CHECK YOUR BANK STATEMENT TODAY! $48 Fee For Being Broke? Not Anymore! episode artwork

EPISODE · Mar 12, 2026 · 24 MIN

CHECK YOUR BANK STATEMENT TODAY! $48 Fee For Being Broke? Not Anymore!

from Tap The Maple · host Bakes On Things

Canadian banks were charging people up to $48 in NSF fees just for being short on a payment, even when they were already struggling. Now, a new federal rule has capped those fees at $10, limited repeat charges, and blocked fees on very small shortfalls.In this episode of Tap the Maple, we break down what changed, who actually deserves credit, and why this was not a Mark Carney policy. This was a Trudeau-era hangover measure pushed by years of advocacy, especially from ACORN, and even they say it still doesn’t go far enough.We also compare Canada’s old bank fees to what’s happening in places like the U.S. and U.K., and ask the bigger question: why were massively profitable banks allowed to punish low-income Canadians like this for so long?This is about more than just bank fees. It’s about affordability, fairness, junk fees, and a banking system that has been making billions while regular Canadians get crushed.If you think Canadians deserve better than being penalized for being a few dollars short, hit like, subscribe, and share this one everywhere.

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CHECK YOUR BANK STATEMENT TODAY! $48 Fee For Being Broke? Not Anymore!

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