While looking at some of the banking sites today I realized that some banks appear to have fees associated with the account. Depending on who you open up the account with, there could be things such as a withdrawal fee.

For example, I noticed with TD Canada allows one withdrawal from your account and then charges $5 a piece afterwards. I guess that is something to look out for as you decide to open up an account.

I’ll try to research more as I am in the midst of setting up a category for each bank and everyone can contribute as well.