I logged in to my COL Financial Account today and a Company Advisory showed up on my screen. Not sure when it was actually sent because I hadn’t checked my account in the past few weeks.
Based on the advisory, “Starting January 15, 2016, COL will no longer subsidize the fees being charged by the banks for the use of their deposit facilities when transferring funds to COL.”
The amount that will be credited to our account will be net of the corresponding bank charges.
Below are the rates that each partner bank implements per transaction: