516 – Online Banking: Navigating Fees, Services, Apps and Benefits

516 – Online Banking: Navigating Fees, Services, Apps and Benefits

Author: Doug Hoyes July 20, 2024 Duration: 33:14

Doug is joined by BIA Insolvency Counsellor Charlie Kovacs. They discuss banking in the digital age and cover topics such as service fees, chequing accounts, digital transactions, payment methods (digital vs. cheques), prepaid cards, credit scores, mobile payment options, how to manage digital finances, free tax filing, and finding the best bank rates online. If you're new to digital banking or eager to learn insider tips from finance experts, this episode is a must-listen!

 

Time Stamps:

00:00 Introduction

01:25 How can you bank for free?

03:55 Using a mobile app for depositing cheques

05:14 Why do you have to open a new bank account if you file a consumer proposal or bankruptcy?

07:36 Cheques vs E-transfer

08:23 Debit Cards, Credit Cards, Prepaid Cards

14:57 What is the difference between a loadable credit card and secured credit card?

18:20 How do you keep track of your money digitally?

25:11 How do I file my taxes for free?

27:15 Shop around for the best rates

31:46 Final thoughts

 

 

Related Links:

Why You Should Bank at More Than One Bank - https://www.hoyes.com/blog/why-you-should-bank-at-more-than-one-bank/

Why Do I Need To Switch Banks? I Love My Bank - https://www.hoyes.com/blog/why-do-i-need-to-switch-banks-i-love-my-bank/

How to Open a New Bank Account For A Bankruptcy or Consumer Proposal - https://www.hoyes.com/blog/opening-a-new-bank-account-bankruptcy-consumer-proposal/


Doug Hoyes sits down each week with a different specialist to untangle the complicated feelings and hard numbers around owing money. The conversations in Debt Free in 30 move beyond simple scare tactics or dry theory, focusing instead on actionable strategies for managing debt, rebuilding savings, and making informed investing choices. You’ll hear from trustees, financial planners, and counselors who explain concepts in plain language, stripping away the industry jargon that often leaves people feeling overwhelmed. Whether it’s navigating a consumer proposal, understanding credit scores, or starting to invest with a tight budget, this podcast provides a clear-eyed look at the steps toward financial stability. Doug’s approach is grounded and pragmatic, reflecting his deep expertise in the field, making each episode feel like a direct consultation with a knowledgeable guide. Tuning in regularly offers a consistent source of demystified advice, turning what can be a stressful topic into a manageable process. It’s that blend of expert insight and relatable conversation that defines this particular personal finance podcast.
Author: Language: English Episodes: 100

Debt Free in 30
Podcast Episodes
536 – How to Handle Maxed-Out Credit Cards [not-audio_url] [/not-audio_url]

Duration: 31:38
Is the thought of maxed-out credit cards keeping you up at night? This guide unpacks the pitfalls of credit card debt and offers clear strategies to break free from the cycle. Doug Hoyes and Ted Michalos discuss why your…
535 – How Seasonal Workers Can Manage Income and Debt [not-audio_url] [/not-audio_url]

Duration: 30:39
Many Canadians have seasonal employment or variable income, making financial planning more complex. Doug Hoyes and Ted Michalos provide practical strategies for managing income fluctuations, saving effectively, dealing w…
534 – How to Stay Motivated While Paying Off Debt [not-audio_url] [/not-audio_url]

Duration: 32:45
Struggling to stay motivated while repaying debt? You're not alone! Charlie Kovacs, BIA Insolvency Counselor with Hoyes Michalos, joins Debt Free in 30 to share practical strategies to help you stay focused, celebrate sm…
532 – Financial Fitness Check: How to Assess Your Financial Health [not-audio_url] [/not-audio_url]

Duration: 30:17
How do you know if you're financially fit? Doug Hoyes and Ted Michalos break down the essentials of financial "fitness", covering the importance (or unimportance) of positive net worth, stable cash flow, emergency funds,…
531 – Why Popular Budgeting Techniques Don't Work [not-audio_url] [/not-audio_url]

Duration: 33:09
Ready to break all the budgeting rules? This episode is a lively debate that flips the script on traditional money management. Doug Hoyes isn't holding back on his opinions about the Government of Canada's "Financial Lit…
530 – How To Use Credit Cards to Boost Your Credit Score [not-audio_url] [/not-audio_url]

Duration: 30:43
How much do you really know about the impact of credit cards on your credit score? Doug Hoyes and Ted Michalos bust common myths and reveal the true influence of credit cards on your financial health. Learn how credit sc…
527 – Debt After Death: Can You Inherit Debt in Canada? [not-audio_url] [/not-audio_url]

Duration: 30:09
A loved one can leave assets in their will, but what about debts? Can you inherit debt? What makes you legally responsible for debt, and what should you do if creditors come calling? Doug Hoyes and Ted Michalos tackle co…