Fees

No more passport fees for citizens 60 years and older

Citizens 60 years and older are no longer required to pay a fee for the renewal of their passports, effective today.

The following is a statement from the Ministry of National Security on the matter:

"The Ministry of National Security Immigration Division wishes to inform that effective today, June 1, 2016, citizens of Trinidad and Tobago who are sixty (60) years and over will be exempted from paying the application fee of two hundred and fifty dollars ($250.00) for a Trinidad and Tobago Passport.

RBC Royal Bank defends decision to increase fees

RBC Royal Bank has defended its decision to increase fees for personal and business banking services, saying the new rates are within industry standards. 

In emailed responses to questions from the T&T Guardian, the bank said its competitive edge will not be diminished by the adjustments to its rates which are due to take effect on May 31 and June 17.

RBC’s revised schedule of fees and charges include a $1 increase in standing orders to $7. The fee for initial set up of a standing order, as well as for amendments to a standing order, has been increased to $10. 

Customers had stopped RBC Canada from similar fee increases a year ago

As RBC Royal Bank announced it will be increasing its fees, an article circulating on social media shows that the bank attempted to do the same thing in Canada last year, but was forced to backtrack as customers complained. 

The article was published by Global News on May 22nd, 2015, one year ago.

The articles stated that the Royal Bank of Canada was backing off some changes to account fees it planned to implement, saying the bank had “listened closely to client feedback” and decided against the move.