Many major Canadian banks now offer customizable account alerts, but a large portion of customers never turn them on. These alerts can notify you when:
Your balance drops below a certain amount
A bill payment is coming up soon
A transaction over a chosen dollar limit goes through
An e-transfer is sent or received
Your credit card payment due date is approaching
These alerts are optional and don’t change anything on your account — they simply provide reminders.
In many cases, Canadians accidentally incur NSF or late fees because they weren’t aware of a pending payment. A simple automated reminder can help people stay informed.