Dear Editor,
After over 100 years of brick and mortar, some great staff and community involvement our local, profitable, TD Bank branch in Coronation is being closed.
In many telephone conversations and again in the March 28 meeting with two TD Bank VPs they have said “we had our retail department do an analysis on the Coronation Branch accounts and the clients use their debit and credit cards everywhere so we don’t need a brick and mortar location in Coronation”.
This means that the TD Bank doesn’t put any value on our small retail businesses in east central Alberta, cash withdrawals, or area seniors.
A small retail business in Coronation that has to make any cash deposits, even if they have dealt with the TD Bank for 30+ years, has to move their banking as it is impossible to make cash deposits by internet banking.
In the March 28 meeting we asked for a TD Bank ATM and were shot down hard and fast, probably because there will be no staff or vault in Coronation. This means that every time we do want cash in Coronation, if we stay with the TD Bank, there will be an extra fee by other ATMs on our cash withdrawals.
The cost of internet banking is greater than most people can even imagine. The banks are making millions of dollars every day as they fee both the card holders and our local businesses.
I would like everyone to say to themselves, “I just made the TD Bank money” every time you use your TD debit or credit cards. You might consider using cash next time and save the associated fees to both yourself and the local retailer and stop working for the bank.
Stewart Twa
Veteran, Alta.
