So we have a basic checking account with BMO, which requires you to keep $1000/day in the account or to deposit >$500 in the account per month to avoid a $12.00 service charge. They mean it, a daily balance of $1000 or greater or they'll *** with this service charge on your statement date.
Kinda like saying: if you don't have a *** load of money, we don't even want your business.
Taking $12.00 from someone who doesn't have enough money in their account, or enough deposited in the account is CRIMINAL in this economy. Despite the fact that they take your $$ deposited, pump it into the system, and make $$ off you twice.
Product or Service Mentioned: Bmo Harris Bank Checking Account.
Reason of review: Problems with payment.