Is It Just BMO ?

[countryguy]

Or are all the big banks pricks to deal with? Had enough of their rates,demands,fees,and antics this spring and went over to the Credit Union.Simply said the difference is amazing.I've come across others who have said that BMO is the shits if you're a farmer.What are your banking experiences?

[Hopperbin]

I use local credit union since forever, better than conexus for applying new loans can be done in one minute and no fees and way better dividend. I know conexus advertises big dividends but I do not see it.

[Daylate]

BMO has been more willing to work with us through bad years than cu, their ag advise is not so good but if you keep a handle on it yourself it works. Besides they value inventories on hand at 75% for operating loan where as cu considers it worthless.

[lnewman]

I've been with TD for fifteen years, Just finishing off
my first 20yr loans . They treat me worse today than
10 years ago. I never missed a payment, 80% land
paid off they want more guaranties , more inventory
forms , its just getting worse .My accountant and
others all claim the best is credit unions, It may be
time for change.

[burnt]

I was a tad upset when BMO hiked our rates and fees this spring but I know others who got the same treatment at other banks.

The BMO has been sterling to deal with ever since we started there 10-15 years ago.

Before them, we found the T.D. bank just as friendly but a bit higher cost.

And before the T.D., we found the CIBC to be insufferable.

That would summarize almost 40 years of banking history for me, with about 10 - 14 years at each bank.

[vvalk]

Do credit unions take on large accounts? i heard they have so much money for AG and do not want too much lending with one customer.

[rockpile]

I always dealt with RBC. Up until the late 80's they
tried to stuff money into your pockets even when
you didn't want any. Then when interest rates
declined and farm income fell through the floor,
they started to get pissy. Then for a period, they
couldn't make a decision locally - done in Toronto.
So, whenever I got ticked off, I threatened to leave
and go elsewhere. Things would then smooth out.
Until the next directive from HO. In the end, I
solved my woes by banking both at RBC and CU -
the service just got better and better from both of
them.

[ajl]

The only business that you do with a large Canadian bank is to be their shareholder. Canadian banks are oligopolies with a license to steal. As a shareholder you want them to steal from the other guy on your behalf. Canadian banks weathered the recession better than other countries banks because they get to charge fees that would be laughed at any where else. I get a kick out of Jim Flaherty's: our banking system is better than other country's banking system comment. Now you know why.