Opinion / Columnist
Did you know? #bankchargesmustfall
12 Dec 2016 at 11:36hrs | Views
It costs $3 to withdraw the daily (bond note) limit of $25 in bond notes from Stanbic bank.
The USD daily ATM withdrawal limit has been reduced to $50 from $100. This costs $2.50.
It costs $5.50 to withdraw the full daily limit of $75, of which $25 has to be in bond notes.
If you go to the bank to withdraw money in this manner for ten days, it will cost you $55 and you will have withdrawn $750. Simple calculation for a bank with 250000 customers X $55 = $13750000 every month from nothing , God have mercy on us
Fascinating how the withdrawal limits continue to come down while the charges keep going up. Daylight robbery under the watchful eye of RBZ
What is your bank charging you? #bankchargesmustfall
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Edmund Eddy Madzonganyika <eddymadzonga@gmail.com>
The USD daily ATM withdrawal limit has been reduced to $50 from $100. This costs $2.50.
It costs $5.50 to withdraw the full daily limit of $75, of which $25 has to be in bond notes.
If you go to the bank to withdraw money in this manner for ten days, it will cost you $55 and you will have withdrawn $750. Simple calculation for a bank with 250000 customers X $55 = $13750000 every month from nothing , God have mercy on us
Fascinating how the withdrawal limits continue to come down while the charges keep going up. Daylight robbery under the watchful eye of RBZ
What is your bank charging you? #bankchargesmustfall
----------------
Edmund Eddy Madzonganyika <eddymadzonga@gmail.com>
Source - Edmund Eddy Madzonganyika
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