banking

**murdock** · 03-Jan-11, 06:12 PM

right it is time...

i need to find out which bank is the most affordable...

i need a bank which offers the most competitive rates... there is no service when it comes to banks anymore so i am not concerned about who offers the best service...i am looking for a bank which is not gona cost me a fortune to conduct my bussiness...and has easy internet.

any ideas?

**Dave A** · 03-Jan-11, 08:31 PM

Remember when I compared foreign draft fees? The winner there depended on a number of factors. There might not be a stand-out winner in this case too.

Maybe if we all post a few critical rates from the banks we're dealing with at the moment, that would help?

**Chrisjan B** · 03-Jan-11, 09:15 PM

Capitec I think is a good option for personal use, as a start.

**Justloadit** · 03-Jan-11, 09:09 PM

I use FNB and find that the internet banking is free and is easy to use. A payment costs around R8.00 VAT included irrespective of the amount. Inter account transfer is about R4.00 It is extremely rare that I visit a branch. I hardly ever use a cheque book.

I also use Absa, but they charge a monthly fee for the internet usage. The cost is also about the same as FNB for an EFT. Inter account transfer is no charge.I have never been to an Absa branch since I have had the account for some three years now.

Either one works, and the in contact for both is pretty reliable.

What I do note - if some one does an FNB EFT payment into my account between say 20H00 and 07H00 (out of banking hours), then the funds are in suspension until fairly late the next banking day - Absa it is immediately available 24/7

I found that Stranded bank is not the best when it comes to the in contact messaging, and rates are much higher depending on the package you take on.

**tec0** · 03-Jan-11, 09:26 PM

Just stay away from ABSA bank they are horrible!!!!

**Justloadit** · 03-Jan-11, 09:56 PM

Originally Posted by tec0

Just stay away from ABSA bank they are horrible!!!!

Can you be more specific than just horrible.

All banks are horrible when they do not do what we think they are supposed to do.
We always think that the bank is there to help us, just remember they are a business, and they sell money, or more accurately, supply a service with access to money. Would you give your stock to a shaky customer on credit? So why do we expect the banks to be any different with their stock, which happens to be money.

I am not trying to defend the banks here, what I am trying to say is that we think that the banks are our friends and that they will part with their money when ever we need it, and when they do not do it, we complain about them.

**Chrisjan B** · 03-Jan-11, 10:30 PM

Banks are one of the company's that is like 007 - licensed to steal.... one of my gripes is that they charges me R 9-85 to pay R 900-00 int o my own credit card via their own ATM. And no I am not moving to another bank - rather the devil I know than the devil I don't......... I am a not proud CUSTOMER of ABSA - or a a client. I have been working for them for 15 years before I resigned to start my own business, most possibly where my pet hate started....
Others are Telkom, cellphone company's etc.