- Joined
- Sep 18, 2007
- Messages
- 1,230
Today I tried to open a new PC Finacial bank account, I have another one for a rental property. When speaking to them on the phone they asked me what the purpose of the account was and I indicated it was for depositing rent payments and paying bills on a property. They immediately rejected my application since it contravenes their rules since it is considered a business account. I`m aware of many REIN investors who have multiple PC accounts, is this in fact illegal or better termed fraudulent?
All I need to tell them really is its for making deposits and paying bills on my own house and it would be OK.
How does everyone else feel about this?
Here`s another example: I have a phone line dedicated strictly to my fax machine and my primary phone is my cell. If Bell Canada finds out this is a fax line for business purposes they would charge me a much higher rate for what is essentially the same phone line. So I just don`t tell them and why should I, I`m paying the going rate for a standard phone line.
All I need to tell them really is its for making deposits and paying bills on my own house and it would be OK.
How does everyone else feel about this?
Here`s another example: I have a phone line dedicated strictly to my fax machine and my primary phone is my cell. If Bell Canada finds out this is a fax line for business purposes they would charge me a much higher rate for what is essentially the same phone line. So I just don`t tell them and why should I, I`m paying the going rate for a standard phone line.