New $10 Cap on NSF Fees Could Save Canadians $600 Million Annually: What You Need to Know

Starting March 12, 2026, Canadians will see long-awaited relief from excessive Non-Sufficient Funds (NSF) fees as new federal banking rules come into effect. These rules, introduced to protect consumers from hefty penalties, will cap NSF charges at $10 per transaction — a drastic reduction from the current $45 to $48 range. The Credit Counselling Society Continue reading

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