Ottawa has put in place new rules limiting the fees banks can levy on customers who don’t have enough in their accounts to cover a cheque or other pre-authorized charges.

Effective March 2026, Ottawa is setting a $10 cap on the non-sufficient funds fee banks charge when client accounts fall short.{ai:summary}<p>Ottawa has implemented new regulations to cap the fees that banks can charge customers for insufficient funds when covering checks or pre-authorized payments. This move aims to protect consumers from excessive charges. #economy</p>

Ottawa limiting banks' non-sufficient funds fee to $10 as of March 2026

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