Is It Legal To Charge Fees On Inactive Accounts

(B.C Canada)

i hadn't used my TD bank account for several month maybe close to a year....... when i went back to work and submitted my direct deposit information everything was fine until my cheques didn't get deposited. i called the bank and they informed me that my account was closed however they racked up a $207.00 bill with fees. Now i have collectors calling me for the $ and have added another 70$ on in interest.... they aren't even willing to make a payment plan so i can pay it they want full payment by tomorrow - what are my options?

Comments for Is It Legal To Charge Fees On Inactive Accounts

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May 02, 2010
closed accounts
by: Gerri

I am sorry I don't know what the rules are in Canada so I can't be of much help to you. I don't even have a resource where I can look it up for you. If you do find a resource that's helpful, please let us know by using the comments link below. We are getting a fair number of questions from Canadian citizens and we'd like to be able to point them to a reliable resource.

Good luck resolving this.

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