UPDATE: May 31st 2020

I highly do not recommend banking with them. They are not worth the hassle and trouble from personal experience.

They “lost” my $2500 credit card payment and then it took me 6 weeks and constant calling/tweeting to get back that money AND have them compensate the credit card interest charges incurred because of their ineptitude.

The frustration, stress and pain they put me through with absolutely no certainty I would get my money back, brought me to the brink of calling a lawyer to ask what could be done.

It was that bad and they are that incompetent.

I hate this bank.

I will never bank with them, or their affiliates again – Laurentian Bank, B2B bank and will actively avoid them like the plague which includes NOT investing in their stock either as a dividend investor.

I will also actively discourage anyone who is thinking of investing or banking with them. I’m not the only one who feels this way. They are the WORST of the WORST in customer service and general trustworthiness.

I almost thought for a moment they had stolen my money and were hesitating on giving it back.

I had to go all the way up their stupid bureaucratic chain to obtain any kind of traction in my case and use my platform to get them to respond.

It is like they thought I would just “forget” about that $2500 payment and let it slide, with the way they were treating me and the case.

I even called the government of Canada to see what my options were to file some sort of report, complaint or charge against them.

See also  Net Worth by Age (Informal Instagram Survey) & Breakdown with Details

Never. Ever. Again.

10 responses to “Canadians! Laurentian Bank and LBC Digital are the worst banks in Canada. Period.”

  1. Lacey Green Avatar
    Lacey Green

    I have had incredibly awful dealings with Laurentian Bank! They truly are the WORST of the WORST!

    1. Sherry of Save. Spend. Splurge. Avatar

      You will get zero disagreement from me here. They are literally THE WORST BANKS.

  2. Pat Avatar
    Pat

    Another update for the article. As of June 1 2020, their interest rate is dropping again to 2.05%

  3. Alice Avatar
    Alice

    Wow, that is an insanely good rate. Hard to even find 2% for a savings account.

    1. acdocgirl Avatar
      acdocgirl

      Nope, it’s now 2.5%.

      1. Sherry of Save. Spend. Splurge. Avatar

        Thank you I am updating – I hope you’ll appreciate that I actually posted this back in December 2019.

        1. Don Avatar
          Don

          Did the rate change in one day? I’m seeing 2.25%.

          1. Sherry of Save. Spend. Splurge. Avatar

            AGAIN? I’m not surprised. It must have dropped. Try Tangerine for their promotion it is on for 2.74 (?)% until end of June.

Leave a Reply

Your email address will not be published. Required fields are marked *

Being broke is hard.
Becoming wealthy is hard.
Choose your hard.
– Literally anyone who has money and wasn’t born wealthy