Guanghu Cui was poring over his TD Bank statements in March, preparing to pay taxes for his small immigration consulting firm in Oakville, Ont., when he noticed a $1.50 fee for sending an e-transfer.
It was surprising, because when he’d opened his business account three years ago, his financial adviser told him the plan included five free transactions a month and he’d never exceeded that number.
Cui complained and eventually TD said it would reimburse him for the fees and compensate him for his “frustration and inconvenience.”
But when the paperwork arrived for Cui to sign, it included a condition saying he must “keep it confidential.” While he could speak about the dispute, he would not be allowed to tell anyone that TD had offered compensation.
Cui emailed TD to say he wouldn’t take the offer if the bank didn’t drop the gag order.
“I was told the offer is final and there’s no room for negotiation… take it or leave it,” said Cui. “That is just unfair. And that is unethical.”
Tittie Bank?
This is the best summary I could come up with:
Guanghu Cui was poring over his TD Bank statements in March, preparing to pay taxes for his small immigration consulting firm in Oakville, Ont., when he noticed a $1.50 fee for sending an e-transfer.
It was surprising, because when he’d opened his business account three years ago, his financial adviser told him the plan included five free transactions a month and he’d never exceeded that number.
The contracts, typically signed by two parties, were initially created to protect trade secrets or intellectual property but have evolved into a common tool to silence people who have been wronged: financially, professionally or, in the case of sexual assault victims, physically and mentally.
Can’t Buy My Silence, a group that campaigns for legal changes related to misuse of nondisclosure agreements, estimates that 95 per cent of civil suit settlements in Canada now include one.
After Go Public contacted BMO about the case, a spokesperson called Mireau to let him know the bank had reconsidered, and had deposited the other half of his stolen money into his account.
Last year, the Canadian Bar Association swiftly passed a resolution, committing to discourage the use of these agreements to silence victims of abuse, harassment and discrimination in the workplace, schools and other organizations.
The original article contains 1,103 words, the summary contains 207 words. Saved 81%. I’m a bot and I’m open source!
Very poor summary. Bank and complainant both change between start and end.
Ultimately, this summary is 100% useless.
This bot often is. It seems to only randomly cut out sentences and paragraphs. You’d think that with today’s LLMs it would be possible to create something much better.
“There’s no room for negotiation” is an odd thing to say to someone when you’ve indicated that you do not want certain information to be public.
“We dictate from a position of monolithic strength. Also, here’s a pickaxe.”
I wouldn’t sign it either. a buck 50. rather sing your sins from the mountains now that you pissed me off. of course if they just refunded it and kept quite I would be unlikely to mention it except maybe casually.
These clowns really disrespect this Chad… Why would sign something like this off for 50 bucks haha
I would rather take it to the court of public opinion so people know what we are dealing here with. Document it so down the road if there litigation … They can get fucked with a search query haha
Sue them in small claims court. It’s $1.50, will cost them hours of their time if they don’t default, the judge will just love seeing that NDA, and you will get your small financial victory with a greater moral victory. Then you take it to the press again so everyone gets reminded to check their bank statements and maybe do it dozens more times.
wait 50. I thought they were just reimbursing him. I might have just taken the 50 to be honest.
I had TD pit overdraft protection on my account without my consent (or coerced/implied consent) and I was livid. I went to the bank and demanded they take it off and they did immediately. They refunded the charges and gave me 2 months free of the service charge. Still mad about the asshole on the phone but the tellers are great at my bank.
The story could be “I talked to TD and they fixed my issue. Great customer service!”
But they tried to buy him off for some reason…?
Yeah TD sucks. I was a cuatomer since the 90s when it merged with Canada Trust. I had mortgage, house ins, bike insurance, and RRSPs with them. it slowly got worse. The final straws were offering a prime plus .25% LOC and once I used it they did a randome re-eval and bumped up the variance rate, it went from about 4% to 7% and a then 12%. They did not want to discuss the practise. But shortly after I knew I had a payment coming from my account so put cash in in the morning. Checked it all at night and all went through fine. next day I have a NSF charge. They switched the deposit order so it went in after the night withdrawal. I went to TD that day and started cancelling everthing with them. So for them trying to make a quick shady $45 bucks they lost all my business…they don’t even care they lose customers, they just keep screwing the ones that stay
