Ever noticed that Canada’s Big 5 banks raise fees at the same time? That’s because they work as an oligopoly—at the expense of your wallet.
koho.ca/learn/canadas-…
#BankingBS #NeverAskedQuestions #Oligopoly
KOHO
5,210 posts
Giving Canadians the tools and knowledge to make their money grow—and make life better—every single day. Join over 1 million+ Canadians making progress 🇨🇦
Joined November 2014
- Did you know that Canada's Big 5 Banks are known to coordinate their actions and raise fees at the same time? This is some real banking BS.
GIF - Enough with the hidden fees and fine print. It’s time we challenge banking BS and to start, we're asking some #NeverAskedQuestions about big banks to get you thinking about where you put your money.
- Did you know over 2 million Canadians turn to loan providers because they don’t qualify at traditional financial institutions? Then, they get sucked into a cycle of debt where they borrow more money to repay the previous debt. It’s banking BS on a loop. bit.ly/2ROAmTw
- Drop some financial motivation for the KOHO community. 👇 We'll go first...Keep showing up for yourself. You're worth it every time. #MadeForYourMoney #FinancialRealness
- Another day, another #NeverAskedQuestion: If you could change one thing about your banking experience with the Big 5 what would it be? #replytweet
- Would you rather live with 4 roommates while you save to buy a house or move back in with your parents?🤔 #financialrealness #madeforyourmoneyRoomie love 100%35%Mom & dad...I'm home!65%20,845 votesFinal results
- (1/2) 🚨 Freebie Friday 🚨 Did groceries cost you your life savings this year? Us too, so we’re going to credit one lucky winner’s KOHO account with $500 to go towards your shopping bill!
00:00 - (1/2) 🚨 Kicking off the KOHO Countdown: Freebie Friday 🚨 Everyone’s ears need a break from the holiday hum, right? Like & retweet this post and make sure you’re following KOHO to be in with a chance to win.
00:00 - 🚨 Freebie Friday 🚨 Win a whole year on the Everything plan, worth over $300 — earn 5% interest and 2% cash back, completely free! Like this post, make sure you’re following KOHO, and tag 2 financially-savvy friends. #TheKOHOCountown
00:00 - Sooo, what exactly do those monthly banking fees pay for? 🤔 If that money was in your pocket, what would you put it towards? #savings #monthlyfeesGroceries39.6%Pet Food6.8%Gas11%Savings42.6%13,073 votesFinal results
- If you could add one relic to our Museum of BS, what would it be? #MuseumofBS #DitchtheBS #personalfinance
00:00




