9 Discounts Canadian Seniors Can Only Get If They Know

10) Banking

Handling your money can often be stressful especially when trying to make your retirement funds and allowance stretch. There are banking services that are considerably cheaper and even free for the seniors who are taking on the challenge of personally managing their finances. Four of the five major banks promoted no banking fee for seniors. RBC, BMO and CIBC all waive the fee as soon as you turn sixty and for the lucky ones that are with Scotiabank they offer the same deal but a year earlier at age fifty nine. However, TD has ended its practice of offering no fee banking for seniors. Though it is no longer entirely free, TD will now give a twenty five percent discount to all customers ages sixty and above to those who ask. Credit unions also offer discounted accounts for their senior customers, but it is known that ATM access is more restricted.