SHRAPNEL OFF THE WALL

Scotia McLeod/Scotiabank Comes Through

Referring to my last post

regarding the lack of funds to cover the withdrawal

of the Registered Savings,

a glance at my checking account today revealed

the amount in question being deposited.

It looks like I spoke too soon.

Or did I?

Whatever it is,

the Bank of Nova Scotia

and the Scotia McLeod investments

came through.

I was right on one thing though,

it did not require the the Ombudsman to intervene

to get things accomplished.

I have said that while the Ombudsman in banks

exerts  very intimidating proddings to get things done,

the President of the Bank of Nova Scotia

has the more direct drive to see things through.

This is analogous to the Ombudsman using the broom

as against the Bank President wielding a hammer.

Get it?

I  GUESS  APOLOGIES  ARE  NECESSARY

AND  I  DO DIRECT  THESE TO THE

AFOREMENTIONED  FINANCIAL  INSTITUTIONS!!!

Scotia McLeod / Scotiabank RRIF a Scam

I do hope that I am mistaken

because I have yet to get the money deposited.

Transactions were made thru the

Bank of Nova Scotia

to convert RRSP’s to RRIF.

Now the RRIF has to be withdrawn fully

and papers were prepared

in a Bank of Nova Scotia branch.

That was last February 15.

No word has come from the bank

nor from Scotia McLeod

about the process of withdrawal.

The President of the Bank of Nova Scotia

has started an investigation into this matter

but how long would it take to find out

if they have the money to cover the withdrawal amount?

What I do know is that the notation placed on this account

is that this was slated “to be dispersed to the checking account”

It did not say when, though.

But what I get from the email coming from the

office of the President of the Bank of Nova Scotia

is that I have the right to take my case to

the Ombudsman of the banks.

Of course, but that process would incur more stalling time.

If the bank does not have the money to cover this small amount

it should notify the Canadian government so that

they can get another bailout.

Meantime, the Bank of Nova Scotia

and/or ScotiaMcLeod

are stalling for time.