The Globe and Mail reports in its Thursday edition that the going rate to transfer investment accounts from one bank or broker to another is roughly $150. The Globe's Rob Carrick writes that TD Bank has long been under this threshold, but not for much longer. Starting July 1, TD Canada Trust clients who move a tax-free savings account, a registered retirement savings plan or a first home savings account to another financial company will pay $150. Account transfer fees are a mostly hidden but potent example of financial industry arrogance. After failing to earn your continuing loyalty, these companies charge you to make your escape. Open banking rules that will boost competition cannot come soon enough. Open banking will lead to lower fees and more personalized apps and services and is a natural part of the federal government's efforts to improve economic productivity. Less money paid to transfer investment accounts means more money left to be invested and spent later on. As for TD, the coming increase in transfer costs is part of a series of fee changes that will increase the monthly cost of some account packages by $1. TD has lowered cost of cancelling an e-transfer money payment to zero from $5. More of that, please.