Topic: Has anybody heard about the new DND Bank? I have seen ads?

[Ed Gagnon]

Hey Armymedic,

As for the CANEX shares, you don't know what you are talking about!  What you have said here is completely false and groundless.  As the PSP Manager in Petawawa and I often give briefings on PSP and I start the briefing with True or False questions.  One of them is related to CANEX shares.  This is a rumour that has been around for many years however it is completely false.  There are no CANEX shares.  The profit from CANEX goes to provide bases with funds to provide quality of life program and activities for soldiers and their families. 

Thanks,

Ed Gagnon
PSP Manager
CFB Petawawa

[Gunner]

Ed, I think Armymedic's comments were meant as sarcasm...

Welcome to army.ca....

[Rider Pride]

Ed,
The evil and winking smileys were indications of my sacrcasm as I passed all of those rumours on to the young poster.

I pm'd him afterward and told him there was no such beast.

But thanks for clarifying that here as looking back on it, anyone who reads that may think there may actually be such a thing.

[MOOXE]

I think the DND banking system is way out of touch with reality. I attended a briefing on it about 4 months ago held by the people that started it. After reading the pamphlet before the breifing started I knew it was a pile of B.S. I found out why it was such a pile of B.S..... He said that this project was started in 2000. Now back in 2000 this deal woulda of been worthy, but now 6 years later its not. You can get better service and rates with many other banks. He also admitted that they cant go to low on mortgage rates and that some members ended up getting lower rates at regular banks.

Good idea 6 years ago, implemented to late to be useful IMO.

[GO!!!]

Army banking - right.

Look at how well the CF administers things like pay, claims and allowances.

Now apply clerk logic to your bank "did'nt get paid? don't worry, you'll probably get it next month"

How about housing taking 4 months of rent all at once?

I'll keep my pay as far away from anyone in uniform as I can get it, and the fact that the CF is endorsing it makes me even more wary - are these the same people who thought that the tac vest and iltis were "ideal" for our needs? Why would I believe them now?