2.3.3 Summary of key messages
- Alternative financial arrangements like cheque-cashing and payday loan businesses are not regulated like banks, credit unions, caisses populaires and trust companies, and they often charge higher fees.
- Consider the costs as well as the potential benefits when you decide whether or not to use alternative banking arrangements. They are not regulated like regular financial institutions.
At the end of the module, you will find an Action plan. This is a tool that you can use to track your progress and take the next steps to manage your banking successfully in the future. Use the action plan as a roadmap for financial action!
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