Tangerine is adding some new fees starting 2017 April 29.
Chequing and non-registered savings accounts will pay $10 for a year of inactivity and an additional $40 for 10 years of inactivity.
Returned items now cost $4 each.
After your first chequebook, subsequent books of 50 cheques now cost $20 instead of $12.50.
NSF charges go from $25 from $40.
These changes seem painless enough depending on how they define “inactivity,” but it pays to remain vigilant. Fortunately, more online banking options keep popping up. I’m optimistic that wary Canadians will be able to keep their banking fees low if they’re willing to move to a new online bank as necessary.