COL Financial recently announced that they will no longer subsidize the fees being charged by the banks for the use of their deposit facilities when transferring funds to your COL Financial account. If you’re one of their customer, this COL Financial new bank deposit fees might help.
Here’s the COL Financial new bank deposit fees
What does it mean?
It simply tell us that every time you deposit money to your COL account, there will a charge. This started taking effect last January 15, 2016. Unlike before where it’s free.
According to COL Financial, the charge is for every transaction. Meaning, no matter how much you transfer or deposit to your COL account the bank deposit fees will be the same in a single transaction.
It is wise to deposit via lump sum if that money is really for your COL financial account. Or better to activate online banking to save some “pesoses” from that COL financial new bank deposit fees.
If you have an ATM savings account, you can activate them online to take advantage of online processes. You cannot only save money in this COL Financial new bank deposit fees but can also benefit from other transactions that allow online payments and deposits.
Here are some of published article on this blog that will help you enroll and activate your savings account online.
COL Financial assured that they are doing their best to talk with their bank partners and negotiate a better rates for their customers. For additional information, you can visit COL’s FAQ page.
I hope and pray that they’ll remove it again in the future. That’s one of the reason why we chose COL financial.
What do you think with this COL Financial new bank depeosit fees? Feel free to share your comments below.
I hope this has been informative. Thank you for your time. Cheers!