Foreign draft fee at Standard Bank

[Dave A]

PS: Should we not all adopt the practice and habit of changing all our banking accounts at least once a year as a show of solidarity to impress upon the banks the notion that their customers are no longer going to tolerate this nonsense?

There's that small hiccup of track record. Fine if you don't need any finance, but for mere mortals, that track record is pretty important.

Feeling somewhat outraged that Nedbank charged me R330.00 for a certificate of balance (X 2 = R660.00) because the auditors required these certificates, one for end Feb and one for end August, I decided to get my own back.

I now send an account to the bank, care of the bond registering attorneys, for all the documentation required of me. It amounts to just under R400.

The bond attorneys and their client banks are understandably "outraged".

Raising a fee seems fair enough
Just who do they propose should be footing the bill?

[wynn]

The bank's are only interested in the last three months transaction history and any RD cheque history, other than that open a new account and after three months close the old account, you will feel no pain.

[AndyD]

Interesting stuff, thanks for the info.

[Blurock]

This is just another example of how banks (and sometimes other businesses) slip in some unannounced charges when things get desperate. This is a direct reflection of the ethics (or lack of it) in our business community and society in general. Punish them by moving your account if they do not want to conform.