Private Banking choice

[Houses4Rent]

Sorry, I was not clear and the discussion digressed somehow.

The low cost no frills option aka Capitec is a very different need for my daughters etc (NEED 1) than my business/personal banking needs (NEED 2). So the 2 are separate issues.

But I do see now that business banking gives better access to a human with brains. Apart from the high entry criteria it costs a lot of money whilst I unlikely need most of the things which come standard for that fee.

Gone are the days were one can get normal service without paying extra it seems.

[PlatinumWealth.co.za]

Sorry, I was not clear and the discussion digressed somehow.

The low cost no frills option aka Capitec is a very different need for my daughters etc (NEED 1) than my business/personal banking needs (NEED 2). So the 2 are separate issues.

But I do see now that business banking gives better access to a human with brains. Apart from the high entry criteria it costs a lot of money whilst I unlikely need most of the things which come standard for that fee.

Gone are the days were one can get normal service without paying extra it seems.

That never existed before Capitec

[dellatjie]

I have been banking with Capitec since 2010.

I enquired about the interest rate as well. If, for example the interest rate was raised, they would not raise their interest rate with the same %. Unfortunately no one wanted to explain that to me, they simply referred me to the website if I wanted to know what the rates were.

But I am sure this is just a minor compared to the problems at other banks, so I am content where I am...

[Houses4Rent]

Ok, so Private Banking is not the answer.

I just had another episode with Standard Bank and are now royally fedup. I have business and trust accounts with them. I also have accounts with FNB and Nedbank. Neither of them are sticking out positively. I only have a back up Credit Card with ABSA (pretty dormant) so cannot judge about them much. I do remember though that about 9y ago I had started my business account with ABSA and had to close it a couple of weeks later as it was a total failure.

My question is are any of you using ABSA as a business bank and are happy with them? I do realise this may be a rhetoric question, but I try my luck anyway. I am hoping they may have changed in the last 9 years.

It just dawned on me I never tried Investec. They are supposed to be better aren't they? Is there any trust in that perception?

[HR Solutions]

I am hoping they may have changed in the last 9 years.

I don't have an account, but have a friend that works at their HO and when talking to him he says he would not use ABSA.

[Houses4Rent]

Thanks HR, that says it all.