Looking for Quick Payday Loans Without Faxing in Canada? Apply and get short term cash loan up to $1000.

 
  • Easy online application! Online application is easy to use that save your time and money, you’re five minutes away to solve your financial problem.
  • Fast loan approvals! Use the form to submit your loan application directly to the network of payday loan lenders to get instant approval online.
  • Easy, safe and hassle free! Yes, go ahead to apply from the comfort and privacy of your own home or office to get started the loan process and cure your financial headache.
 

Receive Fast Cash Get Approval For Your Loan Application Online Apply For Payday Loans Online

 
 
Online payday loans for Canadians offers quick and affordable cash advances with high approval rate through out Canada, select your province / territory to check the availability of cash lenders in your area to apply for a loan you deserve and to receive fast cash direct into your bank account!
This secure application is provided by T3Leads, please remember; payday loan is a "high cost short term credit". Warning: Late repayment can cause you serious money problems. eLoanCanada.com is not a lender and or consultant but an information site that offers resources and news about financial products and services available in the market - affiliate disclosure.

Tag: Canadian Banks

Canadian Banks Increase Prime Rates After Bank of Canada’s Rate Hike of July 20

The big 5 Canadian banks have been showing considerable rise in their prime lending rates today after the Bank of Canada’s rate hike earlier in this week. Banks like RBC, TD, BMO, CIBC and Scotiabank have increased their Prime lending rates by 0.25% to 2.75%, effective July 21. It also increased variable mortgage rates, including those offered by brokers as well, for the best mortgage rate that were closed at 1.75% for a 5 year variable previously was now expected to increase up to 2.00% now.

The Bank of Canada hiked its key interest rate by a quarter point earlier this week! For the second month in a row.

In its statement the Bank noted that it “expects the economic recovery in Canada to be more gradual than it had projected in last April, with growth of 3.5% in 2010, 2.9% in 2011, and 2.2% in 2012. This revision reflects a slightly weaker profile for global economic growth and more modest consumption growth in Canada.”

Most lending institutions including Canadian big banks are expected to respond to the Bank’s rate hike by increasing their prime lending rates by a minimum quarter point. However, lenders do vary in when exactly they adjust their rates for variable-rate mortgages. Contact your bank or a mortgage professional for more information on how a particular lender may implement a rate increase. As its a time when mortgage holders or potential borrowers should sit down with their mortgage professional to explore their options and decide what makes the most sense for their own financial situation.

A competitive five-year fixed mortgage rate is available to qualified borrowers at 4.29%, while with the Bank’s rate increased, a competitive variable rate mortgage is available to qualified borrowers at 2.15%, prime of 2.75 per cent minus 0.60 per cent.

Prime & variable mortgage rates update with Canada’s lenders / brokers / bankers as of July 21, 2010:

  • Dominion Lending – Prime rate: 2.75%; Change (%): +0.25%; Variable mortgage rate: 2.00%; Change (%): +0.25%
  • ScotiaBank – Prime rate: 2.75%; Change (%): +0.25%; Variable mortgage rate: 2.60%; Change (%): +0.25%
  • CIBC – Prime rate: 2.75%; Change (%): +0.25%; Variable mortgage rate: 2.60%; Change (%): +0.25%
  • RBC – Prime rate: 2.75%; Change (%): +0.25%; Variable mortgage rate: 2.60%; Change (%): +0.25%
  • Canada Trust – Prime rate: 2.75%; Change (%): +0.25%; Variable mortgage rate: 2.35%*; Change (%): +0%*

As far as the Fixed-rate mortgages are concerned, it will not get any changes directly by the Bank of Canada rate hike announcement as their rates are influenced more by movements in the bond market, tend to climb when traders shift investment activity to riskier equity assets from bonds that are considered safer.

Compare the Canadian best mortgage rates from banks and brokers!


Unclaimed Dollar Accounts in Canada with Canadian Banks

Information About Unclaimed Balances and Dormant Bank Accounts in Canada

Lying inactive your bank account does not affect your right over your money or assets staying with your bank, bank as a custodian always looking for the rightful owner to claim his/her money whenever he/she may remember or intimated. There are certain of reasons that you may not remember to maintain and claim your bank accounts like relocating, changing your banks, inheritance and a bad memory that could create a possibility to have your unclaimed balances with your bank in Canada.

Canadian banks are legally bound and required to send written notification to the owner of a dormant bank account, you will receive your first inactivity account notice after two years and other after five years if not responded the first one by your bank. After nine years of account being inactive and unanswered notices, the Bank Act authorized the Office of the Superintendent of Financial Institutions (OSFI) to publish information about all unclaimed balances of $100 or more in the Canada Gazette, which is available at most public libraries in Canada with the purpose to help people locate their unclaimed balances. After 10 years of inactivity, all unclaimed balances are then transferred to the Bank of Canada as a final authority and custodian on behalf of the owner.

How To Make A Claim and Find Dormant Bank Accounts in Canada?

There are millions of dollars, lying with the Bank of Canada from unclaimed bank accounts in Canada for the purpose to return the money back to its rightful owners free of charge. Bank of Canada holds unclaimed bank balances are exclusively Canadian-dollar deposits in, and negotiable instruments can be in any form of deposit accounts, bank drafts, certified checks/cheques, deposit receipts, money orders, term deposits, credit card balance, GIC, or traveler’s checks issued by, Canadian banks at locations in Canada. For the convenience of the general people the Bank of Canada provides an online search tool along with detailed instructions on how to claim money and assets that is yours. To avoid one of the most common ways money become lost, you may also check other people with you like names of your friends, relatives, co-workers, neighbors and anyone else you may think of either live or dead.

If you have found an unclaimed balance account, which you believe you are probably entitled to, you will have to complete the claim form that you will obtain from Bank of Canada. To claim funds from the Bank of Canada, you must follow the instructions carefully, submit it with the appropriate signatures and documentation required to prove your identity to support your claim to ownership of the funds. The bank then confirms your ownership, and after completing their portion of the form, forwards it to the Bank of Canada for recovery. The process a claim usually takes 4-8 weeks, although there may be delays due to the complexity of the claim and the volume of requests that the Bank of Canada receives.

The Bank of Canada makes information available to the general public free of charge as following:

  • By Internet: Unclaimed balances search database available online on Bank of Canada website (balances below $2.00 are excluded)
  • By Mail: Bank of Canada, Unclaimed Balances Services, 234 Wellington Street, Ottawa, Ontario K1A 0G9
  • By Fax: (613) 782-7802

Moreover, a request for a search database must include the full name of the individual along with applicant’s all the past residences addresses and the year of death is required in case the individual or applicant is deceased.

How Long Unclaimed Bank Balances are Held To Claim

The Bank of Canada maintains custody and holds all unclaimed balances for 100 years if $1,000 or more and for 40 years (10 years from the date of the last account activity or transaction by owner at the Canadian bank + 30 years at the Bank of Canada) if under $1,000. Moreover, unclaimed balances under $500 are kept for 20 years (10 years from the date of the last account activity or transaction by owner at the Canadian bank, plus an additional 10 years held by the Bank of Canada). For more information and changes please go to the Bank of Canada website.

Unclaimed Canadian Bank Accounts Updates

Passing of the Bill C-37 results into the following rules came into effect from March 29th 2007

  • The Bank of Canada will now hold unclaimed balances for thirty years, once they have been inactive for ten years at any of the Canadian financial institutions/banks. Therefore, unclaimed balances’ will now be held for a total of forty years prior to being prescribed.
  • Only the unclaimed balances of less than $1,000 will be prescribed after the forty-year period, previously this limit was less than $500.

Why does the Privacy Act allow personal information of individuals to appear on the Bank’s Unclaimed Balances publicly through website?

  • The Privacy Act permits the disclosure of personal information to be publicly available when an Act of Parliament so authorizes. Bank Act authorized the Office of the Superintendent of Financial Institutions (OSFI) to publish in the Canada Gazette, which is available at most public libraries, information about all unclaimed balances of $100 or more, once they have been inactive for nine years. This information includes the creditor’s name, last known address, and balance amount. The purpose of disclosing privacy is to help people locate balances that may be owed them.

How much unclaimed money is held at the Bank of Canada?

  • There were nearly 940,000 unclaimed bank accounts worth app. $320 million being recorded on the Bank’s books at the end of December 2007 and the oldest unclaimed bank account with its balance is available that dates back to 1900.

turbotax
Turbo Tax Canada is #1 Best Selling Tax Software in Canada!

Refresh Financial Canada
Save Money, Build Credit and Change Your Financial Future in Canada!

Canada Auto Finance - Canada Car Loans Get Approved For a Car, Truck, SUV or Minivan Loan at Canada Auto Finance Today!

Canadian Best Mortgage Rates
Compare Canadian Mortgage Rates From Banks and The Top Brokers Free!

Welcome Home @ Sears Canada
Sears Canada Offers Fall 2016 Catalogue New Arrivals Plus Coupons Inside!

Canada Foreclosures and Bank-Owned Homes at Massive Discounts
Canada Foreclosures and Bank-Owned Homes at Massive Discounts!

Meet Christian Singles!
Freebies on Approval

Get a FREE $50 Gift Card upon approval of the new Tangerine Money-Back Credit Card!

Get a $60 e-Gift Card upon approval of the TD® Aeroplan® Visa Infinite* Card!

Get a $100 Gift Card upon approval of the MBNA Rewards MasterCard® or MBNA Platinum Plus® MasterCard® Credit Card!

Get a FREE $75 Gift Card upon approval of the President’s Choice Financial® World Elite MasterCard® or President's Choice Financial® MasterCard®.. Exclusive Offer!

Enter to WIN a $10,000 Dream Vacation!


  • Archives

  • Copyright © 1996-2010 eLoan Canada. All rights reserved.
    © eLoan Canada | Bad Credit Personal Loan Canada | Car Loan Canada | Free Stuff Canada
    iDream theme by Templates Next | Powered by WordPress