TD. Goodluck!

[original]

Originally Posted by rsot

He uses CIBC.

I now do $1,000/day withdrawals 6 days a week in to personal CIBC account.
No issues so far... been this high for about 3 weeks now.

The teller does however look at me very weird when I do teller withdrawals.

I'm guess the really don't give a sh*t how much money comes in, as long as it doesn't bounce back, or raise any flags.

[rsot]

Great to hear on the experience - CIBC is nice in general.

[GreenBean]

CIBC is a good bank.

Stellar services from their Vancouver branches

[Summ0n]

I like feature full accounts, CIBC doesnt offer Interac Online so I just closed an account that was linked to limited PP last week, I went with BMO this time.