With our SP halted at .025 I just sat back and let things be with my X number of shares at this value and thought "oh well, there's a little something there in my self directed accounts. Wrong!!

At RBC anyway, if you are not contributing to your accounts they charge a service fee of something like $25.00 each quarter. So, having not checked anything on line for quite a while I was shocked this week past to see my TFSA and RSP self directed accounts in the minus side of things by a couple hundred dollars. Depleted to minumun by the nose dive in our SP and then no doubt further by these service charges which I was not informed would be applied unless I was depositing at least $100.00 a month into my TFSA.

Two RBC representatives told my this over the phone a week apart. My situation was resolved on the second call by paying off my two minus balances and setting up a monthly deposit to my TFSA only.

What a ripoff; the big banks win again. I guess our government knows how to make us put funds in savings. Oh well, now I'm saving $1200.00 a year. LOL

Anyone else experience this with their financial institutiion?? Better check it out!!

BDF